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MBWM Mercantile Bank Corp
- Stocks
- Financial Services
- NASDAQ: MBWM
Price (delayed)
$43.76
Market cap
$710.45M
P/E Ratio
9.1
Dividend/share
$1.44
EPS
$4.81
Enterprise value
$1.07B
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 13% year-on-year and by 4.1% since the previous quarter
MBWM's debt is up by 15% from the previous quarter but it is down by 8% YoY
Mercantile Bank's EPS has decreased by 7% YoY and by 2.4% from the previous quarter
The P/E is 7% higher than the 5-year quarterly average of 8.5 and 4.9% higher than the last 4 quarters average of 8.7
Key stats
What are the main financial stats of MBWM
Market
Valuations
Earnings
Shares outstanding
16.24M
Market cap
$710.45M
Enterprise value
$1.07B
Price to earnings (P/E)
9.1
Price to book (P/B)
1.17
Price to sales (P/S)
3.19
EV/EBIT
11.26
EV/EBITDA
10.25
EV/Sales
4.83
Revenue
$222.3M
Gross profit
$222.3M
Operating income
$95.35M
Net income
$77.57M
EBIT
$95.35M
EBITDA
$104.72M
Free cash flow
$49.58M
Per share
Balance sheet
Liquidity
EPS
$4.81
EPS diluted
$4.81
Free cash flow per share
$3.06
Book value per share
$37.48
Revenue per share
$13.72
TBVPS
$376.08
Total assets
$6.14B
Total liabilities
$5.53B
Debt
$748.22M
Equity
$608.35M
Working capital
N/A
Debt to equity
1.23
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
3.46
Margins
Efficiency
Dividend
EBITDA margin
47.1%
Gross margin
100%
Net margin
34.9%
Operating margin
42.9%
Return on assets
1.3%
Return on equity
13.3%
Return on invested capital
1.5%
Return on capital employed
N/A
Return on sales
42.9%
Dividend yield
3.29%
DPS
$1.44
Payout ratio
29.9%
MBWM stock price
How has the Mercantile Bank stock price performed over time
Intraday
-0.32%
1 week
0.31%
1 month
6.42%
1 year
10.51%
YTD
-1.64%
QTD
0.74%
Financial performance
How have Mercantile Bank's revenue and profit performed over time
Revenue
$222.3M
Gross profit
$222.3M
Operating income
$95.35M
Net income
$77.57M
Gross margin
100%
Net margin
34.9%
MBWM's operating margin is down by 9% year-on-year and by 2.3% since the previous quarter
The company's operating income fell by 8% YoY and by 3% QoQ
MBWM's net margin is down by 7% YoY
Mercantile Bank's net income has decreased by 6% YoY and by 2.5% from the previous quarter
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
P/E
9.1
P/B
1.17
P/S
3.19
EV/EBIT
11.26
EV/EBITDA
10.25
EV/Sales
4.83
Mercantile Bank's EPS has decreased by 7% YoY and by 2.4% from the previous quarter
The P/E is 7% higher than the 5-year quarterly average of 8.5 and 4.9% higher than the last 4 quarters average of 8.7
MBWM's equity is up by 13% year-on-year and by 4.1% since the previous quarter
MBWM's P/B is 6% above its 5-year quarterly average of 1.1 but 2.5% below its last 4 quarters average of 1.2
The price to sales (P/S) is 14% higher than the 5-year quarterly average of 2.8 and 3.2% higher than the last 4 quarters average of 3.1
Efficiency
How efficient is Mercantile Bank business performance
The ROA has decreased by 19% YoY and by 7% from the previous quarter
MBWM's return on equity is down by 19% year-on-year and by 6% since the previous quarter
The ROIC is down by 17% YoY and by 6% QoQ
Mercantile Bank's ROS has decreased by 9% YoY and by 2.3% from the previous quarter
Dividends
What is MBWM's dividend history
DPS
$1.44
Dividend yield
3.29%
Payout ratio
29.9%
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 12% year-on-year
Mercantile Bank's total assets has increased by 12% YoY
MBWM's debt is 23% more than its equity
The debt to equity has contracted by 19% YoY but it has grown by 11% from the previous quarter
MBWM's debt is up by 15% from the previous quarter but it is down by 8% YoY
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.