Northpointe Bancshares, Inc. (NPB) vs West Bancorporation, Inc. (WTBA)

Northpointe Bancshares, Inc. and West Bancorporation, Inc. are both Banks Regional companies. Northpointe Bancshares, Inc. and West Bancorporation, Inc. are of similar size ($530.8M and $494.8M). Northpointe Bancshares, Inc. trades at the lower P/E: 6.5× against 12.9×. Northpointe Bancshares, Inc. grew revenue faster over the last twelve months: 19.7% against 0.14%. West Bancorporation, Inc. has the higher net margin (19.1% vs 16.1%) and the higher return on invested capital (13.8% vs 4.38%). Across the 17 metrics below, Northpointe Bancshares, Inc. leads on 9 and West Bancorporation, Inc. on 8.

Valuation

Metric NPB WTBA Banks Regional median
P/E 6.54 12.92 12.15
P/S 1.05 2.48 2.37
P/B 0.87 1.77 1.21
Price to free cash flow 5.20 10.24 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.21 2.18 2.27
Earnings yield 15.29% 7.74% 8.11%
Free cash flow yield 19.24% 9.77% 8.98%

Profitability

Metric NPB WTBA Banks Regional median
Gross margin 50.82% 51.49% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 16.10% 19.12% 18.66%
Free cash flow margin 20.29% 24.21% 21.18%
Return on equity 13.41% 14.71% 10.64%
Return on assets 1.17% 0.95% 1.13%
Return on invested capital 4.38% 13.80% 8.33%

Growth

Metric NPB WTBA Banks Regional median
Revenue growth (TTM) 19.68% 0.14% 6.61%
EPS growth (last fiscal year) 15.30% 35.21% —
Revenue growth, 5-year CAGR — 12.56% 12.30%
Net income growth, 5-year CAGR — (0.09%) 9.71%

Health

Metric NPB WTBA Banks Regional median
Debt to equity 2.66 1.33 0.22
Current ratio 1.40 1.00 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric NPB WTBA Banks Regional median
Dividend yield — 5.66% 3.75%
Payout ratio — 0.49 0.27

Size

Metric NPB WTBA Banks Regional median
Market cap 530.83m 494.78m 921.07m

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