First Financial Bancorp. (FFBC) vs Simmons First National Corporation (SFNC)

First Financial Bancorp. and Simmons First National Corporation are both Banks Regional companies. First Financial Bancorp. and Simmons First National Corporation are of similar size ($3.3B and $3.2B). Simmons First National Corporation has negative trailing earnings, so its P/E is not meaningful; First Financial Bancorp. trades at 11.0×. First Financial Bancorp. grew revenue faster over the last twelve months: 11.7% against −56.9%. First Financial Bancorp. has the higher net margin (20.8% vs −56.5%) and the higher return on invested capital (7.09% vs −6.96%). Both pay a dividend; Simmons First National Corporation yields more (3.89% vs 3.21%). Across the 18 metrics below, First Financial Bancorp. leads on 14 and Simmons First National Corporation on 4.

Valuation

Metric FFBC SFNC Banks Regional median
P/E 10.97 n/m 11.98
P/S 2.38 5.17 2.34
P/B 1.10 0.92 1.19
Price to free cash flow 4.47 6.48 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.12% (11.51%) 8.23%
Free cash flow yield 22.37% 15.42% 9.08%

Profitability

Metric FFBC SFNC Banks Regional median
Gross margin 73.45% 27.41% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.77% (56.54%) 18.66%
Free cash flow margin 53.30% 79.79% 21.11%
Return on equity 10.29% (9.94%) 10.65%
Return on assets 1.39% (1.36%) 1.13%
Return on invested capital 7.09% (6.96%) 8.35%

Growth

Metric FFBC SFNC Banks Regional median
Revenue growth (TTM) 11.65% (56.85%) 6.98%
EPS growth (last fiscal year) 10.83% (343.80%) 18.88%
Revenue growth, 5-year CAGR 12.02% (8.88%) 12.38%
Net income growth, 5-year CAGR 10.41% 0.00% 9.71%

Health

Metric FFBC SFNC Banks Regional median
Debt to equity 0.32 0.36 0.22
Current ratio 0.85 0.93 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FFBC SFNC Banks Regional median
Dividend yield 3.21% 3.89% 2.57%
Payout ratio 0.36 — 0.30

Size

Metric FFBC SFNC Banks Regional median
Market cap 3.30b 3.22b 913.33m

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