First Internet Bancorp (INBK) vs OP Bancorp (OPBK)

First Internet Bancorp and OP Bancorp are both Banks Regional companies. First Internet Bancorp and OP Bancorp are of similar size ($227.4M and $225.6M). First Internet Bancorp has negative trailing earnings, so its P/E is not meaningful; OP Bancorp trades at 7.8×. OP Bancorp grew revenue faster over the last twelve months: 7.14% against −9.20%. OP Bancorp has the higher net margin (16.9% vs −9.77%) and the higher return on invested capital (15.4% vs −9.59%). Both pay a dividend; OP Bancorp yields more (4.96% vs 0.77%). Across the 19 metrics below, OP Bancorp leads on 13 and First Internet Bancorp on 6.

Valuation

Metric INBK OPBK Banks Regional median
P/E n/m 7.78 12.15
P/S 0.72 1.32 2.37
P/B 0.64 0.95 1.21
Price to free cash flow 1.44 8.38 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.51 0.88 2.27
Earnings yield (13.60%) 12.85% 8.11%
Free cash flow yield 69.22% 11.94% 8.98%

Profitability

Metric INBK OPBK Banks Regional median
Gross margin 40.91% 57.65% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (9.77%) 16.90% 18.66%
Free cash flow margin 49.69% 15.72% 21.18%
Return on equity (8.34%) 12.83% 10.64%
Return on assets (0.54%) 1.09% 1.13%
Return on invested capital (9.59%) 15.37% 8.33%

Growth

Metric INBK OPBK Banks Regional median
Revenue growth (TTM) (9.20%) 7.14% 6.61%
EPS growth (last fiscal year) (239.93%) 23.74% —
Revenue growth, 5-year CAGR 13.27% 20.94% 12.30%
Net income growth, 5-year CAGR 0.00% 14.67% 9.71%

Health

Metric INBK OPBK Banks Regional median
Debt to equity 0.95 0.42 0.22
Current ratio 0.88 1.02 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric INBK OPBK Banks Regional median
Dividend yield 0.77% 4.96% 3.75%
Payout ratio 0.14 0.25 0.27

Size

Metric INBK OPBK Banks Regional median
Market cap 227.42m 225.63m 921.07m

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