First Bank (FRBA) vs West Bancorporation, Inc. (WTBA)

First Bank and West Bancorporation, Inc. are both Banks Regional companies. First Bank and West Bancorporation, Inc. are of similar size ($523.4M and $493.4M). First Bank trades at the lower P/E: 11.6× against 12.9×. First Bank grew revenue faster over the last twelve months: 2.77% against 0.17%. West Bancorporation, Inc. has the higher net margin (20.2% vs 17.5%) and the higher return on invested capital (10.5% vs 9.34%). Both pay a dividend; West Bancorporation, Inc. yields more (2.46% vs 2.26%). Across the 19 metrics below, First Bank leads on 13 and West Bancorporation, Inc. on 6.

Valuation

Metric FRBA WTBA Banks Regional median
P/E 11.59 12.91 12.02
P/S 2.04 2.62 2.36
P/B 1.10 1.94 1.23
Price to free cash flow 9.79 9.86 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.63% 7.75% 8.21%
Free cash flow yield 10.21% 10.15% 9.23%

Profitability

Metric FRBA WTBA Banks Regional median
Gross margin 61.42% 53.40% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 17.45% 20.22% 18.82%
Free cash flow margin 20.80% 26.53% 17.97%
Return on equity 9.72% 15.45% 10.28%
Return on assets 1.05% 1.03% 1.13%
Return on invested capital 9.34% 10.53% 8.45%

Growth

Metric FRBA WTBA Banks Regional median
Revenue growth (TTM) 2.77% 0.17% 6.37%
EPS growth (last fiscal year) 4.19% 35.21% 18.85%
Revenue growth, 5-year CAGR 20.80% 12.56% 12.65%
Net income growth, 5-year CAGR 17.55% (0.09%) 9.81%

Health

Metric FRBA WTBA Banks Regional median
Debt to equity 0.61 1.15 0.17
Current ratio 1.11 0.98 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FRBA WTBA Banks Regional median
Dividend yield 2.26% 2.46% 2.49%
Payout ratio 0.27 0.32 0.29

Size

Metric FRBA WTBA Banks Regional median
Market cap 493.35m 523.41m 934.85m

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