Triumph Financial, Inc. (TFIN) vs Westamerica Bancorporation (WABC)

Triumph Financial, Inc. and Westamerica Bancorporation are both Banks Regional companies. Triumph Financial, Inc. and Westamerica Bancorporation are of similar size ($1.5B and $1.4B). Westamerica Bancorporation trades at the lower P/E: 13.4× against 41.5×. Triumph Financial, Inc. grew revenue faster over the last twelve months: 8.97% against −8.51%. Westamerica Bancorporation has the higher net margin (41.7% vs 6.57%) and the lower return on invested capital (13.6% vs 27.9%). Both pay a dividend; Westamerica Bancorporation yields more (3.95% vs 0.02%). Across the 20 metrics below, Triumph Financial, Inc. leads on 11 and Westamerica Bancorporation on 9.

Valuation

Metric TFIN WABC Banks Regional median
P/E 41.52 13.36 12.15
P/S 2.72 5.32 2.37
P/B 1.60 1.66 1.21
Price to free cash flow 9.47 13.02 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.14 4.68 2.27
Earnings yield 2.41% 7.48% 8.11%
Free cash flow yield 10.56% 7.68% 8.98%

Profitability

Metric TFIN WABC Banks Regional median
Gross margin 84.45% 94.83% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 6.57% 41.71% 18.66%
Free cash flow margin 28.72% 40.89% 21.18%
Return on equity 3.97% 12.49% 10.64%
Return on assets 0.51% 1.91% 1.13%
Return on invested capital 27.91% 13.63% 8.33%

Growth

Metric TFIN WABC Banks Regional median
Revenue growth (TTM) 8.97% (8.51%) 6.61%
EPS growth (last fiscal year) 72.22% (13.08%) —
Revenue growth, 5-year CAGR 6.29% 5.14% 12.30%
Net income growth, 5-year CAGR (18.69%) 7.64% 9.71%

Health

Metric TFIN WABC Banks Regional median
Debt to equity 0.05 0.15 0.22
Current ratio 1.01 0.20 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric TFIN WABC Banks Regional median
Dividend yield 0.02% 3.95% 3.75%
Payout ratio 0.00 0.29 0.27

Size

Metric TFIN WABC Banks Regional median
Market cap 1.45b 1.38b 921.07m

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