MBWM RSI Chart
Last 7 days
0.7%
Last 30 days
18.7%
Last 90 days
5.6%
Trailing 12 Months
50.6%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 287.6M | 0 | 0 | 0 |
2023 | 206.4M | 232.8M | 255.8M | 271.4M |
2022 | 144.6M | 148.4M | 160.6M | 181.8M |
2021 | 145.2M | 143.8M | 144.1M | 143.5M |
2020 | 157.6M | 155.0M | 150.3M | 148.3M |
2019 | 145.6M | 151.1M | 156.0M | 158.3M |
2018 | 131.8M | 135.2M | 137.7M | 142.0M |
2017 | 118.3M | 119.0M | 122.4M | 125.5M |
2016 | 84.3B | 56.2B | 28.2B | 118.5M |
2015 | 45.0B | 67.4B | 89.9B | 112.3B |
2014 | 57.6M | 62.1M | 76.3M | 22.5B |
2013 | 58.6M | 57.6M | 57.5M | 58.2M |
2012 | 67.5M | 63.9M | 61.7M | 59.9M |
2011 | 84.1M | 79.9M | 75.2M | 71.1M |
2010 | 100.7M | 96.5M | 92.3M | 88.1M |
2009 | 0 | 0 | 0 | 104.9M |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
May 07, 2024 | eldridge michelle larabee | gifted | - | - | -774 | - |
Mar 11, 2024 | sanchez nelson f | acquired | - | - | 69.00 | - |
Mar 11, 2024 | sanchez nelson f | bought | 3,651 | 36.51 | 100 | - |
Feb 16, 2024 | kaminski robert b | sold (taxes) | -301,901 | 38.96 | -7,749 | president, ceo |
Feb 16, 2024 | reitsma raymond e. | sold (taxes) | -191,956 | 38.96 | -4,927 | executive vice president |
Feb 16, 2024 | christmas charles e | sold (taxes) | -140,762 | 38.96 | -3,613 | evp and cfo |
Dec 14, 2023 | worthington robert t. | acquired | - | - | 1,337 | svp, cro, secretary, and gc |
Dec 14, 2023 | christmas charles e | acquired | - | - | 4,641 | evp and cfo |
Dec 14, 2023 | kaminski robert b | acquired | - | - | 8,667 | president, ceo |
Dec 14, 2023 | hoover brett | acquired | - | - | 2,734 | svp, human resources director |
Which funds bought or sold MBWM recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 16, 2024 | COMERICA BANK | added | 215 | 161,617 | 242,256 | -% |
May 16, 2024 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -5.00 | -64,178 | 615,417 | -% |
May 16, 2024 | JANE STREET GROUP, LLC | sold off | -100 | -433,722 | - | -% |
May 15, 2024 | HSBC HOLDINGS PLC | added | 10.08 | 12,996 | 327,896 | -% |
May 15, 2024 | MORGAN STANLEY | reduced | -18.02 | -966,151 | 3,454,540 | -% |
May 15, 2024 | ZACKS INVESTMENT MANAGEMENT | new | - | 304,632 | 304,632 | -% |
May 15, 2024 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | added | 3.87 | -36,022 | 3,611,790 | 0.07% |
May 15, 2024 | OBERWEIS ASSET MANAGEMENT INC/ | added | 4.7 | -6,781 | 3,438,230 | 0.25% |
May 15, 2024 | AQR CAPITAL MANAGEMENT LLC | added | 79.13 | 1,332,510 | 3,215,960 | -% |
May 15, 2024 | DEUTSCHE BANK AG\ | added | 23.01 | 51,982 | 353,338 | -% |
Unveiling Mercantile Bank Corp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Mercantile Bank Corp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
JPM | 588.1B | 174.7B | 11.68 | 3.37 | ||||
BAC | 307.4B | 137.9B | 12.28 | 2.23 | ||||
WFC | 213.0B | 85.8B | 11.35 | 2.48 | ||||
C | 122.2B | 125.0B | 15.29 | 0.98 | ||||
CFG | 16.9B | 10.4B | 11.81 | 1.62 | ||||
KEY | 14.5B | 8.1B | 16.61 | 1.78 | ||||
MID-CAP | ||||||||
CMA | 7.3B | 4.2B | 10.46 | 1.71 | ||||
ZION | 6.6B | 4.1B | 10.55 | 1.63 | ||||
ABCB | 3.5B | 1.3B | 12.32 | 2.65 | ||||
ASB | 3.4B | 2.0B | 20.88 | 1.65 | ||||
SMALL-CAP | ||||||||
AMNB | 497.6M | 120.2M | 19.02 | 4.14 | ||||
AROW | 417.1M | 173.1M | 14.3 | 2.41 | ||||
ALRS | 390.4M | 152.4M | 39.27 | 2.56 | ||||
ACNB | 295.5M | 98.7M | 10.04 | 2.99 | ||||
ASRV | 48.0M | 62.5M | -16.24 | 0.77 |
Mercantile Bank Corp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | 4.0% | 77.00 | 74.00 | 71.00 | 66.00 | 60.00 | 58.00 | 48.00 | 40.00 | 36.00 | 37.00 | 36.00 | 36.00 | 35.00 | 38.00 | 36.00 | 37.00 | 38.00 | 40.00 | 40.00 | 40.00 | 39.00 |
EBITDA Margin | -5.8% | 1.07* | 1.13* | 1.22* | 1.29* | 1.34* | 1.36* | 1.35* | 1.38* | 1.45* | 1.47* | - | - | - | - | - | - | - | - | - | - | - |
Interest Expenses | -2.6% | 47.00 | 49.00 | 49.00 | 48.00 | 48.00 | 51.00 | 42.00 | 34.00 | 31.00 | 33.00 | 31.00 | 31.00 | 30.00 | 32.00 | 30.00 | 31.00 | 30.00 | 31.00 | 32.00 | 31.00 | 31.00 |
Income Taxes | 4.7% | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 3.00 | 4.00 | 3.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
Earnings Before Taxes | 7.0% | 27.00 | 25.00 | 26.00 | 25.00 | 26.00 | 27.00 | 20.00 | 15.00 | 14.00 | 15.00 | 19.00 | 22.00 | 18.00 | 18.00 | 13.00 | 11.00 | 13.00 | 16.00 | 16.00 | 14.00 | 15.00 |
EBT Margin | -4.9% | 0.36* | 0.38* | 0.41* | 0.42* | 0.42* | 0.42* | 0.40* | 0.42* | 0.49* | 0.51* | - | - | - | - | - | - | - | - | - | - | - |
Net Income | 7.6% | 22.00 | 20.00 | 21.00 | 20.00 | 21.00 | 22.00 | 16.00 | 12.00 | 11.00 | 12.00 | 15.00 | 18.00 | 14.00 | 14.00 | 11.00 | 9.00 | 11.00 | 13.00 | 13.00 | 12.00 | 12.00 |
Net Income Margin | -5.0% | 0.29* | 0.30* | 0.33* | 0.34* | 0.34* | 0.34* | 0.32* | 0.34* | 0.39* | 0.41* | - | - | - | - | - | - | - | - | - | - | - |
Free Cashflow | 651.3% | 40.00 | -7.30 | 36.00 | 19.00 | 18.00 | 37.00 | 33.00 | 22.00 | 28.00 | 45.00 | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | 2.1% | 5,466 | 5,353 | 5,251 | 5,138 | 4,896 | 4,873 | 5,017 | 5,059 | 5,176 | 5,258 | 4,964 | 4,757 | 4,710 | 4,437 | 4,421 | 4,314 | 3,657 | 3,633 | 3,710 | 3,576 | 3,552 |
Cash Equivalents | -100.0% | - | 19.00 | - | - | - | 19.00 | - | - | - | 15.00 | - | - | - | 13.00 | - | - | - | 6.00 | - | - | - |
Net PPE | -0.2% | 51.00 | 51.00 | 52.00 | 52.00 | 52.00 | 51.00 | 52.00 | 51.00 | 56.00 | 57.00 | 57.00 | 58.00 | 55.00 | 59.00 | 60.00 | 59.00 | 59.00 | 57.00 | 55.00 | 52.00 | 50.00 |
Goodwill | 0% | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 |
Liabilities | 2.0% | 4,929 | 4,831 | 4,768 | 4,659 | 4,429 | 4,431 | 4,601 | 4,630 | 4,739 | 4,801 | 4,512 | 4,306 | 4,269 | 3,996 | 3,989 | 3,889 | 3,239 | 3,216 | 3,303 | 3,176 | 3,168 |
Shareholder's Equity | 2.8% | 537 | 522 | 483 | 479 | 467 | 441 | 416 | 429 | 436 | 457 | 452 | 452 | 441 | 442 | 432 | 425 | 418 | 417 | 407 | 400 | 384 |
Retained Earnings | 5.8% | 294 | 278 | 263 | 247 | 232 | 216 | 200 | 188 | 182 | 175 | 168 | 157 | 144 | 134 | 124 | 118 | 114 | 108 | 99.00 | 91.00 | 83.00 |
Shares Outstanding | 0.0% | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | - | 428 | - | - | - | 487 | - | - | - | 466 | - | - | - | 356 | - | - | - | 518 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | 651.3% | 40,237 | -7,299 | 36,445 | 19,402 | 18,065 | 37,069 | 32,796 | 22,109 | 27,888 | 45,404 | -3,010 | 23,600 | -1,421 | 21,571 | 28,695 | -2,611 | -9,778 | 24,634 | 6,216 | 11,472 | 2,445 |
Share Based Compensation | -15.6% | 742 | 879 | 824 | 828 | 853 | 979 | 790 | 797 | 811 | 2,059 | 448 | 634 | 643 | 223 | 736 | 741 | 625 | 732 | 711 | 744 | 744 |
Cashflow From Investing | 93.4% | -13,169 | -198,881 | -51,726 | -88,189 | -57,136 | -52,003 | -166,597 | -185,269 | -151,130 | -179,071 | -121,686 | 43,175 | -237,925 | 53,561 | -40,319 | -409,755 | -2,293 | 72,705 | -42,648 | -78,611 | -44,284 |
Cashflow From Financing | 12.6% | 79,630 | 70,726 | 73,472 | 218,645 | 237 | -172,308 | -61,290 | -127,939 | -81,714 | 283,466 | 190,526 | 40,412 | 265,684 | -3,717 | 94,988 | 646,874 | 15,059 | -92,146 | 114,545 | 2,670 | 181,379 |
Dividend Payments | 3.6% | 5,534 | 5,342 | 5,330 | 5,168 | 5,164 | 4,995 | 4,978 | 4,817 | 4,812 | 4,644 | 4,660 | 4,584 | 4,636 | 4,494 | 4,474 | 4,470 | 4,492 | 4,362 | 4,342 | 4,204 | 4,200 |
Buy Backs | - | - | - | - | - | - | - | - | - | - | 1,582 | 8,947 | 7,313 | 3,538 | 309 | - | - | 6,282 | 73.00 | 3,508 | - | 3,601 |
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | |
Interest income | ||
Loans, including fees | $ 71,270 | $ 57,154 |
Securities, taxable | 2,444 | 2,131 |
Securities, tax-exempt | 977 | 876 |
Interest-earning deposits | 2,033 | 324 |
Total interest income | 76,724 | 60,485 |
Interest expense | ||
Deposits | 22,224 | 7,907 |
Short-term borrowings | 1,654 | 459 |
Federal Home Loan Bank advances | 3,399 | 1,794 |
Subordinated debt and other borrowings | 2,086 | 1,941 |
Total interest expense | 29,363 | 12,101 |
Net interest income | 47,361 | 48,384 |
Provision for credit losses | 1,300 | 600 |
Net interest income after provision for credit losses | 46,061 | 47,784 |
Noninterest income: | ||
Mortgage banking income | 2,343 | 1,216 |
Interest rate swap fees | 1,339 | 1,037 |
Payroll services income | 896 | 746 |
Earnings on bank owned life insurance | 1,172 | 401 |
Other income | 1,466 | 515 |
Total noninterest income | 10,868 | 6,951 |
Noninterest expense | ||
Salaries and benefits | 18,237 | 16,682 |
Occupancy | 2,289 | 2,289 |
Furniture and equipment depreciation, rent and maintenance | 929 | 822 |
Data processing costs | 3,289 | 3,162 |
Charitable foundation contributions | 703 | 10 |
Other expense | 4,497 | 5,634 |
Total noninterest expense | 29,944 | 28,599 |
Income before federal income tax expense | 26,985 | 26,136 |
Federal income tax expense | 5,423 | 5,162 |
Net income | $ 21,562 | $ 20,974 |
Basic earnings per share (in dollars per share) | $ 1.34 | $ 1.31 |
Diluted earnings per share (in dollars per share) | $ 1.34 | $ 1.31 |
Average basic shares outstanding (in shares) | 16,118,858 | 15,996,138 |
Average diluted shares outstanding (in shares) | 16,118,858 | 15,996,138 |
Service Charges on Deposit and Sweep Accounts [Member] | ||
Noninterest income: | ||
Noninterest revenue | $ 1,531 | $ 976 |
Credit and Debit Card [Member] | ||
Noninterest income: | ||
Noninterest revenue | $ 2,121 | $ 2,060 |
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
Assets [Abstract] | ||
Cash and due from banks | $ 52,606 | $ 70,408 |
Interest-earning deposits | 184,625 | 60,125 |
Total cash and cash equivalents | 237,231 | 130,533 |
Securities available for sale | 609,153 | 617,092 |
Federal Home Loan Bank stock | 21,513 | 21,513 |
Mortgage loans held for sale | 14,393 | 18,607 |
Loans | 4,322,006 | 4,303,758 |
Allowance for credit losses | (51,638) | (49,914) |
Loans, net | 4,270,368 | 4,253,844 |
Premises and equipment, net | 50,835 | 50,928 |
Bank owned life insurance | 85,528 | 85,668 |
Goodwill | 49,473 | 49,473 |
Other Assets | 127,459 | 125,566 |
Total assets | 5,465,953 | 5,353,224 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Noninterest-bearing | 1,134,995 | 1,247,640 |
Interest-bearing | 2,872,815 | 2,653,278 |
Total deposits | 4,007,810 | 3,900,918 |
Securities sold under agreements to repurchase | 228,618 | 229,734 |
Federal Home Loan Bank advances | 447,083 | 467,910 |
Subordinated debentures | 49,815 | 49,644 |
Subordinated notes | 89,057 | 88,971 |
Accrued interest and other liabilities | 106,926 | 93,902 |
Total liabilities | 4,929,309 | 4,831,079 |
Commitments and contingent liabilities (Note 8) | ||
Shareholders' equity | ||
Preferred stock, no par value; 1,000,000 shares authorized; none issued | 0 | 0 |
Common stock, no par value; 40,000,000 shares authorized; 16,122,503 shares issued and outstanding at March 31, 2024 and 16,125,662 shares issued and outstanding at December 31, 2023 | 296,065 | 295,106 |
Retained earnings | 293,554 | 277,526 |
Accumulated other comprehensive gain (loss) | (52,975) | (50,487) |
Total shareholders’ equity | 536,644 | 522,145 |
Total liabilities and shareholders’ equity | $ 5,465,953 | $ 5,353,224 |