Greene County Bancorp, Inc. (GCBC) vs Southern First Bancshares, Inc. (SFST)

Greene County Bancorp, Inc. and Southern First Bancshares, Inc. are both Banks Regional companies. Greene County Bancorp, Inc. and Southern First Bancshares, Inc. are of similar size ($590.8M and $569.8M). Southern First Bancshares, Inc. trades at the lower P/E: 12.8× against 14.3×. Greene County Bancorp, Inc. grew revenue faster over the last twelve months: 9.67% against 8.92%. Greene County Bancorp, Inc. has the higher net margin (28.1% vs 16.8%) and the lower return on invested capital (21.0% vs 30.7%). Across the 19 metrics below, Southern First Bancshares, Inc. leads on 10 and Greene County Bancorp, Inc. on 9.

Valuation

Metric GCBC SFST Banks Regional median
P/E 14.30 12.79 12.15
P/S 4.02 2.36 2.37
P/B 2.11 1.23 1.21
Price to free cash flow 14.12 13.99 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.07 0.88 2.27
Earnings yield 6.99% 7.82% 8.11%
Free cash flow yield 7.08% 7.15% 8.98%

Profitability

Metric GCBC SFST Banks Regional median
Gross margin 63.50% 56.20% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 28.14% 16.78% 18.66%
Free cash flow margin 28.50% 16.86% 21.18%
Return on equity 15.88% 9.93% 10.64%
Return on assets 1.32% 0.88% 1.13%
Return on invested capital 21.04% 30.67% 8.33%

Growth

Metric GCBC SFST Banks Regional median
Revenue growth (TTM) 9.67% 8.92% 6.61%
EPS growth (last fiscal year) 31.69% 96.34% —
Revenue growth, 5-year CAGR 16.48% 12.95% 12.30%
Net income growth, 5-year CAGR 11.37% 10.63% 9.71%

Health

Metric GCBC SFST Banks Regional median
Debt to equity 0.02 0.03 0.22
Current ratio 0.65 1.04 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric GCBC SFST Banks Regional median
Dividend yield 1.15% — 3.75%
Payout ratio 0.15 0.00 0.27

Size

Metric GCBC SFST Banks Regional median
Market cap 590.78m 569.82m 921.07m

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