Camden National (CAC) vs Mercantile Bank (MBWM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Camden National (CAC) has outperformed Mercantile Bank (MBWM) over the past year, gaining 47.9% versus a gain of 28.3%. Over five years, MBWM leads with a +70.8% price change compared with +15.3% for CAC. Mercantile Bank is the larger company by market cap ($998.8 million vs $937.6 million), about 1.1 times the size.
On valuation, Camden National trades at a lower forward P/E (9.7x vs 10.1x for Mercantile Bank). Camden National offers the higher dividend yield (3.03% vs 2.67%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CAC | MBWM |
|---|---|---|
| Share price | $55.49 | $57.78 |
| Market cap | $937.62M | $998.78M |
| 1-day change | -1.58% | -0.72% |
| YTD return | +27.92% | +20.12% |
| 1-year return | +47.86% | +28.34% |
| 5-year return | +15.29% | +70.85% |
| P/E ratio (TTM) | 10.82 | 10.15 |
| Forward P/E | 9.67 | 10.05 |
| EPS (TTM) | $5.13 | $5.69 |
| Dividend yield | 3.03% | 2.67% |
| Annual dividend | $1.68 | $1.54 |
| 52-week high | $60.59 | $62.95 |
| 52-week low | $35.00 | $42.75 |
| Distance from 52-week high | -8.42% | -8.21% |
| Analyst consensus | none | none |
| Avg. price target upside | +7.41% | +9.33% |
| Average volume | 93.62K | 119.45K |
| Shares outstanding | 16.90M | 17.29M |
| Employees | 683 | 827 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CAC has outperformed MBWM by 19.5 percentage points over the past year.
About Camden National
CAC stock →Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in the United States. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.
Finance · Major Banks · 683 employees
About Mercantile Bank
MBWM stock →Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit.
Finance · Major Banks · 827 employees
CAC vs MBWM FAQ
Which is bigger, Camden National or Mercantile Bank?
Mercantile Bank (MBWM) is larger, with a market capitalization of $998.78M compared with $937.62M for Camden National (CAC).
Which stock has performed better over the past year, CAC or MBWM?
CAC returned +47.86% over the past 12 months, compared with +28.34% for MBWM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CAC or MBWM?
MBWM has the lower trailing P/E at 10.2, versus 10.8 for CAC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Camden National or Mercantile Bank?
Camden National has the higher yield at 3.03%, compared with 2.67% for Mercantile Bank.
Are Camden National and Mercantile Bank in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.