OceanFirst Financial Corp. (OCFC) vs Republic Bancorp, Inc. (RBCAA)

OceanFirst Financial Corp. and Republic Bancorp, Inc. are both Banks Regional companies. OceanFirst Financial Corp. and Republic Bancorp, Inc. are of similar size ($1.7B and $1.7B). Republic Bancorp, Inc. trades at the lower P/E: 14.4× against 20.1×. OceanFirst Financial Corp. grew revenue faster over the last twelve months: 10.5% against −2.72%. Republic Bancorp, Inc. has the higher net margin (25.4% vs 6.38%) and the higher return on invested capital (10.6% vs 1.77%). Both pay a dividend; OceanFirst Financial Corp. yields more (5.30% vs 3.06%). Across the 20 metrics below, Republic Bancorp, Inc. leads on 14 and OceanFirst Financial Corp. on 6.

Valuation

Metric OCFC RBCAA Banks Regional median
P/E 20.12 14.39 12.15
P/S 1.60 3.73 2.37
P/B 0.50 1.63 1.21
Price to free cash flow 10.56 13.79 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.35 3.34 2.27
Earnings yield 4.97% 6.95% 8.11%
Free cash flow yield 9.47% 7.25% 8.98%

Profitability

Metric OCFC RBCAA Banks Regional median
Gross margin 58.89% 81.19% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 6.38% 25.38% 18.66%
Free cash flow margin 15.15% 27.05% 21.18%
Return on equity 2.36% 11.55% 10.64%
Return on assets 0.26% 1.82% 1.13%
Return on invested capital 1.77% 10.63% 8.33%

Growth

Metric OCFC RBCAA Banks Regional median
Revenue growth (TTM) 10.49% (2.72%) 6.61%
EPS growth (last fiscal year) (29.09%) 28.98% —
Revenue growth, 5-year CAGR 8.66% 8.97% 12.30%
Net income growth, 5-year CAGR 1.86% 9.54% 9.71%

Health

Metric OCFC RBCAA Banks Regional median
Debt to equity 0.97 0.14 0.22
Current ratio 0.92 1.02 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric OCFC RBCAA Banks Regional median
Dividend yield 5.30% 3.06% 3.75%
Payout ratio 0.33 0.32 0.27

Size

Metric OCFC RBCAA Banks Regional median
Market cap 1.66b 1.65b 921.07m

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