Fulton Financial Corporation (FULT) vs ServisFirst Bancshares, Inc. (SFBS)

Fulton Financial Corporation and ServisFirst Bancshares, Inc. are both Banks Regional companies. Fulton Financial Corporation and ServisFirst Bancshares, Inc. are of similar size ($4.5B and $4.4B). Fulton Financial Corporation trades at the lower P/E: 11.1× against 14.1×. ServisFirst Bancshares, Inc. grew revenue faster over the last twelve months: 3.06% against 0.82%. ServisFirst Bancshares, Inc. has the higher net margin (30.9% vs 20.1%) and the higher return on invested capital (44.3% vs 10.3%). Both pay a dividend; Fulton Financial Corporation yields more (4.63% vs 2.00%). Across the 20 metrics below, ServisFirst Bancshares, Inc. leads on 11 and Fulton Financial Corporation on 9.

Valuation

Metric FULT SFBS Banks Regional median
P/E 11.06 14.08 12.15
P/S 2.31 4.36 2.37
P/B 1.23 2.28 1.21
Price to free cash flow 10.79 9.70 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.94 2.99 2.27
Earnings yield 9.04% 7.10% 8.11%
Free cash flow yield 9.27% 10.30% 8.98%

Profitability

Metric FULT SFBS Banks Regional median
Gross margin 71.07% 60.41% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.10% 30.94% 18.66%
Free cash flow margin 21.45% 44.91% 21.18%
Return on equity 11.43% 17.33% 10.64%
Return on assets 1.16% 1.80% 1.13%
Return on invested capital 10.26% 44.30% 8.33%

Growth

Metric FULT SFBS Banks Regional median
Revenue growth (TTM) 0.82% 3.06% 6.61%
EPS growth (last fiscal year) 32.48% 21.63% —
Revenue growth, 5-year CAGR 14.26% 19.41% 12.30%
Net income growth, 5-year CAGR 16.74% 10.28% 9.71%

Health

Metric FULT SFBS Banks Regional median
Debt to equity 0.14 0.02 0.22
Current ratio 0.92 0.98 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FULT SFBS Banks Regional median
Dividend yield 4.63% 2.00% 3.75%
Payout ratio 0.35 0.24 0.27

Size

Metric FULT SFBS Banks Regional median
Market cap 4.40b 4.51b 921.07m

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