Old National Bancorp (ONB) vs SouthState Bank Corporation (SSB)

Old National Bancorp and SouthState Bank Corporation are both Banks Regional companies. Old National Bancorp and SouthState Bank Corporation are of similar size ($9.9B and $9.6B). SouthState Bank Corporation trades at the lower P/E: 10.7× against 11.3×. Old National Bancorp grew revenue faster over the last twelve months: 27.7% against 23.3%. SouthState Bank Corporation has the higher net margin (25.1% vs 21.2%) and the higher return on invested capital (10.5% vs 4.77%). Both pay a dividend; Old National Bancorp yields more (3.61% vs 2.62%). Across the 20 metrics below, SouthState Bank Corporation leads on 14 and Old National Bancorp on 6.

Valuation

Metric ONB SSB Banks Regional median
P/E 11.29 10.71 12.15
P/S 2.37 2.63 2.37
P/B 1.17 1.09 1.21
Price to free cash flow 10.35 9.86 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.87 2.12 2.27
Earnings yield 8.86% 9.34% 8.11%
Free cash flow yield 9.67% 10.14% 8.98%

Profitability

Metric ONB SSB Banks Regional median
Gross margin 68.82% 71.82% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 21.21% 25.09% 18.66%
Free cash flow margin 22.95% 26.69% 21.18%
Return on equity 10.71% 10.60% 10.64%
Return on assets 1.20% 1.41% 1.13%
Return on invested capital 4.77% 10.48% 8.33%

Growth

Metric ONB SSB Banks Regional median
Revenue growth (TTM) 27.66% 23.34% 6.61%
EPS growth (last fiscal year) 6.55% 12.91% —
Revenue growth, 5-year CAGR 32.86% 25.20% 12.30%
Net income growth, 5-year CAGR 23.60% 45.94% 9.71%

Health

Metric ONB SSB Banks Regional median
Debt to equity 0.92 0.06 0.22
Current ratio 0.94 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric ONB SSB Banks Regional median
Dividend yield 3.61% 2.62% 3.75%
Payout ratio 0.25 0.28 0.27

Size

Metric ONB SSB Banks Regional median
Market cap 9.60b 9.88b 921.07m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack