MBWM Mercantile Bank Corp

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

Price (delayed)

$36.08

Market cap

$581.49M

P/E Ratio

7.03

Dividend/share

$1.36

EPS

$5.13

Enterprise value

$1.29B

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
The P/E is 24% lower than the 5-year quarterly average of 8.9
The gross profit has increased by 19% YoY
Mercantile Bank's net income has increased by 35% YoY but it has decreased by 2.1% from the previous quarter
Mercantile Bank's EPS has increased by 33% YoY but it has decreased by 2.3% from the previous quarter
MBWM's debt is up by 31% YoY and by 10% 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
16.12M
Market cap
$581.49M
Enterprise value
$1.29B
Valuations
Price to earnings (P/E)
7.03
Price to book (P/B)
1.11
Price to sales (P/S)
2.65
EV/EBIT
12.53
EV/EBITDA
11.27
EV/Sales
5.9
Earnings
Revenue
$217.99M
EBIT
$102.7M
EBITDA
$114.2M
Free cash flow
$60.52M
Per share
EPS
$5.13
Free cash flow per share
$3.78
Book value per share
$32.58
Revenue per share
$13.6
TBVPS
$330.98
Balance sheet
Total assets
$5.35B
Total liabilities
$4.83B
Debt
$836.26M
Equity
$522.15M
Working capital
N/A
Liquidity
Debt to equity
1.6
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
6.18
Margins
EBITDA margin
52.4%
Gross margin
100%
Net margin
37.7%
Operating margin
47.1%
Efficiency
Return on assets
1.6%
Return on equity
16.9%
Return on invested capital
1.8%
Return on capital employed
N/A
Return on sales
47.1%
Dividend
Dividend yield
3.77%
DPS
$1.36
Payout ratio
26.5%

MBWM stock price

How has the Mercantile Bank stock price performed over time
Intraday
4.49%
1 week
0.95%
1 month
1.38%
1 year
25.15%
YTD
-10.65%
QTD
-6.26%

Financial performance

How have Mercantile Bank's revenue and profit performed over time
Revenue
$217.99M
Gross profit
$217.99M
Operating income
$102.7M
Net income
$82.22M
Gross margin
100%
Net margin
37.7%
The company's operating income rose by 36% YoY
Mercantile Bank's net income has increased by 35% YoY but it has decreased by 2.1% from the previous quarter
The gross profit has increased by 19% YoY
MBWM's revenue is up by 19% year-on-year

Growth

What is Mercantile Bank's growth rate over time

Valuation

What is Mercantile Bank stock price valuation
MBWM P/E details
P/E
7.03
P/B
1.11
P/S
2.65
EV/EBIT
12.53
EV/EBITDA
11.27
EV/Sales
5.9
Mercantile Bank's EPS has increased by 33% YoY but it has decreased by 2.3% from the previous quarter
The P/E is 24% lower than the 5-year quarterly average of 8.9
MBWM's equity is up by 18% year-on-year and by 8% since the previous quarter
MBWM's P/B is 3.6% below its 5-year quarterly average of 1.1 and 3.6% below its last 4 quarters average of 1.1
MBWM's revenue is up by 19% year-on-year
The price to sales (P/S) is 12% lower than the 5-year quarterly average of 2.9

Efficiency

How efficient is Mercantile Bank business performance
The ROA has increased by 33% YoY but it has decreased by 6% from the previous quarter
The ROIC is up by 29% YoY but it is down by 5% QoQ
MBWM's return on equity is up by 19% year-on-year but it is down by 6% since the previous quarter
Mercantile Bank's ROS has increased by 14% YoY

Dividends

What is MBWM's dividend history
Dividend details
DPS
$1.36
Dividend yield
3.77%
Payout ratio
26.5%
Recent dividends

Financial health

How did Mercantile Bank financials performed over time
Mercantile Bank's total assets is 11% 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
MBWM's debt is 60% more than its equity
MBWM's debt is up by 31% YoY and by 10% from the previous quarter
MBWM's equity is up by 18% year-on-year and by 8% since the previous quarter

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