Finward Bancorp (FNWD) vs SB Financial Group, Inc. (SBFG)

Finward Bancorp and SB Financial Group, Inc. are both Banks Regional companies. Finward Bancorp and SB Financial Group, Inc. are of similar size ($192.2M and $183.1M). SB Financial Group, Inc. trades at the lower P/E: 11.1× against 18.9×. SB Financial Group, Inc. grew revenue faster over the last twelve months: 8.95% against 0.15%. SB Financial Group, Inc. has the higher net margin (17.7% vs 9.65%) and the higher return on invested capital (26.8% vs 4.41%). Both pay a dividend; SB Financial Group, Inc. yields more (3.25% vs 2.03%). Across the 20 metrics below, SB Financial Group, Inc. leads on 17 and Finward Bancorp on 3.

Valuation

Metric FNWD SBFG Banks Regional median
P/E 18.93 11.14 12.15
P/S 1.82 1.95 2.37
P/B 1.04 1.26 1.21
Price to free cash flow 10.69 8.02 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.53 0.92 2.27
Earnings yield 5.28% 8.98% 8.11%
Free cash flow yield 9.36% 12.47% 8.98%

Profitability

Metric FNWD SBFG Banks Regional median
Gross margin 67.76% 72.07% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 9.65% 17.67% 18.66%
Free cash flow margin 17.07% 24.35% 21.18%
Return on equity 5.90% 11.95% 10.64%
Return on assets 0.48% 1.08% 1.13%
Return on invested capital 4.41% 26.76% 8.33%

Growth

Metric FNWD SBFG Banks Regional median
Revenue growth (TTM) 0.15% 8.95% 6.61%
EPS growth (last fiscal year) (33.80%) 27.33% —
Revenue growth, 5-year CAGR 7.69% 4.59% 12.30%
Net income growth, 5-year CAGR (12.68%) (1.33%) 9.71%

Health

Metric FNWD SBFG Banks Regional median
Debt to equity 0.36 0.29 0.22
Current ratio 0.88 0.95 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FNWD SBFG Banks Regional median
Dividend yield 2.03% 3.25% 3.75%
Payout ratio 0.40 0.28 0.27

Size

Metric FNWD SBFG Banks Regional median
Market cap 183.11m 192.15m 921.07m

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