First Bancorp versus Green Bancorp Inc Head to Head Compare

Date Published:

This is a head to head compare of First Bancorp (NASDAQ:FBNC) and Green Bancorp Inc (NASDAQ:GNBC) . We will compare the two companies on revenue growth, earnings, revenue per employee, operating margins, free cash flow and valuation. The head to head compare assigns 100 points in total.

Before we dive into the analysis, we will look at the stock returns for each company over the last three months, six months and the last year. The stock returns do not impact the head to head compare scores which are focused on the fundamentals of each company, but ultimately stock returns are are still a critical piece to a full analysis and compare.

Stock Returns
Symbol 3-Months 6-Months One-Year Fundamentals
FBNC +2.9% +43.6% +44.8%
GNBC +11.7% +42.7% +106.7%

First Bancorp has a substantially higher fundamental rating then Green Bancorp Inc which has an impact on the head-to-head comparison. The CML Star Rating is an objective, quantifiable measure of a company's operating and financial condition. The rating is computed by measuring numerous elements of the company's current financial data and their associated changes over time.

Now, let's dive into the two companies to compare them.

➤ Income Statement
First we turn to the income statement and compare revenue, earnings and revenue per employee for both companies. We note that simple revenue comparisons do not impact the rating.

First Bancorp has larger revenue in the last year than Green Bancorp Inc. Raw revenue comps do not affect the head to head rating.

FBNC is showing a profit while GNBC has negative earnings over the last year.

Net Income

GNBC generates notably larger revenue per employee ($223,000) than FBNC ($177,000).

Revenue per Employee
($ Millions)

➤ Margins
Next we create some derived metrics to compare the the amount of revenue earned per dollar of expense and the amount of free cash flow earned per dollar of revenue. Margins are one of the fairest ways to compare companies since they remove some of the bias of large versus small numbers.

First Bancorp generates $1.47 in revenue for every $1 of expense, notably higher than Green Bancorp Inc's $1.21.

Revenue per Dollar of Expense

A nonperforming loan (NPL) is the sum of borrowed money upon which the debtor has not made his scheduled payments for at least 90 days. A nonperforming loan is either in default or close to being in default (Source: INVESTOPEDIA).GNBC shows 3.26% if its loans are "non-performing", substantially higher than FBNC's 1.83%.

Non-performing Loans
over Total Loans

➤ Growth
Finally we compare the financial metrics related to growth: revenue growth rates and price to sales.

While First Bancorp is growing revenue, Green Bancorp Inc revenue is actually shrinking.

Revenue Growth

For every $1 in revenue, the stock market prices in $4.40 in market cap for FBNC and $7.68 in market cap for GNBC.

Price to Sales

First Bancorp (NASDAQ:FBNC)
Green Bancorp Inc (NASDAQ:GNBC) : 76 to 24