Peapack-Gladstone Financial Corporation (PGC) vs South Plains Financial, Inc. (SPFI)

Peapack-Gladstone Financial Corporation and South Plains Financial, Inc. are both Banks Regional companies. Peapack-Gladstone Financial Corporation and South Plains Financial, Inc. are of similar size ($807.3M and $794.6M). South Plains Financial, Inc. trades at the lower P/E: 11.3× against 15.4×. Peapack-Gladstone Financial Corporation grew revenue faster over the last twelve months: 10.3% against 6.59%. South Plains Financial, Inc. has the higher net margin (20.8% vs 11.0%) and the lower return on invested capital (0.00% vs 9.80%). Both pay a dividend; South Plains Financial, Inc. yields more (2.08% vs 0.85%). Across the 20 metrics below, Peapack-Gladstone Financial Corporation leads on 10 and South Plains Financial, Inc. on 10.

Valuation

Metric PGC SPFI Banks Regional median
P/E 15.36 11.26 12.15
P/S 1.70 2.62 2.37
P/B 1.16 1.30 1.21
Price to free cash flow 7.81 10.87 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.16 0.30 2.27
Earnings yield 6.51% 8.88% 8.11%
Free cash flow yield 12.80% 9.20% 8.98%

Profitability

Metric PGC SPFI Banks Regional median
Gross margin 67.79% 72.40% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 11.04% 20.79% 18.66%
Free cash flow margin 21.80% 24.14% 21.18%
Return on equity 7.86% 12.01% 10.64%
Return on assets 0.68% 1.33% 1.13%
Return on invested capital 9.80% 0.00% 8.33%

Growth

Metric PGC SPFI Banks Regional median
Revenue growth (TTM) 10.31% 6.59% 6.61%
EPS growth (last fiscal year) 13.51% 17.81% —
Revenue growth, 5-year CAGR 14.34% 4.36% 12.30%
Net income growth, 5-year CAGR 7.34% 5.21% 9.71%

Health

Metric PGC SPFI Banks Regional median
Debt to equity 0.00 0.10 0.22
Current ratio 0.97 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PGC SPFI Banks Regional median
Dividend yield 0.85% 2.08% 3.75%
Payout ratio 0.05 0.13 0.27

Size

Metric PGC SPFI Banks Regional median
Market cap 794.57m 807.26m 921.07m

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