Farmers National Banc Corp. (FMNB) vs NB Bancorp, Inc. (NBBK)

Farmers National Banc Corp. and NB Bancorp, Inc. are both Banks Regional companies. Farmers National Banc Corp. and NB Bancorp, Inc. are of similar size ($918.6M and $908.9M). Farmers National Banc Corp. trades at the lower P/E: 10.5× against 14.9×. NB Bancorp, Inc. grew revenue faster over the last twelve months: 27.9% against 16.8%. Farmers National Banc Corp. has the higher net margin (20.5% vs 14.3%) and the lower return on invested capital (6.96% vs 10.1%). Across the 17 metrics below, NB Bancorp, Inc. leads on 9 and Farmers National Banc Corp. on 8.

Valuation

Metric FMNB NBBK Banks Regional median
P/E 10.50 14.87 12.15
P/S 2.81 2.16 2.37
P/B 1.16 1.07 1.21
Price to free cash flow 14.78 11.50 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.60 1.64 2.27
Earnings yield 9.53% 6.73% 8.11%
Free cash flow yield 6.77% 8.70% 8.98%

Profitability

Metric FMNB NBBK Banks Regional median
Gross margin 69.08% 62.48% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.52% 14.27% 18.66%
Free cash flow margin 19.04% 18.82% 21.18%
Return on equity 10.87% 7.49% 10.64%
Return on assets 1.08% 0.93% 1.13%
Return on invested capital 6.96% 10.08% 8.33%

Growth

Metric FMNB NBBK Banks Regional median
Revenue growth (TTM) 16.75% 27.92% 6.61%
EPS growth (last fiscal year) 18.85% 25.23% —
Revenue growth, 5-year CAGR 13.52% — 12.30%
Net income growth, 5-year CAGR 5.44% — 9.71%

Health

Metric FMNB NBBK Banks Regional median
Debt to equity 0.12 0.22 0.22
Current ratio 0.79 1.06 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FMNB NBBK Banks Regional median
Dividend yield 4.96% — 3.75%
Payout ratio 0.47 — 0.27

Size

Metric FMNB NBBK Banks Regional median
Market cap 908.86m 918.64m 921.07m

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