Camden National vs Mercantile Bank
Camden National and Mercantile Bank are similar in size: $256m and $243m of revenue in their latest fiscal years. Camden National grew faster (44.5% against 4.8%). Mercantile Bank kept more of each dollar of sales as profit: a net margin of 36.6% against 25.5%.
| Latest fiscal year | Camden NationalCAC, 2025 | Mercantile BankMBWM, 2025 |
|---|---|---|
| Revenue | $256m | $243m |
| Revenue growth | 44.5% | 4.8% |
| Net income | $65.2m | $88.8m |
| Operating margin | — | — |
| Net margin | 25.5% | 36.6% |
| Return on equity | 10.6% | 13.6% |
| Free cash flow | $58.2m | — |
| Cash | $97.5m | — |
| Total debt | $582m | $0 |
| Debt to equity | — | — |
| Dividend per share | $1.68 | $1.50 |
| Dividend yield | 2.9% | 2.5% |
| Share buybacks | $0 | — |
| Employees | — | — |
| Market value | $984m | $1.05bn |
| Price vs our value range | — | — |
| Moat score | 70 (Strong) | 80 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 2 sales |