ServisFirst Bancshares, Inc. (SFBS) vs TFS Financial Corporation (TFSL)

ServisFirst Bancshares, Inc. and TFS Financial Corporation are both Banks Regional companies. ServisFirst Bancshares, Inc. and TFS Financial Corporation are of similar size ($4.7B and $4.5B). ServisFirst Bancshares, Inc. trades at the lower P/E: 14.1× against 46.4×. TFS Financial Corporation grew revenue faster over the last twelve months: 5.93% against 3.06%. ServisFirst Bancshares, Inc. has the higher net margin (30.9% vs 12.2%) and the higher return on invested capital (44.3% vs 1.12%). Both pay a dividend; TFS Financial Corporation yields more (8.63% vs 2.00%). Across the 20 metrics below, ServisFirst Bancshares, Inc. leads on 17 and TFS Financial Corporation on 3.

Valuation

Metric SFBS TFSL Banks Regional median
P/E 14.08 46.44 12.15
P/S 4.36 5.64 2.37
P/B 2.28 2.38 1.21
Price to free cash flow 9.70 54.04 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.99 11.99 2.27
Earnings yield 7.10% 2.15% 8.11%
Free cash flow yield 10.30% 1.85% 8.98%

Profitability

Metric SFBS TFSL Banks Regional median
Gross margin 60.41% 41.62% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 30.94% 12.17% 18.66%
Free cash flow margin 44.91% 10.45% 21.18%
Return on equity 17.33% 5.23% 10.64%
Return on assets 1.80% 0.57% 1.13%
Return on invested capital 44.30% 1.12% 8.33%

Growth

Metric SFBS TFSL Banks Regional median
Revenue growth (TTM) 3.06% 5.93% 6.61%
EPS growth (last fiscal year) 21.63% 14.29% —
Revenue growth, 5-year CAGR 19.41% 9.26% 12.30%
Net income growth, 5-year CAGR 10.28% 1.83% 9.71%

Health

Metric SFBS TFSL Banks Regional median
Debt to equity 0.02 2.97 0.22
Current ratio 0.98 1.67 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric SFBS TFSL Banks Regional median
Dividend yield 2.00% 8.63% 3.75%
Payout ratio 0.24 3.90 0.27

Size

Metric SFBS TFSL Banks Regional median
Market cap 4.51b 4.69b 921.07m

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