Metropolitan Bank Holding Corp. (MCB) vs Northeast Bancorp (NBN)

Metropolitan Bank Holding Corp. and Northeast Bancorp are both Banks Regional companies. Metropolitan Bank Holding Corp. and Northeast Bancorp are of similar size ($1.1B and $1.1B). Northeast Bancorp trades at the lower P/E: 10.1× against 11.2×. Metropolitan Bank Holding Corp. grew revenue faster over the last twelve months: 10.5% against 9.71%. Northeast Bancorp has the higher net margin (27.9% vs 15.6%) and the lower return on invested capital (8.97% vs 10.4%). Across the 18 metrics below, Metropolitan Bank Holding Corp. leads on 11 and Northeast Bancorp on 7.

Valuation

Metric MCB NBN Banks Regional median
P/E 11.20 10.08 12.15
P/S 2.00 2.81 2.37
P/B 1.15 1.79 1.21
Price to free cash flow 11.13 n/m 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.59 3.91 2.27
Earnings yield 8.93% 9.92% 8.11%
Free cash flow yield 8.98% (5.91%) 8.98%

Profitability

Metric MCB NBN Banks Regional median
Gross margin 62.89% 61.42% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 15.58% 27.91% 18.66%
Free cash flow margin 17.92% (16.62%) 21.18%
Return on equity 10.24% 19.57% 10.64%
Return on assets 1.04% 2.26% 1.13%
Return on invested capital 10.37% 8.97% 8.33%

Growth

Metric MCB NBN Banks Regional median
Revenue growth (TTM) 10.54% 9.71% 6.61%
EPS growth (last fiscal year) 11.64% 26.39% —
Revenue growth, 5-year CAGR 26.91% 20.73% 12.30%
Net income growth, 5-year CAGR 12.69% 8.49% 9.71%

Health

Metric MCB NBN Banks Regional median
Debt to equity 0.02 1.42 0.22
Current ratio 0.97 1.35 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric MCB NBN Banks Regional median
Dividend yield — 0.08% 3.75%
Payout ratio 0.00 0.01 0.27

Size

Metric MCB NBN Banks Regional median
Market cap 1.10b 1.11b 921.07m

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