Financial Services -
Banks - Regional - NASDAQ - US
$ 43.86
0.689 %
$ 712 M
Market Cap
9.14
P/E
1. INTRINSIC VALUE
Balance Sheet
Mercantile Bank Corporation
| Current Assets | 1.12 B |
| Cash & Short-Term Investments | 1.12 B |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 4.93 B |
| Long-Term Investments | 4.56 B |
| PP&E | 53.4 M |
| Other Non-Current Assets | 313 M |
| Current Liabilities | 4.82 B |
| Accounts Payable | 0 |
| Short-Term Debt | 122 M |
| Other Current Liabilities | 4.7 B |
| Non-Current Liabilities | 648 M |
| Long-Term Debt | 527 M |
| Other Non-Current Liabilities | 121 M |
EFFICIENCY
Earnings Waterfall
Mercantile Bank Corporation
| Revenue | 362 M |
| Cost Of Revenue | 138 M |
| Gross Profit | 224 M |
| Operating Expenses | 126 M |
| Operating Income | 98.3 M |
| Other Expenses | 18.7 M |
| Net Income | 79.6 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Mercantile Bank Corporation
| Net Income | 79.6 M |
| Depreciation & Amortization | 10.5 M |
| Capital Expenditures | -8.53 M |
| Stock-Based Compensation | 3.32 M |
| Change in Working Capital | 501 K |
| Others | -18.2 M |
| Free Cash Flow | 92.6 M |
Wall Street Analysts Price Targets
Mercantile Bank Corporation
MBWM has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.84%
DIVIDEND YIELD
0.37 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Mercantile Bank Corporation
Sold
0-3 MONTHS
21.5 K USD 1
3-6 MONTHS
746 K USD 3
6-9 MONTHS
532 K USD 1
9-12 MONTHS
738 K USD 2
Bought
0 USD 0
0-3 MONTHS
101 K USD 3
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
MERCANTILE BANK PARTNERS IN STATEWIDE INVESTMENT TO ADVANCE AFFORDABLE HOUSING INITIATIVES
Over $200,000 provided to nonprofits through Federal Home Loan Bank of Indianapolis Community Multiplier Program GRAND RAPIDS, Mich. , May 1, 2025 /PRNewswire/ -- Mercantile Bank is proud to announce its participation in the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) Community Multiplier program, resulting in over $200,000 in grant funding awarded to six nonprofit organizations across the state supporting affordable housing projects.
prnewswire.com
- 1 month ago
Mercantile Bank Corporation (MBWM) Q1 2025 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM ) Q1 2025 Earnings Conference Call April 22, 2025 10:00 AM ET Company Participants Ray Reitsma - President & CEO Chuck Christmas - EVP & CFO Nichole Kladder - CMO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tamayo - Raymond James Damon DelMonte - KBW Adam Kroll - Piper Sandler Operator Good morning, and welcome to the Mercantile Bank Corporation 2025 first quarter earnings results conference call. [Operator instructions].
seekingalpha.com
- 2 months ago
Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 2 months ago
Mercantile Bank (MBWM) Tops Q1 Earnings Estimates
Mercantile Bank (MBWM) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.34 per share a year ago.
zacks.com
- 2 months ago
Mercantile Bank Corporation Announces Strong First Quarter 2025 Results
Growth in net interest income, notable increases in certain noninterest income categories, sustained strength in asset quality metrics, and continuing solid capital position highlight the quarter GRAND RAPIDS, Mich. , April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.5 million, or $1.21 per diluted share, for the first quarter of 2025, compared with net income of $21.6 million, or $1.34 per diluted share, for the first quarter of 2024.
prnewswire.com
- 2 months ago
Mercantile Bank Corporation Declares Regular Cash Dividend
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.6 percent GRAND RAPIDS, Mich. , April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on April 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025.
prnewswire.com
- 2 months ago
Mercantile Bank Corporation Announces First Quarter 2025 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , March 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
prnewswire.com
- 2 months ago
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 strategy prioritizes companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation and portfolio prosperity. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth.
seekingalpha.com
- 3 months ago
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 Reitsma - President and Chief Executive Officer Charles Christmas - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Tamayo - Raymond James Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Good morning and welcome to the Mercantile Bank Corporation 2024 Fourth Quarter Earnings Conference Call. All participants will be in listen-only mode.
seekingalpha.com
- 5 months ago
Compared to Estimates, Mercantile Bank (MBWM) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 5 months ago
Mercantile Bank (MBWM) Q4 Earnings and Revenues Beat Estimates
Mercantile Bank (MBWM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.25 per share a year ago.
zacks.com
- 5 months ago
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 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the fourth quarter of 2024, compared with net income of $20.0 million, or $1.25 per diluted share, for the respective prior-year period.
prnewswire.com
- 5 months ago
8. Profile
Summary
Mercantile Bank Corporation MBWM
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 712 M
Dividend Yield
0.84%
Description
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 offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; 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 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Contact
310 Leonard Street NW, Grand Rapids, MI, 49504
https://www.mercbank.com
IPO
Date
July 20, 1999
Employees
662
Officers
Mr. Scott P. Setlock
Executive Vice President, Chief Operating Officer & Secretary
Mr. Charles E. Christmas
Executive Vice President, Chief Financial Officer & Treasurer
Mr. Justin M. Karl
Executive Vice President & Senior Lending Officer of Mercantile Bank
Mr. Mark S. Augustyn
Executive Vice President & Chief Commercial Banking Officer of the Bank
Mr. Brett E. Hoover
Executive Vice President & Chief Human Resource Officer
Mr. Douglas J. Holtrop
Executive Vice President & Senior Lending Officer of Mercantile Bank
Mr. Raymond E. Reitsma
President, Chief Executive Officer & Director
Sonali D. Allen
Senior Vice President and Chief Compliance & Community Development Officer of Mercantile Bank
Mr. Jeff Kaiser
Senior Vice President & Head of Risk Management Department
Mr. Douglas J. Ouellette
Senior Vice President & Chief Community Banking Officer of Mercantile Bank