MBWM Mercantile Bank Corp

Price (delayed)

$32

Market cap

$517.07M

P/E Ratio

10.92

Dividend/share

$1.14

EPS

$2.93

Enterprise value

$447.77M

Highlights
Mercantile Bank's EPS has increased by 8% from the previous quarter
Mercantile Bank's net income has increased by 8% from the previous quarter
The P/E is 21% higher than the last 4 quarters average of 9.0 but 19% lower than the 5-year quarterly average of 13.4
MBWM's debt is up by 4.1% from the previous quarter

Key stats

What are the main financial stats of MBWM
Market
Shares outstanding
16.16M
Market cap
$517.07M
Enterprise value
$447.77M
Valuations
Price to earnings (P/E)
10.92
Price to book (P/B)
1.18
Price to sales (P/S)
3.26
EV/EBIT
7.56
EV/EBITDA
6.29
EV/Sales
2.8
Earnings
Revenue
$159.95M
EBIT
$59.25M
EBITDA
$71.15M
Free cash flow
$38.8M
Per share
EPS
$2.93
Free cash flow per share
$2.38
Book value per share
$27.14
Revenue per share
$9.82
TBVPS
$286.11
Balance sheet
Total assets
$4.71B
Total liabilities
$4.27B
Debt
$583.04M
Equity
$441.24M
Working capital
N/A
Liquidity
Debt to equity
1.32
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.97
Margins
EBITDA margin
44.5%
Gross margin
100%
Net margin
29.8%
Operating margin
37%
Efficiency
Return on assets
1.1%
Return on equity
11%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
37%
Dividend
Dividend yield
3.56%
DPS
$1.14
Payout ratio
38.9%

MBWM stock price

How has the Mercantile Bank stock price performed over time
Intraday
1.01%
1 week
-0.5%
1 month
-2.94%
1 year
39.37%
YTD
17.78%
QTD
-1.45%

Financial performance

How have Mercantile Bank's revenue and profit performed over time
Revenue
$159.95M
Gross profit
$159.95M
Operating income
$59.25M
Net income
$47.71M
Gross margin
100%
Net margin
29.8%
The company's operating income rose by 8% QoQ
Mercantile Bank's net income has increased by 8% from the previous quarter
MBWM's net margin is down by 8% YoY but it is up by 3.5% from the previous quarter
The gross profit has increased by 7% YoY and by 4.3% QoQ

Growth

What is Mercantile Bank's growth rate over time

Valuation

What is Mercantile Bank stock price valuation
P/E
10.92
P/B
1.18
P/S
3.26
EV/EBIT
7.56
EV/EBITDA
6.29
EV/Sales
2.8
The P/E is 21% higher than the last 4 quarters average of 9.0 but 19% lower than the 5-year quarterly average of 13.4
Mercantile Bank's EPS has increased by 8% from the previous quarter
MBWM's P/B is 31% above its last 4 quarters average of 0.9 but 9% below its 5-year quarterly average of 1.3
MBWM's equity is up by 5% year-on-year
The price to sales (P/S) is 21% higher than the last 4 quarters average of 2.7 but 12% lower than the 5-year quarterly average of 3.7
MBWM's revenue is up by 7% year-on-year and by 4.3% since the previous quarter

Efficiency

How efficient is Mercantile Bank business performance
The ROA has decreased by 15% YoY but it has increased by 10% from the previous quarter
The ROIC is down by 13% YoY
MBWM's return on equity is up by 7% since the previous quarter but it is down by 7% year-on-year
Mercantile Bank's ROS has decreased by 6% YoY but it has increased by 3.4% from the previous quarter

Dividends

What is MBWM's dividend history
DPS
$1.14
Dividend yield
3.56%
Payout ratio
38.9%
Recent dividends

Financial health

How did Mercantile Bank financials performed over time
Mercantile Bank's total assets is 10% higher than its total liabilities
MBWM's total liabilities is up by 32% year-on-year and by 7% since the previous quarter
Mercantile Bank's total assets has increased by 29% YoY and by 6% QoQ
MBWM's debt is 32% more than its equity
MBWM's equity is up by 5% year-on-year
The debt to equity has grown by 3.9% from the previous quarter but it has contracted by 3.6% YoY

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