Mercantile Bank Corporation (MBWM) vs Northeast Bank (NBN)
A side-by-side comparison of Mercantile Bank Corporation and Northeast Bank 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 — MBWM vs NBN
growth of $100 · dividends reinvested · last 10yMBWM vs NBN: by the numbers
- •NBN is the larger company ($1.04B vs $1.02B market cap).
- •NBN trades at the lower trailing earnings multiple (9.88 vs 10.41 P/E), one valuation lens rather than an overall verdict.
- •NBN converts more revenue to profit (28.16% vs 24.79% net margin).
- •NBN grew revenue faster over the past five years (21.05% vs 14.13% CAGR).
- •MBWM pays the higher dividend yield (2.63% vs 0.03%).
Metrics side by side
Valuation
| Metric | MBWM | NBN |
|---|---|---|
| P/E ratio | 10.41 | 9.88 |
| Forward P/E | 10.67 | 8.61 |
| PEG ratio | 0.69 | 1.19 |
| P/S ratio | 2.66 | 2.73 |
| P/B ratio | 1.35 | 1.73 |
Profitability
| Metric | MBWM | NBN |
|---|---|---|
| Operating margin | 28.78% | 38.56% |
| Net margin | 24.79% | 28.16% |
| ROE | 12.61% | 17.80% |
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.
Northeast Bank: 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 | MBWM | NBN |
|---|---|---|
| Dividend yield | 2.63% | 0.03% |
| Payout ratio | 27.46% | 0.31% |
Growth (annualized)
| Metric | MBWM | NBN |
|---|---|---|
| Revenue CAGR (5Y) | 14.13% | 21.05% |
| EPS CAGR (5Y) | 15.04% | 8.41% |
| Total return CAGR (5Y) | 16.02% | 28.02% |
Frequently asked
- Which has the lower trailing P/E, MBWM or NBN?
- NBN has the lower trailing P/E: MBWM trades at 10.41 and NBN at 9.88. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, MBWM or NBN?
- Over the past five years, NBN grew revenue faster — MBWM at a 14.13% CAGR versus NBN at 21.05%.
- Does MBWM or NBN pay a bigger dividend?
- MBWM yields 2.63% and NBN yields 0.03% based on trailing dividends and the latest price.
- Is MBWM or NBN more profitable?
- NBN runs the higher net margin — MBWM at 24.79% versus NBN at 28.16%.
- How have MBWM and NBN total returns compared?
- Over the past 10 years, MBWM delivered 12.20% and NBN delivered 27.22% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Mercantile Bank & Northeast 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.