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- Ticker
- MBWM
- Price
- 41.12
- Stock movement up
- +1.64 (4.14%)
- Company name
- Mercantile Bank Corporation
- Exchange
- (NASDAQ ,
- Currency
- USD )
- Sector
- Financial Services >Banks - Regional
- Market cap
- 663.75M
- Ent value
- 5.67B
- Price/Sales
- 1.99
- Price/Book
- 1.14
- Div yield
- 3.60%
- Div growth
- 15.12%
- Growth years
- 10
- FCF payout
- 70.10%
- Trailing P/E
- 8.30
- Forward P/E
- 9.29
- PEG
- 1.04
- EPS growth
- 15.20%
- 1 year return
- 10.24%
- 3 year return
- 5.72%
- 5 year return
- 16.56%
- 10 year return
- 7.64%
Last updated: 2025-04-09
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
DIVIDENDS
Dividend yield - 5y
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Dividend yield data
| Dividend per share | 1.48 |
| Dividend yield | 3.60% |
| Payout frequency | Quarterly |
| Maximum yield | 6.54% |
| Average yield | 3.93% |
| Minimum yield | 2.78% |
| Discount to avg yield | -9.17% |
| Upside potential | -8.40% |
| Yield as % of max yield | 55.02% |
Yield distribution (inverse percentile) - 5y
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Yield distribution data
| Dividend yield | 3.60% |
| Current yield distribution | 67.14% |
| Yield at 100% (Min) | 2.78% |
| Yield at 90% | 3.26% |
| Yield at 80% | 3.41% |
| Yield at 50% (Median) | 3.79% |
| Yield at 20% | 4.39% |
| Yield at 10% | 5.03% |
| Yield at 0% (Max) | 6.54% |
Dividend per share
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Dividend per share data
| Years of growth | 10 years |
| CCC status | Dividend Contender |
| Dividend per share | 1.48 |
| Payout frequency | Quarterly |
| Ex-div date | 7 Mar 2025 |
| EPS (TTM) | 4.96 |
| EPS (1y forward) | 4.43 |
| EPS growth (5y) | 15.20% |
| EPS growth (5y forward) | 8.00% |
Dividend growth
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Dividend growth data
| MBWM | S&P500 | |
| DGR MR | 2.78% | -13.74% |
| DGR TTM | 5.88% | 6.60% |
| DGR 3 years | 6.16% | 5.24% |
| DGR 5 years | 15.12% | 5.40% |
| DGR 10 years | 7.32% | 7.07% |
| DGR 15 years | 1.47% | 6.12% |
| Time since last change announced | 85 days |
| EPS growth (5y) | 15.20% |
| EPS growth (5y forward) | 8.00% |
Payout ratio
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Payout ratio data
| EPS coverage | FCF coverage | |
| TTM | 27.64% | 70.10% |
| Average | - | - |
| Forward | 33.44% | - |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
VALUATION
Valuation Ratios
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Valuation Ratios data
| Trailing P/E | 8.30 |
| Price to OCF | 15.25 |
| Price to FCF | 21.04 |
| Price to EBITDA | 8.51 |
| EV to EBITDA | 72.72 |
Valuation (Sales/Book Value)
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Valuation (Sales/Book Value) data
| Price to Sales | 1.99 |
| Price to Book | 1.14 |
| EV to Sales | 17.01 |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
FINANCIALS
Per share
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Per share data
| Current share count | 16.14M |
| EPS (TTM) | 4.96 |
| FCF per share (TTM) | 1.95 |
Income statement
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Income statement data
| Revenue (TTM) | 333.37M |
| Gross profit (TTM) | -65.55B |
| Operating income (TTM) | 103.64M |
| Net income (TTM) | 80.00M |
| EPS (TTM) | 4.96 |
| EPS (1y forward) | 4.43 |
Margins
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Margins data
| Gross margin (TTM) | -19662.45% |
| Operating margin (TTM) | 31.09% |
| Profit margin (TTM) | 24.00% |
Balance Sheet
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Balance Sheet data
| Cash | 328.55M |
| Net receivables | 0.00 |
| Total current assets | 791.14M |
| Goodwill | 49.47M |
| Intangible assets | 0.00 |
| Property, plant and equipment | 0.00 |
| Total assets | 5.92B |
| Accounts payable | 0.00 |
| Short/Current long term debt | 556.47M |
| Total current liabilities | 1.40B |
| Total liabilities | 5.33B |
| Shareholder's equity | 583.31M |
| Net tangible assets | 0.00 |
Cash flow
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Cash flow data
| Operating cash flow (TTM) | 43.53M |
| Capital expenditures (TTM) | 11.99M |
| Free cash flow (TTM) | 31.55M |
| Dividends paid (TTM) | 22.11M |
Financial returns
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Financial returns data
| Return on Equity | 13.71% |
| Return on Assets | 1.35% |
| Return on Invested Capital | 9.95% |
| Cash Return on Invested Capital | 3.92% |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
STOCK INFORMATION
Stock chart
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Stock price data
| Open | 39.14 |
| Daily high | 42.27 |
| Daily low | 37.97 |
| Daily Volume | 98K |
| All-time high | 51.79 |
| 1y analyst estimate | 51.38 |
| Beta | 0.97 |
| EPS (TTM) | 4.96 |
| Dividend per share | 1.48 |
| Ex-div date | 7 Mar 2025 |
| Next earnings date | 14 Apr 2025 |
Downside potential
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Downside potential data
| MBWM | S&P500 | |
| Current price drop from All-time high | -20.60% | -10.49% |
| Highest price drop | -93.48% | -56.47% |
| Date of highest drop | 24 Jun 2009 | 9 Mar 2009 |
| Avg drop from high | -36.18% | -11.07% |
| Avg time to new high | 53 days | 12 days |
| Max time to new high | 4775 days | 1805 days |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
COMPANY DETAILS
Marketcap
663.75M
Marketcap category
Small-cap
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 provides 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 offers 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Employees
653
Website
SEC filings
CEO
Robert Kaminski
Country
USA
City
Grand Rapids
Stock type
Common stock
CCC status
Dividend Contender
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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iO Charts is a Seeking Alpha partner
UNDERSTAND THE BUSINESS
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COMPANY NEWS
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