FirstSun Capital Bancorp (FSUN) vs TriCo Bancshares (TCBK)

FirstSun Capital Bancorp and TriCo Bancshares are both Banks Regional companies. FirstSun Capital Bancorp and TriCo Bancshares are of similar size ($1.7B and $1.7B). TriCo Bancshares trades at the lower P/E: 12.5× against 19.9×. FirstSun Capital Bancorp grew revenue faster over the last twelve months: 27.6% against 3.55%. TriCo Bancshares has the higher net margin (24.7% vs 6.60%) and the higher return on invested capital (8.97% vs 7.20%). Across the 19 metrics below, FirstSun Capital Bancorp leads on 11 and TriCo Bancshares on 8.

Valuation

Metric FSUN TCBK Banks Regional median
P/E 19.87 12.47 12.15
P/S 2.62 3.04 2.37
P/B 1.01 1.24 1.21
Price to free cash flow 1.60 12.56 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.52 2.95 2.27
Earnings yield 5.03% 8.02% 8.11%
Free cash flow yield 62.31% 7.96% 8.98%

Profitability

Metric FSUN TCBK Banks Regional median
Gross margin 72.28% 79.56% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 6.60% 24.66% 18.66%
Free cash flow margin 163.46% 24.23% 21.18%
Return on equity 3.19% 10.38% 10.64%
Return on assets 0.39% 1.36% 1.13%
Return on invested capital 7.20% 8.97% 8.33%

Growth

Metric FSUN TCBK Banks Regional median
Revenue growth (TTM) 27.56% 3.55% 6.61%
EPS growth (last fiscal year) 29.00% 6.94% —
Revenue growth, 5-year CAGR 13.29% 10.82% 12.30%
Net income growth, 5-year CAGR 15.53% 13.40% 9.71%

Health

Metric FSUN TCBK Banks Regional median
Debt to equity 0.11 0.04 0.22
Current ratio 0.92 0.87 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FSUN TCBK Banks Regional median
Dividend yield — 3.64% 3.75%
Payout ratio — 0.30 0.27

Size

Metric FSUN TCBK Banks Regional median
Market cap 1.72b 1.67b 921.07m

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