MBWM Mercantile Bank Corp

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

Price (delayed)

$35.05

Market cap

$561.66M

P/E Ratio

6.68

Dividend/share

$1.32

EPS

$5.25

Enterprise value

$1.06B

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
Mercantile Bank's net income has soared by 65% YoY and by 6% from the previous quarter
Mercantile Bank's EPS has soared by 63% YoY and by 6% from the previous quarter
MBWM's debt is up by 13% YoY but it is down by 8% from the previous quarter
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.mercbank.com
Peers: IBCP MCBC FITB SRCE

Key stats

What are the main financial stats of MBWM
Market
Shares outstanding
16.02M
Market cap
$561.66M
Enterprise value
$1.06B
Valuations
Price to earnings (P/E)
6.68
Price to book (P/B)
1.16
Price to sales (P/S)
2.57
EV/EBIT
10.12
EV/EBITDA
9.08
EV/Sales
4.84
Earnings
Revenue
$218.25M
EBIT
$104.36M
EBITDA
$116.31M
Free cash flow
$104.59M
Per share
EPS
$5.25
Free cash flow per share
$6.53
Book value per share
$30.17
Revenue per share
$13.62
TBVPS
$324.71
Balance sheet
Total assets
$5.25B
Total liabilities
$4.77B
Debt
$760.35M
Equity
$483.21M
Working capital
N/A
Liquidity
Debt to equity
1.57
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
4.25
Margins
EBITDA margin
53.3%
Gross margin
100%
Net margin
38.5%
Operating margin
47.8%
Efficiency
Return on assets
1.7%
Return on equity
18%
Return on invested capital
1.9%
Return on capital employed
N/A
Return on sales
47.8%
Dividend
Dividend yield
3.77%
DPS
$1.32
Payout ratio
25.1%

MBWM stock price

How has the Mercantile Bank stock price performed over time
Intraday
1.68%
1 week
0.37%
1 month
9.36%
1 year
1.45%
YTD
4.69%
QTD
13.39%

Financial performance

How have Mercantile Bank's revenue and profit performed over time
Revenue
$218.25M
Gross profit
$218.25M
Operating income
$104.36M
Net income
$83.99M
Gross margin
100%
Net margin
38.5%
Mercantile Bank's net income has soared by 65% YoY and by 6% from the previous quarter
The company's operating income has surged by 63% YoY and by 6% QoQ
MBWM's net margin is up by 34% YoY and by 2.1% from the previous quarter
MBWM's operating margin is up by 32% year-on-year and by 2.1% since the previous quarter

Growth

What is Mercantile Bank's growth rate over time

Valuation

What is Mercantile Bank stock price valuation
MBWM P/E details
P/E
6.68
P/B
1.16
P/S
2.57
EV/EBIT
10.12
EV/EBITDA
9.08
EV/Sales
4.84
Mercantile Bank's EPS has soared by 63% YoY and by 6% from the previous quarter
The P/E is 29% lower than the 5-year quarterly average of 9.3 and 3.4% lower than the last 4 quarters average of 6.8
MBWM's equity is up by 16% year-on-year
MBWM's P/B is 14% above its last 4 quarters average of 1.0 and 3.6% above its 5-year quarterly average of 1.1
MBWM's revenue is up by 23% year-on-year and by 3.9% since the previous quarter
The price to sales (P/S) is 13% lower than the 5-year quarterly average of 2.9 but 5% higher than the last 4 quarters average of 2.4

Efficiency

How efficient is Mercantile Bank business performance
The ROA has soared by 70% YoY and by 6% from the previous quarter
The ROIC has soared by 58% YoY and by 6% QoQ
MBWM's return on equity has surged by 54% year-on-year and by 2.3% since the previous quarter
Mercantile Bank's ROS has increased by 32% YoY and by 2.1% from the previous quarter

Dividends

What is MBWM's dividend history
Dividend details
DPS
$1.32
Dividend yield
3.77%
Payout ratio
25.1%
Recent dividends

Financial health

How did Mercantile Bank financials performed over time
Mercantile Bank's total assets is 10% higher than its total liabilities
Mercantile Bank's total assets has increased by 4.7% YoY and by 2.2% QoQ
MBWM's total liabilities is up by 3.6% year-on-year and by 2.3% since the previous quarter
MBWM's debt is 57% more than its equity
MBWM's equity is up by 16% year-on-year
MBWM's debt is up by 13% YoY but it is down by 8% from the previous quarter

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