Which has the lower trailing P/E, FMNB or MSBI?

FMNB has the lower trailing P/E: FMNB trades at 10.61 and MSBI at 20.51. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, FMNB or MSBI?

Over the past five years, FMNB grew revenue faster — FMNB at a 13.43% CAGR versus MSBI at 7.02%.

Does FMNB or MSBI pay a bigger dividend?

FMNB yields 4.52% and MSBI yields 3.89% based on trailing dividends and the latest price.

Is FMNB or MSBI more profitable?

FMNB runs the higher net margin — FMNB at 20.84% versus MSBI at 9.71%.

How have FMNB and MSBI total returns compared?

Over the past 10 years, FMNB delivered 7.40% and MSBI delivered 7.19% annualized total return. Past performance doesn't predict future results.

Farmers National Banc Corp. (FMNB) vs Midland States Bancorp, Inc. (MSBI)

A side-by-side comparison of Farmers National Banc Corp. and Midland States Bancorp, Inc. 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.

FMNB

Farmers National Banc Corp.

$679M

$15.28Financial ServicesDelayed quote: Oct 6, 2026, 1:55 PM EDT

MSBI

Midland States Bancorp, Inc.

$681M

$32.81Financial ServicesDelayed quote: Oct 6, 2026, 1:54 PM EDT

Total return — FMNB vs MSBI

growth of $100 · dividends reinvested · last 10y

FMNB +102.7% (+7.3%/yr)MSBI +100.1% (+7.2%/yr)FMNB compounded faster over this window

FMNB MSBI

FMNB vs MSBI: by the numbers

•MSBI is the larger company ($681M vs $679M market cap).
•FMNB trades at the lower trailing earnings multiple (10.61 vs 20.51 P/E), one valuation lens rather than an overall verdict.
•FMNB converts more revenue to profit (20.84% vs 9.71% net margin).
•FMNB grew revenue faster over the past five years (13.43% vs 7.02% CAGR).
•FMNB pays the higher dividend yield (4.52% vs 3.89%).

Metrics side by side

Valuation

Metric	FMNB	MSBI
P/E ratio	10.61	20.51
Forward P/E	9.71	9.82
P/S ratio	2.37	1.54
P/B ratio	0.87	1.48

Profitability

Metric	FMNB	MSBI
Operating margin	25.27%	-22.08%
Net margin	20.84%	9.71%
ROE	7.61%	7.55%

Farmers National Banc 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.

Midland States Bancorp, Inc.: 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	FMNB	MSBI
Dividend yield	4.52%	3.89%
Payout ratio	47.92%	80.63%

Growth (annualized)

Metric	FMNB	MSBI
Revenue CAGR (5Y)	13.43%	7.02%
EPS CAGR (5Y)	-0.27%	N/A
Total return CAGR (5Y)	3.03%	10.69%

Frequently asked

Which has the lower trailing P/E, FMNB or MSBI?: FMNB has the lower trailing P/E: FMNB trades at 10.61 and MSBI at 20.51. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FMNB or MSBI?: Over the past five years, FMNB grew revenue faster — FMNB at a 13.43% CAGR versus MSBI at 7.02%.
Does FMNB or MSBI pay a bigger dividend?: FMNB yields 4.52% and MSBI yields 3.89% based on trailing dividends and the latest price.
Is FMNB or MSBI more profitable?: FMNB runs the higher net margin — FMNB at 20.84% versus MSBI at 9.71%.
How have FMNB and MSBI total returns compared?: Over the past 10 years, FMNB delivered 7.40% and MSBI delivered 7.19% annualized total return. Past performance doesn't predict future results.

Go deeper

Full FMNB analysis Full MSBI analysis Interactive comparison tool

Dig into the metrics

Farmers National Banc P/E ratio Midland States Bancorp P/E ratio Farmers National Banc dividend yield Midland States Bancorp dividend yield Farmers National Banc ROE Midland States Bancorp ROE Farmers National Banc operating margin Midland States Bancorp operating margin Farmers National Banc revenue growth Midland States Bancorp revenue growth

Farmers National Banc & Midland States Bancorp appear in these rankings

Highest Dividend Yield 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.