Horizon Bancorp (IN) (HBNC) vs Univest Corporation of Pennsylvania (UVSP)

Horizon Bancorp (IN) and Univest Corporation of Pennsylvania are both Banks Regional companies. Horizon Bancorp (IN) and Univest Corporation of Pennsylvania are of similar size ($1.1B and $1.1B). Horizon Bancorp (IN) has negative trailing earnings, so its P/E is not meaningful; Univest Corporation of Pennsylvania trades at 11.9×. Univest Corporation of Pennsylvania grew revenue faster over the last twelve months: 2.37% against −74.2%. Univest Corporation of Pennsylvania has the higher net margin (18.0% vs −149.0%) and the higher return on invested capital (0.00% vs −17.9%). Both pay a dividend; Horizon Bancorp (IN) yields more (3.06% vs 1.69%). Across the 18 metrics below, Univest Corporation of Pennsylvania leads on 16 and Horizon Bancorp (IN) on 2.

Valuation

Metric HBNC UVSP Banks Regional median
P/E n/m 11.89 12.02
P/S 11.04 2.10 2.36
P/B 1.47 1.16 1.23
Price to free cash flow 11.34 9.18 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (15.13%) 8.41% 8.21%
Free cash flow yield 8.82% 10.90% 9.23%

Profitability

Metric HBNC UVSP Banks Regional median
Gross margin (13.47%) 65.91% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin (148.95%) 17.95% 18.82%
Free cash flow margin 97.31% 23.44% 17.97%
Return on equity (18.98%) 10.03% 10.28%
Return on assets (2.02%) 1.10% 1.13%
Return on invested capital (17.93%) 0.00% 8.45%

Growth

Metric HBNC UVSP Banks Regional median
Revenue growth (TTM) (74.21%) 2.37% 6.37%
EPS growth (last fiscal year) (493.75%) 21.32% 18.85%
Revenue growth, 5-year CAGR (16.35%) 12.93% 12.65%
Net income growth, 5-year CAGR 0.00% 14.14% 9.81%

Health

Metric HBNC UVSP Banks Regional median
Debt to equity 0.22 0.00 0.17
Current ratio 0.92 1.02 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric HBNC UVSP Banks Regional median
Dividend yield 3.06% 1.69% 2.49%
Payout ratio — 0.20 0.29

Size

Metric HBNC UVSP Banks Regional median
Market cap 1.07b 1.09b 934.85m

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