Trade Mercantile - MBWM CFD
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- Income Statement
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| Spread | 0.37 | ||||||||
|
Long position overnight fee
Long position overnight fee
Go to platform | -0.026151% | ||||||||
|
Short position overnight fee
Short position overnight fee
Go to platform | 0.003929% | ||||||||
| Overnight fee time | 21:00 (UTC) | ||||||||
| Min traded quantity | 1 | ||||||||
| Currency | USD | ||||||||
| Margin | 5% | ||||||||
| Stock exchange | United States of America | ||||||||
| Commission on trade | 0% |
*Information provided by Capital.com
Mercantile Bank Corp ESG Risk Ratings
‘C’ score indicates satisfactory relative ESG performance and moderate degree of transparency in reporting material ESG data publicly.
| Prev. Close* | 31.19 |
| Open* | 30.71 |
| 1-Year Change* | -4.92% |
| Day's Range* | 30.67 - 31.13 |
| 52 wk Range | 23.89-37.00 |
| Average Volume (10 days) | 42.50K |
| Average Volume (3 months) | 851.12K |
| Market Cap | 525.72M |
| P/E Ratio | 6.61 |
| Shares Outstanding | 16.02M |
| Revenue | 232.81M |
| EPS | 4.97 |
| Dividend (Yield %) | 4.14381 |
| Beta | 1.04 |
| Next Earnings Date | Oct 16, 2023 |
All data is provided by Refinitiv, except for data marked with an asterisk, which is *data provided by Capital.com
- Last Week
- Last Month
- Last Year
- Last two Years
- Max
- Daily
- Weekly
- Monthly
| Date | Close | Change | Change (%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Sep 20, 2023 | 31.19 | 0.11 | 0.35% | 31.08 | 31.70 | 31.08 |
| Sep 19, 2023 | 31.11 | -0.69 | -2.17% | 31.80 | 32.02 | 31.07 |
| Sep 18, 2023 | 31.34 | -0.87 | -2.70% | 32.21 | 32.21 | 31.25 |
| Sep 15, 2023 | 32.21 | 0.21 | 0.66% | 32.00 | 32.85 | 32.00 |
| Sep 14, 2023 | 32.71 | 0.71 | 2.22% | 32.00 | 32.84 | 32.00 |
| Sep 13, 2023 | 32.15 | -0.24 | -0.74% | 32.39 | 32.83 | 32.06 |
| Sep 12, 2023 | 32.72 | 0.33 | 1.02% | 32.39 | 33.02 | 32.39 |
| Sep 11, 2023 | 32.80 | -0.11 | -0.33% | 32.91 | 33.04 | 32.60 |
| Sep 8, 2023 | 32.91 | 0.38 | 1.17% | 32.53 | 33.07 | 32.48 |
| Sep 7, 2023 | 32.77 | 0.17 | 0.52% | 32.60 | 33.06 | 32.44 |
| Sep 6, 2023 | 33.05 | 0.07 | 0.21% | 32.98 | 33.91 | 32.96 |
| Sep 5, 2023 | 33.73 | 0.77 | 2.34% | 32.96 | 33.86 | 32.96 |
| Sep 1, 2023 | 34.20 | 1.28 | 3.89% | 32.92 | 34.38 | 32.91 |
| Aug 31, 2023 | 33.28 | 0.52 | 1.59% | 32.76 | 33.42 | 32.76 |
| Aug 30, 2023 | 33.37 | 0.11 | 0.33% | 33.26 | 33.56 | 33.08 |
| Aug 29, 2023 | 33.38 | 0.27 | 0.82% | 33.11 | 33.55 | 33.11 |
| Aug 28, 2023 | 33.30 | 0.19 | 0.57% | 33.11 | 33.53 | 33.11 |
| Aug 25, 2023 | 33.18 | 0.87 | 2.69% | 32.31 | 33.75 | 32.31 |
| Aug 24, 2023 | 33.42 | 0.81 | 2.48% | 32.61 | 33.58 | 32.61 |
| Aug 23, 2023 | 33.23 | 0.92 | 2.85% | 32.31 | 33.32 | 32.31 |
Mercantile Events
| Time (UTC) | Country | Event |
|---|---|---|
| Monday, October 16, 2023 | ||
| Time (UTC) 09:00 | Country US
| Event Q3 2023 Mercantile Bank Corp Earnings Release Q3 2023 Mercantile Bank Corp Earnings ReleaseForecast -Previous - |
| Monday, January 15, 2024 | ||
| Time (UTC) 13:30 | Country US
| Event Q4 2023 Mercantile Bank Corp Earnings Release Q4 2023 Mercantile Bank Corp Earnings ReleaseForecast -Previous - |
- Annual
- Quarterly
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Net Income Before Taxes | 75.79 | 73.716 | 54.848 | 60.46 | 51.822 |
| Net Income After Taxes | 61.063 | 59.021 | 44.138 | 49.456 | 42.024 |
| Net Income Before Extra. Items | 61.063 | 59.021 | 44.138 | 49.456 | 42.024 |
| Net Income | 61.063 | 59.021 | 44.138 | 49.456 | 42.024 |
| Income Available to Common Excl. Extra. Items | 61.063 | 59.021 | 44.138 | 49.456 | 42.024 |
| Income Available to Common Incl. Extra. Items | 61.063 | 59.021 | 44.138 | 49.456 | 42.024 |
| Diluted Net Income | 61.063 | 59.021 | 44.138 | 49.456 | 42.024 |
| Diluted Weighted Average Shares | 15.8599 | 15.9869 | 16.2693 | 16.4052 | 16.6064 |
| Diluted EPS Excluding Extraordinary Items | 3.85015 | 3.69185 | 2.71296 | 3.01466 | 2.53059 |
| Dividends per Share - Common Stock Primary Issue | 1.26 | 1.18 | 1.12 | 1.06 | 0.93 |
| Diluted Normalized EPS | 3.92706 | 3.84019 | 3.40792 | 3.01466 | 2.53059 |
| Interest Income, Bank | 181.839 | 143.494 | 148.313 | 158.337 | 141.981 |
| Total Interest Expense | 23.595 | 19.432 | 26.067 | 33.803 | 21.899 |
| Net Interest Income | 158.244 | 124.062 | 122.246 | 124.534 | 120.082 |
| Loan Loss Provision | 6.55 | -4.3 | 1.75 | 1.1 | |
| Net Interest Income after Loan Loss Provision | 151.694 | 128.362 | 122.246 | 122.784 | 118.982 |
| Non-Interest Income, Bank | 32.077 | 56.22 | 45.172 | 26.956 | 19.01 |
| Non-Interest Expense, Bank | -107.981 | -110.866 | -112.57 | -89.28 | -86.17 |
| Total Extraordinary Items |
| Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | |
|---|---|---|---|---|---|
| Net Income Before Taxes | 25.367 | 26.136 | 26.871 | 19.973 | 14.625 |
| Net Income After Taxes | 20.357 | 20.974 | 21.803 | 16.03 | 11.737 |
| Net Income Before Extra. Items | 20.357 | 20.974 | 21.803 | 16.03 | 11.737 |
| Net Income | 20.357 | 20.974 | 21.803 | 16.03 | 11.737 |
| Income Available to Common Excl. Extra. Items | 20.357 | 20.974 | 21.803 | 16.03 | 11.737 |
| Income Available to Common Incl. Extra. Items | 20.357 | 20.974 | 21.803 | 16.03 | 11.737 |
| Diluted Net Income | 20.357 | 20.974 | 21.803 | 16.03 | 11.737 |
| Diluted Weighted Average Shares | 16.0034 | 15.9961 | 15.8883 | 15.8616 | 15.8487 |
| Diluted EPS Excluding Extraordinary Items | 1.27204 | 1.31119 | 1.37227 | 1.01062 | 0.74057 |
| Dividends per Share - Common Stock Primary Issue | 0.33 | 0.33 | 0.32 | 0.32 | 0.31 |
| Diluted Normalized EPS | 1.27214 | 1.31119 | 1.42359 | 1.01082 | 0.76588 |
| Interest Income, Bank | 65.918 | 60.485 | 58.278 | 48.129 | 39.55 |
| Total Interest Expense | 18.367 | 12.101 | 7.621 | 5.753 | 5.224 |
| Net Interest Income | 47.551 | 48.384 | 50.657 | 42.376 | 34.326 |
| Loan Loss Provision | 2 | 0.6 | 3.05 | 2.9 | 0.5 |
| Net Interest Income after Loan Loss Provision | 45.551 | 47.784 | 47.607 | 39.476 | 33.826 |
| Non-Interest Income, Bank | 7.645 | 6.951 | 7.805 | 7.253 | 7.741 |
| Non-Interest Expense, Bank | -27.829 | -28.599 | -28.541 | -26.756 | -26.942 |
- Annual
- Quarterly
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Total Assets | 4872.62 | 5257.75 | 4437.34 | 3632.92 | 3363.91 |
| Property/Plant/Equipment, Total - Net | 51.476 | 57.298 | 58.959 | 57.327 | 48.321 |
| Property/Plant/Equipment, Total - Gross | 90.338 | 94.253 | 94.169 | 92.598 | 81.699 |
| Accumulated Depreciation, Total | -38.862 | -36.955 | -35.21 | -35.271 | -33.378 |
| Goodwill, Net | 49.473 | 49.473 | 49.473 | 49.473 | 49.473 |
| Intangibles, Net | 0.583 | 1.351 | 2.436 | 3.84 | 5.561 |
| Other Assets, Total | 175.72 | 129.509 | 116.73 | 103.109 | 101.105 |
| Accounts Payable | 74.711 | 24.644 | 24.309 | 22.414 | 25.232 |
| Total Liabilities | 4431.21 | 4801.19 | 3995.79 | 3216.35 | 2988.66 |
| Total Long Term Debt | 137.586 | 121.89 | 47.563 | 46.881 | 46.199 |
| Long Term Debt | 137.586 | 121.89 | 47.563 | 46.881 | 46.199 |
| Total Equity | 441.408 | 456.559 | 441.554 | 416.561 | 375.249 |
| Preferred Stock - Non Redeemable, Net | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 290.436 | 285.752 | 302.029 | 305.035 | 308.005 |
| Retained Earnings (Accumulated Deficit) | 216.313 | 174.536 | 134.039 | 107.831 | 75.483 |
| Unrealized Gain (Loss) | -65.341 | -3.729 | 5.486 | 3.695 | -8.239 |
| Total Liabilities & Shareholders’ Equity | 4872.62 | 5257.75 | 4437.34 | 3632.92 | 3363.91 |
| Total Common Shares Outstanding | 15.9949 | 15.8399 | 16.3305 | 16.4251 | 16.5343 |
| Accrued Expenses | 3.5 |
| Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | |
|---|---|---|---|---|---|
| Total Assets | 4895.87 | 4872.62 | 5016.93 | 5058.56 | 5175.9 |
| Property/Plant/Equipment, Total - Net | 51.51 | 51.476 | 52.117 | 51.402 | 56.078 |
| Property/Plant/Equipment, Total - Gross | 91.641 | 90.338 | 89.483 | 87.706 | 94.557 |
| Accumulated Depreciation, Total | -40.131 | -38.862 | -37.366 | -36.304 | -38.479 |
| Goodwill, Net | 49.473 | 49.473 | 49.473 | 49.473 | 49.473 |
| Intangibles, Net | 0.424 | 0.583 | 0.741 | 0.9 | 1.112 |
| Other Long Term Assets, Total | |||||
| Other Assets, Total | 172.363 | 175.72 | 173.62 | 155.526 | 140.267 |
| Accounts Payable | 66.17 | 74.711 | 76.291 | 50.035 | 37.2 |
| Total Liabilities | 4428.5 | 4431.21 | 4600.67 | 4629.57 | 4739.43 |
| Total Long Term Debt | 137.844 | 137.586 | 137.329 | 137.042 | 136.843 |
| Long Term Debt | 137.844 | 137.586 | 137.329 | 137.042 | 136.843 |
| Other Liabilities, Total | |||||
| Total Equity | 467.372 | 441.408 | 416.261 | 428.983 | 436.471 |
| Preferred Stock - Non Redeemable, Net | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 291.516 | 290.436 | 289.219 | 288.199 | 286.831 |
| Additional Paid-In Capital | |||||
| Retained Earnings (Accumulated Deficit) | 232.123 | 216.313 | 199.505 | 188.452 | 181.532 |
| Unrealized Gain (Loss) | -56.267 | -65.341 | -72.463 | -47.668 | -31.892 |
| Total Liabilities & Shareholders’ Equity | 4895.87 | 4872.62 | 5016.93 | 5058.56 | 5175.9 |
| Total Common Shares Outstanding | 16.0014 | 15.9949 | 15.8662 | 15.8611 | 15.8434 |
| Accrued Expenses | 3.9 | 3.5 | 4.1 | 3 | 2.6 |
- Annual
- Quarterly
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Net income/Starting Line | 61.063 | 59.021 | 44.138 | 49.456 | 42.024 |
| Cash From Operating Activities | 119.862 | 64.573 | 37.877 | 44.767 | 61.737 |
| Cash From Operating Activities | 12.945 | 13.678 | 9.425 | 9.553 | 9.766 |
| Deferred Taxes | -1.353 | 2.02 | -4.141 | 0.026 | -0.372 |
| Non-Cash Items | 2.252 | 1.877 | 2.543 | -1.408 | 0.247 |
| Cash Taxes Paid | 11.2 | 20.352 | 27.703 | 32.103 | 21.569 |
| Cash Interest Paid | 21.765 | 17.55 | 10.95 | 11.975 | 10.075 |
| Changes in Working Capital | 44.955 | -12.023 | -14.088 | -12.86 | 10.072 |
| Cash From Investing Activities | -554.999 | -495.507 | -398.806 | -92.838 | -210.48 |
| Capital Expenditures | -3.017 | -5.602 | -8.989 | -13.484 | -6.318 |
| Other Investing Cash Flow Items, Total | -551.982 | -489.905 | -389.817 | -79.354 | -204.162 |
| Cash From Financing Activities | -443.251 | 780.088 | 753.204 | 206.448 | 23.996 |
| Financing Cash Flow Items | -438.375 | 746.259 | 777.673 | 230.561 | 57.279 |
| Total Cash Dividends Paid | -19.602 | -18.524 | -17.93 | -17.108 | -27.5 |
| Issuance (Retirement) of Stock, Net | 0.081 | -21.282 | -6.539 | -7.005 | -5.783 |
| Net Change in Cash | -878.388 | 349.154 | 392.275 | 158.377 | -124.747 |
| Issuance (Retirement) of Debt, Net | 14.645 | 73.635 |
| Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | |
|---|---|---|---|---|---|
| Net income/Starting Line | 20.974 | 61.063 | 39.26 | 23.229 | 11.492 |
| Cash From Operating Activities | 18.065 | 119.862 | 82.793 | 49.997 | 27.888 |
| Cash From Operating Activities | 3.049 | 12.945 | 9.855 | 6.692 | 3.458 |
| Non-Cash Items | 1.009 | 2.252 | 1.543 | 1.274 | 0.523 |
| Cash Taxes Paid | 11.2 | 6 | 5.2 | ||
| Cash Interest Paid | 11.838 | 21.765 | 15.372 | 8.78 | 4.24 |
| Changes in Working Capital | -6.967 | 44.955 | 32.135 | 18.802 | 12.415 |
| Cash From Investing Activities | -57.136 | -554.999 | -502.996 | -336.399 | -151.13 |
| Capital Expenditures | -2.508 | -3.017 | -2.166 | -0.399 | -0.332 |
| Other Investing Cash Flow Items, Total | -54.628 | -551.982 | -500.83 | -336 | -150.798 |
| Cash From Financing Activities | 0.237 | -443.251 | -270.943 | -209.653 | -81.714 |
| Financing Cash Flow Items | 5.391 | -438.375 | -271.05 | -214.726 | -91.649 |
| Total Cash Dividends Paid | -5.164 | -19.602 | -14.607 | -9.629 | -4.812 |
| Issuance (Retirement) of Stock, Net | 0.01 | 0.081 | 0.069 | 0.057 | 0.046 |
| Net Change in Cash | -38.834 | -878.388 | -691.146 | -496.055 | -204.956 |
| Deferred Taxes | -1.353 | ||||
| Issuance (Retirement) of Debt, Net | 0 | 14.645 | 14.645 | 14.645 | 14.701 |
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Mercantile Company profile
About Mercantile Bank Corp.
Mercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan and other subsidiaries. The Company's bank is a state banking company. Its bank provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Company's bank enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. The Company's bank also provides courier service to certain commercial customers, and safe deposit facilities are available at its office locations. The Mercantile Insurance Center, Inc., is its insurance company, which provides insurance products, such as private passenger automobile, homeowners, personal inland marine, and such products. The Mercantile Bank Real Estate Co., L.L.C. is its real estate company.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Mercantile Bank Corp. interest income decreased 3% to $143.5M. Net interest income after loan loss provision increased 5% to $128.4M. Net income increased 34% to $59M. Net interest income after loan loss provision reflects Securities, tax-exempt increase of 4% to $2.4M, Other interest-earning assets increase of 7% to $933K.
Equity composition
Common Stock no Par, 03/11, 20M auth., 8,597,993 issd., Insiders & Stakeholder owns 17.26%. IPO: 10/29/97, 1,300,000 shs. @ $10.00 by Roney & Co. PO: 8/13/98, 977,500 shs. @ $15.75 by Roney & Co. 04/07, 04/06, 7/05, 4/04, 1/03, 1/02,1/01, 5% stock dividends.
| Industry: | Corporate Banks |
310 Leonard St NW
GRAND RAPIDS
MICHIGAN 49504
US
Income Statement
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