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Mercantile Bank (MBWM)

Profile

Full Name

Mercantile Bank Corporation

Ticker Symbol

MBWM

Exchange

NASDAQ

Sector

Financial Services

Industry

Banks - Regional

Country

United States

IPO

July 20, 1999

Indexes

Not included

Website

http://www.mercbank.com

Employees

648

Key Details

Price

$38.53(-0.77%)

Market cap

$625.38M(Small cap)

Last Dividend

$0.37

TTM Dividend yield

3.74%

Annual revenue

$231.47M(+2.56% YoY)

Annual EPS

$4.93(-3.90% YoY)

PE ratio

7.78

Next earnings date

Apr 22, 2025

Next ex-dividend date

N/A

Next split date

N/A

Price

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Current Price

$38.53
MBWM price is $38.53

30-Day Relative Volume

0.59
MBWM 30-day relative volume is 0.59

Price Performance

Price Most recent change

-0.77%
MBWM price was down -0.77% on Apr 11, 2025

Price YTD change

-13.4%
MBWM price is down -13.4% since January 1st

Price 1-year change

+8.41%
MBWM price is up +8.41% year-on-year

Price 3-year change

+14.33%
MBWM price is up +14.33% over the past 3 years

Price Range

Price All-time high

$52.98
MBWM price is currently -27.27% below its historical high of $52.98

Price 3-year low

$23.89
MBWM price is currently +61.28% above its 3-year low

Capitalization

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Market cap

Market cap

$625.38M
MBWM market capitalization is $625.38 million

Market cap 3-year change

+17.13%
MBWM market capitalization is up +17.13% over the past 3 years

Market cap All-time high

$836.22M
MBWM market capitalization is currently -25.21% below its historical high of $836.22 million

Market cap sector rank

52.75%
MBWM market capitalization is higher than 52.75% of companies in Financial Services sector

Shares Outstanding

Shares Outstanding 1-Year Change

+0.67%
MBWM shares outstanding is up +0.67% year-on-year

Shares Outstanding 3-Year Change

+2.45%
MBWM shares outstanding is up +2.45% over the past 3 years

Technical Indicators

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Beta

-
MBWM beta value is unknown

200-day SMA

$45.34
MBWM price is currently -15.02% below its 200-day simple moving average

50-day SMA

$45.63
MBWM price is currently -15.56% below its 50-day simple moving average

RSI

-
MBWM 14-day relative strength index value is unknown

Volume

0.59
MBWM 30-day relative volume is 0.59

ATR

-
MBWM average true range value is unknown

10-day Historical Volatility

-
MBWM 10-day historical volatility value is unknown

Dividend

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Events

Last Paid Dividend

$0.37
MBWM last dividend was $0.37 per share, with an ex-dividend date of March 7, 2025

Next Dividend

-
MBWM next dividend has not yet been announced

Dividend per share

Dividend per share

$1.40
MBWM annual dividend per share is $1.40

Dividend per share Sector Rank

70.86%
MBWM annual dividend per share is higher than 70.86% of companies in Financial Services sector

Dividend per share 1-Year Change

+4.48%
MBWM annual dividend per share is up +4.48% year-on-year

Dividend per share 3-Year Change

+18.64%
MBWM annual dividend per share is up +18.64% over the past 3 years

Dividend yield

Dividend yield

3.63%
MBWM annual dividend yield is 3.63%

Dividend yield Sector Rank

35.73%
MBWM annual dividend yield is higher than 35.73% of companies in Financial Services sector

Other

Payout ratio

28.23%
MBWM annual payout ratio is 28.23%

Dividends paid

$22.47M
MBWM annual dividends paid is $22.47 million

Free cash flow

$92.59M
MBWM annual free cash flow is $92.59 million

Income Statement

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Revenue

Revenue

$231.47M
MBWM annual revenue is $231.47 million

Revenue Analysts estimate

$237.06M
MBWM annual revenue is currently -2.36% lower than the consensus analysts' forecast

Revenue 1-year change

+2.56%
MBWM annual revenue is up +2.56% year-on-year

Revenue Sector rank

58.47%
MBWM annual revenue is higher than 58.47% of companies in Financial Services sector

EPS

EPS

$4.93
MBWM annual earnings per share is $4.93

EPS Analysts estimate

$4.83
MBWM annual earnings per share is currently +2.07% higher than the consensus analysts' forecast

EPS 1-year change

-3.9%
MBWM annual earnings per share is down -3.9% year-on-year

EPS Sector rank

82.51%
MBWM annual earnings per share is higher than 82.51% of companies in Financial Services sector

Profit

Gross profit

-
MBWM annual gross profit value is unknown

Gross margin

-
MBWM annual gross profit margin value is unknown

Operating profit

-
MBWM annual operating income value is unknown

Operating margin

-
MBWM annual operating profit margin value is unknown

Net income

$79.59M
MBWM annual net profit is $79.59 million

Net margin

34.39%
MBWM annual net profit margin is 34.39%

Expenses

Total expenses

-
MBWM annual total expenses value is unknown

Operating expenses

$82.03M
MBWM annual total operating expenses is $82.03 million

Cost of goods sold

-
MBWM annual cost of goods sold value is unknown

Selling, general & administrative expenses

$82.03M
MBWM annual SGA is $82.03 million

Depreciation and amortization

$10.51M
MBWM annual depreciation & amortization is $10.51 million

Interest expense

-
MBWM annual interest expense value is unknown

Income tax

$18.69M
MBWM annual income tax is $18.69 million

EBIT & EBITDA

EBIT

$228.70M
MBWM annual earnings before interest & taxes is $228.70 million

EBITDA

$239.21M
MBWM annual EBITDA is $239.21 million

Balance Sheet

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Assets

Total assets

$6.05B
MBWM annual total assets is $6.05 billion

Non current assets

$5.54B
MBWM annual long term assets is $5.54 billion

Current assets

$1.12B
MBWM annual total current assets is $1.12 billion

Cash and cash equivalents

$393.01M
MBWM annual cash & cash equivalents is $393.01 million

Accounts receivable

-
MBWM annual accounts receivable value is unknown

Inventory

-
MBWM annual inventory value is unknown

Liabilities

Total liabilities

$5.47B
MBWM annual total liabilities is $5.47 billion

Long term liabilities

$5.23B
MBWM annual total long term liabilities is $5.23 billion

Current liabilities

$121.52M
MBWM annual total current liabilities is $121.52 million

Accounts payable

-
MBWM annual accounts payable value is unknown

Debt

Total debt

$526.73M
MBWM annual total debt is $526.73 million

Total debt 1-year change

-13.16%
MBWM annual total debt is down -13.16% year-on-year

Long term debt

$526.73M
MBWM annual long term debt is $526.73 million

Short term debt

-
MBWM annual short term debt value is unknown

Equity & Capital

Shareholders equity

$584.53M
MBWM annual stockholders equity is $584.53 million

Book value

$584.53M
MBWM annual book value is $584.53 million

Retained earnings

$334.65M
MBWM annual retained earnings is $334.65 million

Working capital

$1.00B
MBWM annual working capital is $1.00 billion

Cash Flow Statement

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Cashflow Activities

Cash from operations

$101.12M
MBWM annual cash flow from operations is $101.12 million

Cash from operations 1-year change

+51.8%
MBWM annual cash flow from operations is up +51.8% year-on-year

Cash from investing

-$425.44M
MBWM annual cash flow from investing activities is -$425.44 million

Cash from investing 1-year change

-7.45%
MBWM annual cash flow from investing activities is down -7.45% year-on-year

Cash from financing

$586.79M
MBWM annual cash flow from financing activities is $586.79 million

Cash from financing 1-year change

+61.62%
MBWM annual cash flow from financing activities is up +61.62% year-on-year

CAPEX

CAPEX

$8.53M
MBWM annual capital expenditures is $8.53 million

CAPEX 1-year change

+27.56%
MBWM annual capital expenditures is up +27.56% year-on-year

Free Cash Flow

Free cash flow

$92.59M
MBWM annual free cash flow is $92.59 million

Free cash flow 1-year change

+54.5%
MBWM annual free cash flow is up +54.5% year-on-year

Profitability Ratios

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Margins

Gross margin

-
MBWM annual gross profit margin value is unknown

Operating margin

-
MBWM annual operating profit margin value is unknown

Net margin

34.39%
MBWM annual net profit margin is 34.39%

ROA & ROE

ROA

1.40%
MBWM annual return on assets is 1.40%

ROE

14.38%
MBWM annual return on equity is 14.38%

Valuation

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PE Ratio

PE ratio

7.78
MBWM price to earnings ratio is 7.78

PE ratio Sector rank

10.51%
MBWM price to earnings ratio is higher than 10.51% of companies in Financial Services sector

PB Ratio

PB ratio

1.07
MBWM price to book ratio is 1.07

PB ratio Sector rank

52.55%
MBWM price to book ratio is higher than 52.55% of companies in Financial Services sector

PS Ratio

PS ratio

2.70
MBWM price to sales ratio is 2.70

PS ratio Sector rank

53.42%
MBWM price to sales ratio is higher than 53.42% of companies in Financial Services sector

Enterprise value

Enterprise value

$759.09M
MBWM enterprise value is $759.09 million

Enterprise value Sector rank

52.52%
MBWM enterprise value is higher than 52.52% of companies in Financial Services sector

EV/EBITDA

EV/EBITDA

3.17
MBWM EV/EBITDA is 3.17

EV/EBITDA Sector rank

45.77%
MBWM EV/EBITDA is higher than 45.77% of companies in Financial Services sector

Financial Health

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Liquidity

Current ratio

9.24
MBWM annual current ratio is 9.24

Quick ratio

-
MBWM annual quick ratio value is unknown

Leverage

Debt to equity

0.90
MBWM annual debt to equity ratio is 0.90

Interest coverage ratio

-
MBWM annual interest coverage ratio value is unknown

Risk & Stability

Piotroski F-Score

-
MBWM piotroski f-score value is unknown

Altman Z-Score

0.51
MBWM altman z-score is 0.51

Analyst ratings

Recent major analysts updates

Jan 22, 25 Keefe, Bruyette & Woods
Outperform
Dec 4, 24 Keefe, Bruyette & Woods
Outperform
Jul 17, 24 Piper Sandler
Neutral
Jul 17, 24 Keefe, Bruyette & Woods
Outperform
Apr 17, 24 Keefe, Bruyette & Woods
Outperform
Mar 7, 23 Piper Sandler
Overweight
Jan 18, 23 Raymond James
Market Perform
Oct 19, 22 Raymond James
Outperform
Oct 6, 22 Raymond James
Outperform
Mar 2, 22 Raymond James
Strong Buy

Institutional Ownership

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  • What is the ticker symbol for Mercantile Bank?
  • Does Mercantile Bank pay dividends?
  • What sector is Mercantile Bank in?
  • What industry is Mercantile Bank in?
  • What country is Mercantile Bank based in?
  • When did Mercantile Bank go public?
  • Is Mercantile Bank in the S&P 500?
  • Is Mercantile Bank in the NASDAQ 100?
  • Is Mercantile Bank in the Dow Jones?
  • When was Mercantile Bank's last earnings report?
  • When does Mercantile Bank report earnings?
  • Should I buy Mercantile Bank stock now?

What is the ticker symbol for Mercantile Bank?

The ticker symbol for Mercantile Bank is NASDAQ:MBWM

Does Mercantile Bank pay dividends?

Yes, Mercantile Bank pays dividends. The last payment was $0.37, with an ex-dividend date on March 7, 2025

What sector is Mercantile Bank in?

Mercantile Bank is in the Financial Services sector

What industry is Mercantile Bank in?

Mercantile Bank is in the Banks - Regional industry

What country is Mercantile Bank based in?

Mercantile Bank is headquartered in United States

When did Mercantile Bank go public?

Mercantile Bank's initial public offering (IPO) was on July 20, 1999

Is Mercantile Bank in the S&P 500?

No, Mercantile Bank is not included in the S&P 500 index

Is Mercantile Bank in the NASDAQ 100?

No, Mercantile Bank is not included in the NASDAQ 100 index

Is Mercantile Bank in the Dow Jones?

No, Mercantile Bank is not included in the Dow Jones index

When was Mercantile Bank's last earnings report?

Mercantile Bank's most recent earnings report was on Jan 21, 2025

When does Mercantile Bank report earnings?

The next expected earnings date for Mercantile Bank is Apr 22, 2025

Should I buy Mercantile Bank stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions
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