OFG Bancorp (OFG) vs The Bancorp, Inc. (TBBK)

OFG Bancorp and The Bancorp, Inc. are both Banks Regional companies. OFG Bancorp and The Bancorp, Inc. are of similar size ($2.2B and $2.0B). The Bancorp, Inc. trades at the lower P/E: 9.4× against 10.2×. OFG Bancorp grew revenue faster over the last twelve months: 3.82% against 1.28%. The Bancorp, Inc. has the higher net margin (27.7% vs 24.0%) and the higher return on invested capital (22.9% vs 15.0%). Across the 19 metrics below, The Bancorp, Inc. leads on 13 and OFG Bancorp on 6.

Valuation

Metric OFG TBBK Banks Regional median
P/E 10.18 9.38 12.15
P/S 2.39 2.51 2.37
P/B 1.56 2.97 1.21
Price to free cash flow 11.95 9.02 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.01 2.67 2.27
Earnings yield 9.82% 10.66% 8.11%
Free cash flow yield 8.37% 11.09% 8.98%

Profitability

Metric OFG TBBK Banks Regional median
Gross margin 81.45% 80.32% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 24.04% 27.72% 18.66%
Free cash flow margin 22.26% 27.78% 21.18%
Return on equity 16.08% 29.63% 10.64%
Return on assets 1.81% 2.57% 1.13%
Return on invested capital 14.96% 22.91% 8.33%

Growth

Metric OFG TBBK Banks Regional median
Revenue growth (TTM) 3.82% 1.28% 6.61%
EPS growth (last fiscal year) 8.27% 14.69% —
Revenue growth, 5-year CAGR 8.62% 24.39% 12.30%
Net income growth, 5-year CAGR 24.78% 23.30% 9.71%

Health

Metric OFG TBBK Banks Regional median
Debt to equity 0.32 0.30 0.22
Current ratio 0.88 0.88 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric OFG TBBK Banks Regional median
Dividend yield 2.45% — 3.75%
Payout ratio 0.22 0.00 0.27

Size

Metric OFG TBBK Banks Regional median
Market cap 2.19b 2.04b 921.07m

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