FIRST US BANCSH (FUSB) vs Patriot National Bancorp Inc. (PNBK)

FIRST US BANCSH and Patriot National Bancorp Inc. are both Banks Regional companies. Patriot National Bancorp Inc. is the larger, with a market value of $105.1M against $90.6M — 1.2× the size. Patriot National Bancorp Inc. has negative trailing earnings, so its P/E is not meaningful; FIRST US BANCSH trades at 12.2×. Patriot National Bancorp Inc. grew revenue faster over the last twelve months: 15.6% against 3.61%. FIRST US BANCSH has the higher net margin (12.1% vs −9.76%) and the higher return on invested capital (12.3% vs 0.00%). Across the 16 metrics below, FIRST US BANCSH leads on 13 and Patriot National Bancorp Inc. on 3.

Valuation

Metric FUSB PNBK Banks Regional median
P/E 12.21 n/m 11.98
P/S 1.45 1.45 2.34
P/B 0.89 1.10 1.19
Price to free cash flow 8.75 n/m 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.19% (7.71%) 8.23%
Free cash flow yield 11.43% (18.97%) 9.08%

Profitability

Metric FUSB PNBK Banks Regional median
Gross margin 65.18% 58.32% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 12.10% (9.76%) 18.66%
Free cash flow margin 16.56% (27.60%) 21.11%
Return on equity 7.53% (8.72%) 10.65%
Return on assets 0.68% (0.58%) 1.13%
Return on invested capital 12.31% 0.00% 8.35%

Growth

Metric FUSB PNBK Banks Regional median
Revenue growth (TTM) 3.61% 15.58% 6.98%
EPS growth (last fiscal year) (24.81%) 98.31% 18.88%
Revenue growth, 5-year CAGR 6.78% 7.91% 12.38%
Net income growth, 5-year CAGR 17.22% 0.00% 9.71%

Health

Metric FUSB PNBK Banks Regional median
Debt to equity 0.11 0.19 0.22
Current ratio 0.90 0.85 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FUSB PNBK Banks Regional median
Dividend yield 1.70% — 2.57%
Payout ratio 0.21 — 0.30

Size

Metric FUSB PNBK Banks Regional median
Market cap 90.56m 105.05m 913.33m

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