Landmark Bancorp Inc. (LARK) vs Rhinebeck Bancorp, Inc. (RBKB)

Landmark Bancorp Inc. and Rhinebeck Bancorp, Inc. are both Banks Regional companies. Landmark Bancorp Inc. and Rhinebeck Bancorp, Inc. are of similar size ($200.9M and $191.1M). Landmark Bancorp Inc. trades at the lower P/E: 9.7× against 17.8×. Rhinebeck Bancorp, Inc. grew revenue faster over the last twelve months: 34.3% against 6.39%. Landmark Bancorp Inc. has the higher net margin (20.6% vs 13.0%) and the higher return on invested capital (6.52% vs 0.00%). Across the 19 metrics below, Landmark Bancorp Inc. leads on 11 and Rhinebeck Bancorp, Inc. on 8.

Valuation

Metric LARK RBKB Banks Regional median
P/E 9.69 17.83 12.15
P/S 1.99 1.83 2.37
P/B 1.17 1.00 1.21
Price to free cash flow 8.32 10.42 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.74 (2.05) 2.27
Earnings yield 10.32% 5.61% 8.11%
Free cash flow yield 12.02% 9.60% 8.98%

Profitability

Metric LARK RBKB Banks Regional median
Gross margin 76.42% 70.48% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.56% 12.99% 18.66%
Free cash flow margin 23.94% 17.56% 21.18%
Return on equity 12.77% 7.35% 10.64%
Return on assets 1.25% 0.72% 1.13%
Return on invested capital 6.52% 0.00% 8.33%

Growth

Metric LARK RBKB Banks Regional median
Revenue growth (TTM) 6.39% 34.27% 6.61%
EPS growth (last fiscal year) 42.63% 215.01% —
Revenue growth, 5-year CAGR 7.58% 7.55% 12.30%
Net income growth, 5-year CAGR (0.75%) 11.17% 9.71%

Health

Metric LARK RBKB Banks Regional median
Debt to equity 0.63 0.07 0.22
Current ratio 0.87 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric LARK RBKB Banks Regional median
Dividend yield 4.23% — 3.75%
Payout ratio 0.41 0.00 0.27

Size

Metric LARK RBKB Banks Regional median
Market cap 191.07m 200.92m 921.07m

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