Primis Financial Corp. (FRST) vs Norwood Financial Corp. (NWFL)

Primis Financial Corp. and Norwood Financial Corp. are both Banks Regional companies. Primis Financial Corp. and Norwood Financial Corp. are of similar size ($386.6M and $367.0M). Primis Financial Corp. trades at the lower P/E: 7.3× against 11.6×. Norwood Financial Corp. grew revenue faster over the last twelve months: 42.3% against 13.2%. Norwood Financial Corp. has the higher net margin (18.7% vs 17.0%) and the lower return on invested capital (9.03% vs 13.0%). Both pay a dividend; Norwood Financial Corp. yields more (4.37% vs 3.25%). Across the 19 metrics below, Primis Financial Corp. leads on 13 and Norwood Financial Corp. on 6.

Valuation

Metric FRST NWFL Banks Regional median
P/E 7.26 11.65 12.15
P/S 1.24 2.37 2.37
P/B 0.89 1.26 1.21
Price to free cash flow n/m 12.22 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.90 2.41 2.27
Earnings yield 13.77% 8.58% 8.11%
Free cash flow yield (10.80%) 8.18% 8.98%

Profitability

Metric FRST NWFL Banks Regional median
Gross margin 71.45% 66.77% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 16.99% 18.68% 18.66%
Free cash flow margin (13.40%) 19.41% 21.18%
Return on equity 13.11% 11.20% 10.64%
Return on assets 1.29% 1.09% 1.13%
Return on invested capital 13.03% 9.03% 8.33%

Growth

Metric FRST NWFL Banks Regional median
Revenue growth (TTM) 13.18% 42.25% 6.61%
EPS growth (last fiscal year) 903.23% 15,150.00% —
Revenue growth, 5-year CAGR 18.77% 15.50% 12.30%
Net income growth, 5-year CAGR 21.74% 12.98% 9.71%

Health

Metric FRST NWFL Banks Regional median
Debt to equity 0.16 0.23 0.22
Current ratio 1.02 0.91 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FRST NWFL Banks Regional median
Dividend yield 3.25% 4.37% 3.75%
Payout ratio 0.71 0.34 0.27

Size

Metric FRST NWFL Banks Regional median
Market cap 386.62m 366.96m 921.07m

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