Stock MBWM MERCANTILE BANK CORPORATION
Add to a list
To use this feature you must be a member
Log inSign up

Financials Mercantile Bank Corporation

Equities

MBWM

US5873761044

Banks

Market Closed - Nasdaq
Other stock markets
 16:00:00 2024-04-26 EDT 		5-day change 1st Jan Change
36.19 USD -0.82% Intraday chart for Mercantile Bank Corporation +0.33% -10.38%
04-22 Tamilnad Mercantile Bank Posts Flat Net Profit in Fiscal Q4 MT
04-22 Tamilnad Mercantile Bank to Open Four New Branches in India MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 595.8 441.1 548.9 531.2 647.1 583.3 -
Enterprise Value (EV) 1 595.8 441.1 548.9 531.2 647.1 583.3 583.3
P/E ratio 12.1 x 10 x 9.49 x 8.7 x 7.87 x 7.58 x 8.23 x
Yield 2.91% 4.12% 3.37% 3.76% 3.32% 3.9% 4.03%
Capitalization / Revenue 3.93 x 2.63 x 3.04 x 2.79 x 2.87 x 2.58 x 2.55 x
EV / Revenue 3.93 x 2.63 x 3.04 x 2.79 x 2.87 x 2.58 x 2.55 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.44 x 1 x 1.22 x 1.21 x 1.25 x 1.01 x 0.93 x
Nbr of stocks (in thousands) 16,336 16,234 15,671 15,866 16,025 16,117 -
Reference price 2 36.47 27.17 35.03 33.48 40.38 36.19 36.19
Announcement Date 20-01-21 21-01-19 22-01-18 23-01-17 24-01-16 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 151.5 167.4 180.3 190.3 225.7 226.3 228.6
EBITDA - - - - - - -
EBIT 1 62.21 68.9 73.44 82.34 110.4 104.2 99.87
Operating Margin 41.07% 41.15% 40.73% 43.26% 48.92% 46.03% 43.69%
Earnings before Tax (EBT) 1 60.46 54.85 73.72 75.79 102.7 96 88.66
Net income 1 49.46 44.14 59.02 61.06 82.22 76.92 70.91
Net margin 32.65% 26.36% 32.74% 32.08% 36.43% 33.99% 31.02%
EPS 2 3.010 2.710 3.690 3.850 5.130 4.772 4.398
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 1.060 1.120 1.180 1.260 1.340 1.410 1.460
Announcement Date 20-01-21 21-01-19 22-01-18 23-01-17 24-01-16 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 46.69 45.17 40.16 42.07 49.63 58.46 55.34 55.2 58.21 56.95 58.2 56 56.43 56.13 55.25
EBITDA - - - - - - - - - - - - - - -
EBIT 1 20.48 15.84 14.42 15.12 22.87 29.92 26.74 27.37 29.29 27.01 28.26 25.33 25.38 25.61 23.93
Operating Margin 43.87% 35.07% 35.9% 35.95% 46.09% 51.18% 48.32% 49.58% 50.32% 47.43% 48.55% 45.23% 44.98% 45.62% 43.32%
Earnings before Tax (EBT) 1 18.58 15.22 14.32 14.62 19.97 26.87 26.14 25.37 25.99 25.21 26.98 23.25 22.94 22.87 21.58
Net income 1 15.05 11.64 11.49 11.74 16.03 21.8 20.97 20.36 20.86 20.03 21.56 18.78 18.27 18.43 17.06
Net margin 32.23% 25.77% 28.61% 27.9% 32.3% 37.29% 37.9% 36.88% 35.83% 35.17% 37.05% 33.54% 32.37% 32.83% 30.88%
EPS 2 0.9500 0.7400 0.7300 0.7400 1.010 1.370 1.310 1.270 1.300 1.250 1.340 1.158 1.142 1.138 1.063
Dividend per Share 2 0.3000 0.3000 0.3100 0.3100 0.3200 0.3200 0.3300 0.3300 0.3400 0.3400 0.3500 0.3500 0.3550 0.3550 0.3633
Announcement Date 21-10-19 22-01-18 22-04-19 22-07-19 22-10-18 23-01-17 23-04-18 23-07-18 23-10-17 24-01-16 24-04-16 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 12.5% 10.3% 13.1% 14.1% 17.2% 14% 11.8%
ROA (Net income/ Total Assets) 1.39% 1.07% 1.23% 1.21% 1.62% 1.4% 1.24%
Assets 1 3,558 4,125 4,798 5,047 5,075 5,494 5,719
Book Value Per Share 2 25.40 27.00 28.80 27.60 32.40 35.80 38.90
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 20-01-21 21-01-19 22-01-18 23-01-17 24-01-16 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Mercantile Bank Corporation

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
36.19 USD
Average target price
41.67 USD
Spread / Average Target
+15.13%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Commercial Banks

1st Jan change Capi.
MERCANTILE BANK CORPORATION Stock Mercantile Bank Corporation
-10.38% 583M
AGRICULTURAL BANK OF CHINA LIMITED Stock Agricultural Bank of China Limited
+16.61% 210B
PT BANK CENTRAL ASIA TBK Stock PT Bank Central Asia Tbk
+2.39% 73.14B
ANZ GROUP HOLDINGS LIMITED Stock ANZ Group Holdings Limited
+7.99% 54.82B
INDUSTRIAL BANK CO., LTD. Stock Industrial Bank Co., Ltd.
+1.36% 47.1B
CRÉDIT AGRICOLE S.A. Stock Crédit Agricole S.A.
+13.25% 47B
CHINA CITIC BANK CO., LTD. Stock China CITIC Bank Co., Ltd.
+19.29% 44.81B
JAPAN POST BANK CO., LTD. Stock JAPAN POST BANK Co., Ltd.
+10.93% 36.6B
QATAR NATIONAL BANK (Q.P.S.C.) Stock Qatar National Bank (Q.P.S.C.)
-16.21% 35.14B
INVEST BANK Stock Invest bank
-96.60% 32.24B
Commercial Banks
  1. Stock Market
  2. Equities
  3. MBWM Stock
  4. Financials Mercantile Bank Corporation