Northwest Bancshares, Inc. (NWBI) vs WaFd, Inc. (WAFD)

Northwest Bancshares, Inc. and WaFd, Inc. are both Banks Regional companies. Northwest Bancshares, Inc. and WaFd, Inc. are of similar size ($2.2B and $2.2B). WaFd, Inc. trades at the lower P/E: 9.2× against 11.1×. Northwest Bancshares, Inc. grew revenue faster over the last twelve months: 13.1% against 0.53%. Northwest Bancshares, Inc. has the higher net margin (20.9% vs 17.0%) and the higher return on invested capital (6.34% vs 4.31%). Both pay a dividend; Northwest Bancshares, Inc. yields more (5.21% vs 3.66%). Across the 18 metrics below, Northwest Bancshares, Inc. leads on 10 and WaFd, Inc. on 8.

Valuation

Metric NWBI WAFD Banks Regional median
P/E 11.12 9.17 12.02
P/S 2.32 1.54 2.36
P/B 1.18 0.81 1.23
Price to free cash flow 16.16 7.84 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.99% 10.90% 8.21%
Free cash flow yield 6.19% 12.75% 9.23%

Profitability

Metric NWBI WAFD Banks Regional median
Gross margin 75.09% 57.45% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.88% 17.01% 18.82%
Free cash flow margin 0.00% 0.00% 17.97%
Return on equity 10.70% 8.87% 10.28%
Return on assets 1.19% 0.89% 1.13%
Return on invested capital 6.34% 4.31% 8.45%

Growth

Metric NWBI WAFD Banks Regional median
Revenue growth (TTM) 13.08% 0.53% 6.37%
EPS growth (last fiscal year) 16.46% 22.05% 18.85%
Revenue growth, 5-year CAGR 9.19% 16.81% 12.65%
Net income growth, 5-year CAGR 10.97% 6.80% 9.81%

Health

Metric NWBI WAFD Banks Regional median
Debt to equity 0.48 0.83 0.17
Current ratio 0.95 0.94 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric NWBI WAFD Banks Regional median
Dividend yield 5.21% 3.66% 2.49%
Payout ratio 0.59 0.34 0.29

Size

Metric NWBI WAFD Banks Regional median
Market cap 2.24b 2.18b 934.85m

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