CNB Financial Corporation (CCNE) vs Mercantile Bank Corporation (MBWM)

CNB Financial Corporation and Mercantile Bank Corporation are both Banks Regional companies. CNB Financial Corporation and Mercantile Bank Corporation are of similar size ($1.0B and $1.0B). Mercantile Bank Corporation trades at the lower P/E: 10.6× against 11.0×. CNB Financial Corporation grew revenue faster over the last twelve months: 32.6% against 4.47%. Mercantile Bank Corporation has the higher net margin (24.8% vs 18.4%) and the lower return on invested capital (8.33% vs 16.2%). Both pay a dividend; Mercantile Bank Corporation yields more (3.81% vs 3.44%). Across the 20 metrics below, CNB Financial Corporation leads on 11 and Mercantile Bank Corporation on 9.

Valuation

Metric CCNE MBWM Banks Regional median
P/E 10.98 10.57 12.15
P/S 2.02 2.70 2.37
P/B 1.18 1.37 1.21
Price to free cash flow 11.08 15.21 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.21 2.97 2.27
Earnings yield 9.11% 9.46% 8.11%
Free cash flow yield 9.03% 6.57% 8.98%

Profitability

Metric CCNE MBWM Banks Regional median
Gross margin 67.57% 67.80% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 18.40% 24.75% 18.66%
Free cash flow margin 18.25% 17.73% 21.18%
Return on equity 12.75% 13.73% 10.64%
Return on assets 1.24% 1.46% 1.13%
Return on invested capital 16.17% 8.33% 8.33%

Growth

Metric CCNE MBWM Banks Regional median
Revenue growth (TTM) 32.62% 4.47% 6.61%
EPS growth (last fiscal year) 4.18% 10.95% —
Revenue growth, 5-year CAGR 17.24% 13.95% 12.30%
Net income growth, 5-year CAGR 14.27% 14.99% 9.71%

Health

Metric CCNE MBWM Banks Regional median
Debt to equity 0.06 0.59 0.22
Current ratio 0.96 0.93 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CCNE MBWM Banks Regional median
Dividend yield 3.44% 3.81% 3.75%
Payout ratio 0.24 0.26 0.27

Size

Metric CCNE MBWM Banks Regional median
Market cap 1.00b 1.03b 921.07m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack