CBU vs NBTB vs TRMK vs CNOB

For growth investors, Trustmark Corporation (TRMK) is the stronger pick with 34.

8% revenue growth year-over-year, versus -1. 3% for Community Bank System, Inc. (CBU). Trustmark Corporation (TRMK) offers the better valuation at 12. 1x trailing P/E (11. 5x forward), making it the more compelling value choice. Analysts rate ConnectOne Bancorp, Inc. (CNOB) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Trustmark Corporation (TRMK) is the cheapest at 12.

1x versus ConnectOne Bancorp, Inc. at 20. 2x. On forward P/E, ConnectOne Bancorp, Inc. is actually cheaper at 9. 3x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Trustmark Corporation wins at 1. 42x versus Community Bank System, Inc. 's 2. 57x — a reasonable growth-adjusted valuation.

Over the past 5 years, Trustmark Corporation (TRMK) delivered a total return of +47.

6%, compared to -10. 1% for Community Bank System, Inc. (CBU). Over 10 years, the gap is even starker: TRMK returned +127. 7% versus NBTB's +102. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Community Bank System, Inc.

(CBU) is the lower-risk stock at 0. 88β versus ConnectOne Bancorp, Inc. 's 1. 10β — meaning CNOB is approximately 26% more volatile than CBU relative to the S&P 500. On balance sheet safety, NBT Bancorp Inc. (NBTB) carries a lower debt/equity ratio of 17% versus 74% for ConnectOne Bancorp, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Trustmark Corporation (TRMK) is pulling ahead at 34.

8% versus -1. 3% for Community Bank System, Inc. (CBU). On earnings-per-share growth, the picture is similar: Community Bank System, Inc. grew EPS 15. 7% year-over-year, compared to -15. 9% for ConnectOne Bancorp, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Community Bank System, Inc.

(CBU) is the more profitable company, earning 22. 7% net margin versus 13. 3% for ConnectOne Bancorp, Inc. — meaning it keeps 22. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CBU leads at 31. 4% versus 18. 6% for CNOB. At the gross margin level — before operating expenses — CBU leads at 73. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Trustmark Corporation (TRMK) is the more undervalued stock at a PEG of 1. 42x versus Community Bank System, Inc. 's 2. 57x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, ConnectOne Bancorp, Inc. (CNOB) trades at 9. 3x forward P/E versus 13. 5x for Community Bank System, Inc. — 4. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CNOB: 13. 7% to $34. 00.

All stocks in this comparison pay dividends.

NBT Bancorp Inc. (NBTB) offers the highest yield at 3. 2%, versus 2. 1% for ConnectOne Bancorp, Inc. (CNOB).

For long-horizon retirement investors, Community Bank System, Inc.

(CBU) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 88), 2. 7% yield, +107. 2% 10Y return). Both have compounded well over 10 years (CBU: +107. 2%, CNOB: +109. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: CBU is a small-cap deep-value stock; NBTB is a small-cap deep-value stock; TRMK is a small-cap high-growth stock; CNOB is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.