First Internet Bancorp (INBK) vs Ohio Valley Banc Corp. (OVBC)

First Internet Bancorp and Ohio Valley Banc Corp. are both Banks Regional companies. First Internet Bancorp and Ohio Valley Banc Corp. are of similar size ($226.6M and $217.2M). First Internet Bancorp has negative trailing earnings, so its P/E is not meaningful; Ohio Valley Banc Corp. trades at 15.3×. Ohio Valley Banc Corp. grew revenue faster over the last twelve months: 6.17% against −9.20%. Ohio Valley Banc Corp. has the higher net margin (14.3% vs −9.77%) and the higher return on invested capital (7.55% vs −9.59%). Both pay a dividend; Ohio Valley Banc Corp. yields more (2.09% vs 0.94%). Across the 18 metrics below, Ohio Valley Banc Corp. leads on 13 and First Internet Bancorp on 5.

Valuation

Metric INBK OVBC Banks Regional median
P/E n/m 15.28 11.98
P/S 0.70 2.18 2.34
P/B 0.62 1.25 1.19
Price to free cash flow 1.40 4.08 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (13.99%) 6.54% 8.23%
Free cash flow yield 71.19% 24.52% 9.08%

Profitability

Metric INBK OVBC Banks Regional median
Gross margin 40.91% 69.79% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin (9.77%) 14.31% 18.66%
Free cash flow margin 49.69% 53.49% 21.11%
Return on equity (8.34%) 8.50% 10.65%
Return on assets (0.54%) 0.90% 1.13%
Return on invested capital (9.59%) 7.55% 8.35%

Growth

Metric INBK OVBC Banks Regional median
Revenue growth (TTM) (9.20%) 6.17% 6.98%
EPS growth (last fiscal year) (239.93%) 42.67% 18.88%
Revenue growth, 5-year CAGR 13.27% 10.34% 12.38%
Net income growth, 5-year CAGR 0.00% 8.75% 9.71%

Health

Metric INBK OVBC Banks Regional median
Debt to equity 0.95 0.29 0.22
Current ratio 0.88 0.93 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric INBK OVBC Banks Regional median
Dividend yield 0.94% 2.09% 2.57%
Payout ratio — 0.32 0.30

Size

Metric INBK OVBC Banks Regional median
Market cap 226.55m 217.23m 913.33m

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