First Internet Bancorp (INBK) vs Peoples Bancorp of North Carolina, Inc. (PEBK)

First Internet Bancorp and Peoples Bancorp of North Carolina, Inc. are both Banks Regional companies. First Internet Bancorp and Peoples Bancorp of North Carolina, Inc. are of similar size ($237.6M and $227.4M). First Internet Bancorp has negative trailing earnings, so its P/E is not meaningful; Peoples Bancorp of North Carolina, Inc. trades at 11.5×. Peoples Bancorp of North Carolina, Inc. grew revenue faster over the last twelve months: 5.26% against −9.20%. Peoples Bancorp of North Carolina, Inc. has the higher net margin (17.3% vs −9.77%) and the higher return on invested capital (14.0% vs −9.59%). Both pay a dividend; Peoples Bancorp of North Carolina, Inc. yields more (2.94% vs 0.77%). Across the 19 metrics below, Peoples Bancorp of North Carolina, Inc. leads on 11 and First Internet Bancorp on 8.

Valuation

Metric INBK PEBK Banks Regional median
P/E n/m 11.50 12.15
P/S 0.72 1.99 2.37
P/B 0.64 1.43 1.21
Price to free cash flow 1.44 11.47 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.51 1.60 2.27
Earnings yield (13.60%) 8.70% 8.11%
Free cash flow yield 69.22% 8.72% 8.98%

Profitability

Metric INBK PEBK Banks Regional median
Gross margin 40.91% 79.44% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (9.77%) 17.25% 18.66%
Free cash flow margin 49.69% 17.33% 21.18%
Return on equity (8.34%) 13.07% 10.64%
Return on assets (0.54%) 1.15% 1.13%
Return on invested capital (9.59%) 13.98% 8.33%

Growth

Metric INBK PEBK Banks Regional median
Revenue growth (TTM) (9.20%) 5.26% 6.61%
EPS growth (last fiscal year) (239.93%) 21.48% —
Revenue growth, 5-year CAGR 13.27% 10.09% 12.30%
Net income growth, 5-year CAGR 0.00% 11.79% 9.71%

Health

Metric INBK PEBK Banks Regional median
Debt to equity 0.95 0.10 0.22
Current ratio 0.88 0.86 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric INBK PEBK Banks Regional median
Dividend yield 0.77% 2.94% 3.75%
Payout ratio 0.14 0.24 0.27

Size

Metric INBK PEBK Banks Regional median
Market cap 227.42m 237.63m 921.07m

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