MBWM Mercantile Bank Corp
Price (delayed)
$43.98
Market cap
$713.84M
P/E Ratio
8.92
Dividend/share
$1.44
EPS
$4.93
Enterprise value
$969.07M
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 debt is down by 22% YoY and by 17% from the previous quarter
MBWM's equity is up by 12% year-on-year
The P/E is 8% higher than the last 4 quarters average of 8.3 and 7% higher than the 5-year quarterly average of 8.4
Mercantile Bank's EPS has decreased by 3.9% YoY
Key stats
What are the main financial stats of MBWM
Market
Valuations
Earnings
Shares outstanding
16.23M
Market cap
$713.84M
Enterprise value
$969.07M
Price to earnings (P/E)
8.92
Price to book (P/B)
1.21
Price to sales (P/S)
3.17
EV/EBIT
9.86
EV/EBITDA
8.91
EV/Sales
4.32
Revenue
$224.08M
Gross profit
$224.08M
Operating income
$98.29M
Net income
$79.59M
EBIT
$98.29M
EBITDA
$108.79M
Free cash flow
$92.87M
Per share
Balance sheet
Liquidity
EPS
$4.93
EPS diluted
$4.93
Free cash flow per share
$5.75
Book value per share
$36.21
Revenue per share
$13.88
TBVPS
$371.87
Total assets
$6.05B
Total liabilities
$5.47B
Debt
$648.25M
Equity
$584.53M
Working capital
N/A
Debt to equity
1.11
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.35
Margins
Efficiency
Dividend
EBITDA margin
48.6%
Gross margin
100%
Net margin
35.5%
Operating margin
43.9%
Return on assets
1.4%
Return on equity
14.1%
Return on invested capital
1.6%
Return on capital employed
N/A
Return on sales
43.9%
Dividend yield
3.27%
DPS
$1.44
Payout ratio
29.2%
MBWM stock price
How has the Mercantile Bank stock price performed over time
Intraday
-0.43%
1 week
-3.87%
1 month
-10.77%
1 year
20.72%
YTD
-1.15%
QTD
-1.15%
Financial performance
How have Mercantile Bank's revenue and profit performed over time
Revenue
$224.08M
Gross profit
$224.08M
Operating income
$98.29M
Net income
$79.59M
Gross margin
100%
Net margin
35.5%
MBWM's operating margin is down by 7% year-on-year and by 2.7% since the previous quarter
MBWM's net margin is down by 6% YoY
The company's operating income fell by 4.3% YoY
The gross profit has increased by 2.8% YoY
Growth
What is Mercantile Bank's growth rate over time
Valuation
What is Mercantile Bank stock price valuation
P/E
8.92
P/B
1.21
P/S
3.17
EV/EBIT
9.86
EV/EBITDA
8.91
EV/Sales
4.32
The P/E is 8% higher than the last 4 quarters average of 8.3 and 7% higher than the 5-year quarterly average of 8.4
Mercantile Bank's EPS has decreased by 3.9% YoY
MBWM's equity is up by 12% year-on-year
MBWM's P/B is 11% above its 5-year quarterly average of 1.1
The price to sales (P/S) is 14% higher than the 5-year quarterly average of 2.8 and 6% higher than the last 4 quarters average of 3.0
MBWM's revenue is up by 2.8% year-on-year
Efficiency
How efficient is Mercantile Bank business performance
MBWM's return on equity is down by 17% year-on-year and by 3.4% since the previous quarter
The ROA has decreased by 13% YoY
The ROIC is down by 11% YoY
Mercantile Bank's ROS has decreased by 7% YoY and by 2.7% from the previous quarter
Dividends
What is MBWM's dividend history
DPS
$1.44
Dividend yield
3.27%
Payout ratio
29.2%
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 11% higher than its total liabilities
MBWM's total liabilities is up by 13% year-on-year and by 2.5% since the previous quarter
Mercantile Bank's total assets has increased by 13% YoY and by 2.3% QoQ
MBWM's debt is 11% more than its equity
The debt to equity has contracted by 31% YoY and by 17% from the previous quarter
MBWM's debt is down by 22% YoY and by 17% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.