Hanmi Financial Corporation (HAFC) vs Southside Bancshares, Inc. (SBSI)

Hanmi Financial Corporation and Southside Bancshares, Inc. are both Banks Regional companies. Hanmi Financial Corporation and Southside Bancshares, Inc. are of similar size ($943.7M and $921.1M). Hanmi Financial Corporation trades at the lower P/E: 10.7× against 12.2×. Hanmi Financial Corporation grew revenue faster over the last twelve months: 4.20% against −4.11%. Hanmi Financial Corporation has the higher net margin (19.8% vs 17.6%) and the higher return on invested capital (11.3% vs 5.30%). Both pay a dividend; Hanmi Financial Corporation yields more (6.78% vs 4.90%). Across the 20 metrics below, Hanmi Financial Corporation leads on 19 and Southside Bancshares, Inc. on 1.

Valuation

Metric HAFC SBSI Banks Regional median
P/E 10.74 12.24 12.15
P/S 2.10 2.15 2.37
P/B 1.17 1.05 1.21
Price to free cash flow 4.51 7.28 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.82 2.68 2.27
Earnings yield 9.31% 8.17% 8.11%
Free cash flow yield 22.18% 13.73% 8.98%

Profitability

Metric HAFC SBSI Banks Regional median
Gross margin 63.45% 57.64% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.80% 17.64% 18.66%
Free cash flow margin 46.60% 29.51% 21.18%
Return on equity 11.33% 8.99% 10.64%
Return on assets 1.13% 0.89% 1.13%
Return on invested capital 11.28% 5.30% 8.33%

Growth

Metric HAFC SBSI Banks Regional median
Revenue growth (TTM) 4.20% (4.11%) 6.61%
EPS growth (last fiscal year) 22.44% (21.31%) —
Revenue growth, 5-year CAGR 10.75% 8.28% 12.30%
Net income growth, 5-year CAGR 12.51% (3.38%) 9.71%

Health

Metric HAFC SBSI Banks Regional median
Debt to equity 0.25 0.71 0.22
Current ratio 0.98 0.74 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric HAFC SBSI Banks Regional median
Dividend yield 6.78% 4.90% 3.75%
Payout ratio 0.31 0.41 0.27

Size

Metric HAFC SBSI Banks Regional median
Market cap 943.74m 921.07m 921.07m

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