First Financial Bancorp. (FFBC) vs Renasant Corporation (RNST)

First Financial Bancorp. and Renasant Corporation are both Banks Regional companies. First Financial Bancorp. and Renasant Corporation are of similar size ($3.6B and $3.4B). Renasant Corporation trades at the lower P/E: 11.0× against 11.3×. Renasant Corporation grew revenue faster over the last twelve months: 20.6% against 13.2%. Renasant Corporation has the higher net margin (21.2% vs 20.8%) and the lower return on invested capital (6.91% vs 7.45%). Both pay a dividend; First Financial Bancorp. yields more (3.10% vs 2.37%). Across the 18 metrics below, Renasant Corporation leads on 10 and First Financial Bancorp. on 8.

Valuation

Metric FFBC RNST Banks Regional median
P/E 11.26 11.04 12.02
P/S 2.39 2.29 2.36
P/B 1.17 0.94 1.23
Price to free cash flow 4.63 8.23 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.88% 9.06% 8.21%
Free cash flow yield 21.62% 12.16% 9.23%

Profitability

Metric FFBC RNST Banks Regional median
Gross margin 74.03% 69.81% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.79% 21.16% 18.82%
Free cash flow margin 0.00% 0.00% 17.97%
Return on equity 10.68% 8.70% 10.28%
Return on assets 1.44% 1.23% 1.13%
Return on invested capital 7.45% 6.91% 8.45%

Growth

Metric FFBC RNST Banks Regional median
Revenue growth (TTM) 13.23% 20.61% 6.37%
EPS growth (last fiscal year) 10.83% (36.70%) 18.85%
Revenue growth, 5-year CAGR 12.02% 14.50% 12.65%
Net income growth, 5-year CAGR 10.41% 16.73% 9.81%

Health

Metric FFBC RNST Banks Regional median
Debt to equity 0.33 0.20 0.17
Current ratio 0.85 0.91 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FFBC RNST Banks Regional median
Dividend yield 3.10% 2.37% 2.49%
Payout ratio 0.35 0.26 0.29

Size

Metric FFBC RNST Banks Regional median
Market cap 3.42b 3.58b 934.85m

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