Which has the lower trailing P/E, FBNC or MBINL?

MBINL has the lower trailing P/E: FBNC trades at 18.55 and MBINL at 4.67. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, FBNC or MBINL?

Over the past five years, MBINL grew revenue faster — FBNC at a 5.97% CAGR versus MBINL at 23.60%.

Does FBNC or MBINL pay a bigger dividend?

FBNC yields 1.54% and MBINL yields 8.34% based on trailing dividends and the latest price.

Is FBNC or MBINL more profitable?

FBNC runs the higher net margin — FBNC at 31.13% versus MBINL at 20.51%.

First Bancorp (FBNC) vs Merchants Bancorp (MBINL)

A side-by-side comparison of First Bancorp and Merchants Bancorp 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.

FBNC

First Bancorp

$2.47B

$59.74Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

MBINL

Merchants Bancorp

$2.38B

$23.25Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — FBNC vs MBINL

growth of $100 · dividends reinvested · last 2y

FBNC +36.9% (+17.0%/yr)MBINL +6.6% (+3.3%/yr)FBNC compounded faster over this window

FBNC MBINL

FBNC vs MBINL: by the numbers

•FBNC is the larger company ($2.47B vs $2.38B market cap).
•MBINL trades at the lower trailing earnings multiple (4.67 vs 18.55 P/E), one valuation lens rather than an overall verdict.
•FBNC converts more revenue to profit (31.13% vs 20.51% net margin).
•MBINL grew revenue faster over the past five years (23.60% vs 5.97% CAGR).
•MBINL pays the higher dividend yield (8.34% vs 1.54%).

Metrics side by side

Valuation

Metric	FBNC	MBINL
P/E ratio	18.55	4.67
Forward P/E	13.14	4.17
P/S ratio	5.78	1.82
P/B ratio	1.44	1.29

Profitability

Metric	FBNC	MBINL
Operating margin	26.56%	21.15%
Net margin	31.13%	20.51%
ROE	7.76%	11.22%

First Bancorp: 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.

Merchants Bancorp: 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	FBNC	MBINL
Dividend yield	1.54%	8.34%
Payout ratio	29.50%	38.31%

Growth (annualized)

Metric	FBNC	MBINL
Revenue CAGR (5Y)	5.97%	23.60%
EPS CAGR (5Y)	-1.22%	-0.37%
Total return CAGR (5Y)	9.41%	N/A

Frequently asked

Which has the lower trailing P/E, FBNC or MBINL?: MBINL has the lower trailing P/E: FBNC trades at 18.55 and MBINL at 4.67. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FBNC or MBINL?: Over the past five years, MBINL grew revenue faster — FBNC at a 5.97% CAGR versus MBINL at 23.60%.
Does FBNC or MBINL pay a bigger dividend?: FBNC yields 1.54% and MBINL yields 8.34% based on trailing dividends and the latest price.
Is FBNC or MBINL more profitable?: FBNC runs the higher net margin — FBNC at 31.13% versus MBINL at 20.51%.

Go deeper

Full FBNC analysis Full MBINL analysis Interactive comparison tool

Dig into the metrics

First Bancorp P/E ratio Merchants Bancorp P/E ratio First Bancorp dividend yield Merchants Bancorp dividend yield First Bancorp ROE Merchants Bancorp ROE First Bancorp operating margin Merchants Bancorp operating margin First Bancorp revenue growth Merchants Bancorp revenue growth

First Bancorp & Merchants Bancorp appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio Stocks

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.