1st Source Corporation (SRCE) vs The Bancorp, Inc. (TBBK)

1st Source Corporation and The Bancorp, Inc. are both Banks Regional companies. 1st Source Corporation and The Bancorp, Inc. are of similar size ($2.1B and $2.0B). The Bancorp, Inc. trades at the lower P/E: 9.4× against 12.4×. 1st Source Corporation grew revenue faster over the last twelve months: 4.21% against 1.28%. 1st Source Corporation has the higher net margin (27.8% vs 27.7%) and the lower return on invested capital (10.5% vs 22.9%). Across the 19 metrics below, The Bancorp, Inc. leads on 12 and 1st Source Corporation on 7.

Valuation

Metric SRCE TBBK Banks Regional median
P/E 12.37 9.38 12.15
P/S 3.41 2.51 2.37
P/B 1.53 2.97 1.21
Price to free cash flow 9.61 9.02 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.35 2.67 2.27
Earnings yield 8.08% 10.66% 8.11%
Free cash flow yield 10.41% 11.09% 8.98%

Profitability

Metric SRCE TBBK Banks Regional median
Gross margin 74.40% 80.32% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 27.81% 27.72% 18.66%
Free cash flow margin 35.44% 27.78% 21.18%
Return on equity 12.97% 29.63% 10.64%
Return on assets 1.84% 2.57% 1.13%
Return on invested capital 10.48% 22.91% 8.33%

Growth

Metric SRCE TBBK Banks Regional median
Revenue growth (TTM) 4.21% 1.28% 6.61%
EPS growth (last fiscal year) 19.59% 14.69% —
Revenue growth, 5-year CAGR 10.34% 24.39% 12.30%
Net income growth, 5-year CAGR 14.16% 23.30% 9.71%

Health

Metric SRCE TBBK Banks Regional median
Debt to equity 0.07 0.30 0.22
Current ratio 0.97 0.88 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric SRCE TBBK Banks Regional median
Dividend yield 2.70% — 3.75%
Payout ratio 0.25 0.00 0.27

Size

Metric SRCE TBBK Banks Regional median
Market cap 2.06b 2.04b 921.07m

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