MBWM - Mercantile Bank Corp Stock Price, Fair Value and News

37.10USD+0.64 (+1.76%)Delayed as of 23 Apr 2024, 01:58 pm ET

Market Summary

USD37.10+0.64

Delayedas of 23 Apr 2024, 01:58 pm

1.76%

MBWM Stock Price

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MBWM RSI Chart

MBWM Valuation

Market Cap

587.6M

Price/Earnings (Trailing)

7.15

Price/Sales (Trailing)

2.17

EV/EBITDA

1.85

Price/Free Cashflow

8.82

MBWM Price/Sales (Trailing)

MBWM Profitability

EBT Margin

37.85%

Return on Equity

15.75%

Return on Assets

1.54%

Free Cashflow Yield

11.34%

MBWM Fundamentals

MBWM Revenue

Revenue (TTM)

271.4M

Rev. Growth (Yr)

26.64%

Rev. Growth (Qtr)

3.72%

MBWM Earnings

Earnings (TTM)

82.2M

Earnings Growth (Yr)

-8.13%

Earnings Growth (Qtr)

-3.95%

Breaking Down MBWM Revenue

52 Week Range

23.8937.13

(Low)(High)

Last 7 days

2.8%

Last 30 days

-1.2%

Last 90 days

-9.9%

Trailing 12 Months

26.8%

How does MBWM drawdown profile look like?

MBWM Financial Health

MBWM Investor Care

Dividend Yield

3.68%

Dividend/Share (TTM)

1.34

Shares Dilution (1Y)

0.76%

Diluted EPS (TTM)

5.13

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
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

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Mercantile Bank Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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	reitsma raymond e.	acquired	-	-	7,860	executive vice president
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?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 19, 2024	DENALI ADVISORS LLC	added	126	351,480	654,330	0.19%
Apr 19, 2024	TRUST POINT INC.	added	6.1	4,250	379,702	0.03%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	9.18	7,022	179,363	-%
Apr 18, 2024	Tributary Capital Management, LLC	reduced	-20.93	-3,116,490	9,535,020	0.78%
Apr 18, 2024	Well Done, LLC	added	1.22	-8,586	235,713	0.05%
Apr 17, 2024	Hennion & Walsh Asset Management, Inc.	added	16.68	41,365	410,034	0.02%
Apr 16, 2024	VOISARD ASSET MANAGEMENT GROUP, INC.	unchanged	-	-1,784	36,335	0.02%
Apr 15, 2024	GoalVest Advisory LLC	sold off	-100	-525	-	-%
Apr 12, 2024	FIRST FINANCIAL CORP /IN/	new	-	1,693	1,693	-%
Apr 12, 2024	Dynamic Advisor Solutions LLC	reduced	-16.54	-52,691	224,859	0.01%

Are Funds Buying or Selling MBWM?

Are funds buying MBWM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MBWM

No. of Funds

Unveiling Mercantile Bank Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	dimensional fund advisors lp	7.2%	1,151,731	SC 13G/A
Jan 24, 2024	blackrock inc.	9.7%	1,554,923	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.5%	1,190,201	SC 13G/A
Jan 25, 2023	blackrock inc.	8.9%	1,408,265	SC 13G
Feb 14, 2022	visser bruce	4.58%	725,297	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	7.3%	1,148,110	SC 13G/A
Feb 01, 2022	blackrock inc.	8.8%	1,372,640	SC 13G/A
Feb 16, 2021	visser bruce	5.25%	857,091	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	7.6%	1,229,281	SC 13G/A
Feb 11, 2021	renaissance technologies llc	4.91%	801,513	SC 13G/A

Recent SEC filings of Mercantile Bank Corp

View All Filings

Date Filed	Form Type	Document
Apr 16, 2024	8-K	Current Report
Apr 08, 2024	ARS	ARS
Apr 04, 2024	DEF 14A	DEF 14A
Mar 13, 2024	4	Insider Trading
Mar 12, 2024	8-K	Current Report
Mar 12, 2024	4	Insider Trading
Mar 12, 2024	3	Insider Trading
Mar 01, 2024	10-K	Annual Report
Feb 20, 2024	4/A	Insider Trading
Feb 20, 2024	4	Insider Trading

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	545.8B	171.1B	-3.62%	34.84%	11.02	3.19	60.72%	31.52%
BAC	297.2B	130.3B	1.89%	26.38%	11.21	2.28	79.51%	-3.68%
WFC	218.6B	85.7B	6.97%	48.18%	11.42	2.55	41.49%	39.96%
C	116.5B	133.3B	0.23%	24.33%	12.63	0.87	79.09%	-
CFG	15.9B	10.2B	-1.71%	19.97%	9.86	1.55	44.53%	-22.43%
KEY	13.7B	7.9B	-2.66%	26.23%	14.13	1.72	46.47%	-49.56%
MID-CAP
CMA	7.0B	4.2B	1.86%	20.31%	7.91	1.67	56.25%	-23.46%
ZION	6.1B	3.9B	1.70%	40.85%	9.01	1.55	45.91%	-25.03%
ABCB	3.2B	1.3B	-0.47%	37.64%	12	2.52	43.24%	-22.35%
ASB	3.2B	2.0B	2.04%	17.26%	17.33	1.62	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	417.3M	164.9M	-1.17%	36.24%	35.68	2.53	42.66%	-70.76%
AROW	380.7M	162.6M	-5.72%	1.96%	12.66	2.34	25.39%	-38.37%
ACNB	295.6M	96.6M	-1.80%	12.20%	9.33	3.06	11.02%	-11.37%
ASRV	44.4M	60.9M	-3.30%	-12.00%	-13.27	0.73	24.06%	-144.92%

Mercantile Bank Corp News

Latest updates

Mercantile Bank Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	3.7%	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	37.00
EBITDA Margin	-7.0%	1.13*	1.22*	1.29*	1.34*	1.36*	1.35*	1.38*	1.45*	1.47*	1.48*	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.6%	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	31.00
Income Taxes	0.9%	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	3.00
Earnings Before Taxes	-3.0%	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	14.00
EBT Margin	-7.2%	0.38*	0.41*	0.42*	0.42*	0.42*	0.40*	0.42*	0.49*	0.51*	0.53*	-	-	-	-	-	-	-	-	-	-	-
Net Income	-4.0%	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	12.00
Net Income Margin	-7.7%	0.30*	0.33*	0.34*	0.34*	0.34*	0.32*	0.34*	0.39*	0.41*	0.43*	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-120.0%	-7.30	36.00	19.00	18.00	37.00	33.00	22.00	28.00	45.00	-3.01	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.9%	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	3,364
Cash Equivalents	-	19.00	-	-	-	19.00	-	-	-	15.00	-	-	-	13.00	-	-	-	6.00	-	-	-	10.00
Net PPE	-2.5%	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	48.00
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	1.3%	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	2,989
Shareholder's Equity	8.1%	522	483	479	467	441	416	429	436	457	452	452	441	442	432	425	418	417	407	400	384	375
Retained Earnings	5.6%	278	263	247	232	216	200	188	182	175	168	157	144	134	124	118	114	108	99.00	91.00	83.00	75.00
Shares Outstanding	0.6%	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 (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-120.0%	-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	26,845
Share Based Compensation	6.7%	879	824	828	853	979	790	797	811	2,059	448	634	643	223	736	741	625	732	711	744	744	647
Cashflow From Investing	-284.5%	-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	-65,957
Cashflow From Financing	-3.7%	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	34,449
Dividend Payments	0.2%	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	16,366
Buy Backs	-	-	-	-	-	-	-	-	-	1,582	8,947	7,313	3,538	309	-	-	6,282	73.00	3,508	-	3,601	5,943

MBWM Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income
Loans, including fees	$ 253,108	$ 166,848	$ 135,048
Securities, taxable	9,041	7,603	5,127
Securities, tax-exempt	3,663	2,734	2,386
Other interest-earning assets	5,546	4,654	933
Total interest income	271,358	181,839	143,494
Interest expense
Deposits	55,444	10,037	9,114
Short-term borrowings	2,847	294	170
Federal Home Loan Bank advances	11,367	7,125	8,177
Subordinated debentures and other borrowings	8,155	6,139	1,971
Total interest expense	77,813	23,595	19,432
Net interest income	193,545	158,244	124,062
Provision (benefit) for credit losses	7,700	6,550	(4,300)
Net interest income after provision for credit losses	185,845	151,694	128,362
Noninterest income:
Mortgage banking activities	7,595	8,664	29,959
Interest rate swap program fees	3,946	3,488	6,862
Payroll processing	2,509	2,178	1,815
Earnings on bank owned life insurance	1,500	1,678	1,164
Gain on sale of branch	0	0	1,058
Other income	2,725	1,901	2,768
Total noninterest income	32,143	32,077	56,220
Noninterest expense
Salaries and benefits	68,801	65,124	66,447
Occupancy	9,150	8,362	8,088
Furniture and equipment rent, depreciation and maintenance	3,464	3,614	3,654
Data processing	11,618	12,359	11,104
Advertising	1,565	1,445	1,175
FDIC insurance costs	2,258	1,239	1,820
Charitable foundation contributions	666	1,514	4,020
Other expense	17,767	14,324	14,558
Total noninterest expense	115,289	107,981	110,866
Income before federal income tax expense	102,699	75,790	73,716
Federal income tax expense	20,482	14,727	14,695
Net income	$ 82,217	$ 61,063	$ 59,021
Earnings per common share:
Basic (in dollars per share)	$ 5.13	$ 3.85	$ 3.69
Diluted (in dollars per share)	$ 5.13	$ 3.85	$ 3.69
Service Charges on Deposit and Sweep Accounts [Member]
Noninterest income:
Noninterest revenue	$ 4,954	$ 5,952	$ 5,078
Credit and Debit Card [Member]
Noninterest income:
Noninterest revenue	$ 8,914	$ 8,216	$ 7,516

MBWM Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 70,408	$ 61,894
Other interest-earning assets	60,125	34,878
Total cash and cash equivalents	130,533	96,772
Securities available for sale	617,092	602,936
Federal Home Loan Bank stock	21,513	17,721
Mortgage loans held for sale	18,607	3,565
Loans	4,303,758	3,916,619
Allowance for credit losses	(49,914)	(42,246)
Loans, net	4,253,844	3,874,373
Premises and equipment, net	50,928	51,476
Bank owned life insurance	85,668	80,727
Goodwill	49,473	49,473
Other assets	125,566	95,576
Total assets	5,353,224	4,872,619
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing	1,247,640	1,604,750
Interest-bearing	2,653,278	2,108,061
Total deposits	3,900,918	3,712,811
Securities sold under agreements to repurchase	229,734	194,340
Federal Home Loan Bank advances	467,910	308,263
Subordinated debentures	49,644	48,958
Subordinated notes	88,971	88,628
Accrued interest and other liabilities	93,902	78,211
Total liabilities	4,831,079	4,431,211
Commitments and contingent liabilities (Note 12)
Shareholders' equity
Preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at December 31, 2023 and December 31, 2022	0	0
Common stock, no par value; 40,000,000 shares authorized; 16,125,662 shares outstanding at December 31, 2023 and 15,994,884 shares outstanding at December 31, 2022	295,106	290,436
Retained earnings	277,526	216,313
Accumulated other comprehensive gain/(loss)	(50,487)	(65,341)
Total shareholders’ equity	522,145	441,408
Total liabilities and shareholders’ equity	$ 5,353,224	$ 4,872,619

About Mercantile Bank Corp

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. In addition, it offers 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

CEO	Mr. Robert B. Kaminski Jr.
WEBSITE	mercbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	665

Mercantile Bank Corp Frequently Asked Questions

What is the ticker symbol for Mercantile Bank Corp? What does MBWM stand for in stocks?

MBWM is the stock ticker symbol of Mercantile Bank Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Mercantile Bank Corp (MBWM)?

As of Mon Apr 22 2024, market cap of Mercantile Bank Corp is 587.61 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MBWM stock?

You can check MBWM's fair value in chart for subscribers.

What is the fair value of MBWM stock?

You can check MBWM's fair value in chart for subscribers. The fair value of Mercantile Bank Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Mercantile Bank Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MBWM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Mercantile Bank Corp a good stock to buy?

The fair value guage provides a quick view whether MBWM is over valued or under valued. Whether Mercantile Bank Corp is cheap or expensive depends on the assumptions which impact Mercantile Bank Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MBWM.

What is Mercantile Bank Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 22 2024, MBWM's PE ratio (Price to Earnings) is 7.15 and Price to Sales (PS) ratio is 2.17. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MBWM PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Mercantile Bank Corp's stock?

In the past 10 years, Mercantile Bank Corp has provided 0.106 (multiply by 100 for percentage) rate of return.