Park National Corporation (PRK) vs Seacoast Banking Corporation of Florida (SBCF)

Park National Corporation and Seacoast Banking Corporation of Florida are both Banks Regional companies. Park National Corporation and Seacoast Banking Corporation of Florida are of similar size ($3.3B and $3.2B). Park National Corporation trades at the lower P/E: 16.2× against 20.8×. Seacoast Banking Corporation of Florida grew revenue faster over the last twelve months: 23.7% against 11.6%. Park National Corporation has the higher net margin (25.8% vs 14.9%) and the higher return on invested capital (12.8% vs 4.87%). Both pay a dividend; Park National Corporation yields more (3.29% vs 3.06%). Across the 20 metrics below, Park National Corporation leads on 12 and Seacoast Banking Corporation of Florida on 8.

Valuation

Metric PRK SBCF Banks Regional median
P/E 16.18 20.77 12.15
P/S 4.45 3.08 2.37
P/B 1.90 1.17 1.21
Price to free cash flow 17.83 15.39 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.69 3.59 2.27
Earnings yield 6.18% 4.81% 8.11%
Free cash flow yield 5.61% 6.50% 8.98%

Profitability

Metric PRK SBCF Banks Regional median
Gross margin 84.51% 70.94% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 25.77% 14.85% 18.66%
Free cash flow margin 24.96% 20.04% 21.18%
Return on equity 12.59% 6.13% 10.64%
Return on assets 1.68% 0.82% 1.13%
Return on invested capital 12.81% 4.87% 8.33%

Growth

Metric PRK SBCF Banks Regional median
Revenue growth (TTM) 11.57% 23.66% 6.61%
EPS growth (last fiscal year) 19.21% 11.27% —
Revenue growth, 5-year CAGR 6.57% 21.83% 12.30%
Net income growth, 5-year CAGR 7.08% 12.53% 9.71%

Health

Metric PRK SBCF Banks Regional median
Debt to equity 0.00 0.35 0.22
Current ratio 0.95 0.78 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PRK SBCF Banks Regional median
Dividend yield 3.29% 3.06% 3.75%
Payout ratio 0.49 0.52 0.27

Size

Metric PRK SBCF Banks Regional median
Market cap 3.26b 3.18b 921.07m

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