First United Corporation (FUNC) vs NewtekOne, Inc. (NEWT)

First United Corporation and NewtekOne, Inc. are both Banks Regional companies. First United Corporation and NewtekOne, Inc. are of similar size ($308.3M and $295.0M). NewtekOne, Inc. trades at the lower P/E: 4.8× against 11.7×. NewtekOne, Inc. grew revenue faster over the last twelve months: 11.7% against 6.51%. First United Corporation has the higher net margin (20.0% vs 15.2%) and the higher return on invested capital (12.3% vs 5.17%). Both pay a dividend; NewtekOne, Inc. yields more (7.10% vs 2.32%). Across the 20 metrics below, NewtekOne, Inc. leads on 11 and First United Corporation on 9.

Valuation

Metric FUNC NEWT Banks Regional median
P/E 11.69 4.78 12.02
P/S 2.33 0.75 2.36
P/B 1.38 0.84 1.23
Price to free cash flow 9.69 n/m 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.55% 20.93% 8.21%
Free cash flow yield 10.32% (242.49%) 9.23%

Profitability

Metric FUNC NEWT Banks Regional median
Gross margin 75.70% 100.00% 69.81%
Operating margin 0.00% 62.85% 0.00%
Net margin 19.98% 15.20% 18.82%
Free cash flow margin 24.08% (181.88%) 17.97%
Return on equity 12.24% 18.79% 10.28%
Return on assets 1.23% 2.33% 1.13%
Return on invested capital 12.26% 5.17% 8.45%

Growth

Metric FUNC NEWT Banks Regional median
Revenue growth (TTM) 6.51% 11.71% 6.37%
EPS growth (last fiscal year) 19.68% 11.22% 18.85%
Revenue growth, 5-year CAGR 9.60% 32.97% 12.65%
Net income growth, 5-year CAGR 12.11% 11.59% 9.81%

Health

Metric FUNC NEWT Banks Regional median
Debt to equity 0.14 6.54 0.17
Current ratio 0.92 0.65 0.93
Net debt to EBITDA 0.00 11.44 0.00

Dividend

Metric FUNC NEWT Banks Regional median
Dividend yield 2.32% 7.10% 2.49%
Payout ratio 0.27 0.34 0.29

Size

Metric FUNC NEWT Banks Regional median
Market cap 295.03m 308.28m 934.85m

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