NasdaqGS:MBTF

Stock Analysis Report

Executive Summary

MBT Financial Corp. operates as the bank holding company for the Monroe Bank & Trust that provides retail and commercial banking, and trust services to small and middle-market businesses and middle-income individuals.

Snowflake

Fundamentals

Excellent balance sheet with reasonable growth potential.

Risks

  • MBT Financial is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has MBT Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.9%

NasdaqGS:MBTF

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-15.1%

NasdaqGS:MBTF

-16.1%

US Banks

-3.0%

US Market

MBTF outperformed the Banks industry which returned -16.1% over the past year.

MBTF underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

MBTFIndustryMarket
7 Day-3.9%-1.8%-1.6%
30 Day-6.9%-10.1%-5.7%
90 Day1.5%-5.0%0.2%
1 Year-11.7%-15.1%-13.7%-16.1%-0.8%-3.0%
3 Year35.6%10.5%37.9%28.5%38.1%29.1%
5 Year147.4%86.6%49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is MBT Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MBT Financial undervalued based on future cash flows and its price relative to the stock market?

5%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

MBT Financial's share price is below the future cash flow value, but not at a moderate discount (< 20%).

MBT Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

MBT Financial is overvalued based on earnings compared to the US Banks industry average.

MBT Financial is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

MBT Financial is good value based on expected growth next year.


Price Based on Value of Assets

MBT Financial is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is MBT Financial expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

43.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

MBT Financial's revenue is expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).

MBT Financial's earnings are expected to grow significantly at over 20% yearly.

MBT Financial's revenue growth is expected to exceed the United States of America market average.

MBT Financial's earnings growth is expected to exceed the United States of America market average.

MBT Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if MBT Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has MBT Financial performed over the past 5 years?

0.06%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

MBT Financial's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

MBT Financial's 1-year earnings growth is negative, it can't be compared to the 5-year average.

MBT Financial's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

MBT Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

MBT Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if MBT Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is MBT Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

MBT Financial has an acceptable proportion of non-loan assets held.

MBT Financial has a low allowance for bad loans.

MBT Financial's liabilities are made up of primarily low risk sources of funding.

MBT Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at MBT Financial are broadly funded by customer deposits.

MBT Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is MBT Financial's current dividend yield, its reliability and sustainability?

4.17%

Expected Dividend Yield


Dividend Yield and Payments Analysis

MBT Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

MBT Financial's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1.1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of MBT Financial's salary, the management and board of directors tenure and is there insider trading?

12.6yrs

Average management tenure


CEO

Doug Chaffin (63yo)

15.6yrs

Tenure

US$1,030,914

Compensation

Mr. H. Douglas Chaffin, also known as Doug, has been the Chief Executive Officer of MBT Financial Corp. ("MBT") since April 5, 2004 and has been its President since 2003. Mr. Chaffin serves as the Chief Ex ...


CEO Compensation Analysis

Doug's remuneration is about average for companies of similar size in United States of America.

Doug's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

12.6yrs

Average Tenure

60.5yo

Average Age

The average tenure for the MBT Financial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

10.4yrs

Average Tenure

61yo

Average Age

The average tenure for the MBT Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by MBT Financial individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$8,80116 Aug 19
Joseph Daly
EntityIndividual
Role
Member of the Board of Directors
Director
Shares899
Max PriceUS$9.79
BuyUS$7,91624 May 19
Joseph Daly
EntityIndividual
Role
Member of the Board of Directors
Director
Shares802
Max PriceUS$9.87
BuyUS$7,85019 Feb 19
Joseph Daly
EntityIndividual
Role
Member of the Board of Directors
Director
Shares733
Max PriceUS$10.71
BuyUS$7,79326 Nov 18
Joseph Daly
EntityIndividual
Role
Member of the Board of Directors
Director
Shares701
Max PriceUS$11.12

Ownership Breakdown


Management Team

  • Doug Chaffin (63yo)

    President

    • Tenure: 15.6yrs
    • Compensation: US$1.03m
  • John Skibski (54yo)

    Executive VP

    • Tenure: 11.3yrs
    • Compensation: US$359.24k
  • Tom Myers (62yo)

    Executive VP

    • Tenure: 0.0yrs
    • Compensation: US$353.36k
  • David Rever

    MD of Investments

    • Tenure: 0.0yrs
  • Scott McKelvey (59yo)

    Executive VP & Secretary

    • Tenure: 12.6yrs
    • Compensation: US$341.40k
  • Gretchen Eyler

    Senior Vice President

    • Tenure: 0.0yrs
  • Diane Kamprath

    Managing Director of Operations & Compliance and Vice President

    • Tenure: 0.0yrs
  • Rich Spencer

    Chief Innovation & Information Officer and Senior VP

    • Tenure: 2.4yrs
  • Spencer Blunt

    Second VP & Commercial Credit Manager

    • Tenure: 2.2yrs
  • Tamara Jagodzinski

    Accounting Officer

    • Tenure: 0.0yrs

Board Members

  • Doug Chaffin (63yo)

    President

    • Tenure: 15.6yrs
    • Compensation: US$1.03m
  • Joseph Daly (59yo)

    Director

    • Tenure: 16.6yrs
    • Compensation: US$56.59k
  • Michael Miller (70yo)

    Chairman of the Board

    • Tenure: 9.6yrs
    • Compensation: US$67.68k
  • John Skibski (54yo)

    Executive VP

    • Tenure: 11.3yrs
    • Compensation: US$359.24k
  • Peter Carlton (70yo)

    Director

    • Tenure: 14.8yrs
    • Compensation: US$64.04k
  • Debra Shah (72yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$50.38k
  • Joseph Vig (49yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: US$46.63k
  • Tony Scavuzzo (37yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$48.06k
  • Jim Deutsch (64yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$50.56k
  • Kristine Barann (53yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: US$46.63k

Company Information

MBT Financial Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MBT Financial Corp.
  • Ticker: MBTF
  • Exchange: NasdaqGS
  • Founded: 1858
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$220.932m
  • Shares outstanding: 23.04m
  • Website: https://www.mbandt.com

Number of Employees


Location

  • MBT Financial Corp.
  • 102 East Front Street
  • Monroe
  • Michigan
  • 48161
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBTFNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 1993

Biography

MBT Financial Corp. operates as the bank holding company for the Monroe Bank & Trust that provides retail and commercial banking, and trust services to small and middle-market businesses and middle-income  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 23:41
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.