Hanmi Financial Corporation (HAFC) vs Mid Penn Bancorp (MPB)

Hanmi Financial Corporation and Mid Penn Bancorp are both Banks Regional companies. Hanmi Financial Corporation and Mid Penn Bancorp are of similar size ($943.7M and $917.1M). Hanmi Financial Corporation trades at the lower P/E: 10.7× against 12.7×. Mid Penn Bancorp grew revenue faster over the last twelve months: 20.7% against 4.20%. Hanmi Financial Corporation has the higher net margin (19.8% vs 17.6%) and the higher return on invested capital (11.3% vs 7.59%). Both pay a dividend; Hanmi Financial Corporation yields more (6.78% vs 4.04%). Across the 20 metrics below, Hanmi Financial Corporation leads on 14 and Mid Penn Bancorp on 6.

Valuation

Metric HAFC MPB Banks Regional median
P/E 10.74 12.72 12.15
P/S 2.10 2.37 2.37
P/B 1.17 1.02 1.21
Price to free cash flow 4.51 12.12 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.82 2.16 2.27
Earnings yield 9.31% 7.86% 8.11%
Free cash flow yield 22.18% 8.25% 8.98%

Profitability

Metric HAFC MPB Banks Regional median
Gross margin 63.45% 68.14% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.80% 17.55% 18.66%
Free cash flow margin 46.60% 19.58% 21.18%
Return on equity 11.33% 8.12% 10.64%
Return on assets 1.13% 1.02% 1.13%
Return on invested capital 11.28% 7.59% 8.33%

Growth

Metric HAFC MPB Banks Regional median
Revenue growth (TTM) 4.20% 20.72% 6.61%
EPS growth (last fiscal year) 22.44% (12.07%) —
Revenue growth, 5-year CAGR 10.75% 22.74% 12.30%
Net income growth, 5-year CAGR 12.51% 16.50% 9.71%

Health

Metric HAFC MPB Banks Regional median
Debt to equity 0.25 0.00 0.22
Current ratio 0.98 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric HAFC MPB Banks Regional median
Dividend yield 6.78% 4.04% 3.75%
Payout ratio 0.31 0.27 0.27

Size

Metric HAFC MPB Banks Regional median
Market cap 943.74m 917.13m 921.07m

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