Shore Bancshares Inc (SHBI) vs South Plains Financial, Inc. (SPFI)

Shore Bancshares Inc and South Plains Financial, Inc. are both Banks Regional companies. Shore Bancshares Inc and South Plains Financial, Inc. are of similar size ($807.3M and $764.9M). South Plains Financial, Inc. trades at the lower P/E: 11.3× against 11.6×. South Plains Financial, Inc. grew revenue faster over the last twelve months: 6.59% against 2.79%. South Plains Financial, Inc. has the higher net margin (20.8% vs 19.2%) and the lower return on invested capital (0.00% vs 12.2%). Both pay a dividend; Shore Bancshares Inc yields more (4.34% vs 2.08%). Across the 20 metrics below, Shore Bancshares Inc leads on 10 and South Plains Financial, Inc. on 10.

Valuation

Metric SHBI SPFI Banks Regional median
P/E 11.62 11.26 12.15
P/S 2.23 2.62 2.37
P/B 1.25 1.30 1.21
Price to free cash flow 8.91 10.87 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.74 0.30 2.27
Earnings yield 8.60% 8.88% 8.11%
Free cash flow yield 11.22% 9.20% 8.98%

Profitability

Metric SHBI SPFI Banks Regional median
Gross margin 68.57% 72.40% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.15% 20.79% 18.66%
Free cash flow margin 24.99% 24.14% 21.18%
Return on equity 11.21% 12.01% 10.64%
Return on assets 1.09% 1.33% 1.13%
Return on invested capital 12.23% 0.00% 8.33%

Growth

Metric SHBI SPFI Banks Regional median
Revenue growth (TTM) 2.79% 6.59% 6.61%
EPS growth (last fiscal year) 34.85% 17.81% —
Revenue growth, 5-year CAGR 37.23% 4.36% 12.30%
Net income growth, 5-year CAGR 30.49% 5.21% 9.71%

Health

Metric SHBI SPFI Banks Regional median
Debt to equity 0.14 0.10 0.22
Current ratio 0.95 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric SHBI SPFI Banks Regional median
Dividend yield 4.34% 2.08% 3.75%
Payout ratio 0.33 0.13 0.27

Size

Metric SHBI SPFI Banks Regional median
Market cap 764.89m 807.26m 921.07m

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