MBWM Mercantile Bank Corp

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

Price (delayed)

$61.73

Market cap

$1.07B

P/E Ratio

10.85

Dividend/share

$1.54

EPS

$5.69

Enterprise value

$1.42B

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Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 85

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
MBWM's equity is up by 20% year-on-year and by 2.5% since the previous quarter
Mercantile Bank's net income has increased by 17% YoY and by 3.6% from the previous quarter
The P/E is 28% higher than the 5-year quarterly average of 8.5 and 19% higher than the last 4 quarters average of 9.1
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
1.2%
1 week
3.32%
1 month
1.66%
1 year
26.73%
YTD
28.34%
QTD
7.51%

Financial performance

How have Mercantile Bank's revenue and profit performed over time
Revenue
$264.91M
Gross profit
$264.91M
Operating income
$111.95M
Net income
$95.21M
Gross margin
100%
Net margin
35.9%
Mercantile Bank's net income has increased by 17% YoY and by 3.6% from the previous quarter
MBWM's revenue is up by 16% year-on-year and by 4.4% since the previous quarter
The gross profit has increased by 16% YoY and by 4.4% QoQ
The company's operating income rose by 14% YoY and by 4.9% QoQ

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
10.85
P/B
1.41
P/S
4.03
EV/EBIT
12.64
EV/EBITDA
12.04
EV/Sales
5.34
The P/E is 28% higher than the 5-year quarterly average of 8.5 and 19% higher than the last 4 quarters average of 9.1
Mercantile Bank's EPS has increased by 13% YoY
MBWM's equity is up by 20% year-on-year and by 2.5% since the previous quarter
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
The price to sales (P/S) is 34% higher than the 5-year quarterly average of 3.0 and 19% higher than the last 4 quarters average of 3.4
MBWM's revenue is up by 16% year-on-year and by 4.4% since the previous quarter

Efficiency

How efficient is Mercantile Bank business performance
The ROA has increased by 8% YoY
The ROIC is up by 7% YoY
MBWM's return on equity is down by 2.2% year-on-year

Dividends

What is MBWM's dividend history
Dividend details
DPS
$1.54
Dividend yield
2.49%
Payout ratio
27.1%
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
Mercantile Bank's total assets has increased by 10% YoY
MBWM's total liabilities is up by 9% year-on-year but it is down by 2.3% since the previous quarter
MBWM's debt is 9% less than its equity
The debt to equity has contracted by 22% YoY and by 4.2% from the previous quarter
MBWM's equity is up by 20% year-on-year and by 2.5% since the previous quarter

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