Mercantile Bank Balance Sheet Health
Financial Health criteria checks 6/6
Mercantile Bank has total assets of $6.1B and total equity of $584.5M. Total deposits are $4.7B, and total loans are $4.5B. It earns a Net Interest Margin of 3.6%. It has sufficient allowance for bad loans, which are currently at 0.1% of total loans. Cash and short-term investments are $393.0M.
Key information
10.4x
Asset to equity ratio
3.6%
Net interest margin
Total deposits | US$4.70b |
Loan to deposit ratio | Appropriate |
Bad loans | 0.1% |
Allowance for bad loans | Sufficient |
Current ratio | Low |
Cash & equivalents | US$393.01m |
Recent financial health updates
No updates
Recent updates
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.37
Jan 24A 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 21Mercantile 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 19Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MBWM's Assets to Equity ratio (10.4x) is moderate.
Allowance for Bad Loans: MBWM has a sufficient allowance for bad loans (948%).
Low Risk Liabilities: 86% of MBWM's liabilities are made up of primarily low risk sources of funding.
Loan Level: MBWM has an appropriate level of Loans to Assets ratio (75%).
Low Risk Deposits: MBWM's Loans to Deposits ratio (97%) is appropriate.
Level of Bad Loans: MBWM has an appropriate level of bad loans (0.1%).
Discover healthy companies
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2025/02/06 10:29 |
End of Day Share Price | 2025/02/06 00:00 |
Earnings | 2024/12/31 |
Annual Earnings | 2024/12/31 |
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 |
| |
Analyst Consensus Estimates | +3 years |
|
|
Market Prices | 30 years |
| |
Ownership | 10 years |
| |
Management | 10 years |
| |
Key Developments | 10 years |
|
* 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.
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 Github.
Analyst Sources
Mercantile Bank Corporation is covered by 9 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 |
John Rodis | Janney Montgomery Scott LLC |