Nicolet Bankshares Inc. (NIC) vs Simmons First National Corporation (SFNC)

Nicolet Bankshares Inc. and Simmons First National Corporation are both Banks Regional companies. Nicolet Bankshares Inc. and Simmons First National Corporation are of similar size ($3.5B and $3.4B). Simmons First National Corporation has negative trailing earnings, so its P/E is not meaningful; Nicolet Bankshares Inc. trades at 18.6×. Nicolet Bankshares Inc. grew revenue faster over the last twelve months: 31.6% against −56.9%. Nicolet Bankshares Inc. has the higher net margin (21.8% vs −56.5%) and the higher return on invested capital (8.02% vs −6.96%). Both pay a dividend; Simmons First National Corporation yields more (4.69% vs 1.35%). Across the 19 metrics below, Nicolet Bankshares Inc. leads on 13 and Simmons First National Corporation on 6.

Valuation

Metric NIC SFNC Banks Regional median
P/E 18.63 n/m 12.15
P/S 5.04 5.44 2.37
P/B 1.57 0.97 1.21
Price to free cash flow 19.88 6.82 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.52 6.50 2.27
Earnings yield 5.37% (10.93%) 8.11%
Free cash flow yield 5.03% 14.65% 8.98%

Profitability

Metric NIC SFNC Banks Regional median
Gross margin 73.37% 27.41% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 21.77% (56.54%) 18.66%
Free cash flow margin 25.38% 79.79% 21.18%
Return on equity 8.91% (9.94%) 10.64%
Return on assets 1.27% (1.36%) 1.13%
Return on invested capital 8.02% (6.96%) 8.33%

Growth

Metric NIC SFNC Banks Regional median
Revenue growth (TTM) 31.61% (56.85%) 6.61%
EPS growth (last fiscal year) 21.49% (343.80%) —
Revenue growth, 5-year CAGR 21.31% (8.88%) 12.30%
Net income growth, 5-year CAGR 20.17% 0.00% 9.71%

Health

Metric NIC SFNC Banks Regional median
Debt to equity 0.04 0.36 0.22
Current ratio 0.90 0.93 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric NIC SFNC Banks Regional median
Dividend yield 1.35% 4.69% 3.75%
Payout ratio 0.00 0.37 0.27

Size

Metric NIC SFNC Banks Regional median
Market cap 3.51b 3.38b 921.07m

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