German American Bancorp, Inc. (GABC) vs OceanFirst Financial Corp. (OCFC)

German American Bancorp, Inc. and OceanFirst Financial Corp. are both Banks Regional companies. German American Bancorp, Inc. and OceanFirst Financial Corp. are of similar size ($1.9B and $1.8B). German American Bancorp, Inc. trades at the lower P/E: 13.3× against 21.6×. German American Bancorp, Inc. grew revenue faster over the last twelve months: 21.7% against 10.5%. German American Bancorp, Inc. has the higher net margin (28.2% vs 6.38%) and the higher return on invested capital (8.62% vs 1.77%). Both pay a dividend; OceanFirst Financial Corp. yields more (3.26% vs 2.42%). Across the 19 metrics below, German American Bancorp, Inc. leads on 15 and OceanFirst Financial Corp. on 4.

Valuation

Metric GABC OCFC Banks Regional median
P/E 13.32 21.62 12.02
P/S 3.77 1.72 2.36
P/B 1.57 0.54 1.23
Price to free cash flow 10.38 11.35 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.50% 4.62% 8.21%
Free cash flow yield 9.63% 8.81% 9.23%

Profitability

Metric GABC OCFC Banks Regional median
Gross margin 76.77% 58.89% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 28.24% 6.38% 18.82%
Free cash flow margin 36.33% 15.15% 17.97%
Return on equity 12.46% 2.36% 10.28%
Return on assets 1.70% 0.26% 1.13%
Return on invested capital 8.62% 1.77% 8.45%

Growth

Metric GABC OCFC Banks Regional median
Revenue growth (TTM) 21.70% 10.49% 6.37%
EPS growth (last fiscal year) 8.13% (29.09%) 18.85%
Revenue growth, 5-year CAGR 16.32% 8.66% 12.65%
Net income growth, 5-year CAGR 12.61% 1.86% 9.81%

Health

Metric GABC OCFC Banks Regional median
Debt to equity 0.14 0.97 0.17
Current ratio 0.86 0.92 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric GABC OCFC Banks Regional median
Dividend yield 2.42% 3.26% 2.49%
Payout ratio 0.32 0.71 0.29

Size

Metric GABC OCFC Banks Regional median
Market cap 1.90b 1.84b 934.85m

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