Mercantile Bank Corporation (MBWM)
| Market Cap | 718.61M |
| Revenue (ttm) | 220.24M |
| Net Income (ttm) | 81.23M |
| Shares Out | 16.14M |
| EPS (ttm) | 5.05 |
| PE Ratio | 8.74 |
| Forward PE | 9.79 |
| Dividend | $1.44 (3.26%) |
| Ex-Dividend Date | Sep 6, 2024 |
| Volume | 9,745 |
| Open | 44.38 |
| Previous Close | 44.16 |
| Day's Range | 44.24 - 44.97 |
| 52-Week Range | 30.12 - 51.21 |
| Beta | 0.97 |
| Analysts | Buy |
| Price Target | 52.00 (+16.78%) |
| Earnings Date | Oct 15, 2024 |
About MBWM
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-fami... [Read more]
Financial Performance
In 2023, Mercantile Bank's revenue was $217.99 million, an increase of 18.94% compared to the previous year's $183.27 million. Earnings were $82.22 million, an increase of 34.64%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price forecast is $52.0, which is an increase of 16.78% from the latest price.
News
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 Increases Regular Cash Dividend
Board declares $0.36 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.4 percent GRAND RAPIDS, Mich. , July 16, 2024 /PRNewswire/ -- Mercantile ...
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 Corporation Declares Regular Cash Dividend
Board declares $0.35 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.9 percent GRAND RAPIDS, Mich. , April 16, 2024 /PRNewswire/ -- Mercantile...
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...
Mercantile Bank Corporation Announces Robust Third Quarter 2023 Results
Substantial year-over-year increase in net interest income, ongoing loan portfolio expansion, and sustained strength in asset quality metrics highlight quarter
Mercantile Bank Corporation Announces Third Quarter 2023 Results Conference Call and Webcast
GRAND RAPIDS, Mich., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m. Eastern Time on Tuesday, October 17, 2023 to discu...
18 Upcoming Dividend Increases, Including 2 Dividend Kings
Investors prioritize dividends as companies that consistently increase payouts tend to outperform. Lists of upcoming dividend increases are compiled, focusing on companies with at least five years of ...
Mercantile Bank Corporation (MBWM) Q2 2023 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q2 2023 Earnings Conference Call July 18, 2023 10:00 AM ET Company Participants Zack Mukewa - Lambert IR Bob Kaminski - President & CEO Ray Reitsma - COO & P...
Mercantile Bank Corporation Announces Strong Second Quarter 2023 Results
Significant year-over-year increase in net interest income, solid loan growth, and ongoing strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , July 18, 2023 /PRNewswire/ -- Merca...
Mercantile Bank Corporation Announces Second Quarter 2023 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , June 28, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Corporation (MBWM) Q1 2023 Earnings Call Transcript
Mercantile Bank Corporation (MBWM) Q1 2023 Earnings Call Transcript
Mercantile Bank Corporation Announces Strong First Quarter Results
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $21.0 million, or $1.31 per diluted share, for the first quarter of 2023, compared with net income of $11.5 million, or...