OFG Bancorp (OFG) vs 1st Source Corporation (SRCE)

OFG Bancorp and 1st Source Corporation are both Banks Regional companies. OFG Bancorp and 1st Source Corporation are of similar size ($2.2B and $2.1B). OFG Bancorp trades at the lower P/E: 10.2× against 12.4×. 1st Source Corporation grew revenue faster over the last twelve months: 4.21% against 3.82%. 1st Source Corporation has the higher net margin (27.8% vs 24.0%) and the lower return on invested capital (10.5% vs 15.0%). Both pay a dividend; 1st Source Corporation yields more (2.70% vs 2.45%). Across the 20 metrics below, 1st Source Corporation leads on 12 and OFG Bancorp on 8.

Valuation

Metric OFG SRCE Banks Regional median
P/E 10.18 12.37 12.15
P/S 2.39 3.41 2.37
P/B 1.56 1.53 1.21
Price to free cash flow 11.95 9.61 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.01 3.35 2.27
Earnings yield 9.82% 8.08% 8.11%
Free cash flow yield 8.37% 10.41% 8.98%

Profitability

Metric OFG SRCE Banks Regional median
Gross margin 81.45% 74.40% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 24.04% 27.81% 18.66%
Free cash flow margin 22.26% 35.44% 21.18%
Return on equity 16.08% 12.97% 10.64%
Return on assets 1.81% 1.84% 1.13%
Return on invested capital 14.96% 10.48% 8.33%

Growth

Metric OFG SRCE Banks Regional median
Revenue growth (TTM) 3.82% 4.21% 6.61%
EPS growth (last fiscal year) 8.27% 19.59% —
Revenue growth, 5-year CAGR 8.62% 10.34% 12.30%
Net income growth, 5-year CAGR 24.78% 14.16% 9.71%

Health

Metric OFG SRCE Banks Regional median
Debt to equity 0.32 0.07 0.22
Current ratio 0.88 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric OFG SRCE Banks Regional median
Dividend yield 2.45% 2.70% 3.75%
Payout ratio 0.22 0.25 0.27

Size

Metric OFG SRCE Banks Regional median
Market cap 2.19b 2.06b 921.07m

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