MBWM Stock Forecast, Price Targets, Chart, Dividends & Analysis
Mercantile Bank Corporation
MBWM 
NGS
Sector: Financial Services
Industry: Banks - Regional - US
45.43
USD
0.56
(1.25%)
Previous close: 44.87 Open: 44.28 Bid: 18.21 Ask: 60.0
52 week range
33.46 52.98
Mkt Cap: 774 M Avg Vol (90 Days): 65,585
Last updated: Sunday 22nd December 2024
Metrics
Valuation
Price per Sales TTM ($) | 3.58 |
Price per Book TTM ($) | 1.36 |
PE Ratio (TTM) | 9.89 |
Book Value per Share ($) | 36.14 |
5 Year PE Range | NA , NA |
Returns
7 Day Return | -7.76% | |
1 Month Return | -7.36% | |
3 Month Return | 3.72% | |
1 Year Return | 14.62% | |
3 Year Return | 44.41% | |
5 Year Return | 49.63% | |
YTD Return | 12.51% |
Risk
Dividends
Analyst Estimates
Financial Health
Technicals
RSI (14 Day) | 36.37 |
14 Day SMA ($) | 48.87 |
14 Day EMA ($) | 48.02 |
Money Flow Index | 78.47 |
Average True Range | 1.68 |
50 Day SMA ($) | 47.41 |
200 Day SMA ($) | 42.21 |
ADX | 22.42 |
MACD | 0.60 |
Growth
Free Cash Flow QoQ Growth | 0.00% |
Free Cash Flow YoY Growth | 0.00% |
Revenue YoY Growth | 0.00% |
EPS QoQ Growth | 0.00% |
Revenue QoQ Growth | 0.00% |
EPS YoY Growth | 0.00% |
Financials
MBWM Income Statement
Annual
| Dec-14 | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Basic EPS from continuing operations | 1.28 | 1.63 | 1.96 | 1.9 | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 | 5.13 |
| Basic EPS total | 1.28 | 1.63 | 1.96 | 1.9 | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 | 5.13 |
| Basic weighted shares outstanding | 14 M | 17 M | 16 M | 16 M | 17 M | 16 M | 16 M | 16 M | 16 M | 16 M |
| CreditCard | 46 M | |||||||||
| CreditLossesProvision | 3 M | 1000000.0 | 3 M | 3 M | 1 M | 2 M | 14 M | 4 M | 7 M | 8 M |
| Depreciation | -2 M | -3 M | -3 M | -3 M | -4 M | 4 M | 5 M | 6 M | 6 M | 6 M |
| DepreciationAndAmortization | -2 M | -3 M | -3 M | -3 M | -4 M | 4 M | 5 M | 6 M | 6 M | 6 M |
| Diluted EPS total | 1.28 | 1.62 | 1.96 | 1.9 | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 | 5.13 |
| Diluted normalized net income/share | 1.28 | 1.62 | 1.96 | 1.9 | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 | 5.13 |
| Diluted weighted shares outstanding | 14 M | 17 M | 16 M | 16 M | 17 M | 16 M | 16 M | 16 M | 16 M | 16 M |
| DividendIncome | 60 M | |||||||||
| Dividends paid per share | 1.18 | 1.26 | 1.34 | |||||||
| Equipment | 2 M | 2 M | 2 M | 2 M | 2 M | 3 M | 3 M | 4 M | 4 M | 3 M |
| FeesAndCommissions | 32 M | 11 M | 12 M | 2 M | 2 M | 8 M | 29 M | 30 M | 9 M | 8 M |
| GainOnSaleOfBusiness | 47 M | 1 M | ||||||||
| GeneralAndAdministrativeExpense | 11 M | 16 M | 14 M | 15 M | 15 M | 225000.0 | 1 M | 2 M | 1 M | 2 M |
| Income before tax | 25 M | 39 M | 47 M | 46 M | 52 M | 60 M | 55 M | 74 M | 76 M | 103 M |
| Income restructuring and M&A | 5 M | |||||||||
| Income taxes | 9 M | 14 M | 16 M | 16 M | 11 M | 11 M | 11 M | 15 M | 15 M | 20 M |
| InsuranceAndClaims | 11 M | 16 M | 14 M | 15 M | 15 M | 225000.0 | 1 M | 2 M | 1 M | 2 M |
| Interest expense | -11 M | -11 M | -13 M | -16 M | -22 M | 34 M | 26 M | 19 M | 24 M | 78 M |
| InterestExpenseForCapitalizedLeaseObligations | 600000.0 | 1 M | 1 M | 2 M | ||||||
| InterestExpenseForDeposit | 8 M | 8 M | 8 M | 9 M | 14 M | 21 M | 15 M | 9 M | 10 M | 55 M |
| InterestExpenseForFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell | -40 M | -20 M | ||||||||
| InterestExpenseForLongTermDebt | 3 M | 3 M | 5 M | 6 M | 8 M | 12 M | 11 M | 10 M | 13 M | 20 M |
| InterestExpenseForLongTermDebtAndCapitalSecurities | 3 M | 3 M | 5 M | 6 M | 8 M | 12 M | 11 M | 10 M | 13 M | 20 M |
| InterestExpenseForShortTermDebt | 122000.0 | 157000.0 | 211000.0 | 190000.0 | 273000.0 | 295000.0 | 173000.0 | 170000.0 | 294000.0 | 3 M |
| InterestIncome | 89 M | 112 M | 118 M | 126 M | 142 M | 158 M | 148 M | 143 M | 182 M | 271 M |
| InterestIncomeAfterProvisionForLoanLoss | 78 M | 101 M | 100 M | 104 M | 118 M | 123 M | 108 M | 120 M | 152 M | 186 M |
| InterestIncomeFromDeposits | 234000.0 | 215000.0 | 401000.0 | 1 M | 1 M | 2 M | 876000.0 | 933000.0 | 5 M | 6 M |
| InterestIncomeFromFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell | 124000.0 | |||||||||
| InterestIncomeFromInvestmentSecurities | 8 M | 8 M | 9 M | 8 M | 61 M | 10 M | 10 M | 8 M | 10 M | 13 M |
| InterestIncomeFromLoans | 81 M | 143 M | 109 M | 117 M | 132 M | 146 M | 137 M | 135 M | 167 M | 253 M |
| InterestIncomeFromLoansAndLease | 81 M | 143 M | 109 M | 117 M | 132 M | 146 M | 137 M | 135 M | 167 M | 253 M |
| InterestIncomeFromSecurities | 8 M | 8 M | 9 M | 54 M | 61 M | 10 M | 10 M | 8 M | 10 M | 13 M |
| Net income from total operations | 17 M | 27 M | 32 M | 96 M | 42 M | 49 M | 44 M | 59 M | 61 M | 82 M |
| NetIncomeCommonStockholders | 37 M | 64 M | 79 M | 96 M | 113 M | 49 M | 44 M | 59 M | 61 M | 82 M |
| NetIncomeContinuousOperations | 17 M | 27 M | 32 M | 96 M | 42 M | 49 M | 44 M | 59 M | 61 M | 82 M |
| NetInterestIncome | 81 M | 102 M | 103 M | 107 M | 119 M | 125 M | 122 M | 124 M | 158 M | 194 M |
| NetOccupancyExpense | 5 M | 6 M | 6 M | 6 M | 7 M | 7 M | 8 M | 8 M | 8 M | 9 M |
| NonInterestExpense | -66 M | -79 M | -77 M | -80 M | -86 M | 89 M | 99 M | 111 M | 108 M | 115 M |
| NonInterestIncome | 10 M | 16 M | 21 M | 19 M | 19 M | 27 M | 45 M | 56 M | 32 M | 32 M |
| Normalized income | 31 M | |||||||||
| OccupancyAndEquipment | 6 M | 8 M | 8 M | 8 M | 9 M | 10 M | 11 M | 12 M | 12 M | 13 M |
| Other special charges | -24 M | -38 M | -35 M | -42 M | -50 M | |||||
| OtherCustomerServices | 2 M | 4 M | 4 M | 2 M | 2 M | |||||
| OtherGandA | 11 M | 16 M | 14 M | 15 M | 15 M | 225000.0 | 1 M | 2 M | 1 M | 2 M |
| OtherInterestExpense | -11 M | -11 M | -13 M | -16 M | -22 M | -125 M | -122 M | 19 M | 24 M | 78 M |
| OtherNonInterestExpense | 6 M | 10 M | 8 M | 9 M | 9 M | 24 M | 25 M | 22 M | 25 M | 29 M |
| OtherNonInterestIncome | 3 M | 5 M | 9 M | 36 M | 36 M | 18 M | 16 M | 25 M | 23 M | 25 M |
| PromotionAndAdvertising | 1 M | 1 M | 2 M | 2 M | 2 M | 1 M | 1 M | 1 M | 1 M | 2 M |
| Revenue per share | -1 M | -2 M | -2 M | -2 M | -2 M | 2 M | 3 M | 4 M | 3 M | 3 M |
| SalariesAndWages | 34 M | 43 M | 44 M | 45 M | 51 M | 54 M | 60 M | 66 M | 65 M | 69 M |
| SecuritiesActivities | 27 M | 4 M | 4 M | 8 M | 8 M | 29 M | 30 M | 9 M | 8 M | |
| Selling Gen & administrative expense | 46 M | 60 M | 59 M | 62 M | 67 M | 56 M | 62 M | 69 M | 68 M | 73 M |
| SellingAndMarketingExpense | 1 M | 1 M | 2 M | 2 M | 2 M | 1 M | 1 M | 1 M | 1 M | 2 M |
| ServiceChargeOnDepositorAccounts | 3 M | 3 M | 4 M | 4 M | ||||||
| Special income/charges | -12 M | -10 M | -8 M | -9 M | -9 M | -24 M | -25 M | -22 M | -25 M | -29 M |
| Total common shares outstanding | 17 M | 16 M | 16 M | 17 M | 16 M | 16 M | 16 M | 16 M | 16 M | 16 M |
| Total net income | 17 M | 27 M | 32 M | 96 M | 42 M | 49 M | 44 M | 59 M | 61 M | 82 M |
| Total ordinary shares | 16 M | 16 M | 16 M | 16 M | 16 M | 16 M | 16 M | 16 M | 16 M | 16 M |
| Total revenues | 91 M | 118 M | 124 M | 126 M | 138 M | 151 M | 167 M | 180 M | 190 M | 226 M |
| TotalRevenue | 91 M | 118 M | 124 M | 126 M | 138 M | 151 M | 167 M | 180 M | 190 M | 226 M |
| TrustFeesbyCommissions | 47 M |
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