Midland States Bancorp, Inc. (MSBI) vs Peoples Financial Services Corp. (PFIS)

Midland States Bancorp, Inc. and Peoples Financial Services Corp. are both Banks Regional companies. Midland States Bancorp, Inc. and Peoples Financial Services Corp. are of similar size ($693.7M and $687.5M). Peoples Financial Services Corp. trades at the lower P/E: 12.3× against 21.3×. Peoples Financial Services Corp. grew revenue faster over the last twelve months: 0.46% against −12.2%. Peoples Financial Services Corp. has the higher net margin (19.8% vs 7.34%) and the higher return on invested capital (8.38% vs 6.06%). Both pay a dividend; Peoples Financial Services Corp. yields more (5.64% vs 5.03%). Across the 20 metrics below, Peoples Financial Services Corp. leads on 14 and Midland States Bancorp, Inc. on 6.

Valuation

Metric MSBI PFIS Banks Regional median
P/E 21.32 12.30 12.15
P/S 1.53 2.43 2.37
P/B 1.53 1.30 1.21
Price to free cash flow 5.59 14.09 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.62 2.40 2.27
Earnings yield 4.69% 8.13% 8.11%
Free cash flow yield 17.87% 7.10% 8.98%

Profitability

Metric MSBI PFIS Banks Regional median
Gross margin 72.03% 68.05% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 7.34% 19.78% 18.66%
Free cash flow margin 27.38% 17.28% 21.18%
Return on equity 7.28% 11.02% 10.64%
Return on assets 0.49% 1.08% 1.13%
Return on invested capital 6.06% 8.38% 8.33%

Growth

Metric MSBI PFIS Banks Regional median
Revenue growth (TTM) (12.17%) 0.46% 6.61%
EPS growth (last fiscal year) (484.76%) 493.94% —
Revenue growth, 5-year CAGR 9.23% 20.50% 12.30%
Net income growth, 5-year CAGR 0.00% 15.06% 9.71%

Health

Metric MSBI PFIS Banks Regional median
Debt to equity 0.59 0.46 0.22
Current ratio 0.78 0.99 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric MSBI PFIS Banks Regional median
Dividend yield 5.03% 5.64% 3.75%
Payout ratio 0.29 0.32 0.27

Size

Metric MSBI PFIS Banks Regional median
Market cap 687.52m 693.72m 921.07m

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