Mid Penn Bancorp (MPB) vs NB Bancorp, Inc. (NBBK)

Mid Penn Bancorp and NB Bancorp, Inc. are both Banks Regional companies. Mid Penn Bancorp and NB Bancorp, Inc. are of similar size ($918.6M and $917.1M). Mid Penn Bancorp trades at the lower P/E: 12.7× against 14.9×. NB Bancorp, Inc. grew revenue faster over the last twelve months: 27.9% against 20.7%. Mid Penn Bancorp has the higher net margin (17.6% vs 14.3%) and the lower return on invested capital (7.59% vs 10.1%). Across the 17 metrics below, Mid Penn Bancorp leads on 9 and NB Bancorp, Inc. on 8.

Valuation

Metric MPB NBBK Banks Regional median
P/E 12.72 14.87 12.15
P/S 2.37 2.16 2.37
P/B 1.02 1.07 1.21
Price to free cash flow 12.12 11.50 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.16 1.64 2.27
Earnings yield 7.86% 6.73% 8.11%
Free cash flow yield 8.25% 8.70% 8.98%

Profitability

Metric MPB NBBK Banks Regional median
Gross margin 68.14% 62.48% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 17.55% 14.27% 18.66%
Free cash flow margin 19.58% 18.82% 21.18%
Return on equity 8.12% 7.49% 10.64%
Return on assets 1.02% 0.93% 1.13%
Return on invested capital 7.59% 10.08% 8.33%

Growth

Metric MPB NBBK Banks Regional median
Revenue growth (TTM) 20.72% 27.92% 6.61%
EPS growth (last fiscal year) (12.07%) 25.23% —
Revenue growth, 5-year CAGR 22.74% — 12.30%
Net income growth, 5-year CAGR 16.50% — 9.71%

Health

Metric MPB NBBK Banks Regional median
Debt to equity 0.00 0.22 0.22
Current ratio 0.94 1.06 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric MPB NBBK Banks Regional median
Dividend yield 4.04% — 3.75%
Payout ratio 0.27 — 0.27

Size

Metric MPB NBBK Banks Regional median
Market cap 917.13m 918.64m 921.07m

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