Midland States Bancorp, Inc. (MSBI) vs Red River Bancshares, Inc. (RRBI)

Midland States Bancorp, Inc. and Red River Bancshares, Inc. are both Banks Regional companies. Midland States Bancorp, Inc. and Red River Bancshares, Inc. are of similar size ($687.9M and $657.4M). Midland States Bancorp, Inc. trades at the lower P/E: 14.0× against 15.0×. Red River Bancshares, Inc. grew revenue faster over the last twelve months: 7.09% against −8.37%. Red River Bancshares, Inc. has the higher net margin (26.3% vs 10.7%) and the higher return on invested capital (18.9% vs 5.57%). Both pay a dividend; Midland States Bancorp, Inc. yields more (4.06% vs 0.86%). Across the 19 metrics below, Red River Bancshares, Inc. leads on 12 and Midland States Bancorp, Inc. on 7.

Valuation

Metric MSBI RRBI Banks Regional median
P/E 13.99 15.01 12.02
P/S 1.47 3.94 2.36
P/B 1.59 1.79 1.23
Price to free cash flow 8.23 13.28 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.15% 6.66% 8.21%
Free cash flow yield 12.15% 7.53% 9.23%

Profitability

Metric MSBI RRBI Banks Regional median
Gross margin 73.45% 75.26% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 10.65% 26.25% 18.82%
Free cash flow margin 17.91% 29.67% 17.97%
Return on equity 10.85% 12.77% 10.28%
Return on assets 0.71% 1.42% 1.13%
Return on invested capital 5.57% 18.89% 8.45%

Growth

Metric MSBI RRBI Banks Regional median
Revenue growth (TTM) (8.37%) 7.09% 6.37%
EPS growth (last fiscal year) (565.15%) 28.89% 18.85%
Revenue growth, 5-year CAGR 9.23% 11.06% 12.65%
Net income growth, 5-year CAGR 0.00% 8.73% 9.81%

Health

Metric MSBI RRBI Banks Regional median
Debt to equity 0.81 0.00 0.17
Current ratio 0.74 0.84 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric MSBI RRBI Banks Regional median
Dividend yield 4.06% 0.86% 2.49%
Payout ratio 0.57 0.13 0.29

Size

Metric MSBI RRBI Banks Regional median
Market cap 657.35m 687.91m 934.85m

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