Horizon Bancorp (IN) (HBNC) vs TrustCo Bank Corp NY (TRST)

Horizon Bancorp (IN) and TrustCo Bank Corp NY are both Banks Regional companies. Horizon Bancorp (IN) and TrustCo Bank Corp NY are of similar size ($986.8M and $958.7M). Horizon Bancorp (IN) has negative trailing earnings, so its P/E is not meaningful; TrustCo Bank Corp NY trades at 15.6×. TrustCo Bank Corp NY grew revenue faster over the last twelve months: 6.12% against −74.2%. TrustCo Bank Corp NY has the higher net margin (22.8% vs −149.0%) and the higher return on invested capital (0.00% vs −17.9%). Both pay a dividend; Horizon Bancorp (IN) yields more (5.37% vs 5.29%). Across the 19 metrics below, TrustCo Bank Corp NY leads on 14 and Horizon Bancorp (IN) on 5.

Valuation

Metric HBNC TRST Banks Regional median
P/E n/m 15.57 12.15
P/S 10.20 3.40 2.37
P/B 1.36 1.48 1.21
Price to free cash flow 10.49 16.25 10.80
EV/EBITDA n/m n/m —
EV/Sales 9.56 0.96 2.27
Earnings yield (16.36%) 6.42% 8.11%
Free cash flow yield 9.54% 6.15% 8.98%

Profitability

Metric HBNC TRST Banks Regional median
Gross margin (13.47%) 68.91% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (148.95%) 22.76% 18.66%
Free cash flow margin 97.31% 20.92% 21.18%
Return on equity (18.98%) 9.65% 10.64%
Return on assets (2.02%) 1.01% 1.13%
Return on invested capital (17.93%) 0.00% 8.33%

Growth

Metric HBNC TRST Banks Regional median
Revenue growth (TTM) (74.21%) 6.12% 6.61%
EPS growth (last fiscal year) (493.75%) 26.46% —
Revenue growth, 5-year CAGR (16.35%) 7.33% 12.30%
Net income growth, 5-year CAGR 0.00% 3.11% 9.71%

Health

Metric HBNC TRST Banks Regional median
Debt to equity 0.22 0.00 0.22
Current ratio 0.92 1.03 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric HBNC TRST Banks Regional median
Dividend yield 5.37% 5.29% 3.75%
Payout ratio 0.34 0.37 0.27

Size

Metric HBNC TRST Banks Regional median
Market cap 986.84m 958.66m 921.07m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack