Camden National Corp. (CAC) vs Mercantile Bank Corporation (MBWM)
A side-by-side comparison of Camden National Corp. and Mercantile Bank Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — CAC vs MBWM
growth of $100 · dividends reinvested · last 10yCAC vs MBWM: by the numbers
- •MBWM is the larger company ($1.03B vs $960M market cap).
- •MBWM trades at the lower trailing earnings multiple (10.46 vs 10.87 P/E), one valuation lens rather than an overall verdict.
- •CAC converts more revenue to profit (25.61% vs 24.79% net margin).
- •MBWM grew revenue faster over the past five years (14.13% vs 11.71% CAGR).
- •CAC pays the higher dividend yield (2.95% vs 2.63%).
Metrics side by side
Valuation
| Metric | CAC | MBWM |
|---|---|---|
| P/E ratio | 10.87 | 10.46 |
| Forward P/E | 10.53 | 10.72 |
| PEG ratio | N/A | 0.70 |
| P/S ratio | 2.77 | 2.67 |
| P/B ratio | 1.32 | 1.36 |
Profitability
| Metric | CAC | MBWM |
|---|---|---|
| Operating margin | 25.61% | 28.78% |
| Net margin | 25.61% | 24.79% |
| ROE | 12.21% | 12.61% |
Camden National Corp.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Mercantile Bank Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | CAC | MBWM |
|---|---|---|
| Dividend yield | 2.95% | 2.63% |
| Payout ratio | 32.18% | 27.46% |
Growth (annualized)
| Metric | CAC | MBWM |
|---|---|---|
| Revenue CAGR (5Y) | 11.71% | 14.13% |
| EPS CAGR (5Y) | -0.56% | 15.04% |
| Total return CAGR (5Y) | 7.59% | 16.02% |
Frequently asked
- Which has the lower trailing P/E, CAC or MBWM?
- MBWM has the lower trailing P/E: CAC trades at 10.87 and MBWM at 10.46. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CAC or MBWM?
- Over the past five years, MBWM grew revenue faster — CAC at a 11.71% CAGR versus MBWM at 14.13%.
- Does CAC or MBWM pay a bigger dividend?
- CAC yields 2.95% and MBWM yields 2.63% based on trailing dividends and the latest price.
- Is CAC or MBWM more profitable?
- CAC runs the higher net margin — CAC at 25.61% versus MBWM at 24.79%.
- How have CAC and MBWM total returns compared?
- Over the past 10 years, CAC delivered 10.34% and MBWM delivered 12.20% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Camden National & Mercantile Bank appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.