Fulton Financial Corporation (FULT) vs Texas Capital Bancshares, Inc. (TCBI)

Fulton Financial Corporation and Texas Capital Bancshares, Inc. are both Banks Regional companies. Fulton Financial Corporation and Texas Capital Bancshares, Inc. are of similar size ($4.4B and $4.1B). Fulton Financial Corporation trades at the lower P/E: 11.1× against 12.3×. Texas Capital Bancshares, Inc. grew revenue faster over the last twelve months: 13.5% against 0.82%. Fulton Financial Corporation has the higher net margin (20.1% vs 17.1%) and the lower return on invested capital (10.3% vs 66.5%). Across the 19 metrics below, Texas Capital Bancshares, Inc. leads on 11 and Fulton Financial Corporation on 8.

Valuation

Metric FULT TCBI Banks Regional median
P/E 11.06 12.32 12.15
P/S 2.31 2.05 2.37
P/B 1.23 1.25 1.21
Price to free cash flow 10.79 7.11 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.94 0.48 2.27
Earnings yield 9.04% 8.12% 8.11%
Free cash flow yield 9.27% 14.07% 8.98%

Profitability

Metric FULT TCBI Banks Regional median
Gross margin 71.07% 65.16% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.10% 17.05% 18.66%
Free cash flow margin 21.45% 23.16% 21.18%
Return on equity 11.43% 10.59% 10.64%
Return on assets 1.16% 1.05% 1.13%
Return on invested capital 10.26% 66.51% 8.33%

Growth

Metric FULT TCBI Banks Regional median
Revenue growth (TTM) 0.82% 13.49% 6.61%
EPS growth (last fiscal year) 32.48% 430.47% —
Revenue growth, 5-year CAGR 14.26% 9.98% 12.30%
Net income growth, 5-year CAGR 16.74% 40.81% 9.71%

Health

Metric FULT TCBI Banks Regional median
Debt to equity 0.14 0.14 0.22
Current ratio 0.92 1.00 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FULT TCBI Banks Regional median
Dividend yield 4.63% — 3.75%
Payout ratio 0.35 0.00 0.27

Size

Metric FULT TCBI Banks Regional median
Market cap 4.40b 4.11b 921.07m

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