Seacoast Banking Corporation of Florida (SBCF) vs Towne Bank (TOWN)

Seacoast Banking Corporation of Florida and Towne Bank are both Banks Regional companies. Seacoast Banking Corporation of Florida and Towne Bank are of similar size ($3.4B and $3.2B). Towne Bank trades at the lower P/E: 10.2× against 20.8×. Towne Bank grew revenue faster over the last twelve months: 36.6% against 23.7%. Towne Bank has the higher net margin (22.3% vs 14.9%) and the higher return on invested capital (19.6% vs 4.87%). Both pay a dividend; Towne Bank yields more (3.78% vs 3.06%). Across the 20 metrics below, Towne Bank leads on 14 and Seacoast Banking Corporation of Florida on 6.

Valuation

Metric SBCF TOWN Banks Regional median
P/E 20.77 10.16 12.15
P/S 3.08 2.34 2.37
P/B 1.17 1.12 1.21
Price to free cash flow 15.39 25.31 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.59 1.16 2.27
Earnings yield 4.81% 9.85% 8.11%
Free cash flow yield 6.50% 3.95% 8.98%

Profitability

Metric SBCF TOWN Banks Regional median
Gross margin 70.94% 79.29% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 14.85% 22.33% 18.66%
Free cash flow margin 20.04% 9.26% 21.18%
Return on equity 6.13% 12.18% 10.64%
Return on assets 0.82% 1.56% 1.13%
Return on invested capital 4.87% 19.56% 8.33%

Growth

Metric SBCF TOWN Banks Regional median
Revenue growth (TTM) 23.66% 36.61% 6.61%
EPS growth (last fiscal year) 11.27% 2.79% —
Revenue growth, 5-year CAGR 21.83% 8.48% 12.30%
Net income growth, 5-year CAGR 12.53% 3.10% 9.71%

Health

Metric SBCF TOWN Banks Regional median
Debt to equity 0.35 0.04 0.22
Current ratio 0.78 0.90 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric SBCF TOWN Banks Regional median
Dividend yield 3.06% 3.78% 3.75%
Payout ratio 0.52 0.39 0.27

Size

Metric SBCF TOWN Banks Regional median
Market cap 3.18b 3.36b 921.07m

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