First Financial Bancorp. (FFBC) vs Seacoast Banking Corporation of Florida (SBCF)

First Financial Bancorp. and Seacoast Banking Corporation of Florida are both Banks Regional companies. First Financial Bancorp. and Seacoast Banking Corporation of Florida are of similar size ($3.3B and $3.2B). First Financial Bancorp. trades at the lower P/E: 11.3× against 20.8×. Seacoast Banking Corporation of Florida grew revenue faster over the last twelve months: 23.7% against 11.7%. First Financial Bancorp. has the higher net margin (20.8% vs 14.9%) and the higher return on invested capital (7.09% vs 4.87%). Both pay a dividend; First Financial Bancorp. yields more (4.22% vs 3.06%). Across the 20 metrics below, First Financial Bancorp. leads on 16 and Seacoast Banking Corporation of Florida on 4.

Valuation

Metric FFBC SBCF Banks Regional median
P/E 11.29 20.77 12.15
P/S 2.45 3.08 2.37
P/B 1.13 1.17 1.21
Price to free cash flow 4.60 15.39 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.57 3.59 2.27
Earnings yield 8.86% 4.81% 8.11%
Free cash flow yield 21.73% 6.50% 8.98%

Profitability

Metric FFBC SBCF Banks Regional median
Gross margin 73.45% 70.94% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.77% 14.85% 18.66%
Free cash flow margin 53.30% 20.04% 21.18%
Return on equity 10.29% 6.13% 10.64%
Return on assets 1.39% 0.82% 1.13%
Return on invested capital 7.09% 4.87% 8.33%

Growth

Metric FFBC SBCF Banks Regional median
Revenue growth (TTM) 11.65% 23.66% 6.61%
EPS growth (last fiscal year) 10.83% 11.27% —
Revenue growth, 5-year CAGR 12.02% 21.83% 12.30%
Net income growth, 5-year CAGR 10.41% 12.53% 9.71%

Health

Metric FFBC SBCF Banks Regional median
Debt to equity 0.32 0.35 0.22
Current ratio 0.85 0.78 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FFBC SBCF Banks Regional median
Dividend yield 4.22% 3.06% 3.75%
Payout ratio 0.33 0.52 0.27

Size

Metric FFBC SBCF Banks Regional median
Market cap 3.33b 3.18b 921.07m

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