HBT Financial vs Mercantile Bank
HBT Financial and Mercantile Bank are similar in size: $237m and $243m of revenue in their latest fiscal years. HBT Financial grew faster (5.6% against 4.8%). Mercantile Bank kept more of each dollar of sales as profit: a net margin of 36.6% against 32.5%.
| Latest fiscal year | HBT FinancialHBT, 2025 | Mercantile BankMBWM, 2025 |
|---|---|---|
| Revenue | $237m | $243m |
| Revenue growth | 5.6% | 4.8% |
| Net income | $77.0m | $88.8m |
| Operating margin | — | — |
| Net margin | 32.5% | 36.6% |
| Return on equity | 13.3% | 13.6% |
| Free cash flow | $85.1m | — |
| Cash | $122m | — |
| Total debt | $0 | $0 |
| Debt to equity | — | — |
| Dividend per share | $0.84 | $1.50 |
| Dividend yield | 2.1% | 2.5% |
| Share buybacks | $4.5m | — |
| Employees | 826 | — |
| Market value | $1.35bn | $1.05bn |
| Price vs our value range | — | — |
| Moat score | 73 (Strong) | 80 (Strong) |
| Insider trades, 12 months | 1 buys, 5 sales | 0 buys, 2 sales |