0.27%
9.58%
13.74%
0.81%
21.60%
26.72%
48.76%
AI Spotlight on MBWM
Company Description
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States.It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit.The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans.
In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines.As of January 18, 2022, the company operated 44 banking offices.Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Market Data
| Last Price | 48.75 |
| Change Percentage | 0.27% |
| Open | 49.34 |
| Previous Close | 48.62 |
| Market Cap ( Millions) | 787 |
| Volume | 67315 |
| Year High | 52.98 |
| Year Low | 33.46 |
| M A 50 | 47.34 |
| M A 200 | 43.24 |
Financial Ratios
| FCF Yield | 4.01% |
| Dividend Yield | 2.91% |
| ROE | 14.59% |
| Debt / Equity | 95.40% |
| Net Debt / EBIDTA | 205.24% |
| Price To Book | 1.35 |
| Price Earnings Ratio | 9.83 |
| Price To FCF | 24.95 |
| Price To sales | 2.36 |
| EV / EBITDA | 9.14 |
News
- Jan -21 - Mercantile Bank Corporation (MBWM) Q4 2024 Earnings Call Transcript
- Jan -21 - Compared to Estimates, Mercantile Bank (MBWM) Q4 Earnings: A Look at Key Metrics
- Jan -21 - Mercantile Bank (MBWM) Q4 Earnings and Revenues Beat Estimates
- Jan -21 - Mercantile Bank Corporation Announces Robust Fourth Quarter and Full-Year 2024 Results
- Jan -21 - Mercantile Bank Corporation Increases Regular Cash Dividend
- Jan -15 - Seeking Clues to Mercantile Bank (MBWM) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
- Jan -14 - Mercantile Bank (MBWM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
- Jan -09 - Mercantile Bank (MBWM) Upgraded to Buy: Here's What You Should Know
- Jan -02 - Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2024 Results Conference Call and Webcast
- Oct -15 - A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation
- Oct -15 - Mercantile Bank Corporation (MBWM) Q3 2024 Earnings Call Transcript
- Oct -15 - Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say
- Oct -15 - Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates
- Oct -15 - Mercantile Bank Corporation Announces Strong Third Quarter Results
- Oct -15 - Mercantile Bank Corporation Declares Regular Cash Dividend
- Oct -08 - 3 Bank Stocks Exhibiting Superb Earnings Growth
- Sep -30 - Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast
- Aug -29 - 15 Upcoming Dividend Increases Including A King
- Jul -17 - Mercantile Bank: Q2 2024 Earnings Spike The Price
- Jul -16 - Mercantile Bank Corporation (MBWM) Q2 2024 Earnings Call Transcript
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Banking and Related Activities
Expected Growth : 2.0 %
What the company do ?
Mercantile Bank Corporation's Banking and Related Activities segment provides traditional banking services, including deposit and loan products, to individuals and businesses.
Why we expect these perspectives ?
Mercantile Bank Corporation's 2.0% growth in Banking and Related Activities is driven by increasing demand for credit facilities, expansion of branch networks, and strategic partnerships. Additionally, investments in digital banking infrastructure and cost-cutting initiatives have improved operational efficiency, contributing to the growth.
Mercantile Bank Corporation Products
| Product Range | What is it ? |
|---|---|
| Commercial Banking | Provides financial solutions to businesses, including cash management, lending, and treasury management services. |
| Retail Banking | Offers personal banking services, including checking and savings accounts, credit cards, and personal loans. |
| Wealth Management | Provides investment and wealth management services, including brokerage, trust, and estate planning services. |
| Mortgage Banking | Offers residential and commercial mortgage lending services, including construction loans and refinancing options. |
| Treasury Management | Provides cash management and treasury services, including account management, payment processing, and fraud prevention. |
Mercantile Bank Corporation's Porter Forces
Threat Of Substitutes
Mercantile Bank Corporation operates in a highly competitive industry, and customers have various alternatives to choose from. However, the bank's strong brand reputation and customer loyalty mitigate the threat of substitutes.
Bargaining Power Of Customers
Mercantile Bank Corporation's customers have significant bargaining power due to the availability of alternative banking services. The bank must maintain competitive pricing and services to retain customers.
Bargaining Power Of Suppliers
Mercantile Bank Corporation has a diverse supplier base, reducing the bargaining power of individual suppliers. The bank's strong financial position also gives it negotiating power in supplier relationships.
Threat Of New Entrants
The banking industry has significant barriers to entry, including regulatory hurdles and high capital requirements. This limits the threat of new entrants and allows Mercantile Bank Corporation to maintain its market position.
Intensity Of Rivalry
The banking industry is highly competitive, with many established players competing for market share. Mercantile Bank Corporation must invest in marketing and product development to maintain its competitive edge.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 61.59% |
| Debt Cost | 3.95% |
| Equity Weight | 38.41% |
| Equity Cost | 8.89% |
| WACC | 5.84% |
| Leverage | 160.37% |
Mercantile Bank Corporation : Quality Control
Mercantile Bank Corporation passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| WABC | Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, … |
| UBFO | United Security Bancshares operates as the bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, … |
| OPBK | OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It offers demand, checking, savings, money market, and time deposit accounts, … |
| BPRN | The Bank of Princeton provides various banking products and services. It accepts various deposit products, including checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. … |
| BFIN | BankFinancial Corporation operates as the bank holding company for BankFinancial, National Association that provides various commercial, family, and personal banking products and services. The company accepts various deposit products, including … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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United Security Bancshares
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1-Year Total Return ->
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OpenBank
A-Score
1-Year Total Return ->
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Bank of Princeton
A-Score
1-Year Total Return ->
4
BankFinancial
A-Score
1-Year Total Return ->
5
Westamerica
A-Score
1-Year Total Return ->
6
