California BanCorp (BCAL) vs Midland States Bancorp, Inc. (MSBI)

California BanCorp and Midland States Bancorp, Inc. are both Banks Regional companies. California BanCorp and Midland States Bancorp, Inc. are of similar size ($694.1M and $687.5M). California BanCorp trades at the lower P/E: 11.6× against 21.3×. California BanCorp grew revenue faster over the last twelve months: −2.30% against −12.2%. California BanCorp has the higher net margin (26.0% vs 7.34%) and the higher return on invested capital (16.2% vs 6.06%). Across the 19 metrics below, California BanCorp leads on 14 and Midland States Bancorp, Inc. on 5.

Valuation

Metric BCAL MSBI Banks Regional median
P/E 11.63 21.32 12.15
P/S 3.01 1.53 2.37
P/B 1.19 1.53 1.21
Price to free cash flow 11.74 5.59 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.86 1.62 2.27
Earnings yield 8.60% 4.69% 8.11%
Free cash flow yield 8.52% 17.87% 8.98%

Profitability

Metric BCAL MSBI Banks Regional median
Gross margin 77.87% 72.03% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.01% 7.34% 18.66%
Free cash flow margin 25.61% 27.38% 21.18%
Return on equity 10.61% 7.28% 10.64%
Return on assets 1.51% 0.49% 1.13%
Return on invested capital 16.15% 6.06% 8.33%

Growth

Metric BCAL MSBI Banks Regional median
Revenue growth (TTM) (2.30%) (12.17%) 6.61%
EPS growth (last fiscal year) 777.27% (484.76%) —
Revenue growth, 5-year CAGR 37.44% 9.23% 12.30%
Net income growth, 5-year CAGR 67.92% 0.00% 9.71%

Health

Metric BCAL MSBI Banks Regional median
Debt to equity 0.00 0.59 0.22
Current ratio 0.99 0.78 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BCAL MSBI Banks Regional median
Dividend yield — 5.03% 3.75%
Payout ratio — 0.29 0.27

Size

Metric BCAL MSBI Banks Regional median
Market cap 694.13m 687.52m 921.07m

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