Meridian Bank (MRBK) vs Peoples Bancorp of North Carolina, Inc. (PEBK)

Meridian Bank and Peoples Bancorp of North Carolina, Inc. are both Banks Regional companies. Meridian Bank and Peoples Bancorp of North Carolina, Inc. are of similar size ($237.6M and $228.3M). Meridian Bank trades at the lower P/E: 10.3× against 11.5×. Peoples Bancorp of North Carolina, Inc. grew revenue faster over the last twelve months: 5.26% against 0.72%. Peoples Bancorp of North Carolina, Inc. has the higher net margin (17.3% vs 10.6%) and the higher return on invested capital (14.0% vs 8.03%). Both pay a dividend; Meridian Bank yields more (5.06% vs 2.94%). Across the 20 metrics below, Peoples Bancorp of North Carolina, Inc. leads on 12 and Meridian Bank on 8.

Valuation

Metric MRBK PEBK Banks Regional median
P/E 10.31 11.50 12.15
P/S 1.12 1.99 2.37
P/B 1.12 1.43 1.21
Price to free cash flow 12.25 11.47 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.18 1.60 2.27
Earnings yield 9.70% 8.70% 8.11%
Free cash flow yield 8.17% 8.72% 8.98%

Profitability

Metric MRBK PEBK Banks Regional median
Gross margin 63.55% 79.44% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 10.57% 17.25% 18.66%
Free cash flow margin 9.11% 17.33% 21.18%
Return on equity 11.31% 13.07% 10.64%
Return on assets 0.85% 1.15% 1.13%
Return on invested capital 8.03% 13.98% 8.33%

Growth

Metric MRBK PEBK Banks Regional median
Revenue growth (TTM) 0.72% 5.26% 6.61%
EPS growth (last fiscal year) 30.34% 21.48% —
Revenue growth, 5-year CAGR 6.56% 10.09% 12.30%
Net income growth, 5-year CAGR (3.75%) 11.79% 9.71%

Health

Metric MRBK PEBK Banks Regional median
Debt to equity 0.24 0.10 0.22
Current ratio 0.98 0.86 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric MRBK PEBK Banks Regional median
Dividend yield 5.06% 2.94% 3.75%
Payout ratio 0.28 0.24 0.27

Size

Metric MRBK PEBK Banks Regional median
Market cap 228.32m 237.63m 921.07m

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