John Marshall Bancorp, Inc. (JMSB) vs NewtekOne, Inc. (NEWT)

John Marshall Bancorp, Inc. and NewtekOne, Inc. are both Banks Regional companies. John Marshall Bancorp, Inc. and NewtekOne, Inc. are of similar size ($326.4M and $323.9M). NewtekOne, Inc. trades at the lower P/E: 5.0× against 13.3×. NewtekOne, Inc. grew revenue faster over the last twelve months: 11.7% against 5.51%. John Marshall Bancorp, Inc. has the higher net margin (20.3% vs 15.2%) and the higher return on invested capital (8.35% vs 5.17%). Both pay a dividend; NewtekOne, Inc. yields more (6.44% vs 1.29%). Across the 21 metrics below, NewtekOne, Inc. leads on 12 and John Marshall Bancorp, Inc. on 9.

Valuation

Metric JMSB NEWT Banks Regional median
P/E 13.35 5.03 12.15
P/S 2.71 0.79 2.37
P/B 1.18 0.88 1.21
Price to free cash flow 15.02 n/m 10.80
EV/EBITDA n/m 12.33 —
EV/Sales 2.39 7.37 2.27
Earnings yield 7.49% 19.89% 8.11%
Free cash flow yield 6.66% (230.43%) 8.98%

Profitability

Metric JMSB NEWT Banks Regional median
Gross margin 56.94% 100.00% 69.57%
Operating margin 0.00% 62.85% 0.00%
Net margin 20.33% 15.20% 18.66%
Free cash flow margin 18.03% (181.88%) 21.18%
Return on equity 9.23% 18.79% 10.64%
Return on assets 1.04% 2.33% 1.13%
Return on invested capital 8.35% 5.17% 8.33%

Growth

Metric JMSB NEWT Banks Regional median
Revenue growth (TTM) 5.51% 11.71% 6.61%
EPS growth (last fiscal year) 24.17% 11.22% —
Revenue growth, 5-year CAGR 14.61% 32.97% 12.30%
Net income growth, 5-year CAGR 2.77% 11.59% 9.71%

Health

Metric JMSB NEWT Banks Regional median
Debt to equity 0.44 6.54 0.22
Current ratio 1.08 0.65 0.94
Net debt to EBITDA 0.00 11.44 0.00

Dividend

Metric JMSB NEWT Banks Regional median
Dividend yield 1.29% 6.44% 3.75%
Payout ratio — 1.55 0.27

Size

Metric JMSB NEWT Banks Regional median
Market cap 323.87m 326.40m 921.07m

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