Last $20.52 USD
Change Today +0.55 / 2.75%
Volume 42.2K
MBWM On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

mercantile bank corp (MBWM) Snapshot

Open
$19.75
Previous Close
$19.97
Day High
$20.52
Day Low
$19.64
52 Week High
07/1/14 - $23.58
52 Week Low
04/25/14 - $16.72
Market Cap
346.0M
Average Volume 10 Days
20.9K
EPS TTM
$1.81
Shares Outstanding
16.9M
EX-Date
12/10/14
P/E TM
11.4x
Dividend
$0.48
Dividend Yield
12.09%
Current Stock Chart for MERCANTILE BANK CORP (MBWM)

mercantile bank corp (MBWM) Related Businessweek News

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mercantile bank corp (MBWM) Details

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial banking services for businesses, individuals, and governmental units. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements. The company also offers secured and unsecured commercial loans comprising commercial and industrial, vacant land, land development and residential construction, owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, credit cards, and overdraft protection. In addition, the company 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 of July 22, 2014, it operated 53 banking offices in central and western Michigan. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.

640 Employees
Last Reported Date: 11/7/14
Founded in 1997

mercantile bank corp (MBWM) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $474.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $255.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $305.0K
Compensation as of Fiscal Year 2013.

mercantile bank corp (MBWM) Key Developments

Mercantile Bank Corp. to Report Q3, 2014 Results on Oct 21, 2014

Mercantile Bank Corp. announced that they will report Q3, 2014 results on Oct 21, 2014

Mercantile Bank Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Loan Charge-Offs for the Third Quarter of 2014

Mercantile Bank Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company reported net income of $5.95 million, or $0.35 per basic and diluted share, for the third quarter of 2014, compared with net income of $3.453 million, or $0.40 per basic and diluted share, for the prior-year period. Net interest income was $25.99 million against $11.994 million a year ago. Income before federal income tax expense was $8.55 million against $5.5 million a year ago. Return on average assets was 0.82% against 0.99% a year ago. Return on average equity was 7.46% against 9.15% a year ago. For the nine months, the company reported net income of $11.04 or $0.89 per basic and diluted share against $11.9 million or $1.36 per basic and diluted share a year ago. Net interest income was $52.61 million against $34.761 million a year ago. Income before federal income tax expense was $16.3 million against $17.424 million a year ago. Return on average assets was 0.72% against 1.15% a year ago. Return on average equity was 6.52% against 10.63% a year ago. Book value per common share was $19.04 against $17.21 a year ago. Tangible book value per common share was $15.05 against $17.21 a year ago. For the third quarter of 2014, the company reported net loan charge-offs of $0.1 million.

Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on December 24, 2014

Mercantile Bank Corporation announced that on October 16, 2014 its Board of Directors declared a regular quarterly cash dividend of $0.12 per common share, payable December 24, 2014 to holders of record as of December 12, 2014.

 

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Industry Analysis

MBWM

Industry Average

Valuation MBWM Industry Range
Price/Earnings 14.2x
Price/Sales 4.3x
Price/Book 1.0x
Price/Cash Flow 20.8x
TEV/Sales NM Not Meaningful
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