First Hawaiian, Inc. (FHB) vs Seacoast Banking Corporation of Florida (SBCF)

First Hawaiian, Inc. and Seacoast Banking Corporation of Florida are both Banks Regional companies. First Hawaiian, Inc. and Seacoast Banking Corporation of Florida are of similar size ($3.2B and $3.1B). First Hawaiian, Inc. trades at the lower P/E: 10.9× against 20.8×. Seacoast Banking Corporation of Florida grew revenue faster over the last twelve months: 23.7% against 1.57%. First Hawaiian, Inc. has the higher net margin (24.4% vs 14.9%) and the higher return on invested capital (12.8% vs 4.87%). Both pay a dividend; First Hawaiian, Inc. yields more (5.03% vs 3.06%). Across the 20 metrics below, First Hawaiian, Inc. leads on 16 and Seacoast Banking Corporation of Florida on 4.

Valuation

Metric FHB SBCF Banks Regional median
P/E 10.93 20.77 12.15
P/S 2.63 3.08 2.37
P/B 1.09 1.17 1.21
Price to free cash flow 9.83 15.39 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.19 3.59 2.27
Earnings yield 9.15% 4.81% 8.11%
Free cash flow yield 10.18% 6.50% 8.98%

Profitability

Metric FHB SBCF Banks Regional median
Gross margin 77.44% 70.94% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 24.41% 14.85% 18.66%
Free cash flow margin 26.79% 20.04% 21.18%
Return on equity 10.32% 6.13% 10.64%
Return on assets 1.20% 0.82% 1.13%
Return on invested capital 12.82% 4.87% 8.33%

Growth

Metric FHB SBCF Banks Regional median
Revenue growth (TTM) 1.57% 23.66% 6.61%
EPS growth (last fiscal year) 22.91% 11.27% —
Revenue growth, 5-year CAGR 8.41% 21.83% 12.30%
Net income growth, 5-year CAGR 8.26% 12.53% 9.71%

Health

Metric FHB SBCF Banks Regional median
Debt to equity 0.00 0.35 0.22
Current ratio 0.77 0.78 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FHB SBCF Banks Regional median
Dividend yield 5.03% 3.06% 3.75%
Payout ratio 0.48 0.52 0.27

Size

Metric FHB SBCF Banks Regional median
Market cap 3.06b 3.18b 921.07m

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