Isabella Bank Corporation (ISBA) vs Waterstone Financial, Inc. (WSBF)

Isabella Bank Corporation and Waterstone Financial, Inc. are both Banks Regional companies. Isabella Bank Corporation and Waterstone Financial, Inc. are of similar size ($360.6M and $345.0M). Waterstone Financial, Inc. trades at the lower P/E: 11.5× against 13.9×. Isabella Bank Corporation grew revenue faster over the last twelve months: 11.4% against 4.47%. Isabella Bank Corporation has the higher net margin (17.5% vs 14.6%) and the higher return on invested capital (12.5% vs 7.61%). Both pay a dividend; Waterstone Financial, Inc. yields more (3.31% vs 2.80%). Across the 19 metrics below, Waterstone Financial, Inc. leads on 11 and Isabella Bank Corporation on 8.

Valuation

Metric ISBA WSBF Banks Regional median
P/E 13.92 11.54 12.02
P/S 2.51 1.65 2.36
P/B 1.24 0.97 1.23
Price to free cash flow 11.21 7.06 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.19% 8.67% 8.21%
Free cash flow yield 8.92% 14.17% 9.23%

Profitability

Metric ISBA WSBF Banks Regional median
Gross margin 72.87% 72.71% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 17.50% 14.58% 18.82%
Free cash flow margin 22.35% 20.71% 17.97%
Return on equity 9.02% 8.69% 10.28%
Return on assets 0.95% 1.33% 1.13%
Return on invested capital 12.45% 7.61% 8.45%

Growth

Metric ISBA WSBF Banks Regional median
Revenue growth (TTM) 11.39% 4.47% 6.37%
EPS growth (last fiscal year) 37.63% 46.53% 18.85%
Revenue growth, 5-year CAGR 7.34% (9.00%) 12.65%
Net income growth, 5-year CAGR 11.68% (20.11%) 9.81%

Health

Metric ISBA WSBF Banks Regional median
Debt to equity 0.12 0.00 0.17
Current ratio 0.85 1.01 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric ISBA WSBF Banks Regional median
Dividend yield 2.80% 3.31% 2.49%
Payout ratio 0.39 0.38 0.29

Size

Metric ISBA WSBF Banks Regional median
Market cap 344.95m 360.62m 934.85m

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