Key Stats
Key stats represent essential financial metrics and indicators used to evaluate a company's performance and potential investment opportunities.
Stock Score/grades
The Stock Score/Grades evaluate bankruptcy risk and assess the financial strength and fundamental health of a company
- Altman Z Score 0.43
- Piotroski Score 6.00
- Grade Outperform
- Symbol (MBWM)
- Company Mercantile Bank Corporation
- Price $49.07
- Changes Percentage (1.53%)
- Change $0.74
- Day Low $48.56
- Day High $49.67
- Year High $51.31
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.
- Last Earnings 10/10/2024
- Ex-Dividend for 5/16 Dividend 12/06/2024
- Dividend Payable 12/18/2024
- Today N/A
- Next Earnings (Estimated) 01/14/2025
- Fiscal Year End N/A
- Average Stock Price Target $0.00
- High Stock Price Target $0.00
- Low Stock Price Target $0.00
- Potential Upside/Downside N/A
- Consensus Rating Neutral
- Rating Score (0-4) N/A
- Research Coverage N/A
- EPS (Most Recent Fiscal Year) $5.16
- Trailing P/E Ratio 7.05
- Forward P/E Ratio 7.05
- P/E Growth 7.05
- Net Income $82.22 M
Income Statement
Quarterly
Annual
Latest News of MBWM
The Latest News section aggregates recent news posts from various news outlets, offering a comprehensive overview of the most recent developments related to the topic.
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Mercantile Bank Corp (MBWM) Q3 2024 Earnings Call Highlights: Strong Deposit Growth and Asset ...
The impressive deposit growth was driven by new client acquisition and focusing on deposit opportunities. Deposit pricing reacted to the Fed's rate cut by decreasing by about 50 basis points. The cost...
By Yahoo! Finance | 1 month ago -
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36
Mercantile Bank Corporation (NASDAQ:MBWM) will pay a dividend of $0.36 on September 18, an increase from last year. With a payout ratio of 27% and stable earnings, the company is expected to sustain i...
By Yahoo! Finance | 3 months ago -
Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$49.75
Mercantile Bank Corporation (NASDAQ:MBWM) saw a 13% surge in shares post its second-quarter results, aligning with estimates. Analysts predict a 3.7% revenue increase in 2024....
By Yahoo! Finance | 4 months ago
