Coastal Financial Corporation (CCB) vs Midland States Bancorp, Inc. (MSBI)

Coastal Financial Corporation and Midland States Bancorp, Inc. are both Banks Regional companies. Coastal Financial Corporation and Midland States Bancorp, Inc. are of similar size ($687.5M and $669.7M). Coastal Financial Corporation has negative trailing earnings, so its P/E is not meaningful; Midland States Bancorp, Inc. trades at 21.3×. Coastal Financial Corporation grew revenue faster over the last twelve months: 7.06% against −12.2%. Midland States Bancorp, Inc. has the higher net margin (7.34% vs −0.53%) and the higher return on invested capital (6.06% vs 0.00%). Across the 18 metrics below, Coastal Financial Corporation leads on 13 and Midland States Bancorp, Inc. on 5.

Valuation

Metric CCB MSBI Banks Regional median
P/E n/m 21.32 12.15
P/S 0.94 1.53 2.37
P/B 1.47 1.53 1.21
Price to free cash flow 2.63 5.59 10.80
EV/EBITDA n/m n/m —
EV/Sales (0.38) 1.62 2.27
Earnings yield (0.51%) 4.69% 8.11%
Free cash flow yield 38.01% 17.87% 8.98%

Profitability

Metric CCB MSBI Banks Regional median
Gross margin 83.89% 72.03% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (0.53%) 7.34% 18.66%
Free cash flow margin 35.70% 27.38% 21.18%
Return on equity (0.83%) 7.28% 10.64%
Return on assets (0.08%) 0.49% 1.13%
Return on invested capital 0.00% 6.06% 8.33%

Growth

Metric CCB MSBI Banks Regional median
Revenue growth (TTM) 7.06% (12.17%) 6.61%
EPS growth (last fiscal year) (4.31%) (484.76%) —
Revenue growth, 5-year CAGR 56.15% 9.23% 12.30%
Net income growth, 5-year CAGR 25.41% 0.00% 9.71%

Health

Metric CCB MSBI Banks Regional median
Debt to equity 0.10 0.59 0.22
Current ratio 1.06 0.78 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CCB MSBI Banks Regional median
Dividend yield — 5.03% 3.75%
Payout ratio 0.00 0.29 0.27

Size

Metric CCB MSBI Banks Regional median
Market cap 669.67m 687.52m 921.07m

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