First Northern Community Bancorp (FNRN) vs Isabella Bank Corporation (ISBA)

First Northern Community Bancorp and Isabella Bank Corporation are both Banks Regional companies. First Northern Community Bancorp and Isabella Bank Corporation are of similar size ($285.3M and $280.0M). First Northern Community Bancorp trades at the lower P/E: 12.5× against 14.1×. Isabella Bank Corporation grew revenue faster over the last twelve months: 11.1% against 4.54%. First Northern Community Bancorp has the higher net margin (25.0% vs 16.8%) and the higher return on invested capital (18.7% vs 6.67%). Across the 18 metrics below, First Northern Community Bancorp leads on 10 and Isabella Bank Corporation on 8.

Valuation

Metric FNRN ISBA Banks Regional median
P/E 12.49 14.14 12.15
P/S 3.05 2.37 2.37
P/B 1.27 1.13 1.21
Price to free cash flow 43.73 12.09 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.74 2.27 2.27
Earnings yield 8.00% 7.07% 8.11%
Free cash flow yield 2.29% 8.27% 8.98%

Profitability

Metric FNRN ISBA Banks Regional median
Gross margin 83.21% 71.72% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 24.97% 16.78% 18.66%
Free cash flow margin 6.99% 19.59% 21.18%
Return on equity 10.98% 8.51% 10.64%
Return on assets 1.19% 0.91% 1.13%
Return on invested capital 18.73% 6.67% 8.33%

Growth

Metric FNRN ISBA Banks Regional median
Revenue growth (TTM) 4.54% 11.11% 6.61%
EPS growth (last fiscal year) 7.54% 37.63% —
Revenue growth, 5-year CAGR 9.30% 7.34% 12.30%
Net income growth, 5-year CAGR 11.68% 11.68% 9.71%

Health

Metric FNRN ISBA Banks Regional median
Debt to equity 0.00 0.12 0.22
Current ratio 0.75 0.84 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FNRN ISBA Banks Regional median
Dividend yield — — 3.75%
Payout ratio — — 0.27

Size

Metric FNRN ISBA Banks Regional median
Market cap 280.03m 285.32m 921.07m

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