MBWM Mercantile Bank Corp

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

Price (delayed)

$60.36

Market cap

$1.04B

P/E Ratio

10.74

Dividend/share

$1.56

EPS

$5.62

Enterprise value

$1.08B

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Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 83

Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank and Eastern Michigan Bank. Mercantile Bank and Eastern Michigan Bank provide financial products and ...

Highlights
The gross profit has increased by 18% YoY and by 3.9% QoQ
MBWM's revenue is up by 18% year-on-year and by 3.9% since the previous quarter
The P/E is 27% higher than the 5-year quarterly average of 8.6 and 13% higher than the last 4 quarters average of 9.6
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
-1.37%
1 week
-0.53%
1 month
1.45%
1 year
36.13%
YTD
25.49%
QTD
3.5%

Financial performance

How have Mercantile Bank's revenue and profit performed over time
Revenue
$275.22M
Gross profit
$275.22M
Operating income
$113.46M
Net income
$95.52M
Gross margin
100%
Net margin
34.7%
The gross profit has increased by 18% YoY and by 3.9% QoQ
MBWM's revenue is up by 18% year-on-year and by 3.9% since the previous quarter
The company's operating income rose by 13% YoY
Mercantile Bank's net income has increased by 12% YoY

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
10.74
P/B
1.4
P/S
3.79
EV/EBIT
9.53
EV/EBITDA
9.1
EV/Sales
3.93
The P/E is 27% higher than the 5-year quarterly average of 8.6 and 13% higher than the last 4 quarters average of 9.6
Mercantile Bank's EPS has increased by 7% YoY
MBWM's P/B is 18% above its 5-year quarterly average of 1.2 and 18% above its last 4 quarters average of 1.2
MBWM's equity is up by 13% year-on-year
The price to sales (P/S) is 28% higher than the 5-year quarterly average of 3.0 and 10% higher than the last 4 quarters average of 3.5
MBWM's revenue is up by 18% year-on-year and by 3.9% since the previous quarter

Efficiency

How efficient is Mercantile Bank business performance
MBWM's return on equity is down by 7% year-on-year and by 2.3% since the previous quarter
Mercantile Bank's ROS has decreased by 4.4% YoY and by 2.6% from the previous quarter

Dividends

What is MBWM's dividend history
Dividend details
DPS
$1.56
Dividend yield
2.58%
Payout ratio
27.8%
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
MBWM's total liabilities is up by 14% year-on-year and by 6% since the previous quarter
Mercantile Bank's total assets has increased by 14% YoY and by 5% QoQ
MBWM's debt is 10% less than its equity
The debt to equity has contracted by 20% YoY
MBWM's equity is up by 13% year-on-year

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