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.
Snowflake Analysis
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
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Mercantile Bank Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$30.29 |
| 52 Week High | US$39.03 |
| 52 Week Low | US$29.26 |
| Beta | 1.02 |
| 1 Month Change | -14.14% |
| 3 Month Change | -7.76% |
| 1 Year Change | -18.09% |
| 3 Year Change | 54.86% |
| 5 Year Change | -11.23% |
| Change since IPO | 255.17% |
Recent News & Updates
Recent updates
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33
Jan 20
Mercantile Bank GAAP EPS of $1.01 beats by $0.03, revenue of $49.6M beats by $1.9M
Oct 18Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32
Jul 22Mercantile Bank raises dividend by 3.2% to $0.32
Jul 19Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To US$0.31
Jan 21Shareholders May Be A Little Conservative With Mercantile Bank Corporation's (NASDAQ:MBWM) CEO Compensation For Now
May 20Mercantile Bank (NASDAQ:MBWM) Could Be A Buy For Its Upcoming Dividend
Feb 27How Much Of Mercantile Bank Corporation (NASDAQ:MBWM) Do Insiders Own?
Feb 16Shareholders Are Loving Mercantile Bank Corporation's (NASDAQ:MBWM) 3.9% Yield
Jan 21
How Much Is Mercantile Bank's (NASDAQ:MBWM) CEO Getting Paid?
Dec 26Have Insiders Sold Mercantile Bank Corporation (NASDAQ:MBWM) Shares Recently?
Dec 05How Much Did Mercantile Bank's(NASDAQ:MBWM) Shareholders Earn From Share Price Movements Over The Last Three Years?
Dec 04Shareholder Returns
| MBWM | US Banks | US Market | |
|---|---|---|---|
| 7D | 0.4% | -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
| MBWM volatility | |
|---|---|
| MBWM Average Weekly Movement | 5.3% |
| Banks Industry Average Movement | 4.6% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 2.9% |
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
| MBWM fundamental statistics | |
|---|---|
| Market Cap | US$484.49m |
| Earnings (TTM) | US$61.06m |
| Revenue (TTM) | US$182.97m |
7.9x
P/E Ratio1.1x
P/B RatioIs MBWM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MBWM income statement (TTM) | |
|---|---|
| Revenue | US$182.97m |
| Cost of Revenue | US$0 |
| Gross Profit | US$182.97m |
| Other Expenses | US$121.91m |
| Earnings | US$61.06m |
Last Reported Earnings
Dec 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.82 |
| Gross Margin | 100.00% |
| Net Profit Margin | 33.37% |
| Debt/Equity Ratio | 150.9% |
How did MBWM perform over the long term?
See historical performance and comparison