Bank of Marin Bancorp (BMRC) vs Plumas Bancorp (PLBC)

Bank of Marin Bancorp and Plumas Bancorp are both Banks Regional companies. Bank of Marin Bancorp and Plumas Bancorp are of similar size ($463.9M and $435.6M). Bank of Marin Bancorp has negative trailing earnings, so its P/E is not meaningful; Plumas Bancorp trades at 10.4×. Plumas Bancorp grew revenue faster over the last twelve months: 29.6% against −18.9%. Plumas Bancorp has the higher net margin (31.7% vs −10.5%) and the higher return on invested capital (20.9% vs −7.68%). Both pay a dividend; Bank of Marin Bancorp yields more (3.51% vs 2.10%). Across the 18 metrics below, Plumas Bancorp leads on 15 and Bank of Marin Bancorp on 3.

Valuation

Metric BMRC PLBC Banks Regional median
P/E n/m 10.37 11.87
P/S 4.01 3.29 2.35
P/B 1.20 1.66 1.23
Price to free cash flow 10.76 9.28 10.45
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (2.67%) 9.64% 8.34%
Free cash flow yield 9.30% 10.78% 9.37%

Profitability

Metric BMRC PLBC Banks Regional median
Gross margin 0.00% 86.55% 69.92%
Operating margin 0.00% 0.00% 0.00%
Net margin (10.45%) 31.72% 18.99%
Free cash flow margin 37.28% 35.44% 18.19%
Return on equity (2.88%) 16.55% 10.45%
Return on assets (0.31%) 1.87% 1.15%
Return on invested capital (7.68%) 20.88% 8.54%

Growth

Metric BMRC PLBC Banks Regional median
Revenue growth (TTM) (18.89%) 29.63% 6.56%
EPS growth (last fiscal year) (330.77%) (5.42%) 18.85%
Revenue growth, 5-year CAGR (6.87%) 18.46% 12.65%
Net income growth, 5-year CAGR 0.00% 15.39% 9.81%

Health

Metric BMRC PLBC Banks Regional median
Debt to equity 0.12 0.06 0.14
Current ratio 0.72 0.85 0.92
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BMRC PLBC Banks Regional median
Dividend yield 3.51% 2.10% 2.51%
Payout ratio — 0.22 0.30

Size

Metric BMRC PLBC Banks Regional median
Market cap 463.94m 435.57m 915.17m

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