HBT Financial, Inc. (HBT) vs Westamerica Bancorporation (WABC)

HBT Financial, Inc. and Westamerica Bancorporation are both Banks Regional companies. HBT Financial, Inc. and Westamerica Bancorporation are of similar size ($1.4B and $1.3B). Westamerica Bancorporation trades at the lower P/E: 13.4× against 15.5×. HBT Financial, Inc. grew revenue faster over the last twelve months: 13.3% against −8.51%. Westamerica Bancorporation has the higher net margin (41.7% vs 23.4%) and the higher return on invested capital (13.6% vs 8.43%). Both pay a dividend; HBT Financial, Inc. yields more (3.99% vs 3.95%). Across the 20 metrics below, Westamerica Bancorporation leads on 12 and HBT Financial, Inc. on 8.

Valuation

Metric HBT WABC Banks Regional median
P/E 15.49 13.36 12.15
P/S 3.98 5.32 2.37
P/B 1.72 1.66 1.21
Price to free cash flow 17.38 13.02 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.03 4.68 2.27
Earnings yield 6.46% 7.48% 8.11%
Free cash flow yield 5.76% 7.68% 8.98%

Profitability

Metric HBT WABC Banks Regional median
Gross margin 80.95% 94.83% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 23.44% 41.71% 18.66%
Free cash flow margin 22.88% 40.89% 21.18%
Return on equity 11.56% 12.49% 10.64%
Return on assets 1.32% 1.91% 1.13%
Return on invested capital 8.43% 13.63% 8.33%

Growth

Metric HBT WABC Banks Regional median
Revenue growth (TTM) 13.30% (8.51%) 6.61%
EPS growth (last fiscal year) 7.96% (13.08%) —
Revenue growth, 5-year CAGR 13.15% 5.14% 12.30%
Net income growth, 5-year CAGR 15.94% 7.64% 9.71%

Health

Metric HBT WABC Banks Regional median
Debt to equity 0.20 0.15 0.22
Current ratio 0.84 0.20 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric HBT WABC Banks Regional median
Dividend yield 3.99% 3.95% 3.75%
Payout ratio 0.35 0.29 0.27

Size

Metric HBT WABC Banks Regional median
Market cap 1.30b 1.38b 921.07m

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