Lakeland Financial Corporation (LKFN) vs Westamerica Bancorporation (WABC)

Lakeland Financial Corporation and Westamerica Bancorporation are both Banks Regional companies. Lakeland Financial Corporation and Westamerica Bancorporation are of similar size ($1.4B and $1.4B). Lakeland Financial Corporation trades at the lower P/E: 13.3× against 13.5×. Lakeland Financial Corporation grew revenue faster over the last twelve months: 1.83% against −8.51%. Westamerica Bancorporation has the higher net margin (41.7% vs 26.0%) and the lower return on invested capital (13.6% vs 14.6%). Both pay a dividend; Lakeland Financial Corporation yields more (3.55% vs 3.07%). Across the 19 metrics below, Lakeland Financial Corporation leads on 13 and Westamerica Bancorporation on 6.

Valuation

Metric LKFN WABC Banks Regional median
P/E 13.27 13.50 11.98
P/S 3.40 5.38 2.34
P/B 1.88 1.67 1.19
Price to free cash flow 13.02 13.15 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.53% 7.41% 8.23%
Free cash flow yield 7.68% 7.61% 9.08%

Profitability

Metric LKFN WABC Banks Regional median
Gross margin 65.42% 94.83% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.04% 41.71% 18.66%
Free cash flow margin 26.15% 40.89% 21.11%
Return on equity 15.00% 12.49% 10.65%
Return on assets 1.57% 1.91% 1.13%
Return on invested capital 14.61% 13.63% 8.35%

Growth

Metric LKFN WABC Banks Regional median
Revenue growth (TTM) 1.83% (8.51%) 6.98%
EPS growth (last fiscal year) 10.47% (13.08%) 18.88%
Revenue growth, 5-year CAGR 11.94% 5.14% 12.38%
Net income growth, 5-year CAGR 4.15% 7.64% 9.71%

Health

Metric LKFN WABC Banks Regional median
Debt to equity 0.00 0.15 0.22
Current ratio 0.90 0.20 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric LKFN WABC Banks Regional median
Dividend yield 3.55% 3.07% 2.57%
Payout ratio 0.47 0.41 0.30

Size

Metric LKFN WABC Banks Regional median
Market cap 1.44b 1.41b 913.33m

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