Bar Harbor Bankshares, Inc. (BHB) vs Midland States Bancorp, Inc. (MSBI)

Bar Harbor Bankshares, Inc. and Midland States Bancorp, Inc. are both Banks Regional companies. Bar Harbor Bankshares, Inc. and Midland States Bancorp, Inc. are of similar size ($687.5M and $666.1M). Bar Harbor Bankshares, Inc. trades at the lower P/E: 13.1× against 21.3×. Bar Harbor Bankshares, Inc. grew revenue faster over the last twelve months: 18.9% against −12.2%. Bar Harbor Bankshares, Inc. has the higher net margin (18.5% vs 7.34%) and the lower return on invested capital (5.35% vs 6.06%). Both pay a dividend; Midland States Bancorp, Inc. yields more (5.03% vs 4.60%). Across the 20 metrics below, Bar Harbor Bankshares, Inc. leads on 12 and Midland States Bancorp, Inc. on 8.

Valuation

Metric BHB MSBI Banks Regional median
P/E 13.12 21.32 12.15
P/S 2.44 1.53 2.37
P/B 1.19 1.53 1.21
Price to free cash flow 11.33 5.59 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.10 1.62 2.27
Earnings yield 7.62% 4.69% 8.11%
Free cash flow yield 8.82% 17.87% 8.98%

Profitability

Metric BHB MSBI Banks Regional median
Gross margin 72.30% 72.03% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 18.46% 7.34% 18.66%
Free cash flow margin 21.53% 27.38% 21.18%
Return on equity 9.70% 7.28% 10.64%
Return on assets 1.12% 0.49% 1.13%
Return on invested capital 5.35% 6.06% 8.33%

Growth

Metric BHB MSBI Banks Regional median
Revenue growth (TTM) 18.94% (12.17%) 6.61%
EPS growth (last fiscal year) (18.66%) (484.76%) —
Revenue growth, 5-year CAGR 7.61% 9.23% 12.30%
Net income growth, 5-year CAGR 2.12% 0.00% 9.71%

Health

Metric BHB MSBI Banks Regional median
Debt to equity 0.51 0.59 0.22
Current ratio 0.96 0.78 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BHB MSBI Banks Regional median
Dividend yield 4.60% 5.03% 3.75%
Payout ratio 0.34 0.29 0.27

Size

Metric BHB MSBI Banks Regional median
Market cap 666.12m 687.52m 921.07m

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