Mercantile Bank Corp
NASDAQ:MBWM

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Mercantile Bank Corp Logo
Mercantile Bank Corp
NASDAQ:MBWM
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Price: 39.45 USD -1.4%
Market Cap: 640.3m USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

0
Net Interest Income
+0%
Growth Rates:
1 Year
-1%
3 Years
+54%
5 Years
+53%
7 Years
+74%
10 Years
+146%
0
Non Interest Income
+0%
Growth Rates:
1 Year
+26%
3 Years
-28%
5 Years
+50%
7 Years
+113%
10 Years
+303%
0
Net Income
+0%
Growth Rates:
1 Year
-3%
3 Years
+35%
5 Years
+61%
7 Years
+154%
10 Years
+359%

Income Statement
Mercantile Bank Corp

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Income Statement
Currency: USD
Millions
Ones
Thousands
Millions
Billions
TTM
Quarterly
Annual
TTM
Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024
Revenue
Net Interest Income
78
92
101
101
101
102
104
105
106
105
106
108
110
114
116
118
120
121
122
124
125
124
124
122
122
121
122
123
124
125
129
140
158
176
189
196
194
193
192
191
191
Interest Income
89
103
112
112
112
114
116
117
119
118
119
122
126
132
135
138
142
146
151
156
158
158
155
150
148
145
144
144
144
145
148
161
182
206
233
256
271
288
301
313
322
Interest Expense
11
12
11
11
11
11
12
12
13
13
13
15
16
17
19
20
22
25
29
32
34
33
31
29
26
24
22
21
19
19
19
20
24
31
44
60
78
95
109
121
130
Non Interest Income
10
12
14
15
16
19
19
20
21
20
20
19
19
18
18
18
19
21
23
25
27
27
32
38
45
52
56
58
56
52
45
37
32
30
30
32
32
36
38
39
40
Revenue
88
N/A
104
+18%
115
+11%
116
+1%
117
+1%
122
+4%
124
+2%
126
+1%
127
+1%
125
-1%
125
+0%
127
+1%
129
+1%
132
+3%
135
+2%
136
+1%
139
+2%
142
+2%
145
+3%
149
+3%
152
+2%
151
0%
155
+3%
160
+3%
167
+5%
174
+4%
177
+2%
181
+2%
180
-1%
177
-2%
174
-2%
177
+2%
190
+7%
206
+8%
219
+6%
227
+4%
226
-1%
229
+1%
230
+1%
230
0%
231
+1%
Pre-Tax Income
Loan Loss Provision
3
2
1
2
1
0
(2)
(3)
(3)
(3)
(3)
(3)
(3)
(2)
(2)
(2)
(1)
(2)
(2)
(2)
(2)
(2)
0
0
0
(0)
3
1
4
5
1
(0)
(7)
(7)
(9)
(9)
(8)
(8)
(10)
(8)
(7)
Non Interest Expense
(66)
(76)
(80)
(79)
(79)
(80)
(79)
(79)
(77)
(77)
(78)
(78)
(80)
(81)
(83)
(84)
(86)
(87)
(88)
(88)
(89)
(90)
(99)
(107)
(113)
(114)
(109)
(106)
(111)
(111)
(112)
(113)
(108)
(111)
(112)
(114)
(115)
(117)
(119)
(122)
(126)
Pre-Tax Income
25
N/A
30
+18%
36
+23%
39
+6%
39
+0%
42
+7%
43
+4%
44
+2%
47
+7%
45
-3%
45
-1%
46
+1%
46
+1%
49
+5%
50
+2%
50
+1%
52
+3%
53
+2%
56
+5%
59
+5%
61
+3%
59
-2%
55
-6%
53
-4%
55
+3%
59
+8%
71
+20%
76
+8%
74
-3%
70
-4%
63
-11%
64
+2%
76
+18%
88
+16%
98
+12%
104
+6%
103
-2%
104
+1%
102
-2%
100
-1%
98
-2%
Net Income
Tax Provision
(8)
(9)
(11)
(12)
(12)
(13)
(13)
(14)
(15)
(14)
(14)
(14)
(14)
(13)
(12)
(10)
(10)
(10)
(11)
(11)
(11)
(11)
(10)
(10)
(11)
(12)
(14)
(15)
(15)
(14)
(13)
(13)
(15)
(17)
(19)
(20)
(20)
(21)
(20)
(20)
(19)
Income from Continuing Operations
17
20
25
27
27
29
30
30
32
31
31
31
33
36
38
40
42
43
45
48
50
48
45
43
44
48
57
61
59
56
50
51
61
71
79
84
82
83
81
80
80
Net Income (Common)
17
N/A
20
+18%
25
+25%
27
+5%
27
+1%
29
+7%
30
+3%
30
+2%
32
+5%
31
-3%
31
0%
31
+2%
31
0%
35
+10%
37
+6%
38
+5%
42
+9%
43
+2%
45
+5%
48
+5%
50
+4%
48
-2%
45
-6%
43
-4%
44
+2%
48
+8%
57
+20%
61
+8%
59
-4%
56
-5%
50
-11%
51
+2%
61
+20%
71
+15%
79
+12%
84
+6%
82
-2%
83
+1%
81
-2%
80
-2%
80
-1%
EPS (Diluted)
1.02
N/A
1.2
+18%
1.5
+25%
1.63
+9%
1.62
-1%
1.76
+9%
1.83
+4%
1.86
+2%
1.96
+5%
1.89
-4%
1.88
-1%
1.91
+2%
1.89
-1%
2.08
+10%
2.2
+6%
2.31
+5%
2.53
+10%
2.6
+3%
2.74
+5%
2.9
+6%
3.01
+4%
2.94
-2%
2.79
-5%
2.66
-5%
2.71
+2%
2.94
+8%
3.54
+20%
3.87
+9%
3.69
-5%
3.54
-4%
3.16
-11%
3.22
+2%
3.85
+20%
4.4
+14%
4.96
+13%
5.25
+6%
5.13
-2%
5.16
+1%
5.05
-2%
4.97
-2%
4.93
-1%

See Also

Summary
MBWM intrinsic value, competitors valuation, and company profile.
DCF Valuation
MBWM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MBWM stock valuation using valuation multiples.
Wall Street Estimates
MBWM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MBWM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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