Mercantile Bank Corporation
General ticker "MBWM" information:
- Sector: Financials
- Industry: Banks - Regional
- Capitalization: $741.2M (TTM average)
Mercantile Bank Corporation follows the US Stock Market performance with the rate: 59.7%.
Estimated limits based on current volatility of 1.6%: low 51.45$, high 53.15$
Factors to consider:
- Company pays dividends (quarterly): last record date 2025-12-05, amount 0.38$ (Y2.93%)
- 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 12 months up through Q4 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 2024-12-31 to 2026-12-31
- 2024-12-31 to 2025-12-31 estimated range: [40.13$, 54.04$]
- 2025-12-31 to 2026-12-31 estimated range: [39.63$, 54.16$]
Financial Metrics affecting the MBWM estimates:
- Negative: with PPE of 9.2 at the end of fiscal year the price was high
- Positive: Operating cash flow per share per price, % of 13.83 > 12.96
- Positive: Operating profit margin, % of 27.16 > 18.38
- Negative: Shareholder equity ratio, % of 9.66 <= 19.40
- Positive: Industry operating cash flow per share per price (median), % of 10.58 > 10.29
- Negative: -0.75 < Inventory ratio change, % of 0
- Positive: -3.43 < Return on assets ratio (scaled to [-100,100]) of 1.30
Short-term MBWM quotes
Long-term MBWM plot with estimates
Financial data
| YTD | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating Revenue | $213.92MM | $303.50MM | $361.89MM |
| Operating Expenses | $138.13MM | $200.80MM | $263.61MM |
| Operating Income | $75.79MM | $102.70MM | $98.29MM |
| Interest Expense | $23.59MM | $77.81MM | $130.42MM |
| Income(Loss) | $75.79MM | $102.70MM | $98.29MM |
| Taxes | $14.73MM | $20.48MM | $18.69MM |
| Profit(Loss)* | $61.06MM | $82.22MM | $79.59MM |
| Stockholders Equity | $441.41MM | $522.14MM | $584.53MM |
| Assets | $4,872.62MM | $5,353.22MM | $6,052.16MM |
| Operating Cash Flow | $119.86MM | $66.61MM | $101.12MM |
| Capital expenditure | $3.02MM | $6.69MM | $8.53MM |
| Investing Cash Flow | $-555.00MM | $-395.93MM | $-425.44MM |
| Financing Cash Flow | $-443.25MM | $363.08MM | $586.79MM |
| Earnings Per Share** | $3.85 | $5.13 | $4.93 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.