Old Second Bancorp, Inc. (OSBC) vs Univest Corporation of Pennsylvania (UVSP)

Old Second Bancorp, Inc. and Univest Corporation of Pennsylvania are both Banks Regional companies. Old Second Bancorp, Inc. and Univest Corporation of Pennsylvania are of similar size ($1.3B and $1.2B). Univest Corporation of Pennsylvania trades at the lower P/E: 12.1× against 14.0×. Old Second Bancorp, Inc. grew revenue faster over the last twelve months: 33.1% against 2.67%. Old Second Bancorp, Inc. has the higher net margin (20.2% vs 18.9%) and the higher return on invested capital (9.36% vs 8.98%). Both pay a dividend; Univest Corporation of Pennsylvania yields more (4.38% vs 1.60%). Across the 20 metrics below, Old Second Bancorp, Inc. leads on 12 and Univest Corporation of Pennsylvania on 8.

Valuation

Metric OSBC UVSP Banks Regional median
P/E 14.02 12.08 12.15
P/S 2.80 2.24 2.37
P/B 1.42 1.23 1.21
Price to free cash flow 10.10 11.04 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.64 2.06 2.27
Earnings yield 7.13% 8.28% 8.11%
Free cash flow yield 9.91% 9.06% 8.98%

Profitability

Metric OSBC UVSP Banks Regional median
Gross margin 83.46% 65.06% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.22% 18.86% 18.66%
Free cash flow margin 27.71% 20.30% 21.18%
Return on equity 11.40% 10.52% 10.64%
Return on assets 1.47% 1.22% 1.13%
Return on invested capital 9.36% 8.98% 8.33%

Growth

Metric OSBC UVSP Banks Regional median
Revenue growth (TTM) 33.08% 2.67% 6.61%
EPS growth (last fiscal year) (13.37%) 21.32% —
Revenue growth, 5-year CAGR 23.16% 12.93% 12.30%
Net income growth, 5-year CAGR 23.61% 14.14% 9.71%

Health

Metric OSBC UVSP Banks Regional median
Debt to equity 0.08 0.10 0.22
Current ratio 0.91 1.02 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric OSBC UVSP Banks Regional median
Dividend yield 1.60% 4.38% 3.75%
Payout ratio 0.10 0.30 0.27

Size

Metric OSBC UVSP Banks Regional median
Market cap 1.26b 1.15b 921.07m

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