First Financial Bankshares, Inc. (FFIN) vs ServisFirst Bancshares, Inc. (SFBS)

First Financial Bankshares, Inc. and ServisFirst Bancshares, Inc. are both Banks Regional companies. First Financial Bankshares, Inc. and ServisFirst Bancshares, Inc. are of similar size ($4.5B and $4.3B). ServisFirst Bancshares, Inc. trades at the lower P/E: 13.4× against 16.2×. First Financial Bankshares, Inc. grew revenue faster over the last twelve months: 9.46% against 3.06%. First Financial Bankshares, Inc. has the higher net margin (31.0% vs 30.9%) and the lower return on invested capital (14.5% vs 44.3%). Both pay a dividend; First Financial Bankshares, Inc. yields more (2.69% vs 1.93%). Across the 19 metrics below, ServisFirst Bancshares, Inc. leads on 13 and First Financial Bankshares, Inc. on 6.

Valuation

Metric FFIN SFBS Banks Regional median
P/E 16.21 13.41 11.98
P/S 5.04 4.15 2.34
P/B 2.19 2.18 1.19
Price to free cash flow 13.34 9.25 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.17% 7.46% 8.23%
Free cash flow yield 7.50% 10.81% 9.08%

Profitability

Metric FFIN SFBS Banks Regional median
Gross margin 76.77% 60.41% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 31.03% 30.94% 18.66%
Free cash flow margin 37.76% 44.91% 21.11%
Return on equity 14.41% 17.33% 10.65%
Return on assets 1.81% 1.80% 1.13%
Return on invested capital 14.47% 44.30% 8.35%

Growth

Metric FFIN SFBS Banks Regional median
Revenue growth (TTM) 9.46% 3.06% 6.98%
EPS growth (last fiscal year) 13.46% 21.63% 18.88%
Revenue growth, 5-year CAGR 10.57% 19.41% 12.38%
Net income growth, 5-year CAGR 4.65% 10.28% 9.71%

Health

Metric FFIN SFBS Banks Regional median
Debt to equity 0.00 0.02 0.22
Current ratio 0.67 0.98 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FFIN SFBS Banks Regional median
Dividend yield 2.69% 1.93% 2.57%
Payout ratio 0.44 0.26 0.30

Size

Metric FFIN SFBS Banks Regional median
Market cap 4.53b 4.32b 913.33m

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