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Mercantile Bank Corporation logo

Mercantile Bank Corporation

Sector: Financial Services   

Industry: Banks - Regional - US

36.30
 
USD
  
-0.76
  
(-2.05%)
Optionable: Yes  Market Cap: 552 M  90-day average vol: 34,646

Previous close: 37.06  Open: 36.89  Bid: 30.06  Ask: 58.24
52 week range    
23.89   
   37.18
Peers   
IBCP / 
MCBC / 
FITB / 
LTBR / 
Last updated: Wednesday 6th December 2023
74
MarketXLS Rank
75
Value
76
Technical
71
Quality

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Metrics

Peers

StockDividendMarket Cap (B)PEPrice ($)

FITB

0.024831 B11.948.32

IBCP

0.03611 B8.524.35

LTBR

0 B-2.76.04

MCBC

0.03470 B9.79.22

SRCE

0.0251 B10.649.62
Financials

MBWM Income Statement

Annual
Dec-13Dec-14Dec-15Dec-16Dec-17Dec-18Dec-19Dec-20Dec-21Dec-22
Amortization-1 M-2 M-2 M-2 M-2 M2 M3 M4 M-3 M
Basic EPS from continuing operations1.961.281.631.961.92.533.012.713.693.85
Basic EPS total1.961.281.631.961.92.533.012.713.693.85
Basic weighted shares outstanding9 M14 M17 M16 M16 M17 M16 M16 M16 M16 M
CreditCard46 M
CreditLossesProvision7 M3 M1000000.03 M3 M1 M2 M14 M4 M7 M
Depreciation-1 M-2 M-3 M-3 M-3 M-4 M4 M5 M6 M-6 M
DepreciationAndAmortization-1 M-2 M-3 M-3 M-3 M-4 M4 M5 M6 M-6 M
Diluted EPS total1.951.281.621.961.92.533.012.713.693.85
Diluted normalized net income/share1.951.281.621.961.92.533.012.713.693.85
Diluted weighted shares outstanding9 M14 M17 M16 M16 M17 M16 M16 M16 M16 M
DividendIncome60 M
Dividends paid per share1.18
Equipment984000.02 M2 M2 M2 M2 M3 M3 M4 M4 M
FeesAndCommissions3 M32 M11 M12 M2 M2 M8 M29 M30 M9 M
GainOnSaleOfBusiness47 M1 M
GeneralAndAdministrativeExpense5 M11 M16 M14 M15 M15 M225000.01 M2 M14 M
Income before tax25 M25 M39 M47 M46 M52 M60 M55 M74 M76 M
Income restructuring and M&A1 M5 M
Income taxes9 M9 M14 M16 M16 M11 M11 M11 M15 M16 M
InsuranceAndClaims5 M11 M16 M14 M15 M15 M225000.01 M2 M14 M
Interest expense-11 M-11 M-11 M-13 M-16 M-22 M34 M26 M19 M-24 M
InterestExpenseForCapitalizedLeaseObligations600000.01 M-1 M
InterestExpenseForDeposit9 M8 M8 M8 M9 M14 M21 M15 M9 M10 M
InterestExpenseForFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell-40 M-20 M
InterestExpenseForLongTermDebt-54 M3 M3 M5 M6 M8 M12 M11 M10 M13 M
InterestExpenseForLongTermDebtAndCapitalSecurities-54 M3 M3 M5 M6 M8 M12 M11 M10 M13 M
InterestExpenseForShortTermDebt80000.0122000.0157000.0211000.0190000.0273000.0295000.0173000.0170000.0294000.0
InterestIncome58 M89 M112 M118 M126 M142 M158 M148 M143 M182 M
InterestIncomeAfterProvisionForLoanLoss47 M78 M101 M100 M104 M118 M123 M108 M120 M145 M
InterestIncomeFromDeposits21000.0234000.0215000.0401000.01 M1 M2 M876000.0933000.05 M
InterestIncomeFromFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell212000.0124000.0
InterestIncomeFromInvestmentSecurities5 M8 M8 M9 M8 M61 M10 M10 M8 M10 M
InterestIncomeFromLoans53 M81 M143 M109 M117 M132 M146 M137 M135 M167 M
InterestIncomeFromLoansAndLease53 M81 M143 M109 M117 M132 M146 M137 M135 M167 M
InterestIncomeFromSecurities5 M8 M8 M9 M54 M61 M10 M10 M8 M10 M
Net income from total operations17 M17 M27 M32 M96 M42 M49 M44 M59 M61 M
NetIncomeCommonStockholders82 M37 M64 M79 M96 M113 M49 M44 M58 M61 M
NetIncomeContinuousOperations17 M17 M27 M32 M96 M42 M49 M44 M59 M61 M
NetInterestIncome55 M81 M102 M103 M107 M119 M125 M122 M124 M152 M
NetOccupancyExpense3 M5 M6 M6 M6 M7 M7 M8 M8 M8 M
NonInterestExpense-36 M-66 M-79 M-77 M-80 M-86 M89 M99 M111 M-108 M
NonInterestIncome7 M10 M16 M21 M19 M19 M27 M45 M56 M32 M
Normalized income22 M
OccupancyAndEquipment4 M6 M8 M8 M8 M9 M10 M11 M12 M12 M
Other special charges-7 M-24 M-38 M-35 M-1 M
OtherCustomerServices1 M2 M4 M4 M2 M2 M
OtherGandA5 M11 M16 M14 M15 M15 M225000.01 M2 M14 M
OtherInterestExpense1 M-11 M-11 M-13 M-16 M-22 M-125 M-122 M19 M-24 M
OtherNonInterestExpense4 M6 M10 M8 M9 M9 M24 M25 M22 M14 M
OtherNonInterestIncome3 M3 M5 M9 M36 M36 M18 M16 M25 M23 M
PromotionAndAdvertising1 M1 M1 M2 M2 M2 M1 M1 M1 M1 M
SalariesAndWages20 M34 M43 M44 M45 M51 M54 M60 M66 M65 M
SecuritiesActivities800000.027 M4 M4 M8 M8 M29 M30 M
Selling Gen & administrative expense27 M46 M60 M59 M62 M67 M56 M62 M69 M81 M
SellingAndMarketingExpense1 M1 M1 M2 M2 M2 M1 M1 M1 M1 M
ServiceChargeOnDepositorAccounts2 M3 M3 M4 M4 M9 M
Special income/charges-5 M-12 M-10 M-8 M-9 M-9 M-24 M-25 M-22 M-14 M
Total common shares outstanding9 M17 M16 M16 M17 M16 M16 M16 M16 M16 M
Total net income17 M17 M27 M32 M96 M42 M49 M44 M59 M61 M
Total ordinary shares16 M16 M16 M16 M16 M16 M16 M16 M16 M16 M
Total revenues62 M91 M118 M124 M126 M138 M151 M167 M180 M184 M
TotalRevenue62 M91 M118 M124 M126 M138 M151 M167 M180 M184 M
TradingGainLoss-25 M
TrustFeesbyCommissions47 M
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