Mercantile Bank Corp
General ticker "MBWM" information:
- Sector: Financials
- Industry: Banks
- Capitalization: $796.5M
Mercantile Bank Corp follows the US Stock Market performance with the rate: 58.2%.
Estimated limits based on current volatility of 2.6%: low 44.64$, high 47.06$
Factors to consider:
- Company pays dividends: last record date 2024-12-06, amount 0.36$ (Y3.17%)
- Price in estimated range
- Earnings for 9 months up through Q3 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 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [31.80$, 46.65$]
- 2024-12-30 to 2025-12-30 estimated range: [39.54$, 55.58$]
Financial Metrics affecting the MBWM estimates:
- Positive: Non-GAAP EPS, $ of 5.13 > 2.29
- Positive: Operating profit margin, % of 47.11 > 19.51
- Negative: Investing cash flow per share, $ of -24.72 <= -3.48
- Positive: -0.25 < Return on assets ratio (scaled to [-100,100]) of 1.51
Short-term MBWM quotes
Long-term MBWM plot with estimates
Financial data
YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|
Operating Revenue | $179.22MM | $190.32MM | $217.99MM |
Operating Expenses | $105.51MM | $90.94MM | $115.29MM |
Operating Income | $73.72MM | $99.39MM | $102.70MM |
Non-Operating Income | $0.00MM | $-23.59MM | $0.00MM |
Interest Expense | $19.43MM | $23.59MM | $77.81MM |
Income(Loss) | $73.72MM | $75.79MM | $102.70MM |
Taxes | $14.70MM | $14.73MM | $20.48MM |
Profit(Loss) | $59.02MM | $61.06MM | $82.22MM |
Stockholders Equity | $456.56MM | $441.41MM | $522.14MM |
Assets | $5,257.75MM | $4,872.62MM | $5,353.22MM |
Operating Cash Flow | $64.57MM | $119.86MM | $66.61MM |
Capital expenditure | $5.60MM | $3.02MM | $6.69MM |
Investing Cash Flow | $-495.51MM | $-555.00MM | $-395.93MM |
Financing Cash Flow | $780.09MM | $-443.25MM | $363.08MM |
Earnings Per Share* | $3.69 | $3.85 | $5.13 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.