First Interstate BancSystem, Inc. (FIBK) vs Mechanics Bancorp (MCHB)

First Interstate BancSystem, Inc. and Mechanics Bancorp are both Banks Regional companies. First Interstate BancSystem, Inc. and Mechanics Bancorp are of similar size ($3.5B and $3.4B). First Interstate BancSystem, Inc. trades at the lower P/E: 11.8× against 11.9×. Mechanics Bancorp grew revenue faster over the last twelve months: 55.0% against −2.88%. Mechanics Bancorp has the higher net margin (24.0% vs 23.3%) and the lower return on invested capital (11.0% vs 11.6%). Across the 18 metrics below, First Interstate BancSystem, Inc. leads on 9 and Mechanics Bancorp on 9.

Valuation

Metric FIBK MCHB Banks Regional median
P/E 11.83 11.89 12.02
P/S 2.67 2.77 2.36
P/B 1.14 1.16 1.23
Price to free cash flow 15.23 19.42 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.46% 8.41% 8.21%
Free cash flow yield 6.56% 5.15% 9.23%

Profitability

Metric FIBK MCHB Banks Regional median
Gross margin 78.99% 78.13% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 23.30% 23.98% 18.82%
Free cash flow margin 19.60% 16.01% 17.97%
Return on equity 9.54% 17.61% 10.28%
Return on assets 1.19% 1.94% 1.13%
Return on invested capital 11.56% 10.95% 8.45%

Growth

Metric FIBK MCHB Banks Regional median
Revenue growth (TTM) (2.88%) 55.04% 6.37%
EPS growth (last fiscal year) 34.25% 115.95% 18.85%
Revenue growth, 5-year CAGR 15.72% 20.85% 12.65%
Net income growth, 5-year CAGR 13.39% 27.14% 9.81%

Health

Metric FIBK MCHB Banks Regional median
Debt to equity 0.09 0.05 0.17
Current ratio 0.68 0.78 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FIBK MCHB Banks Regional median
Dividend yield 6.17% — 2.49%
Payout ratio 0.73 — 0.29

Size

Metric FIBK MCHB Banks Regional median
Market cap 3.52b 3.39b 934.85m

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