Peoples Bancorp Inc. (PEBO) vs Westamerica Bancorporation (WABC)

Peoples Bancorp Inc. and Westamerica Bancorporation are both Banks Regional companies. Peoples Bancorp Inc. and Westamerica Bancorporation are of similar size ($1.4B and $1.4B). Peoples Bancorp Inc. trades at the lower P/E: 11.7× against 13.4×. Peoples Bancorp Inc. grew revenue faster over the last twelve months: −0.12% against −8.51%. Westamerica Bancorporation has the higher net margin (41.7% vs 19.2%) and the higher return on invested capital (13.6% vs 7.67%). Both pay a dividend; Peoples Bancorp Inc. yields more (5.66% vs 3.95%). Across the 20 metrics below, Peoples Bancorp Inc. leads on 14 and Westamerica Bancorporation on 6.

Valuation

Metric PEBO WABC Banks Regional median
P/E 11.74 13.36 12.15
P/S 2.24 5.32 2.37
P/B 1.12 1.66 1.21
Price to free cash flow 10.11 13.02 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.20 4.68 2.27
Earnings yield 8.52% 7.48% 8.11%
Free cash flow yield 9.89% 7.68% 8.98%

Profitability

Metric PEBO WABC Banks Regional median
Gross margin 75.31% 94.83% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.17% 41.71% 18.66%
Free cash flow margin 22.13% 40.89% 21.18%
Return on equity 9.89% 12.49% 10.64%
Return on assets 1.24% 1.91% 1.13%
Return on invested capital 7.67% 13.63% 8.33%

Growth

Metric PEBO WABC Banks Regional median
Revenue growth (TTM) (0.12%) (8.51%) 6.61%
EPS growth (last fiscal year) (9.67%) (13.08%) —
Revenue growth, 5-year CAGR 22.87% 5.14% 12.30%
Net income growth, 5-year CAGR 25.16% 7.64% 9.71%

Health

Metric PEBO WABC Banks Regional median
Debt to equity 0.13 0.15 0.22
Current ratio 0.85 0.20 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PEBO WABC Banks Regional median
Dividend yield 5.66% 3.95% 3.75%
Payout ratio 0.44 0.29 0.27

Size

Metric PEBO WABC Banks Regional median
Market cap 1.40b 1.38b 921.07m

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