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Overview
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Mercantile Bank stock

MBWM
US5873761044
675407

Price

0
Today +/-
-0
Today %
-0 %

Mercantile Bank stock price

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Weekly
Details

Price

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Overview

The Quote Chart provides detailed and dynamic insights into the Mercantile Bank stock's performance, showcasing daily, weekly, or monthly aggregated quotes. Users can switch between different time frames to analyze the stock's progression meticulously and make informed investment decisions.

Intraday Feature

The intraday feature provides real-time data, allowing investors to view the Mercantile Bank stock’s price fluctuations within the trading day, facilitating timely and strategic investment decisions.

Total Return and Relative Price Change

View the total return of the Mercantile Bank stock to gauge its profitability over time. The relative price change, based on the first quote available in the selected timeframe, offers insights into the stock’s performance, assisting in evaluating its investment potential.

Interpretation and Investment

Utilize the comprehensive data presented in the Quote Chart to analyze Mercantile Bank's market trends, price movements, and potential returns. Make informed investment choices by comparing different time frames and evaluating intraday data for optimized portfolio management.

Mercantile Bank Stock Price History

DateMercantile Bank Price
4/25/20250 undefined
4/25/202541.50 undefined
4/24/202541.93 undefined
4/23/202541.55 undefined
4/22/202541.82 undefined
4/21/202540.28 undefined
4/17/202540.70 undefined
4/16/202540.33 undefined
4/15/202539.81 undefined
4/14/202538.58 undefined
4/11/202538.55 undefined
4/10/202538.85 undefined
4/9/202541.14 undefined
4/8/202539.50 undefined
4/7/202539.77 undefined
4/4/202539.45 undefined
4/3/202540.03 undefined
4/2/202542.98 undefined
4/1/202543.50 undefined
3/31/202543.46 undefined
3/28/202544.03 undefined
3/27/202544.85 undefined
3/26/202544.82 undefined

Mercantile Bank Revenue, EBIT, Net Income

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Revenue
Net Income
Details

Revenue, EBIT and Profit

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Understanding Revenue, EBIT, and Income

Gain insights into Mercantile Bank, a comprehensive overview of its financial performance can be obtained by analyzing the Revenue, EBIT, and Income chart. Revenue represents the total income generated by Mercantile Bank from its primary operations, showcasing the company’s ability to attract and retain clients. EBIT, or Earnings Before Interest and Taxes, indicates the company’s operational profitability, free from the influence of tax and interest expenses. The Income section reflects Mercantile Bank’s net earnings, an ultimate measure of its financial health and profitability.

Yearly Analysis and Comparisons

Observe the yearly bars to understand the annual performance and growth of Mercantile Bank. Compare the Revenue, EBIT, and Income to evaluate the company’s efficiency and profitability. A higher EBIT compared to the previous year suggests an improvement in operational efficiency. Likewise, an increase in Income indicates enhanced overall profitability. Analyzing the year-to-year comparison assists investors in understanding the company’s growth trajectory and operational efficiency.

Utilizing Expectations for Investment

The expected values for the forthcoming years offer investors a glimpse into Mercantile Bank’s anticipated financial performance. Analyzing these projections alongside historical data aids in making informed investment decisions. Investors can gauge the potential risks and returns, aligning their investment strategies accordingly to optimize profitability and mitigate risks.

Investment Insights

Leveraging the comparison between Revenue and EBIT helps in assessing Mercantile Bank’s operational efficiency, while the Revenue and Income comparison reveals the net profitability after accounting for all expenses. Investors can derive valuable insights by meticulously analyzing these financial parameters, laying the foundation for strategic investment decisions aimed at capitalizing on Mercantile Bank’s growth potential.

Mercantile Bank Revenue, EBIT and net profit per share

DateMercantile Bank RevenueMercantile Bank Net Income
2026e252.99 M undefined81.96 M undefined
2025e243.95 M undefined80.02 M undefined
2024361.89 M undefined79.59 M undefined
2023303.5 M undefined82.22 M undefined
2022213.9 M undefined61.1 M undefined
2021199.7 M undefined59 M undefined
2020193.5 M undefined44.1 M undefined
2019185.3 M undefined49.5 M undefined
2018161 M undefined42 M undefined
2017144.5 M undefined31.3 M undefined
2016139.5 M undefined31.9 M undefined
2015128.3 M undefined27 M undefined
201499.1 M undefined17.3 M undefined
201365.1 M undefined17 M undefined
201267.9 M undefined11.5 M undefined
201178.4 M undefined36.1 M undefined
201097.3 M undefined-14.6 M undefined
2009112.5 M undefined-52.9 M undefined
2008128.4 M undefined-5 M undefined
2007150.1 M undefined9 M undefined
2006142.6 M undefined19.8 M undefined
2005107.8 M undefined17.9 M undefined

Mercantile Bank Income Statement, Balance Sheet, Cash Flow Statement

  • Simple

  • Expanded

  • Income Statement

  • Balance Sheet

  • Cashflow

 
REVENUE (M)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M)
EBIT (M)
EBIT MARGIN (%)
NET INCOME (M)
NET INCOME GROWTH (%)
DIV. ()
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
1998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025e2026e
102338465059731071421501281129778676599128139144161185193199213303361243252
-130.0065.2221.058.7018.0023.7346.5832.715.63-14.67-12.50-13.39-19.59-14.10-2.9952.3129.298.593.6011.8114.914.323.117.0442.2519.14-32.693.70
-----------------------------
00000000000000000000000000000
000000000000000000000000000107110
-----------------------------
-12247101317199-5-52-1436111717273131424944596182798081
--300.00-100.0075.0042.8630.0030.7711.76-52.63-155.56940.00-73.08-357.14-69.4454.55-58.8214.81-35.4816.67-10.2034.093.3934.43-3.661.271.25
-----------------------------
-----------------------------
2.73.53.556.77.28.58.58.58.58.58.58.58.98.88.713.516.616.316.516.616.416.31615.916.0216.1300
-----------------------------
Details

Keystats

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Revenue and Growth

The Mercantile Bank Revenue and Revenue Growth are pivotal to understanding the company's financial health and operational efficiency. A consistent increase in revenue indicates a company’s ability to effectively market and sell its products or services, while the revenue growth percentage offers insights into the pace at which the company is expanding over the years.

Gross Margin

The Gross Margin is a crucial metric that showcases the percentage of revenue exceeding the cost of goods sold (COGS). A higher gross margin is indicative of a company’s efficiency in controlling its production costs, thereby promising potential profitability and financial stability.

EBIT and EBIT Margin

EBIT (Earnings Before Interest and Taxes) and EBIT Margin offer deep insights into a company’s profitability, excluding the impacts of interest and taxes. Investors often assess these metrics to gauge the operational efficiency and inherent profitability of a business, separate from its financial structure and tax environment.

Income and Growth

Net Income and its subsequent growth are quintessential for investors looking to understand a company’s profitability. Consistent income growth underscores a company’s ability to enhance its profitability over time, reflecting operational efficiency, strategic competitiveness, and financial health.

Shares Outstanding

Shares outstanding refer to the total number of shares a company has issued. It's instrumental in calculating key metrics like Earnings Per Share (EPS) which is pivotal for investors to evaluate a company’s profitability on a per-share basis, offering a more granular view of financial health and valuation.

Interpreting Year to Year Comparison

Comparing yearly data allows investors to identify trends, assess the company’s growth, and anticipate potential future performance. Analyzing how metrics like revenue, income, and margins change year over year can provide valuable insights into the company’s operational efficiency, competitiveness, and overall financial health.

Expectations and Predictions

Investors often juxtapose the current and past financial data with the market’s expectations. This comparison aids in assessing whether the Mercantile Bank is performing as anticipated, underperforming or outperforming the market predictions, providing pivotal data for investment decisions.

 
ASSETS
CASH BALANCE (M)
RECEIVABLES (M)
OTHER REC. (M)
INVENTORIES (M)
OTHER CURRENT LIAB. (M)
CURRENT ASSETS (M)
TANGIBLE ASSETS (M)
LONG-T. INVEST. (M)
LONG-T. REC. (M)
INTANGIBLE ASSETS (M)
GOODWILL (M)
OTHER NON-CURRENT ASSETS (M)
NON-CURRENT ASSETS (M)
TOTAL ASSETS (M)
LIABILITIES
COMMON STOCK (M)
ADDITIONAL PAID-IN CAPITAL (M)
RETAINED EARNINGS (M)
OTHER EQUITY (M)
UNREAL. GAINS/LOSSES (M)
EQUITY (M)
LIABILITIES (M)
PROVISIONS (M)
OTHER SHORT-TERM LIAB. (M)
SHORT-TERM DEBTS (M)
LONG-TERM DEBT PORTION (M)
SHORT-TERM REC. (M)
LONG-T. LIAB. (M)
DEFERRED TAXES (M)
OTHER LIAB. (M)
LONG-T. LIABILITIES (M)
DEBT (M)
TOTAL CAPITAL (M)
1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
                                                       
0000000000000000000000000000
0000000000000000000000000000
0000000000000000000000000000
0000000000000000000000000000
0000000000000000000000000000
0000000000000000000000000000
11.93.54.19.612.215.324.630.233.534.432.329.727.926.825.924.948.846.945.54648.357.35957.351.550.9353.43
0000000000000000000000000000
0000000000000000000000000000
0000000000000000015.612.6107.65.63.82.41.40.600
0000000000000000049.549.549.549.549.549.549.549.549.549.4749.47
00000000000000262217.800000000000
11.93.54.19.612.215.324.630.233.534.432.329.727.952.847.942.7113.9109105103.1103.4110.6110.9108.2101.6100.4102.9
11.93.54.19.612.215.324.630.233.534.432.329.727.952.847.942.7113.9109105103.1103.4110.6110.9108.2101.6100.4102.9
                                                       
13.928.228.229.969.475.5118.6131148.5161.2172.9172.4192.2192.8193.1166.1163317.9304.8305.5309.8308305302285.8290.4295.11299.71
0000000000001.11.11.10000000000000
-0.4-1.50.61.61.63.311.410.5811.84.9-1.3-54.2-68.8-32.6-21.1-4.110.227.740.96175.5107.8134174.5216.3277.53334.65
0000000000000000000000000000
00-0.80.30.41.10.20.1-1.4-1.10.33.30.90.83.31.7-5.601.3-5.6-4.9-8.23.75.5-3.7-65.3-50.49-49.83
13.526.72831.871.479.9130.2141.6155.1171.9178.1174.4140125.9164.9146.7153.3328.1333.8340.8365.9375.3416.5441.5456.6441.4522.15584.53
0.30.52.66.95.467.19.416.621.923.817.17.25.94.28.45.812.316.415.214.225.222.424.324.674.790.2116.62
00000000000000000000000003.53.74.4
0000000000000000000000000000
0.71726.632.236.550.355.571.381.895.3111.394.4102.411772.664.869.3167.6154.8131.7118.7103.5102.7118.4197.5194.3229.73121.52
0000000000000000000000000000
117.529.239.141.956.362.680.798.4117.2135.1111.5109.6122.976.873.275.1179.9171.2146.9132.9128.7125.1142.7222.1272.5323.64242.54
001616.116.217.117.634.635.336.33752.549.944.834.43334.654.555.244.845.546.246.947.6121.9137.6138.62139.64
0000000000000000000000000000
0000000000000000000000000000
001616.116.217.117.634.635.336.33752.549.944.834.43334.654.555.244.845.546.246.947.6121.9137.6138.62139.64
117.545.255.258.173.480.2115.3133.7153.5172.1164159.5167.7111.2106.2109.7234.4226.4191.7178.4174.9172190.3344410.1462.25382.19
14.544.273.287129.5153.3210.4256.9288.8325.4350.2338.4299.5293.6276.1252.9263562.5560.2532.5544.3550.2588.5631.8800.6851.5984.4966.71
Details

Balance Sheet

ⓘ

Understanding the Balance Sheet

The balance sheet of Mercantile Bank provides a detailed financial snapshot, revealing the company's assets, liabilities, and equity at a specific point in time. Analyzing these components is crucial for investors looking to understand Mercantile Bank's financial health and stability.

Assets

Mercantile Bank's assets represent everything the company owns or controls that has monetary value. These are categorized into current and non-current assets, offering insights into the company's liquidity and long-term investments.

Liabilities

Liabilities are obligations that Mercantile Bank must settle in the future. Analyzing the ratio of liabilities to assets provides insights into the company's financial leverage and risk exposure.

Equity

Equity refers to the residual interest in the assets of Mercantile Bank after deducting liabilities. It represents the owners’ claim on the company’s assets and earnings.

Year-to-Year Analysis

Comparing balance sheet figures year-to-year allows investors to identify trends, growth patterns, and potential financial risks, facilitating informed investment decisions.

Interpreting the Data

Detailed analysis of assets, liabilities, and equity can provide investors with comprehensive insights into Mercantile Bank's financial standing, aiding in investment evaluations and risk assessments.

 
NET INCOME (M)
DEPRECIATION (M)
DEFERRED TAXES (M)
CHANGES IN WORKING CAPITAL (M)
NON-CASH ITEM (M)
PAID INTEREST (M)
PAID TAXES (M)
NET CASH FLOW FROM OPERATING ACTIVITIES (M)
CAPITAL EXPENDITURES (M)
CASH FLOW FROM INVESTING ACTIVITIES (M)
CASH FLOW FROM OTHER INVESTING ACTIVITIES (M)
INTEREST INCOME AND EXPENSES (M)
NET DEBT CHANGE (M)
NET CHANGE IN EQUITY (M)
CASH FLOW FROM FINANCING ACTIVITIES (M)
CASH FLOW FROM OTHER FINANCING ACTIVITIES (M)
TOTAL DIVIDENDS PAID (M)
NET CHANGE IN CASH FLOW (M)
FREE CASH FLOW (M)
SHARE-BASED COMPENSATION (M)
null19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
0-12247101317199-5-52-1337121717273131424944596182
00000111223222222711910999131211
00000000-10-2-1100-2758440000-42-1-2
01040123761019334211-12-11-1-1-110-12-14-1245-28
00000000-100-1-1-1-1-10-2-4-20214556
000000000000000131111111514101211172124
001124568105000000081215213227201172
0038410131826271913-829221728143634386144376411966
0-1-1-1-6-3-4-10-7-5-3000000-2-1-2-5-6-13-9-5-3-6
-16-194-144-140-185-216-295-330-288-216-82-11124227122766-1264-96-96-191-210-92-398-495-555-395
-15-193-142-139-179-212-291-320-281-210-79-11124227122867-1266-95-94-186-204-79-389-489-552-389
000000000000000000000000000
0000006260100-20000000000073140
131416035042000002000-2000-14-100-5-7-6-2100
241931481361822142703162782034194-237-258-238-24-5-53-2215516924206753780-443363
101781321361472132232932802064596-255-258-236-2-1-29118518157230777746-438384
000000-1-2-3-4-4-2-10-1-1-3-24-9-18-12-27-17-17-18-19-21
707418-1141514-21-3-44212591125-829316-124158392349-87833
0-0.71.26.9-1.66.59.37.818.421.915.912.9-8.829.521.916.428.412.234.932.633.355.431.328.959116.959.93
000000000000000000000000000

Mercantile Bank stock margins

The Mercantile Bank margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Mercantile Bank. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Mercantile Bank.

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Profit margin
Details

Margin

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Understanding Gross Margin

The gross margin, expressed as a percentage, delineates the gross profit made from the Mercantile Bank's sales revenue. A higher gross margin percentage indicates that the Mercantile Bank retains more revenue after accounting for the costs of goods sold. Investors use this metric to gauge financial health and operational efficiency, as well as to compare it with competitors and industry averages.

EBIT Margin Analysis

EBIT margin represents the Mercantile Bank's earnings before interest and taxes. Analyzing the EBIT margin over different years provides insights into the operational profitability and efficiency, excluding the effects of financial leverage and tax structure. A growing EBIT margin over the years signifies improving operational performance.

Revenue Margin Insights

The revenue margin demonstrates the Mercantile Bank's total revenue generated. When comparing the revenue margin year over year, investors can gauge the Mercantile Bank's growth and market expansion. It is essential to compare the revenue margin with the gross and EBIT margins to understand the cost and profit structures better.

Interpreting Expectations

The expected values for gross, EBIT, and revenue margins provide future financial outlook of the Mercantile Bank. Investors should compare these expectations with historical data to understand potential growth and risk factors. It is crucial to consider the underlying assumptions and methodologies used in projecting these expected values to make informed investment decisions.

Comparative Analysis

Comparing the gross, EBIT, and revenue margins, both yearly and over multiple years, enables investors to perform a comprehensive analysis of the Mercantile Bank's financial health and growth prospects. Evaluating the trends and patterns in these margins helps in identifying strengths, weaknesses, and potential investment opportunities.

Mercantile Bank Margin History

DateMercantile Bank Profit margin
2026e32.39 %
2025e32.8 %
202421.99 %
202327.09 %
202228.56 %
202129.54 %
202022.79 %
201926.71 %
201826.09 %
201721.66 %
201622.87 %
201521.04 %
201417.46 %
201326.11 %
201216.94 %
201146.05 %
2010-15.01 %
2009-47.02 %
2008-3.89 %
20076 %
200613.88 %
200516.6 %

Mercantile Bank Stock Sales Revenue, EBIT, Earnings per Share

The Mercantile Bank earnings per share therefore indicates how much revenue Mercantile Bank has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Sales per Share
Earnings per Share
Details

Revenue, EBIT and Earnings per share

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Revenue Per Share

Revenue per share represents the total revenue Mercantile Bank earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Mercantile Bank's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Mercantile Bank’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Mercantile Bank's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

Mercantile Bank Revenue, EBIT and net profit per share

DateMercantile Bank Sales per ShareMercantile Bank Earnings per Share
2026e15.58 undefined5.05 undefined
2025e15.02 undefined4.93 undefined
202422.43 undefined4.93 undefined
202318.95 undefined5.13 undefined
202213.45 undefined3.84 undefined
202112.48 undefined3.69 undefined
202011.87 undefined2.71 undefined
201911.3 undefined3.02 undefined
20189.7 undefined2.53 undefined
20178.76 undefined1.9 undefined
20168.56 undefined1.96 undefined
20157.73 undefined1.63 undefined
20147.34 undefined1.28 undefined
20137.48 undefined1.95 undefined
20127.72 undefined1.31 undefined
20118.81 undefined4.06 undefined
201011.45 undefined-1.72 undefined
200913.24 undefined-6.22 undefined
200815.11 undefined-0.59 undefined
200717.66 undefined1.06 undefined
200616.78 undefined2.33 undefined
200512.68 undefined2.11 undefined

Mercantile Bank business model

Mercantile Bank Corp is a US bank based in Grand Rapids, Michigan. The bank traces its roots back to Mercantile Bank of Michigan and was established as a holding company in 1997. It is listed on the Nasdaq stock exchange and currently has a market value of around $750 million. The history of Mercantile Bank Corp can be traced back to 1992 when Mercantile Bank of Michigan was founded. The bank was a small but rapidly growing bank specializing in serving middle-market business customers and individual customers. In 1997, Mercantile Bank Corp was established as a holding company to support the company's growth. The business model of Mercantile Bank Corp focuses on providing financial services to middle-market businesses and individual customers. The bank currently operates 49 branches in Michigan, Indiana, and Florida and offers a wide range of banking services including loans, deposits, cash management, and online banking. The various divisions in which Mercantile Bank Corp operates include retail banking, commercial banking, and wealth management. Retail banking provides banking services to individual customers including deposits, loans, and online banking. Commercial banking offers financial services to businesses including loans, deposits, and cash management. Wealth management provides a wide range of investment and asset management services to its clients. Products and services offered by Mercantile Bank Corp include checking accounts, savings accounts, loans, credit cards, mortgages, mutual funds, investment advice, asset management, cash management, and online banking. The bank also offers specialized financial services such as SBA loans (i.e., loans from the US Small Business Administration), hospital financing, and leasing. Mercantile Bank Corp has delivered strong financial performance in recent years. In 2019, the bank reported a net income of $60.3 million, representing a 16.6% increase compared to the previous year. The bank's growth has been supported by strong credit portfolio performance and a solid balance sheet. Overall, Mercantile Bank Corp offers a wide range of banking services to both business and individual customers. The bank is well-positioned to continue growing and expanding its presence in the markets it serves. The future of Mercantile Bank Corp looks very promising, and it will continue to play an important role in the financial services industry. Mercantile Bank is one of the most popular companies on Eulerpool.com.

Mercantile Bank SWOT Analysis

Strengths

Mercantile Bank Corp has a strong presence in the local market, with a wide range of banking products and services. The bank has a solid customer base and a reputation for providing excellent customer service. Additionally, the bank has a robust capital base, which allows for investment in new technologies and expansion opportunities.

Weaknesses

One of the weaknesses of Mercantile Bank Corp is its limited geographical reach. The bank operates primarily in specific regions, which can limit its growth potential compared to larger national or international banks. Moreover, the bank may face challenges in keeping up with technological advancements, which could impact its competitiveness in the digital banking era.

Opportunities

Mercantile Bank Corp has several potential opportunities to explore. Firstly, it can consider expanding its operations into new geographic areas, enabling it to tap into untapped markets and reach a wider customer base. Secondly, the bank can leverage digital banking technologies to enhance convenience, attract tech-savvy customers, and streamline operations. Lastly, there may be opportunities for strategic partnerships or acquisitions to strengthen its market position and diversify its offerings.

Threats

Like any other bank, Mercantile Bank Corp faces certain threats. Increasing competition from other banks and non-traditional financial institutions poses a challenge to its market share. The evolving regulatory landscape can also introduce compliance challenges and additional costs. Economic downturns or financial crises could impact the bank's profitability and asset quality. Finally, technological advancements may lead to the emergence of disruptive fintech companies, posing a threat to traditional banking models.

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Mercantile Bank Eulerpool Fair Value

Details

Fair Value

ⓘ

Understanding Fair Value

The fair value of a stock provides insights into whether the stock is currently undervalued or overvalued. It is calculated based on profit, revenue, or dividends and offers a comprehensive perspective of the stock’s intrinsic value.

Income-Based Fair Value

This is calculated by multiplying the earnings per share by the average P/E ratio of the selected past years for smoothing. If the fair value is higher than the current market price, it suggests that the stock is undervalued.

Example 2022

Fair Value Profit 2022 = Earnings per Share 2022 / Average P/E Ratio 2019 - 2021 (3 Years Smoothing)

Revenue-Based Fair Value

It is derived by multiplying the revenue per share by the average price-to-sales ratio of the selected past years for smoothing. An undervalued stock is identified if the fair value exceeds the ongoing market price.

Example 2022

Fair Value Revenue 2022 = Revenue per Share 2022 / Average PSR 2019 - 2021 (3 Years Smoothing)

Dividend-Based Fair Value

This value is determined by dividing the dividend per share by the average dividend yield of the selected past years for smoothing. A higher fair value than the market price indicates an undervalued stock.

Example 2022

Fair Value Dividend 2022 = Dividend per Share 2022 * Average Dividend Yield 2019 - 2021 (3 Years Smoothing)

Expectations and Forecasts

Future expectations provide potential trajectories for stock prices and aid investors in decision-making. The expected values are forecasted figures of fair value, taking into account the growth or decline trends of profit, revenue, or dividend.

Comparative Analysis

Comparing the fair value based on profit, revenue, and dividend provides a holistic overview of the stock’s financial health. Observing the annual and per-annual variations contributes to understanding the consistency and reliability of stock performance.

Mercantile Bank historical P/E ratio, EBIT multiple, and P/S ratio

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Mercantile Bank shares outstanding

The number of shares was Mercantile Bank in 2024 — This indicates how many shares 16.131 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details

Revenue, EBIT and Earnings per share

ⓘ

Revenue Per Share

Revenue per share represents the total revenue Mercantile Bank earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Mercantile Bank's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Mercantile Bank’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Mercantile Bank's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

Mercantile Bank stock splits

In Mercantile Bank's history, there have been no stock splits.

Mercantile Bank dividend history and estimates

In 2024, Mercantile Bank paid a dividend amounting to 1.78 USD. Dividend means that Mercantile Bank distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Details

Dividend

ⓘ

Dividend Overview

The dividend per year chart for Mercantile Bank provides a comprehensive view of the annual dividends distributed to shareholders. Analyze the trend to understand the consistency and growth in dividend payouts over the years.

Interpretation and Use

A consistent or increasing trend in dividends can indicate the company's profitability and financial health. Investors can use this data to identify Mercantile Bank’s potential for long-term investment and income generation through dividends.

Investment Strategy

Incorporate the dividend data in evaluating Mercantile Bank's overall performance. A thorough analysis, considering other financial aspects, will help in making informed investment decisions for optimal capital growth and income generation.

Mercantile Bank Dividend History

DateMercantile Bank Dividend
2026e1.94 undefined
2025e1.94 undefined
20241.78 undefined
20231.67 undefined
20221.26 undefined
20211.18 undefined
20201.12 undefined
20191.06 undefined
20180.93 undefined
20170.74 undefined
20160.99 undefined
20150.73 undefined
20142.48 undefined
20130.45 undefined
20120.09 undefined
20100.01 undefined
20090.07 undefined
20080.31 undefined
20070.55 undefined
20060.48 undefined
20050.38 undefined

Mercantile Bank dividend payout ratio

In 2024, Mercantile Bank had a payout ratio of 33.35%. The payout ratio indicates the percentage of the company's profits that Mercantile Bank distributes as dividends.

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Payout ratio
Details

Payout ratio

ⓘ

What is Yearly Payout Ratio?

The yearly payout ratio for Mercantile Bank represents the proportion of earnings paid out as dividends to shareholders. It is an indicator of the company's financial health and stability, illustrating how much profit is being returned to investors versus being reinvested back into the company.

How to Interpret the Data

A lower payout ratio for Mercantile Bank could mean that the company is reinvesting more into its growth, whereas a higher ratio indicates more earnings are being distributed as dividends. Investors seeking regular income might prefer companies with a higher payout ratio, while those looking for growth may opt for companies with a lower ratio.

Using the Data for Investments

Evaluate Mercantile Bank's payout ratio in conjunction with other financial metrics and performance indicators. A sustainable payout ratio, coupled with strong financial health, can indicate a reliable dividend payout. However, a very high ratio might suggest the company is not sufficiently reinvesting in its future growth.

Mercantile Bank Payout Ratio History

DateMercantile Bank Payout ratio
2026e34.17 %
2025e33.81 %
202433.35 %
202335.34 %
202232.73 %
202131.98 %
202041.33 %
201935.22 %
201836.76 %
201739.15 %
201650.51 %
201545.06 %
2014193.75 %
201323.08 %
20126.92 %
201135.34 %
2010-0.58 %
2009-1.12 %
2008-52.54 %
200751.57 %
200620.61 %
200517.91 %
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Unfortunately, there are currently no price targets and forecasts available for Mercantile Bank.

Mercantile Bank latest earnings and earnings surprises

DateEPS EstimateEPS ActualQuarterly report
3/31/20251.21 1.21  (-0.07 %)2025 Q1
12/31/20241.17 1.22  (4.35 %)2024 Q4
9/30/20241.2 1.22  (2.02 %)2024 Q3
6/30/20241.18 1.17  (-0.69 %)2024 Q2
3/31/20241.17 1.34  (14.88 %)2024 Q1
12/31/20231.26 1.25  (-0.93 %)2023 Q4
9/30/20231.17 1.3  (11.06 %)2023 Q3
6/30/20231.13 1.27  (12.78 %)2023 Q2
3/31/20231.18 1.31  (10.85 %)2023 Q1
12/31/20221.22 1.37  (11.96 %)2022 Q4
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Eulerpool ESG Scorecard© for the Mercantile Bank stock

Eulerpool World ESG Rating (EESG©)

63/ 100

🌱 Environment

61

👫 Social

72

🏛️ Governance

58

Environment

Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency

Social

Percentage of female employees67.1
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic

Governance (Corporate Governance)

Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Mercantile Bank shareholders

%
Name
Stocks
Change
Date
8.08651 % BlackRock Institutional Trust Company, N.A.1,313,249-1,86312/31/2024
6.81626 % Dimensional Fund Advisors, L.P.1,106,960-30,39412/31/2024
5.32972 % The Vanguard Group, Inc.865,547-1,97812/31/2024
3.14540 % Renaissance Technologies LLC510,813-32,77312/31/2024
2.88743 % State Street Global Advisors (US)468,91830,39412/31/2024
2.40116 % American Century Investment Management, Inc.389,94829,60412/31/2024
2.32086 % Geode Capital Management, L.L.C.376,907-7212/31/2024
2.23374 % North Star Asset Management Inc.362,759-1,0479/30/2024
1.77024 % Tributary Capital Management, LLC287,48740,05512/31/2024
1.76546 % LSV Asset Management286,71010,08112/31/2024
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Mercantile Bank Executives and Management Board

Mr. Robert Kaminski

(62)
Mercantile Bank Director (since 1997)
Compensation 1.48 M

Mr. Raymond Reitsma

(61)
Mercantile Bank President, Chief Executive Officer, Director (since 2017)
Compensation 1.14 M

Mr. Charles Christmas

(58)
Mercantile Bank Chief Financial Officer, Executive Vice President and Treasurer of Mercantile; Executive Vice President and Chief Financial Officer of the Bank
Compensation 813,080

Mr. Brett Hoover

(53)
Mercantile Bank Senior Vice President, Human Resources Director
Compensation 434,713

Mr. Michael Price

(67)
Mercantile Bank Independent Chairman of the Board of the Mercantile and Bank (since 1997)
Compensation 90,296
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Most common questions regarding Mercantile Bank

What values and corporate philosophy does Mercantile Bank represent?

Mercantile Bank Corp represents values of integrity, excellence, and customer service. With a strong corporate philosophy focused on building lasting relationships, Mercantile Bank Corp strives to provide exceptional financial solutions to its customers. Committed to operating with honesty and transparency, the company values the trust and confidence placed in them by their clients. Mercantile Bank Corp's dedication to delivering superior banking services and personalized support sets them apart in the industry. By upholding these values and corporate principles, Mercantile Bank Corp endeavors to be a trusted partner for individuals and businesses seeking reliable banking solutions.

In which countries and regions is Mercantile Bank primarily present?

Mercantile Bank Corp primarily operates in the United States, specifically in the state of Michigan. The bank serves individuals, businesses, and communities within Michigan through its various branches and online banking services. While focusing its operations in the Michigan region, Mercantile Bank Corp aims to provide reliable financial solutions tailored to the local communities it serves.

What significant milestones has the company Mercantile Bank achieved?

Mercantile Bank Corp has achieved significant milestones since its establishment. The company has experienced consistent growth and expansion, strengthening its position as a leading financial institution. Some noteworthy achievements include the successful acquisition of various banks and financial institutions, further enhancing its market presence and customer base. Additionally, Mercantile Bank Corp has received recognition for its exceptional financial performance and customer service, earning prestigious awards and accolades within the industry. By consistently delivering innovative banking solutions and maintaining a strong focus on customer satisfaction, Mercantile Bank Corp has solidified its reputation as a trusted and reliable financial partner.

What is the history and background of the company Mercantile Bank?

Mercantile Bank Corp is a financial institution with a rich history and background. Established in 1997, Mercantile Bank Corp has grown to become a leading community bank, serving individuals and businesses in Michigan. With its headquarters in Grand Rapids, the bank prides itself on offering personalized banking solutions and exceptional customer service. Over the years, Mercantile Bank Corp has built a strong reputation for its commitment to community development and involvement, supporting local businesses and initiatives. The company's dedication to providing innovative financial services has earned it a trusted position in the banking industry, catering to the diverse needs of its clients.

Who are the main competitors of Mercantile Bank in the market?

The main competitors of Mercantile Bank Corp in the market include Fifth Third Bancorp, Huntington Bancshares Inc., and Independent Bank Corporation.

In which industries is Mercantile Bank primarily active?

Mercantile Bank Corp is primarily active in the banking and financial services industry.

What is the business model of Mercantile Bank?

The business model of Mercantile Bank Corp revolves around providing financial services to individuals, businesses, and communities. As a community bank, Mercantile Bank Corp focuses on building strong relationships with customers while offering a comprehensive range of banking solutions. The company offers various personal and commercial banking products including checking accounts, savings accounts, loans, mortgages, and investment services. With a commitment to customer satisfaction and community engagement, Mercantile Bank Corp aims to support the financial needs of its clients and contribute to the growth and development of the communities it serves.

What is the P/E ratio of Mercantile Bank 2025?

The P/E ratio cannot be calculated for Mercantile Bank at the moment.

What is the P/S ratio of Mercantile Bank 2025?

The P/S cannot be calculated for Mercantile Bank currently.

What is the Quality Investing of Mercantile Bank?

The Quality Investing for Mercantile Bank is 5/10.

What is the revenue of Mercantile Bank 2025?

The expected Mercantile Bank revenue is 243.95 M USD.

How high is the profit of Mercantile Bank 2025?

The expected Mercantile Bank profit is 80.02 M USD.

What is the business model of Mercantile Bank

Mercantile Bank Corp is a regional bank based in Michigan, USA, that offers a variety of financial products and services to individuals, small businesses, and medium-sized enterprises. It operates a network of branches and ATMs in Michigan, Wisconsin, and Illinois. The bank's business model is centered around attracting deposits from individual customers and small businesses, which are then lent out to borrowers in the form of loans. The company also offers online banking services to provide customers with 24/7 access to their accounts. It is divided into four business segments: deposits, loans, wealth management, and treasury services. The bank offers various deposit products, including checking accounts, savings accounts, CDs, and IRA accounts. It also provides loans such as mortgages, auto loans, personal loans, credit lines, and commercial loans. The wealth management division offers investment products, financial planning services, and insurance. The treasury services division provides services like cash management, payment processing, online banking, and mobile deposits. In summary, Mercantile Bank Corp offers a range of financial products and services to meet the needs and goals of its customers.

What is the Mercantile Bank dividend?

Mercantile Bank pays a dividend of 1.26 USD distributed over payouts per year.

How often does Mercantile Bank pay dividends?

The dividend cannot currently be calculated for Mercantile Bank or the company does not pay out a dividend.

What is the Mercantile Bank ISIN?

The ISIN of Mercantile Bank is US5873761044.

What is the Mercantile Bank WKN?

The WKN of Mercantile Bank is 675407.

What is the Mercantile Bank ticker?

The ticker of Mercantile Bank is MBWM.

How much dividend does Mercantile Bank pay?

Over the past 12 months, Mercantile Bank paid a dividend of 1.78 USD . This corresponds to a dividend yield of about . For the coming 12 months, Mercantile Bank is expected to pay a dividend of 1.94 USD.

What is the dividend yield of Mercantile Bank?

The current dividend yield of Mercantile Bank is .

When does Mercantile Bank pay dividends?

Mercantile Bank pays a quarterly dividend. This is distributed in the months of July, October, January, April.

How secure is the dividend of Mercantile Bank?

Mercantile Bank paid dividends every year for the past 15 years.

What is the dividend of Mercantile Bank?

For the upcoming 12 months, dividends amounting to 1.94 USD are expected. This corresponds to a dividend yield of 4.68 %.

In which sector is Mercantile Bank located?

Mercantile Bank is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Mercantile Bank kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Mercantile Bank from 3/19/2025 amounting to 0.37 USD, you needed to have the stock in your portfolio before the ex-date on 3/7/2025.

When did Mercantile Bank pay the last dividend?

The last dividend was paid out on 3/19/2025.

What was the dividend of Mercantile Bank in the year 2024?

In the year 2024, Mercantile Bank distributed 1.67 USD as dividends.

In which currency does Mercantile Bank pay out the dividend?

The dividends of Mercantile Bank are distributed in USD.

All fundamentals about Mercantile Bank

Our stock analysis for Mercantile Bank Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Mercantile Bank Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.