International Bancshares Corporation (IBOC) vs ServisFirst Bancshares, Inc. (SFBS)

International Bancshares Corporation and ServisFirst Bancshares, Inc. are both Banks Regional companies. International Bancshares Corporation and ServisFirst Bancshares, Inc. are of similar size ($4.5B and $4.3B). International Bancshares Corporation trades at the lower P/E: 10.5× against 14.1×. ServisFirst Bancshares, Inc. grew revenue faster over the last twelve months: 3.06% against 2.08%. International Bancshares Corporation has the higher net margin (38.8% vs 30.9%) and the lower return on invested capital (10.8% vs 44.3%). Both pay a dividend; International Bancshares Corporation yields more (2.39% vs 2.00%). Across the 20 metrics below, International Bancshares Corporation leads on 11 and ServisFirst Bancshares, Inc. on 9.

Valuation

Metric IBOC SFBS Banks Regional median
P/E 10.53 14.08 12.15
P/S 4.09 4.36 2.37
P/B 1.29 2.28 1.21
Price to free cash flow 9.60 9.70 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.77 2.99 2.27
Earnings yield 9.49% 7.10% 8.11%
Free cash flow yield 10.41% 10.30% 8.98%

Profitability

Metric IBOC SFBS Banks Regional median
Gross margin 80.72% 60.41% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 38.83% 30.94% 18.66%
Free cash flow margin 42.55% 44.91% 21.18%
Return on equity 12.92% 17.33% 10.64%
Return on assets 2.47% 1.80% 1.13%
Return on invested capital 10.76% 44.30% 8.33%

Growth

Metric IBOC SFBS Banks Regional median
Revenue growth (TTM) 2.08% 3.06% 6.61%
EPS growth (last fiscal year) 0.76% 21.63% —
Revenue growth, 5-year CAGR 12.83% 19.41% 12.30%
Net income growth, 5-year CAGR 19.77% 10.28% 9.71%

Health

Metric IBOC SFBS Banks Regional median
Debt to equity 0.04 0.02 0.22
Current ratio 0.77 0.98 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric IBOC SFBS Banks Regional median
Dividend yield 2.39% 2.00% 3.75%
Payout ratio 0.20 0.24 0.27

Size

Metric IBOC SFBS Banks Regional median
Market cap 4.32b 4.51b 921.07m

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