MBWM Mercantile Bank Corp

  1. Stocks
  2. Financial Services
  3. NASDAQ: MBWM

Price (delayed)

$52.62

Market cap

$908.98M

P/E Ratio

9.43

Dividend/share

$1.52

EPS

$5.58

Enterprise value

$1.03B

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Relative Growth: Rel. Growth: 88
Relative Strength: Rel. Strength: 54
Relative Valuation: Rel. Valuation: 84
Relative Profitability: Rel. Profitability: 88

Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. Mercantile provides banking services to businesses, individuals and governmental units, and differentiates ...

Highlights
MBWM's equity is up by 21% year-on-year
Mercantile Bank's net income has increased by 18% YoY and by 3.5% from the previous quarter
The P/E is 9% higher than the 5-year quarterly average of 8.4 and 2.5% higher than the last 4 quarters average of 8.9
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.mercbank.com
Peers: IBCP FITB SRCE

Key stats

What are the main financial stats of MBWM

MBWM stock price

How has the Mercantile Bank stock price performed over time
Intraday
3.36%
1 week
-0.4%
1 month
3.01%
1 year
20.49%
YTD
9.4%
QTD
4.2%

Financial performance

How have Mercantile Bank's revenue and profit performed over time
Revenue
$253.69M
Gross profit
$253.69M
Operating income
$106.73M
Net income
$91.9M
Gross margin
100%
Net margin
36.2%
Mercantile Bank's net income has increased by 18% YoY and by 3.5% from the previous quarter
The gross profit has increased by 14% YoY and by 6% QoQ
MBWM's revenue is up by 14% year-on-year and by 6% since the previous quarter
The company's operating income rose by 12% YoY and by 3.1% QoQ

Price vs fundamentals

How does MBWM's price correlate with its fundamentals

Growth

What is Mercantile Bank's growth rate over time

Valuation

What is Mercantile Bank stock price valuation
MBWM P/E details
P/E
9.43
P/B
1.23
P/S
3.58
EV/EBIT
9.68
EV/EBITDA
9.18
EV/Sales
4.07
Mercantile Bank's EPS has increased by 16% YoY and by 2% from the previous quarter
The P/E is 9% higher than the 5-year quarterly average of 8.4 and 2.5% higher than the last 4 quarters average of 8.9
MBWM's equity is up by 21% year-on-year
MBWM's P/B is 8% above its 5-year quarterly average of 1.1 and 8% above its last 4 quarters average of 1.1
The price to sales (P/S) is 19% higher than the 5-year quarterly average of 2.9 and 4.8% higher than the last 4 quarters average of 3.3
MBWM's revenue is up by 14% year-on-year and by 6% since the previous quarter

Efficiency

How efficient is Mercantile Bank business performance
The ROA has increased by 8% YoY
The ROIC is up by 7% YoY
Mercantile Bank's ROS has decreased by 2.5% from the previous quarter

Dividends

What is MBWM's dividend history
Dividend details
DPS
$1.52
Dividend yield
2.89%
Payout ratio
27.2%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Mercantile Bank financials performed over time
Mercantile Bank's total assets is 12% higher than its total liabilities
Mercantile Bank's total assets has increased by 13% YoY
MBWM's total liabilities is up by 12% year-on-year
MBWM's debt is 4.6% less than its equity
The debt to equity has contracted by 23% YoY and by 6% from the previous quarter
MBWM's equity is up by 21% year-on-year

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.