Mercantile Bank Corporation
General ticker "MBWM" information:
- Sector: Financials
- Industry: Banks - Regional
- Capitalization: $768.2M (TTM average)
Mercantile Bank Corporation follows the US Stock Market performance with the rate: 47.1%.
Estimated limits based on current volatility of 1.2%: low 51.71$, high 53.00$
Factors to consider:
- Company pays dividends (quarterly): last record date 2026-03-06, amount 0.39$ (Y3.06%)
- Total employees count: 682 (+2.6%) as of 2024
- Company does not operate outside US (retrieved using AI)
- Top business risk factors: Commercial real estate market weakness, Market volatility, Regulatory and compliance, Risk management failure, Acquisition/divestiture risks
- Price in estimated range
- Earnings for 3 months up through Q1 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2025-12-31 to 2027-12-31
- 2025-12-31 to 2026-12-31 estimated range: [40.12$, 54.50$]
- 2026-12-31 to 2027-12-31 estimated range: [39.24$, 53.99$]
Financial Metrics affecting the MBWM estimates:
- Negative: with PPE of 9.0 at the end of fiscal year the price was very high
- Positive: Operating profit margin, % of 27.46 > 18.39
- Negative: Shareholder equity ratio, % of 10.61 <= 19.24
- Positive: -0.02 < Operating cash flow per share per price, % of 2.26
- Positive: -3.75 < Return on assets ratio (scaled to [-100,100]) of 1.28
- Positive: Industry operating profit margin (median), % of 22.72 > 9.60
- Positive: Industry operating cash flow per share per price (median), % of 10.80 > 10.39
- Positive: Inventory ratio change, % of 0 <= 0
- Positive: Industry earnings per price (median), % of 7.25 > 4.45
Short-term MBWM quotes
Long-term MBWM plot with estimates
Financial data
| YTD | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating Revenue | $303.50MM | $361.89MM | $371.80MM |
| Operating Expenses | $200.80MM | $263.61MM | $269.71MM |
| Operating Income | $102.70MM | $98.29MM | $102.09MM |
| Interest Expense | $77.81MM | $130.42MM | $129.15MM |
| Income(Loss) | $102.70MM | $98.29MM | $102.09MM |
| Taxes | $20.48MM | $18.69MM | $13.34MM |
| Net Income(Loss)* | $82.22MM | $79.59MM | $88.75MM |
| Stockholders Equity | $522.14MM | $584.53MM | $724.88MM |
| Assets | $5,353.22MM | $6,052.16MM | $6,835.22MM |
| Operating Cash Flow | $66.61MM | $101.12MM | $17.97MM |
| Capital expenditure | $6.69MM | $8.53MM | $6.76MM |
| Investing Cash Flow | $-395.93MM | $-425.44MM | $-105.70MM |
| Financing Cash Flow | $363.08MM | $586.79MM | $168.04MM |
| Earnings Per Share** | $5.13 | $4.93 | $5.46 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.