MBWM Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| 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$45.43 |
| 52 Week High | US$52.98 |
| 52 Week Low | US$33.46 |
| Beta | 1 |
| 1 Month Change | -9.84% |
| 3 Month Change | 3.72% |
| 1 Year Change | 11.54% |
| 3 Year Change | 29.58% |
| 5 Year Change | 23.86% |
| Change since IPO | 432.70% |
Recent News & Updates
Recent updates
A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation
Oct 15Mercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.36
Aug 21
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36
Jul 19Mercantile Bank: Q2 2024 Earnings Spike The Price
Jul 17Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next
Apr 19Mercantile Bank: A Fantastic Prospect For Investors To Bank On
Apr 14Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Jan 22Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67
Jan 19Mercantile Bank: Analysis Of Q4 2023 Earnings, Maintain Hold
Jan 19Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Aug 28Mercantile Bank (NASDAQ:MBWM) Has Announced That It Will Be Increasing Its Dividend To $0.34
Aug 14Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Jul 21Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Apr 21Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33
Jan 20Mercantile 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 21Shareholder Returns
| MBWM | US Banks | US Market | |
|---|---|---|---|
| 7D | -7.6% | -3.4% | -2.4% |
| 1Y | 11.5% | 29.1% | 23.3% |
Return vs Industry: MBWM underperformed the US Banks industry which returned 29.1% over the past year.
Return vs Market: MBWM underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| MBWM volatility | |
|---|---|
| MBWM Average Weekly Movement | 6.7% |
| Banks Industry Average Movement | 5.2% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: MBWM has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MBWM's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 648 | Ray Reitsma | www.mercbank.com |
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.
Mercantile Bank Corporation Fundamentals Summary
| MBWM fundamental statistics | |
|---|---|
| Market cap | US$733.33m |
| Earnings (TTM) | US$80.00m |
| Revenue (TTM) | US$222.19m |
9.2x
P/E Ratio1.3x
P/B RatioIs MBWM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MBWM income statement (TTM) | |
|---|---|
| Revenue | US$222.19m |
| Cost of Revenue | US$0 |
| Gross Profit | US$222.19m |
| Other Expenses | US$142.19m |
| Earnings | US$80.00m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.96 |
| Gross Margin | 100.00% |
| Net Profit Margin | 36.00% |
| Debt/Equity Ratio | 138.5% |
How did MBWM perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield28%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:28 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mercantile Bank Corporation is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Reevey | D.A. Davidson & Co. |
| Brendan Nosal | Hovde Group, LLC |
| Erik Zwick | Hovde Group, LLC |