First Hawaiian, Inc. (FHB) vs Park National Corporation (PRK)

First Hawaiian, Inc. and Park National Corporation are both Banks Regional companies. First Hawaiian, Inc. and Park National Corporation are of similar size ($3.3B and $3.1B). First Hawaiian, Inc. trades at the lower P/E: 10.9× against 16.2×. Park National Corporation grew revenue faster over the last twelve months: 11.6% against 1.57%. Park National Corporation has the higher net margin (25.8% vs 24.4%) and the lower return on invested capital (12.8% vs 12.8%). Both pay a dividend; First Hawaiian, Inc. yields more (5.03% vs 3.29%). Across the 19 metrics below, First Hawaiian, Inc. leads on 13 and Park National Corporation on 6.

Valuation

Metric FHB PRK Banks Regional median
P/E 10.93 16.18 12.15
P/S 2.63 4.45 2.37
P/B 1.09 1.90 1.21
Price to free cash flow 9.83 17.83 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.19 3.69 2.27
Earnings yield 9.15% 6.18% 8.11%
Free cash flow yield 10.18% 5.61% 8.98%

Profitability

Metric FHB PRK Banks Regional median
Gross margin 77.44% 84.51% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 24.41% 25.77% 18.66%
Free cash flow margin 26.79% 24.96% 21.18%
Return on equity 10.32% 12.59% 10.64%
Return on assets 1.20% 1.68% 1.13%
Return on invested capital 12.82% 12.81% 8.33%

Growth

Metric FHB PRK Banks Regional median
Revenue growth (TTM) 1.57% 11.57% 6.61%
EPS growth (last fiscal year) 22.91% 19.21% —
Revenue growth, 5-year CAGR 8.41% 6.57% 12.30%
Net income growth, 5-year CAGR 8.26% 7.08% 9.71%

Health

Metric FHB PRK Banks Regional median
Debt to equity 0.00 0.00 0.22
Current ratio 0.77 0.95 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FHB PRK Banks Regional median
Dividend yield 5.03% 3.29% 3.75%
Payout ratio 0.48 0.49 0.27

Size

Metric FHB PRK Banks Regional median
Market cap 3.06b 3.26b 921.07m

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