Ponce Financial Group, Inc. (PDLB) vs West Bancorporation, Inc. (WTBA)

Ponce Financial Group, Inc. and West Bancorporation, Inc. are both Banks Regional companies. Ponce Financial Group, Inc. and West Bancorporation, Inc. are of similar size ($494.8M and $490.3M). West Bancorporation, Inc. trades at the lower P/E: 12.9× against 14.3×. Ponce Financial Group, Inc. grew revenue faster over the last twelve months: 12.5% against 0.14%. West Bancorporation, Inc. has the higher net margin (19.1% vs 16.0%) and the higher return on invested capital (13.8% vs 2.71%). Across the 19 metrics below, Ponce Financial Group, Inc. leads on 13 and West Bancorporation, Inc. on 6.

Valuation

Metric PDLB WTBA Banks Regional median
P/E 14.32 12.92 12.15
P/S 2.29 2.48 2.37
P/B 1.40 1.77 1.21
Price to free cash flow 8.14 10.24 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.65 2.18 2.27
Earnings yield 6.98% 7.74% 8.11%
Free cash flow yield 12.29% 9.77% 8.98%

Profitability

Metric PDLB WTBA Banks Regional median
Gross margin 58.68% 51.49% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 15.96% 19.12% 18.66%
Free cash flow margin 28.18% 24.21% 21.18%
Return on equity 10.33% 14.71% 10.64%
Return on assets 0.98% 0.95% 1.13%
Return on invested capital 2.71% 13.80% 8.33%

Growth

Metric PDLB WTBA Banks Regional median
Revenue growth (TTM) 12.54% 0.14% 6.61%
EPS growth (last fiscal year) 160.87% 35.21% —
Revenue growth, 5-year CAGR 23.97% 12.56% 12.30%
Net income growth, 5-year CAGR 48.24% (0.09%) 9.71%

Health

Metric PDLB WTBA Banks Regional median
Debt to equity 1.11 1.33 0.22
Current ratio 1.34 1.00 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PDLB WTBA Banks Regional median
Dividend yield — 5.66% 3.75%
Payout ratio 0.00 0.49 0.27

Size

Metric PDLB WTBA Banks Regional median
Market cap 490.29m 494.78m 921.07m

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