Mercantile Bank Corporation (MBWM)
Stock Price Chart
Key Info
| Market Cap | 347.17M |
| Revenue (ttm) | 146.83M |
| Net Income (ttm) | 48.31M |
| Shares Out | 16.23M |
| EPS (ttm) | 2.77 |
| PE Ratio | 7.72 |
| Forward PE | 11.03 |
| Dividend | $1.12 |
| Dividend Yield | 5.24% |
Stock Quote
| Trading Day | Aug 4, 2020 |
| Last Price | $21.39 |
| Previous Close | $21.17 |
| Change ($) | 0.22 |
| Change (%) | 1.04% |
| Day's Open | - |
| Day's Range | 21.39 - 21.39 |
| Day's Volume | 369 |
| 52-Week Range | 18.64 - 37.32 |
More Stats
| Market Cap | 347.17M |
| Enterprise Value | 684.78M |
| Earnings Date (est) | Oct 20, 2020 |
| Ex-Dividend Date | Jun 4, 2020 |
| Shares Outstanding | 16.23M |
| Float | 13.93M |
| EPS (basic) | 2.94 |
| EPS (diluted) | 2.77 |
| FCF / Share | 1.15 |
| Dividend | $1.12 |
| Dividend Yield | 5.24% |
| Earnings Yield | 12.95% |
| FCF Yield | 5.41% |
| Payout Ratio | 36.70% |
| Shares Short | 280,896 |
| Short Ratio | 4.83 |
| Short % of Float | 1.69% |
| Beta | 1.14 |
| PE Ratio | 7.72 |
| Forward PE | 11.03 |
| P/FCF Ratio | 18.47 |
| PS Ratio | 2.36 |
| PB Ratio | 0.85 |
| Revenue | 146.83M |
| Operating Income | 59.04M |
| Net Income | 48.31M |
| Free Cash Flow | 18.80M |
| Net Cash | -337.60M |
| Net Cash / Share | -20.80 |
| Gross Margin | 101.98% |
| Operating Margin | 40.21% |
| Profit Margin | 32.30% |
| FCF Margin | 12.80% |
| ROA | 1.15% |
| ROE | 10.97% |
| ROIC | 1.50% |
Analyst Summary
Analyst Consensus: n/a
Financial Performance
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 150 | 138 | 126 | 124 | 118 | 90.81 | 61.53 | 57.80 | 51.62 | 33.79 |
| Revenue Growth | 8.51% | 9.69% | 1.45% | 4.9% | 30.18% | 47.58% | 6.46% | 11.96% | 52.75% | - |
| Gross Profit | 150 | 138 | 126 | 124 | 118 | 90.81 | 61.53 | 57.80 | 51.62 | 33.79 |
| Operating Income | 60.46 | 51.82 | 46.08 | 46.89 | 38.83 | 25.20 | 25.13 | 18.17 | 10.34 | -12.34 |
| Net Income | 49.46 | 42.02 | 31.27 | 31.91 | 27.02 | 17.33 | 17.03 | 12.54 | 37.49 | -13.32 |
| Shares Outstanding | 16.34 | 16.59 | 16.49 | 16.30 | 16.27 | 16.86 | 8.71 | 8.64 | 8.60 | 8.60 |
| Earnings Per Share | 3.01 | 2.53 | 1.90 | 1.96 | 1.62 | 1.28 | 1.95 | 1.30 | 4.07 | -1.72 |
| EPS Growth | 18.97% | 33.16% | -3.06% | 20.99% | 26.56% | -34.36% | 50% | -68.06% | - | - |
| Dividend Per Share | 1.06 | 1.68 | 0.74 | 1.16 | 0.58 | 2.48 | 0.45 | 0.09 | - | 0.01 |
| Dividend Growth | -36.9% | 127.03% | -36.21% | 100% | -76.61% | 451.11% | 400% | - | - | - |
| Operating Cash Flow | 44.77 | 61.74 | 38.67 | 34.60 | 36.00 | 14.44 | 28.68 | 17.03 | 22.51 | 29.60 |
| Capital Expenditures | -12.63 | -4.35 | -5.40 | -1.98 | -1.08 | -2.18 | -0.33 | -0.57 | -0.56 | -0.12 |
| Free Cash Flow | 32.14 | 57.38 | 33.27 | 32.62 | 34.92 | 12.26 | 28.36 | 16.46 | 21.95 | 29.48 |
| Cash & Equivalents | 234 | 75.35 | 200 | 184 | 89.89 | 173 | 147 | 136 | 76.37 | 64.20 |
| Total Debt | 504 | 500 | 384 | 352 | 278 | 276 | 147 | 133 | 152 | 227 |
| Net Cash / Debt | -270 | -424 | -184 | -168 | -188 | -103 | -0.33 | 3.25 | -75.62 | -163 |
| Assets | 3,633 | 3,364 | 3,287 | 3,083 | 2,904 | 2,893 | 1,427 | 1,423 | 1,433 | 1,632 |
| Liabilities | 3,216 | 2,989 | 2,921 | 2,742 | 2,570 | 2,565 | 1,274 | 1,276 | 1,268 | 1,506 |
| Book Value | 417 | 375 | 366 | 341 | 334 | 328 | 153 | 147 | 165 | 126 |
Company Profile
Company Details
| Full Name | Mercantile Bank Corporation |
| Country | United States |
| Employees | 637 |
| CEO | Robert B. Kaminski |
Stock Information
| Ticker Symbol | MBWM |
| Stock Exchange | NASDAQ |
| Sector | Financial Services |
| Industry | Banks—Regional |
| Unique Identifier | NASDAQ: MBWM |
| IPO Date | August 7, 1997 |
Description
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for 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 offers commercial, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and multi-family and residential rental property real estate loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 32 automated teller machines and eight video banking machines. The company operates 40 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.