Peoples Financial Services Corp. (PFIS) vs Washington Trust Bancorp, Inc. (WASH)

Peoples Financial Services Corp. and Washington Trust Bancorp, Inc. are both Banks Regional companies. Peoples Financial Services Corp. and Washington Trust Bancorp, Inc. are of similar size ($738.6M and $693.7M). Peoples Financial Services Corp. trades at the lower P/E: 12.3× against 13.4×. Washington Trust Bancorp, Inc. grew revenue faster over the last twelve months: 24.9% against 0.46%. Peoples Financial Services Corp. has the higher net margin (19.8% vs 14.5%) and the higher return on invested capital (8.38% vs 4.90%). Both pay a dividend; Washington Trust Bancorp, Inc. yields more (8.74% vs 5.64%). Across the 20 metrics below, Peoples Financial Services Corp. leads on 14 and Washington Trust Bancorp, Inc. on 6.

Valuation

Metric PFIS WASH Banks Regional median
P/E 12.30 13.35 12.15
P/S 2.43 1.94 2.37
P/B 1.30 1.34 1.21
Price to free cash flow 14.09 7.73 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.40 2.86 2.27
Earnings yield 8.13% 7.49% 8.11%
Free cash flow yield 7.10% 12.94% 8.98%

Profitability

Metric PFIS WASH Banks Regional median
Gross margin 68.05% 61.25% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.78% 14.50% 18.66%
Free cash flow margin 17.28% 25.09% 21.18%
Return on equity 11.02% 10.25% 10.64%
Return on assets 1.08% 0.83% 1.13%
Return on invested capital 8.38% 4.90% 8.33%

Growth

Metric PFIS WASH Banks Regional median
Revenue growth (TTM) 0.46% 24.92% 6.61%
EPS growth (last fiscal year) 493.94% 266.26% —
Revenue growth, 5-year CAGR 20.50% 7.90% 12.30%
Net income growth, 5-year CAGR 15.06% (5.60%) 9.71%

Health

Metric PFIS WASH Banks Regional median
Debt to equity 0.46 0.86 0.22
Current ratio 0.99 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PFIS WASH Banks Regional median
Dividend yield 5.64% 8.74% 3.75%
Payout ratio 0.32 0.65 0.27

Size

Metric PFIS WASH Banks Regional median
Market cap 693.72m 738.56m 921.07m

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