CNB Financial Corporation (CCNEP) vs Mercantile Bank Corporation (MBWM)
A side-by-side comparison of CNB Financial Corporation 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 — CCNEP vs MBWM
growth of $100 · dividends reinvested · last 6yCCNEP vs MBWM: by the numbers
- •CCNEP is the larger company ($1.02B vs $1.02B market cap).
- •CCNEP trades at the lower trailing earnings multiple (7.98 vs 10.36 P/E), one valuation lens rather than an overall verdict.
- •MBWM converts more revenue to profit (24.79% vs 20.46% net margin).
- •CCNEP grew revenue faster over the past five years (18.16% vs 14.13% CAGR).
- •CCNEP pays the higher dividend yield (7.20% vs 2.63%).
Metrics side by side
Valuation
| Metric | CCNEP | MBWM |
|---|---|---|
| P/E ratio | 7.98 | 10.36 |
| Forward P/E | 6.98 | 10.62 |
| PEG ratio | 1.61 | 0.69 |
| P/S ratio | 2.18 | 2.65 |
| P/B ratio | 1.20 | 1.35 |
Profitability
| Metric | CCNEP | MBWM |
|---|---|---|
| Operating margin | 23.26% | 28.78% |
| Net margin | 20.46% | 24.79% |
| ROE | 10.56% | 12.61% |
CNB Financial 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.
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 | CCNEP | MBWM |
|---|---|---|
| Dividend yield | 7.20% | 2.63% |
| Payout ratio | 57.46% | 27.46% |
Growth (annualized)
| Metric | CCNEP | MBWM |
|---|---|---|
| Revenue CAGR (5Y) | 18.16% | 14.13% |
| EPS CAGR (5Y) | 4.96% | 15.04% |
| Total return CAGR (5Y) | 5.00% | 16.02% |
Frequently asked
- Which has the lower trailing P/E, CCNEP or MBWM?
- CCNEP has the lower trailing P/E: CCNEP trades at 7.98 and MBWM at 10.36. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CCNEP or MBWM?
- Over the past five years, CCNEP grew revenue faster — CCNEP at a 18.16% CAGR versus MBWM at 14.13%.
- Does CCNEP or MBWM pay a bigger dividend?
- CCNEP yields 7.20% and MBWM yields 2.63% based on trailing dividends and the latest price.
- Is CCNEP or MBWM more profitable?
- MBWM runs the higher net margin — CCNEP at 20.46% versus MBWM at 24.79%.
- How have CCNEP and MBWM total returns compared?
- Over the past 5 years, CCNEP delivered 5.00% and MBWM delivered 16.02% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CNB Financial & 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.