Mercantile Bank Corporation
MBWM
NGS
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
Last updated: Wednesday 6th December 2023
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Valuation
Price per Sales TTM ($) | 3.01 |
Price per Book TTM ($) | 1.15 |
PE Ratio (TTM) | 7.00 |
Book Value per Share ($) | 30.15 |
5 Year PE Range | NA , NA |
Returns
7 Day Return | 6.34% | |
1 Month Return | 5.82% | |
3 Month Return | 10.78% | |
1 Year Return | 13.45% | |
3 Year Return | 58.75% | |
5 Year Return | 54.16% | |
YTD Return | 8.42% |
Risk
Dividends
Analyst Estimates
Financial Health
Technicals
RSI (14 Day) | 59.66 |
14 Day SMA ($) | 35.57 |
14 Day EMA ($) | 35.39 |
Money Flow Index | 64.48 |
Average True Range | 1.09 |
50 Day SMA ($) | 33.14 |
200 Day SMA ($) | 31.27 |
ADX | 11.53 |
MACD | -0.24 |
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% |
Profitability
Financials
MBWM Income Statement
Annual
| Dec-13 | Dec-14 | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Amortization | -1 M | -2 M | -2 M | -2 M | -2 M | 2 M | 3 M | 4 M | -3 M | |
| Basic EPS from continuing operations | 1.96 | 1.28 | 1.63 | 1.96 | 1.9 | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 |
| Basic EPS total | 1.96 | 1.28 | 1.63 | 1.96 | 1.9 | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 |
| Basic weighted shares outstanding | 9 M | 14 M | 17 M | 16 M | 16 M | 17 M | 16 M | 16 M | 16 M | 16 M |
| CreditCard | 46 M | |||||||||
| CreditLossesProvision | 7 M | 3 M | 1000000.0 | 3 M | 3 M | 1 M | 2 M | 14 M | 4 M | 7 M |
| Depreciation | -1 M | -2 M | -3 M | -3 M | -3 M | -4 M | 4 M | 5 M | 6 M | -6 M |
| DepreciationAndAmortization | -1 M | -2 M | -3 M | -3 M | -3 M | -4 M | 4 M | 5 M | 6 M | -6 M |
| Diluted EPS total | 1.95 | 1.28 | 1.62 | 1.96 | 1.9 | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 |
| Diluted normalized net income/share | 1.95 | 1.28 | 1.62 | 1.96 | 1.9 | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 |
| Diluted weighted shares outstanding | 9 M | 14 M | 17 M | 16 M | 16 M | 17 M | 16 M | 16 M | 16 M | 16 M |
| DividendIncome | 60 M | |||||||||
| Dividends paid per share | 1.18 | |||||||||
| Equipment | 984000.0 | 2 M | 2 M | 2 M | 2 M | 2 M | 3 M | 3 M | 4 M | 4 M |
| FeesAndCommissions | 3 M | 32 M | 11 M | 12 M | 2 M | 2 M | 8 M | 29 M | 30 M | 9 M |
| GainOnSaleOfBusiness | 47 M | 1 M | ||||||||
| GeneralAndAdministrativeExpense | 5 M | 11 M | 16 M | 14 M | 15 M | 15 M | 225000.0 | 1 M | 2 M | 14 M |
| Income before tax | 25 M | 25 M | 39 M | 47 M | 46 M | 52 M | 60 M | 55 M | 74 M | 76 M |
| Income restructuring and M&A | 1 M | 5 M | ||||||||
| Income taxes | 9 M | 9 M | 14 M | 16 M | 16 M | 11 M | 11 M | 11 M | 15 M | 16 M |
| InsuranceAndClaims | 5 M | 11 M | 16 M | 14 M | 15 M | 15 M | 225000.0 | 1 M | 2 M | 14 M |
| Interest expense | -11 M | -11 M | -11 M | -13 M | -16 M | -22 M | 34 M | 26 M | 19 M | -24 M |
| InterestExpenseForCapitalizedLeaseObligations | 600000.0 | 1 M | -1 M | |||||||
| InterestExpenseForDeposit | 9 M | 8 M | 8 M | 8 M | 9 M | 14 M | 21 M | 15 M | 9 M | 10 M |
| InterestExpenseForFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell | -40 M | -20 M | ||||||||
| InterestExpenseForLongTermDebt | -54 M | 3 M | 3 M | 5 M | 6 M | 8 M | 12 M | 11 M | 10 M | 13 M |
| InterestExpenseForLongTermDebtAndCapitalSecurities | -54 M | 3 M | 3 M | 5 M | 6 M | 8 M | 12 M | 11 M | 10 M | 13 M |
| InterestExpenseForShortTermDebt | 80000.0 | 122000.0 | 157000.0 | 211000.0 | 190000.0 | 273000.0 | 295000.0 | 173000.0 | 170000.0 | 294000.0 |
| InterestIncome | 58 M | 89 M | 112 M | 118 M | 126 M | 142 M | 158 M | 148 M | 143 M | 182 M |
| InterestIncomeAfterProvisionForLoanLoss | 47 M | 78 M | 101 M | 100 M | 104 M | 118 M | 123 M | 108 M | 120 M | 145 M |
| InterestIncomeFromDeposits | 21000.0 | 234000.0 | 215000.0 | 401000.0 | 1 M | 1 M | 2 M | 876000.0 | 933000.0 | 5 M |
| InterestIncomeFromFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell | 212000.0 | 124000.0 | ||||||||
| InterestIncomeFromInvestmentSecurities | 5 M | 8 M | 8 M | 9 M | 8 M | 61 M | 10 M | 10 M | 8 M | 10 M |
| InterestIncomeFromLoans | 53 M | 81 M | 143 M | 109 M | 117 M | 132 M | 146 M | 137 M | 135 M | 167 M |
| InterestIncomeFromLoansAndLease | 53 M | 81 M | 143 M | 109 M | 117 M | 132 M | 146 M | 137 M | 135 M | 167 M |
| InterestIncomeFromSecurities | 5 M | 8 M | 8 M | 9 M | 54 M | 61 M | 10 M | 10 M | 8 M | 10 M |
| Net income from total operations | 17 M | 17 M | 27 M | 32 M | 96 M | 42 M | 49 M | 44 M | 59 M | 61 M |
| NetIncomeCommonStockholders | 82 M | 37 M | 64 M | 79 M | 96 M | 113 M | 49 M | 44 M | 58 M | 61 M |
| NetIncomeContinuousOperations | 17 M | 17 M | 27 M | 32 M | 96 M | 42 M | 49 M | 44 M | 59 M | 61 M |
| NetInterestIncome | 55 M | 81 M | 102 M | 103 M | 107 M | 119 M | 125 M | 122 M | 124 M | 152 M |
| NetOccupancyExpense | 3 M | 5 M | 6 M | 6 M | 6 M | 7 M | 7 M | 8 M | 8 M | 8 M |
| NonInterestExpense | -36 M | -66 M | -79 M | -77 M | -80 M | -86 M | 89 M | 99 M | 111 M | -108 M |
| NonInterestIncome | 7 M | 10 M | 16 M | 21 M | 19 M | 19 M | 27 M | 45 M | 56 M | 32 M |
| Normalized income | 22 M | |||||||||
| OccupancyAndEquipment | 4 M | 6 M | 8 M | 8 M | 8 M | 9 M | 10 M | 11 M | 12 M | 12 M |
| Other special charges | -7 M | -24 M | -38 M | -35 M | -1 M | |||||
| OtherCustomerServices | 1 M | 2 M | 4 M | 4 M | 2 M | 2 M | ||||
| OtherGandA | 5 M | 11 M | 16 M | 14 M | 15 M | 15 M | 225000.0 | 1 M | 2 M | 14 M |
| OtherInterestExpense | 1 M | -11 M | -11 M | -13 M | -16 M | -22 M | -125 M | -122 M | 19 M | -24 M |
| OtherNonInterestExpense | 4 M | 6 M | 10 M | 8 M | 9 M | 9 M | 24 M | 25 M | 22 M | 14 M |
| OtherNonInterestIncome | 3 M | 3 M | 5 M | 9 M | 36 M | 36 M | 18 M | 16 M | 25 M | 23 M |
| PromotionAndAdvertising | 1 M | 1 M | 1 M | 2 M | 2 M | 2 M | 1 M | 1 M | 1 M | 1 M |
| SalariesAndWages | 20 M | 34 M | 43 M | 44 M | 45 M | 51 M | 54 M | 60 M | 66 M | 65 M |
| SecuritiesActivities | 800000.0 | 27 M | 4 M | 4 M | 8 M | 8 M | 29 M | 30 M | ||
| Selling Gen & administrative expense | 27 M | 46 M | 60 M | 59 M | 62 M | 67 M | 56 M | 62 M | 69 M | 81 M |
| SellingAndMarketingExpense | 1 M | 1 M | 1 M | 2 M | 2 M | 2 M | 1 M | 1 M | 1 M | 1 M |
| ServiceChargeOnDepositorAccounts | 2 M | 3 M | 3 M | 4 M | 4 M | 9 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 outstanding | 9 M | 17 M | 16 M | 16 M | 17 M | 16 M | 16 M | 16 M | 16 M | 16 M |
| Total net income | 17 M | 17 M | 27 M | 32 M | 96 M | 42 M | 49 M | 44 M | 59 M | 61 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 | 62 M | 91 M | 118 M | 124 M | 126 M | 138 M | 151 M | 167 M | 180 M | 184 M |
| TotalRevenue | 62 M | 91 M | 118 M | 124 M | 126 M | 138 M | 151 M | 167 M | 180 M | 184 M |
| TradingGainLoss | -25 M | |||||||||
| TrustFeesbyCommissions | 47 M |
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