Mechanics Bancorp (MCHB) vs Park National Corporation (PRK)

Mechanics Bancorp and Park National Corporation are both Banks Regional companies. Mechanics Bancorp and Park National Corporation are of similar size ($3.3B and $3.2B). Mechanics Bancorp trades at the lower P/E: 11.6× against 15.9×. Mechanics Bancorp grew revenue faster over the last twelve months: 55.0% against 11.6%. Park National Corporation has the higher net margin (25.8% vs 24.0%) and the higher return on invested capital (12.8% vs 11.0%). Across the 18 metrics below, Mechanics Bancorp leads on 10 and Park National Corporation on 8.

Valuation

Metric MCHB PRK Banks Regional median
P/E 11.62 15.91 11.98
P/S 2.71 4.38 2.34
P/B 1.14 1.87 1.19
Price to free cash flow 18.97 17.54 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.61% 6.29% 8.23%
Free cash flow yield 5.27% 5.70% 9.08%

Profitability

Metric MCHB PRK Banks Regional median
Gross margin 78.13% 84.51% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 23.98% 25.77% 18.66%
Free cash flow margin 16.01% 24.96% 21.11%
Return on equity 17.61% 12.59% 10.65%
Return on assets 1.94% 1.68% 1.13%
Return on invested capital 10.95% 12.81% 8.35%

Growth

Metric MCHB PRK Banks Regional median
Revenue growth (TTM) 55.04% 11.57% 6.98%
EPS growth (last fiscal year) 750.17% 19.21% 18.88%
Revenue growth, 5-year CAGR 20.85% 6.57% 12.38%
Net income growth, 5-year CAGR 27.14% 7.08% 9.71%

Health

Metric MCHB PRK Banks Regional median
Debt to equity 0.05 0.00 0.22
Current ratio 0.78 0.95 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric MCHB PRK Banks Regional median
Dividend yield — 1.85% 2.57%
Payout ratio — 0.30 0.30

Size

Metric MCHB PRK Banks Regional median
Market cap 3.32b 3.22b 913.33m

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