Mercantile Bank Corporation (MBWM)
| Market Cap | 714.65M |
| Revenue (ttm) | 224.08M |
| Net Income (ttm) | 79.59M |
| Shares Out | 16.23M |
| EPS (ttm) | 4.93 |
| PE Ratio | 8.93 |
| Forward PE | 9.12 |
| Dividend | $1.44 (3.27%) |
| Ex-Dividend Date | Mar 7, 2025 |
| Volume | 52,856 |
| Open | 45.37 |
| Previous Close | 44.85 |
| Day's Range | 43.80 - 45.26 |
| 52-Week Range | 33.46 - 52.98 |
| Beta | 1.00 |
| Analysts | Buy |
| Price Target | 55.00 (+24.92%) |
| Earnings Date | Apr 15, 2025 |
About MBWM
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It 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 residen... [Read more]
Financial Performance
In 2024, Mercantile Bank's revenue was $224.08 million, an increase of 2.79% compared to the previous year's $217.99 million. Earnings were $79.59 million, a decrease of -3.19%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price forecast is $55.0, which is an increase of 24.92% from the latest price.
News
31 Upcoming Dividend Increases, Including 3 Kings
This week sees 31 dividend increases, including three Dividend Kings: Genuine Parts, Commerce Bancshares, and Kimberly-Clark, showcasing impressive financial stability and growth. My investment strate...
Mercantile Bank Corporation (MBWM) Q4 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2024 Earnings Conference Call January 21, 2025 10:00 AM ET Company Participants Nichole Kladder - First Vice President and Chief Marketing Officer Raymond...
Mercantile Bank Corporation Announces Robust Fourth Quarter and Full-Year 2024 Results
Strong commercial loan and local deposit growth, notable increase in noninterest income, and ongoing strength in asset quality metrics highlight the year GRAND RAPIDS, Mich. , Jan. 21, 2025 /PRNewswir...
Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.4 percent GRAND RAPIDS, Mich. , Jan. 21, 2025 /PRNewswire/ -- Mercantile Ba...
Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Jan. 2, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation
Mercantile Bank Corporation's Q3 2024 results exceeded analyst expectations, with revenue and profits higher than anticipated, despite a year-over-year decline in net profits. The stock has risen 26.1...
Mercantile Bank Corporation (MBWM) Q3 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q3 2024 Earnings Conference Call October 15, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP and Chief Marketing Officer Raymond Reitsma - P...
Mercantile Bank Corporation Announces Strong Third Quarter Results
Robust local deposit and commercial loan growth and sustained strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDA...
Mercantile Bank Corporation Declares Regular Cash Dividend
Board declares $0.36 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.5 percent GRAND RAPIDS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Mercantile ...
Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Sept. 30, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
15 Upcoming Dividend Increases Including A King
This week, 15 companies, including Dividend King Stanley Black & Decker, are set to increase dividends, with SWK extending its 57-year streak by 1.2%. My strategy focuses on buying, holding, and addin...
Mercantile Bank: Q2 2024 Earnings Spike The Price
Mortgage loan originations and commercial loan growth led to a positive market reaction. Loan to Deposit ratio is improving, but still high at 107%, with management aiming to bring it down to around 9...
Mercantile Bank Corporation (MBWM) Q2 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q2 2024 Earnings Conference Call July 16, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP & Chief Marketing Officer Raymond Reitsma - Presid...
Mercantile Bank Corporation Announces Solid Second Quarter Results
Strong local deposit and commercial loan growth and ongoing strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , July 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:...
Mercantile Bank Corporation Announces Second Quarter 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , June 27, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Corporation Implements Management Succession Plan
GRAND RAPIDS, Mich. , June 3, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) implemented the following resignations and appointments, in furtherance of its previously announced manage...
Mercantile Bank Corporation (MBWM) Q1 2024 Earnings Call Transcript
Mercantile Bank Corporation (MBWM) Q1 2024 Earnings Call Transcript
Mercantile Bank Corporation Announces Robust First Quarter Results
Strong local deposit growth, sustained strength in asset quality metrics and noteworthy increases in several noninterest revenue streams highlight quarter GRAND RAPIDS, Mich. , April 16, 2024 /PRNewsw...
Mercantile Bank: A Fantastic Prospect For Investors To Bank On
Mercantile Bank Corporation is a small bank with consistent revenue and profit growth, making it an attractive investment opportunity.
Mercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , March 28, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Corporation (MBWM) Q4 2023 Earnings Call Transcript
Mercantile Bank Corporation (MBWM) Q4 2023 Earnings Call Transcript
Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 Results
Significant increase in net interest income, robust loan growth, and ongoing strength in asset quality metrics highlight the year Significant increase in net interest income, robust loan growth, and o...
Mercantile Bank Corporation (MBWM) Q3 2023 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q3 2023 Earnings Conference Call October 17, 2023 10:00 AM ET Company Participants Zack Mukewa - Lambert IR Robert Kaminski - President & CEO Raymond Reitsma...
Mercantile Bank Corporation Announces Retirement of President and Chief Executive Officer Robert B. Kaminski, Jr.
Mr. Kaminski intends to retire in 2024, at which time Raymond E. Reitsma is expected to be appointed President and Chief Executive Officer Mr. Kaminski intends to retire in 2024, at which time Raymond...