Tompkins Financial Corporation (TMP) vs Westamerica Bancorporation (WABC)

Tompkins Financial Corporation and Westamerica Bancorporation are both Banks Regional companies. Tompkins Financial Corporation and Westamerica Bancorporation are of similar size ($1.4B and $1.4B). Tompkins Financial Corporation trades at the lower P/E: 8.1× against 13.4×. Tompkins Financial Corporation grew revenue faster over the last twelve months: 28.2% against −8.51%. Westamerica Bancorporation has the higher net margin (41.7% vs 30.1%) and the higher return on invested capital (13.6% vs 11.2%). Both pay a dividend; Tompkins Financial Corporation yields more (4.97% vs 3.95%). Across the 20 metrics below, Tompkins Financial Corporation leads on 13 and Westamerica Bancorporation on 7.

Valuation

Metric TMP WABC Banks Regional median
P/E 8.10 13.36 12.15
P/S 2.43 5.32 2.37
P/B 1.48 1.66 1.21
Price to free cash flow 27.88 13.02 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.12 4.68 2.27
Earnings yield 12.34% 7.48% 8.11%
Free cash flow yield 3.59% 7.68% 8.98%

Profitability

Metric TMP WABC Banks Regional median
Gross margin 77.87% 94.83% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 30.13% 41.71% 18.66%
Free cash flow margin 8.73% 40.89% 21.18%
Return on equity 20.36% 12.49% 10.64%
Return on assets 2.04% 1.91% 1.13%
Return on invested capital 11.22% 13.63% 8.33%

Growth

Metric TMP WABC Banks Regional median
Revenue growth (TTM) 28.16% (8.51%) 6.61%
EPS growth (last fiscal year) 126.16% (13.08%) —
Revenue growth, 5-year CAGR 12.02% 5.14% 12.30%
Net income growth, 5-year CAGR 15.73% 7.64% 9.71%

Health

Metric TMP WABC Banks Regional median
Debt to equity 0.57 0.15 0.22
Current ratio 0.95 0.20 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric TMP WABC Banks Regional median
Dividend yield 4.97% 3.95% 3.75%
Payout ratio 0.50 0.29 0.27

Size

Metric TMP WABC Banks Regional median
Market cap 1.41b 1.38b 921.07m

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