FirstSun Capital Bancorp (FSUN) vs OceanFirst Financial Corp. (OCFC)

FirstSun Capital Bancorp and OceanFirst Financial Corp. are both Banks Regional companies. FirstSun Capital Bancorp and OceanFirst Financial Corp. are of similar size ($1.7B and $1.7B). FirstSun Capital Bancorp trades at the lower P/E: 19.9× against 20.1×. FirstSun Capital Bancorp grew revenue faster over the last twelve months: 27.6% against 10.5%. FirstSun Capital Bancorp has the higher net margin (6.60% vs 6.38%) and the higher return on invested capital (7.20% vs 1.77%). Across the 19 metrics below, FirstSun Capital Bancorp leads on 16 and OceanFirst Financial Corp. on 3.

Valuation

Metric FSUN OCFC Banks Regional median
P/E 19.87 20.12 12.15
P/S 2.62 1.60 2.37
P/B 1.01 0.50 1.21
Price to free cash flow 1.60 10.56 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.52 4.35 2.27
Earnings yield 5.03% 4.97% 8.11%
Free cash flow yield 62.31% 9.47% 8.98%

Profitability

Metric FSUN OCFC Banks Regional median
Gross margin 72.28% 58.89% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 6.60% 6.38% 18.66%
Free cash flow margin 163.46% 15.15% 21.18%
Return on equity 3.19% 2.36% 10.64%
Return on assets 0.39% 0.26% 1.13%
Return on invested capital 7.20% 1.77% 8.33%

Growth

Metric FSUN OCFC Banks Regional median
Revenue growth (TTM) 27.56% 10.49% 6.61%
EPS growth (last fiscal year) 29.00% (29.09%) —
Revenue growth, 5-year CAGR 13.29% 8.66% 12.30%
Net income growth, 5-year CAGR 15.53% 1.86% 9.71%

Health

Metric FSUN OCFC Banks Regional median
Debt to equity 0.11 0.97 0.22
Current ratio 0.92 0.92 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FSUN OCFC Banks Regional median
Dividend yield — 5.30% 3.75%
Payout ratio — 0.33 0.27

Size

Metric FSUN OCFC Banks Regional median
Market cap 1.72b 1.66b 921.07m

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