Meridian Bank (MRBK) vs SB Financial Group, Inc. (SBFG)

Meridian Bank and SB Financial Group, Inc. are both Banks Regional companies. Meridian Bank and SB Financial Group, Inc. are of similar size ($195.2M and $179.2M). Meridian Bank trades at the lower P/E: 8.7× against 10.7×. SB Financial Group, Inc. grew revenue faster over the last twelve months: 8.42% against 0.72%. SB Financial Group, Inc. has the higher net margin (17.2% vs 10.6%) and the higher return on invested capital (32.0% vs 8.03%). Both pay a dividend; Meridian Bank yields more (3.33% vs 2.20%). Across the 19 metrics below, SB Financial Group, Inc. leads on 11 and Meridian Bank on 8.

Valuation

Metric MRBK SBFG Banks Regional median
P/E 8.74 10.71 12.02
P/S 0.95 1.83 2.36
P/B 0.95 1.23 1.23
Price to free cash flow 10.39 9.29 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 11.44% 9.34% 8.21%
Free cash flow yield 9.62% 10.77% 9.23%

Profitability

Metric MRBK SBFG Banks Regional median
Gross margin 63.55% 72.03% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 10.57% 17.18% 18.82%
Free cash flow margin 9.11% 21.49% 17.97%
Return on equity 11.31% 11.84% 10.28%
Return on assets 0.85% 1.07% 1.13%
Return on invested capital 8.03% 31.96% 8.45%

Growth

Metric MRBK SBFG Banks Regional median
Revenue growth (TTM) 0.72% 8.42% 6.37%
EPS growth (last fiscal year) 30.34% 27.33% 18.85%
Revenue growth, 5-year CAGR 6.56% 4.59% 12.65%
Net income growth, 5-year CAGR (3.75%) (1.33%) 9.81%

Health

Metric MRBK SBFG Banks Regional median
Debt to equity 0.24 0.00 0.17
Current ratio 0.98 0.95 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric MRBK SBFG Banks Regional median
Dividend yield 3.33% 2.20% 2.49%
Payout ratio 0.30 0.24 0.29

Size

Metric MRBK SBFG Banks Regional median
Market cap 195.23m 179.21m 934.85m

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