Home Bancorp, Inc. (HBCP) vs Northrim BanCorp Inc (NRIM)

Home Bancorp, Inc. and Northrim BanCorp Inc are both Banks Regional companies. Home Bancorp, Inc. and Northrim BanCorp Inc are of similar size ($544.4M and $533.0M). Northrim BanCorp Inc trades at the lower P/E: 8.1× against 11.2×. Northrim BanCorp Inc grew revenue faster over the last twelve months: 18.6% against 2.06%. Northrim BanCorp Inc has the higher net margin (26.0% vs 22.2%) and the higher return on invested capital (22.7% vs 11.5%). Both pay a dividend; Northrim BanCorp Inc yields more (5.14% vs 2.75%). Across the 20 metrics below, Northrim BanCorp Inc leads on 17 and Home Bancorp, Inc. on 3.

Valuation

Metric HBCP NRIM Banks Regional median
P/E 11.20 8.06 12.15
P/S 2.50 2.11 2.37
P/B 1.16 1.60 1.21
Price to free cash flow 10.20 3.00 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.86 1.72 2.27
Earnings yield 8.93% 12.41% 8.11%
Free cash flow yield 9.80% 33.33% 8.98%

Profitability

Metric HBCP NRIM Banks Regional median
Gross margin 73.15% 84.21% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.23% 26.03% 18.66%
Free cash flow margin 24.48% 70.70% 21.18%
Return on equity 10.84% 21.49% 10.64%
Return on assets 1.32% 2.06% 1.13%
Return on invested capital 11.49% 22.73% 8.33%

Growth

Metric HBCP NRIM Banks Regional median
Revenue growth (TTM) 2.06% 18.64% 6.61%
EPS growth (last fiscal year) 28.73% 73.41% —
Revenue growth, 5-year CAGR 12.05% 12.79% 12.30%
Net income growth, 5-year CAGR 13.21% 14.46% 9.71%

Health

Metric HBCP NRIM Banks Regional median
Debt to equity 0.12 0.23 0.22
Current ratio 0.97 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric HBCP NRIM Banks Regional median
Dividend yield 2.75% 5.14% 3.75%
Payout ratio 0.19 0.43 0.27

Size

Metric HBCP NRIM Banks Regional median
Market cap 533.01m 544.42m 921.07m

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