Rhinebeck Bancorp, Inc. (RBKB) vs SB Financial Group, Inc. (SBFG)

Rhinebeck Bancorp, Inc. and SB Financial Group, Inc. are both Banks Regional companies. Rhinebeck Bancorp, Inc. and SB Financial Group, Inc. are of similar size ($200.9M and $192.2M). SB Financial Group, Inc. trades at the lower P/E: 11.1× against 17.8×. Rhinebeck Bancorp, Inc. grew revenue faster over the last twelve months: 34.3% against 8.95%. SB Financial Group, Inc. has the higher net margin (17.7% vs 13.0%) and the higher return on invested capital (26.8% vs 0.00%). Across the 19 metrics below, SB Financial Group, Inc. leads on 11 and Rhinebeck Bancorp, Inc. on 8.

Valuation

Metric RBKB SBFG Banks Regional median
P/E 17.83 11.14 12.15
P/S 1.83 1.95 2.37
P/B 1.00 1.26 1.21
Price to free cash flow 10.42 8.02 10.80
EV/EBITDA n/m n/m —
EV/Sales (2.05) 0.92 2.27
Earnings yield 5.61% 8.98% 8.11%
Free cash flow yield 9.60% 12.47% 8.98%

Profitability

Metric RBKB SBFG Banks Regional median
Gross margin 70.48% 72.07% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 12.99% 17.67% 18.66%
Free cash flow margin 17.56% 24.35% 21.18%
Return on equity 7.35% 11.95% 10.64%
Return on assets 0.72% 1.08% 1.13%
Return on invested capital 0.00% 26.76% 8.33%

Growth

Metric RBKB SBFG Banks Regional median
Revenue growth (TTM) 34.27% 8.95% 6.61%
EPS growth (last fiscal year) 215.01% 27.33% —
Revenue growth, 5-year CAGR 7.55% 4.59% 12.30%
Net income growth, 5-year CAGR 11.17% (1.33%) 9.71%

Health

Metric RBKB SBFG Banks Regional median
Debt to equity 0.07 0.29 0.22
Current ratio 0.94 0.95 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric RBKB SBFG Banks Regional median
Dividend yield — 3.25% 3.75%
Payout ratio 0.00 0.28 0.27

Size

Metric RBKB SBFG Banks Regional median
Market cap 200.92m 192.15m 921.07m

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