NB Bancorp, Inc. (NBBK) vs TrustCo Bank Corp NY (TRST)

NB Bancorp, Inc. and TrustCo Bank Corp NY are both Banks Regional companies. NB Bancorp, Inc. and TrustCo Bank Corp NY are of similar size ($958.7M and $918.6M). NB Bancorp, Inc. trades at the lower P/E: 14.9× against 15.6×. NB Bancorp, Inc. grew revenue faster over the last twelve months: 27.9% against 6.12%. TrustCo Bank Corp NY has the higher net margin (22.8% vs 14.3%) and the lower return on invested capital (0.00% vs 10.1%). Across the 17 metrics below, NB Bancorp, Inc. leads on 9 and TrustCo Bank Corp NY on 8.

Valuation

Metric NBBK TRST Banks Regional median
P/E 14.87 15.57 12.15
P/S 2.16 3.40 2.37
P/B 1.07 1.48 1.21
Price to free cash flow 11.50 16.25 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.64 0.96 2.27
Earnings yield 6.73% 6.42% 8.11%
Free cash flow yield 8.70% 6.15% 8.98%

Profitability

Metric NBBK TRST Banks Regional median
Gross margin 62.48% 68.91% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 14.27% 22.76% 18.66%
Free cash flow margin 18.82% 20.92% 21.18%
Return on equity 7.49% 9.65% 10.64%
Return on assets 0.93% 1.01% 1.13%
Return on invested capital 10.08% 0.00% 8.33%

Growth

Metric NBBK TRST Banks Regional median
Revenue growth (TTM) 27.92% 6.12% 6.61%
EPS growth (last fiscal year) 25.23% 26.46% —
Revenue growth, 5-year CAGR — 7.33% 12.30%
Net income growth, 5-year CAGR — 3.11% 9.71%

Health

Metric NBBK TRST Banks Regional median
Debt to equity 0.22 0.00 0.22
Current ratio 1.06 1.03 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric NBBK TRST Banks Regional median
Dividend yield — 5.29% 3.75%
Payout ratio — 0.37 0.27

Size

Metric NBBK TRST Banks Regional median
Market cap 918.64m 958.66m 921.07m

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