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MBWM

Mercantile Bank NasdaqGS:MBWM Stock Report

Last Price

US$30.29

Market Cap

US$484.5m

7D

0.4%

1Y

-18.1%

Updated

20 Mar, 2023

Data

Company Financials +

Mercantile Bank Corporation

NasdaqGS:MBWM Stock Report

Mkt Cap: US$484.5m

MBWM Stock Overview

About the company

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Rewards

Risk analysis

Snowflake Analysis

MBWM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance3/6
Financial Health6/6
Dividends5/6

My Notes

Capture your thoughts, links and company narrative

Mercantile Bank Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mercantile Bank
Historical stock prices
Current Share PriceUS$30.29
52 Week HighUS$39.03
52 Week LowUS$29.26
Beta1.02
1 Month Change-14.14%
3 Month Change-7.76%
1 Year Change-18.09%
3 Year Change54.86%
5 Year Change-11.23%
Change since IPO255.17%

Recent News & Updates

Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33

Jan 20
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33

Recent updates

Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33

Jan 20
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33

Mercantile Bank GAAP EPS of $1.01 beats by $0.03, revenue of $49.6M beats by $1.9M

Oct 18

Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32

Jul 22
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32

Mercantile Bank raises dividend by 3.2% to $0.32

Jul 19

Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To US$0.31

Jan 21
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To US$0.31

Shareholders May Be A Little Conservative With Mercantile Bank Corporation's (NASDAQ:MBWM) CEO Compensation For Now

May 20
Shareholders May Be A Little Conservative With Mercantile Bank Corporation's (NASDAQ:MBWM) CEO Compensation For Now

Mercantile Bank (NASDAQ:MBWM) Could Be A Buy For Its Upcoming Dividend

Feb 27
Mercantile Bank (NASDAQ:MBWM) Could Be A Buy For Its Upcoming Dividend

How Much Of Mercantile Bank Corporation (NASDAQ:MBWM) Do Insiders Own?

Feb 16
How Much Of Mercantile Bank Corporation (NASDAQ:MBWM) Do Insiders Own?

Shareholders Are Loving Mercantile Bank Corporation's (NASDAQ:MBWM) 3.9% Yield

Jan 21
Shareholders Are Loving Mercantile Bank Corporation's (NASDAQ:MBWM) 3.9% Yield

How Much Is Mercantile Bank's (NASDAQ:MBWM) CEO Getting Paid?

Dec 26
How Much Is Mercantile Bank's (NASDAQ:MBWM) CEO Getting Paid?

Have Insiders Sold Mercantile Bank Corporation (NASDAQ:MBWM) Shares Recently?

Dec 05
Have Insiders Sold Mercantile Bank Corporation (NASDAQ:MBWM) Shares Recently?

How Much Did Mercantile Bank's(NASDAQ:MBWM) Shareholders Earn From Share Price Movements Over The Last Three Years?

Dec 04
How Much Did Mercantile Bank's(NASDAQ:MBWM) Shareholders Earn From Share Price Movements Over The Last Three Years?

Shareholder Returns

MBWMUS BanksUS Market
7D0.4%-9.6%0.9%
1Y-18.1%-29.4%-13.7%

Return vs Industry: MBWM exceeded the US Banks industry which returned -29.4% over the past year.

Return vs Market: MBWM underperformed the US Market which returned -13.7% over the past year.

Price Volatility

Is MBWM's price volatile compared to industry and market?
MBWM volatility
MBWM Average Weekly Movement5.3%
Banks Industry Average Movement4.6%
Market Average Movement6.4%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market2.9%

Stable Share Price: MBWM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MBWM's weekly volatility (5%) has been stable over the past year.

Mercantile Bank Corporation Fundamentals Summary

How do Mercantile Bank's earnings and revenue compare to its market cap?
MBWM fundamental statistics
Market CapUS$484.49m
Earnings (TTM)US$61.06m
Revenue (TTM)US$182.97m

7.9x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MBWM income statement (TTM)
RevenueUS$182.97m
Cost of RevenueUS$0
Gross ProfitUS$182.97m
Other ExpensesUS$121.91m
EarningsUS$61.06m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.82
Gross Margin100.00%
Net Profit Margin33.37%
Debt/Equity Ratio150.9%

How did MBWM perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

33%

Payout Ratio