Mercantile Bank Past Earnings Performance

Past criteria checks 5/6

Mercantile Bank has been growing earnings at an average annual rate of 13.6%, while the Banks industry saw earnings growing at 10.2% annually. Revenues have been growing at an average rate of 9.7% per year. Mercantile Bank's return on equity is 15.4%, and it has net margins of 37.6%.

Key information

13.6%

Earnings growth rate

14.4%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	9.7%
Return on equity	15.4%
Net Margin	37.6%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next

Apr 19

Mercantile Bank: A Fantastic Prospect For Investors To Bank On

Apr 14

Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year

Jan 22

Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67

Jan 19

Mercantile Bank: Analysis Of Q4 2023 Earnings, Maintain Hold

Jan 19

Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34

Aug 28

Mercantile Bank (NASDAQ:MBWM) Has Announced That It Will Be Increasing Its Dividend To $0.34

Aug 14

Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34

Jul 21

Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year

Apr 21

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 18

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

May 20

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

Feb 27

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

Feb 16

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

Jan 21

Revenue & Expenses Breakdown
Beta

How Mercantile Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:MBWM Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	220	83	96
31 Dec 23	218	82	95
30 Sep 23	217	84	94
30 Jun 23	209	79	93
31 Mar 23	198	71	92
31 Dec 22	183	61	91
30 Sep 22	178	51	92
30 Jun 22	175	50	91
31 Mar 22	182	56	91
31 Dec 21	185	59	90
30 Sep 21	179	61	86
30 Jun 21	175	57	87
31 Mar 21	160	48	85
31 Dec 20	153	44	83
30 Sep 20	146	43	81
30 Jun 20	144	45	77
31 Mar 20	147	48	75
31 Dec 19	150	49	74
30 Sep 19	146	48	73
30 Jun 19	142	45	72
31 Mar 19	139	43	71
31 Dec 18	138	42	70
30 Sep 18	134	38	69
30 Jun 18	132	37	67
31 Mar 18	130	35	65
31 Dec 17	124	31	64
30 Sep 17	123	31	62
30 Jun 17	121	31	62
31 Mar 17	121	31	61
31 Dec 16	121	32	61
30 Sep 16	120	30	61
30 Jun 16	119	30	61
31 Mar 16	119	29	61
31 Dec 15	118	27	60
30 Sep 15	118	27	60
30 Jun 15	116	25	59
31 Mar 15	105	20	54
31 Dec 14	91	17	47
30 Sep 14	79	16	42
30 Jun 14	65	14	34
31 Mar 14	61	16	30
31 Dec 13	62	17	28
30 Sep 13	58	15	28
30 Jun 13	57	14	28

Quality Earnings: MBWM has high quality earnings.

Growing Profit Margin: MBWM's current net profit margins (37.6%) are higher than last year (35.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MBWM's earnings have grown by 13.6% per year over the past 5 years.

Accelerating Growth: MBWM's earnings growth over the past year (17.4%) exceeds its 5-year average (13.6% per year).

Earnings vs Industry: MBWM earnings growth over the past year (17.4%) exceeded the Banks industry -9.7%.

Return on Equity

High ROE: MBWM's Return on Equity (15.4%) is considered low.

Return on Assets

Return on Capital Employed

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Mercantile Bank Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Mercantile Bank Corporation to Report Q1, 2024 Results on Apr 16, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Mercantile Bank Corporation to Report Fiscal Year 2023 Results on Jan 16, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Recent updates

Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next

First quarter dividend of US$0.35 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Mercantile Bank Corporation Declares Regular Cash Dividend, Payable on June 19, 2024

Mercantile Bank: A Fantastic Prospect For Investors To Bank On

Mercantile Bank Corporation, Annual General Meeting, May 23, 2024

Mercantile Bank Corporation to Report Q1, 2024 Results on Apr 16, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.35 per share

Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year

Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67

Mercantile Bank: Analysis Of Q4 2023 Earnings, Maintain Hold

Price target increased by 12% to US$44.67

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on March 13, 2024

Price target increased by 11% to US$42.33

Mercantile Bank Corporation to Report Fiscal Year 2023 Results on Jan 16, 2024

Upcoming dividend of US$0.34 per share at 3.9% yield

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Mercantile Bank Corporation Chief Executive Officer Changes, Effective June 1, 2024

Mercantile Bank Corporation Announces Board Appointments

Insufficient new directors

Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34

Upcoming dividend of US$0.34 per share at 4.1% yield

Mercantile Bank (NASDAQ:MBWM) Has Announced That It Will Be Increasing Its Dividend To $0.34

Investor sentiment improves as stock rises 15%

Mercantile Bank Corporation Announces Net Loan Charge-Offs for the Second Quarter Ended June 30, 2023

Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34

Mercantile Bank Corporation Declares Quarterly Dividend, Payable on September 13, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Mercantile Bank Corporation to Report Q2, 2023 Results on Jul 18, 2023

Investor sentiment improves as stock rises 20%

Upcoming dividend of US$0.33 per share at 4.9% yield

Mercantile Bank Corporation, Annual General Meeting, May 25, 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year

Senior VP recently sold US$86k worth of stock

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

Mercantile Bank Corporation Increases Regular Cash Dividend, Payable on March 15, 2023

Full year 2022 earnings released: EPS: US$3.85 (vs US$3.69 in FY 2021)

Mercantile Bank Corporation to Report Q4, 2022 Results on Jan 17, 2023

Mercantile Bank Corporation Appoints Members to Bank Board of Directors

Upcoming dividend of US$0.32 per share

Mercantile Bank Corporation Promotes Brett Hoover to the Role of Senior Vice President, Human Resources Director, Effective January 1, 2023

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Mercantile Bank Corporation Declares Regular Cash Dividend Payable on December 14, 2022

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

Upcoming dividend of US$0.32 per share

Independent Director recently bought US$110k worth of stock

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

Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on September 14, 2022

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Mercantile Bank raises dividend by 3.2% to $0.32

Upcoming dividend of US$0.31 per share

Mercantile Bank Corporation and Mercantile Bank Announces Resignation of Michael H. Price as Member of the Audit, Governance and Nominating, and Compensation Committees

First quarter 2022 earnings: EPS and revenues miss analyst expectations

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on June 15, 2022

Mercantile Bank Corporation, Annual General Meeting, May 26, 2022

Mercantile Bank Corporation Announces the Retirement of Lonna L. Wiersma as Senior Vice President and Human Resource Director

Full year 2021 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.31 per share

Senior VP recently sold US$114k worth of stock

Full year 2021 earnings: EPS misses analyst expectations

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

Price target increased to US$41.00

Upcoming dividend of US$0.30 per share

Senior VP & Human Resource Director recently sold US$92k worth of stock

Revenue & Expenses Breakdown
Beta