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XNASMBWM
Market cap727mUSD
Dec 23, Last price  
45.08USD
1D
-0.77%
1Q
4.57%
Jan 2017
19.58%
Name

Mercantile Bank Corp

Chart & Performance

D1W1MN
XNAS:MBWM chart
P/E
8.85
P/S
3.34
EPS
5.09
Div Yield, %
2.89%
Shrs. gr., 5y
-0.72%
Rev. gr., 5y
9.40%
Revenues
218m
+14.54%
46,729,00060,953,00066,848,00061,427,00053,491,00058,891,00065,593,00058,519,00054,695,00054,328,00087,806,000117,212,000126,905,000128,749,000139,092,000151,490,000167,418,000179,224,000190,321,000217,988,000
Net income
82m
+34.64%
13,721,00017,901,00019,847,0008,966,000-4,959,000-52,087,000-13,316,00037,485,00012,535,00017,033,00017,331,00027,020,00031,913,00031,274,00042,024,00049,456,00044,138,00059,021,00061,063,00082,217,000
CFO
67m
-44.43%
18,347,00025,042,00029,752,00020,714,00013,635,000-8,775,00029,602,00022,506,00017,021,00028,507,00014,414,00036,004,00034,602,00038,665,00061,737,00044,767,00037,877,00064,573,000119,862,00066,613,000
Dividend
Sep 06, 20240.36 USD/sh
Earnings
Jan 14, 2025

Profile

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 offers 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 provides 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
URL
https://ir.mercbank.com/
IPO date
Oct 24, 1997
Employees
665
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
217,988
14.54%
190,321
6.19%
179,224
7.05%
Cost of revenue
72,624
78,928
78,726
Unusual Expense (Income)
NOPBT
145,364
111,393
100,498
NOPBT Margin
66.68%
58.53%
56.07%
Operating Taxes
20,482
14,727
14,695
Tax Rate
14.09%
13.22%
14.62%
NOPAT
124,882
96,666
85,803
Net income
82,217
34.64%
61,063
3.46%
59,021
33.72%
Dividends
(21,004)
(19,602)
(18,524)
Dividend yield
3.25%
3.69%
3.31%
Proceeds from repurchase of equity
891
867
(20,503)
BB yield
-0.14%
-0.16%
3.66%
Debt
Debt current
275,784
291,463
Long-term debt
518,263
448,273
498,690
Deferred revenue
(7,031)
488,503
Other long-term liabilities
2,376,772
(367,638)
(495,890)
Net debt
(229,362)
(578,587)
(1,370,493)
Cash flow
Cash from operating activities
66,613
119,862
64,573
CAPEX
(6,687)
(3,017)
(5,602)
Cash from investing activities
(395,932)
(554,999)
(495,507)
Cash from financing activities
363,080
(443,251)
780,088
FCF
2,250,159
1,043,957
(412,202)
Balance
Cash
130,533
699,708
1,567,903
Long term investments
617,092
602,936
592,743
Excess cash
736,726
1,293,128
2,151,685
Stockholders' equity
522,145
441,408
456,559
Invested Capital
2,885,638
4,621,753
5,060,622
ROIC
3.33%
2.00%
1.87%
ROCE
4.27%
2.20%
1.82%
EV
Common stock shares outstanding
16,016
15,860
15,987
Price
40.38
20.61%
33.48
-4.42%
35.03
28.93%
Market cap
646,713
21.79%
530,989
-5.19%
560,035
26.69%
EV
417,351
(47,598)
(810,458)
EBITDA
156,860
124,338
114,176
EV/EBITDA
2.66
Interest
77,813
23,595
19,432
Interest/NOPBT
53.53%
21.18%
19.34%