ECB Bancorp, Inc. (ECBK) vs MainStreet Bank (MNSB)

ECB Bancorp, Inc. and MainStreet Bank are both Banks Regional companies. ECB Bancorp, Inc. and MainStreet Bank are of similar size ($180.9M and $177.0M). MainStreet Bank trades at the lower P/E: 12.2× against 14.6×. ECB Bancorp, Inc. grew revenue faster over the last twelve months: 18.6% against −6.22%. ECB Bancorp, Inc. has the higher net margin (13.2% vs 11.6%) and the lower return on invested capital (2.96% vs 8.06%). Across the 19 metrics below, ECB Bancorp, Inc. leads on 10 and MainStreet Bank on 9.

Valuation

Metric ECBK MNSB Banks Regional median
P/E 14.58 12.17 12.15
P/S 1.91 1.36 2.37
P/B 0.92 0.95 1.21
Price to free cash flow 7.40 7.64 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.61 1.01 2.27
Earnings yield 6.86% 8.22% 8.11%
Free cash flow yield 13.52% 13.09% 8.98%

Profitability

Metric ECBK MNSB Banks Regional median
Gross margin 44.84% 55.96% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 13.19% 11.59% 18.66%
Free cash flow margin 25.88% 17.81% 21.18%
Return on equity 6.56% 8.13% 10.64%
Return on assets 0.72% 0.70% 1.13%
Return on invested capital 2.96% 8.06% 8.33%

Growth

Metric ECBK MNSB Banks Regional median
Revenue growth (TTM) 18.64% (6.22%) 6.61%
EPS growth (last fiscal year) 95.83% 210.00% —
Revenue growth, 5-year CAGR 35.93% 14.30% 12.30%
Net income growth, 5-year CAGR 9.84% (2.25%) 9.71%

Health

Metric ECBK MNSB Banks Regional median
Debt to equity 1.58 0.33 0.22
Current ratio 1.29 1.06 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric ECBK MNSB Banks Regional median
Dividend yield — 2.21% 3.75%
Payout ratio — 0.09 0.27

Size

Metric ECBK MNSB Banks Regional median
Market cap 180.87m 177.03m 921.07m

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