MBWM
Mercantile Bank Corporation
$52.66
+$0.46(+0.88%)
64
Overall
80
Value
60
Tech
52
Quality
Market Cap
$879.27M
Volume
100.34K
52W Range
$42.17 - $55.77
Target Price
$59.33
Order:
Income Statement
| Metric | Trend | Chart | 2016 Dec | 2017 Dec | 2018 Dec | 2019 Dec | 2020 Dec | 2021 Dec | 2022 Dec | 2023 Dec | 2024 Dec | 2025 Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REVENUE | ||||||||||||
| Total Revenue | $124.0M | $125.8M | $138.0M | $151.5M | $167.4M | $180.3M | $190.3M | $225.7M | $231.5M | $242.7M | ||
| Total Revenue | $124.0M | $125.8M | $138.0M | $151.5M | $167.4M | $180.3M | $190.3M | $225.7M | $231.5M | $242.7M | ||
| OPERATING EXPENSES | ||||||||||||
| Selling, General & Administrative | $59.3M | $61.8M | $67.4M | $55.5M | $62.2M | $69.4M | $67.8M | $72.6M | $82.0M | $87.6M | ||
| Selling & Marketing Expenses | $1.6M | $1.6M | $1.6M | $1.4M | $1.3M | $1.2M | $1.4M | $1.6M | $1.6M | $1.7M | ||
| General & Administrative Expenses | $14.1M | $14.8M | $14.9M | $225.0K | $1.1M | $1.8M | $1.2M | $2.3M | $2.5M | $2.7M | ||
| Promotion & Advertising | $1.6M | $1.6M | $1.6M | $1.4M | $1.3M | $1.2M | $1.4M | $1.6M | $1.6M | $1.7M | ||
| Salaries & Wages | $43.5M | $45.4M | $50.9M | $53.8M | $59.8M | $66.4M | $65.1M | $68.8M | $77.9M | $83.2M | ||
| Depreciation & Amortization | $-2.9M | $-3.0M | $-3.6M | $3.9M | $5.2M | $5.8M | $6.0M | $6.0M | $6.0M | -- | ||
| Depreciation & Amortization | $-2.9M | $-3.0M | $-3.6M | $3.9M | $5.2M | $5.8M | $6.0M | -- | -- | -- | ||
| Amortization | $-2.0M | $-1.7M | $-1.5M | $1.7M | $2.9M | $3.7M | $3.2M | $2.8M | $3.3M | -- | ||
| SPECIAL ITEMS | ||||||||||||
| Restruct | -- | -- | -- | -- | -- | -- | -- | -- | -- | $1.8M | ||
| Special Income Charges | $-8.4M | $-8.6M | $-8.6M | $-24.1M | $-25.0M | $-21.6M | $-26.7M | $-29.4M | $-29.7M | $-35.4M | ||
| PRE-TAX INCOME | ||||||||||||
| Pre-Tax Income | $46.9M | $46.1M | $51.8M | $60.5M | $54.8M | $73.7M | $75.8M | $102.7M | $98.3M | $103.5M | ||
| INCOME TAX | ||||||||||||
| Tax Provision | $16.2M | $15.8M | $10.7M | $11.0M | $10.7M | $14.7M | $14.7M | $20.5M | $18.7M | $14.7M | ||
| NET INCOME | ||||||||||||
| Net Income | $31.9M | $96.4M | $42.0M | $49.5M | $44.1M | $59.0M | $61.1M | $82.2M | $79.6M | $88.8M | ||
| Net Income (Continuing Operations) | $31.9M | $96.4M | $42.0M | $49.5M | $44.1M | $59.0M | $61.1M | $82.2M | $79.6M | $88.8M | ||
| Net Income (Discontinued Operations) | $31.9M | $96.4M | $42.0M | $49.5M | $44.1M | $59.0M | $61.1M | $82.2M | $79.6M | $88.8M | ||
| Net Income (Common Stockholders) | $78.8M | $96.4M | $112.9M | $49.5M | $44.1M | $59.0M | $61.1M | $82.2M | $79.6M | $88.8M | ||
| Normalized Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | $104.3M | ||
| SHARE & EPS DATA | ||||||||||||
| Average Shares Outstanding | $16.3M | $16.5M | $16.6M | $16.4M | $16.3M | $16.0M | $15.9M | $16.0M | $16.1M | $16.2M | ||
| Average Shares Outstanding (Diluted) | $16.3M | $16.5M | $16.6M | $16.4M | $16.3M | $16.0M | $15.9M | $16.0M | $16.1M | $16.2M | ||
| Shares Outstanding | $16.4M | $16.6M | $16.4M | $16.3M | $16.3M | $15.8M | $16.0M | $16.1M | $16.2M | $17.3M | ||
| Basic EPS | $1.96 | $1.9 | $2.53 | $3.01 | $2.71 | $3.69 | $3.85 | $5.13 | $4.93 | $5.47 | ||
| Basic EPS (Continuing Operations) | $1.96 | $1.9 | $2.53 | $3.01 | $2.71 | $3.69 | $3.85 | $5.13 | $4.93 | $5.47 | ||
| Diluted EPS | $1.96 | $1.9 | $2.53 | $3.01 | $2.71 | $3.69 | $3.85 | $5.13 | $4.93 | $5.47 | ||
| Diluted EPS (Continuing Operations) | $1.96 | $1.9 | $2.53 | $3.01 | $2.71 | $3.69 | $3.85 | $5.13 | $4.93 | $5.47 | ||
| Dividend Per Share | $0.66 | $0.74 | $0.93 | $1.06 | $1.12 | $1.18 | $1.26 | $1.34 | -- | -- | ||
| OTHER METRICS | ||||||||||||
| Credit Card | -- | $46.1M | -- | -- | -- | -- | -- | -- | -- | -- | ||
| Credit Losses Provision | $2.9M | $3.0M | $1.1M | $1.8M | $14.1M | $4.3M | $6.5M | $7.7M | $7.4M | $3.2M | ||
| Dividend Income | -- | -- | -- | $60.5M | -- | -- | -- | -- | -- | -- | ||
| Equipment | $2.1M | $2.2M | $2.5M | $2.6M | $3.4M | $3.7M | $3.6M | $3.5M | $3.7M | $3.4M | ||
| Fees And Commissions | $12.4M | $1.7M | $1.7M | $8.5M | $29.3M | $30.0M | $8.7M | $7.6M | $12.3M | $13.0M | ||
| Gain On Sale Of Business | $46.9M | -- | -- | -- | -- | $1.1M | -- | -- | -- | -- | ||
| Insurance And Claims | $14.1M | $14.8M | $14.9M | $225.0K | $1.1M | $1.8M | $1.2M | $2.3M | $2.5M | $2.7M | ||
| Interest Expense For Capitalized Lease Obligations | -- | -- | -- | -- | $600.0K | $1.2M | $1.3M | -- | -- | -- | ||
| Interest Expense For Deposit | $7.5M | $9.4M | $13.9M | $21.3M | $15.0M | $9.1M | $10.0M | $55.4M | $101.4M | $102.5M | ||
| Interest Expense For Federal Funds Sold And Securities Purchase Under Agreements To Resell | -- | -- | -- | $-40.0M | $-20.0M | -- | -- | -- | -- | -- | ||
| Interest Expense For Long Term Debt | $4.8M | $6.2M | $7.8M | $12.2M | $10.9M | $10.1M | $13.3M | $19.5M | $21.3M | $19.2M | ||
| Interest Expense For Long Term Debt And Capital Securities | $4.8M | $6.2M | $7.8M | $12.2M | $10.9M | $10.1M | $13.3M | $19.5M | $21.3M | $19.2M | ||
| Interest Expense For Short Term Debt | $211.0K | $190.0K | $273.0K | $295.0K | $173.0K | $170.0K | $294.0K | $2.8M | $7.7M | $7.5M | ||
| Interest Income | $118.5M | $125.5M | $142.0M | $158.3M | $148.3M | $143.5M | $181.8M | $271.4M | $321.5M | $330.2M | ||
| Interest Income After Provision For Loan Loss | $100.1M | $103.8M | $117.9M | $122.8M | $108.2M | $119.8M | $151.7M | $185.8M | $183.7M | $197.8M | ||
| Interest Income From Deposits | $401.0K | $1.1M | $1.2M | $2.4M | $876.0K | $933.0K | $4.7M | $5.5M | $15.5M | $16.3M | ||
| Interest Income From Investment Securities | $9.0M | $7.6M | $60.8M | $10.2M | $10.0M | $7.5M | $10.3M | $12.7M | $14.0M | $22.5M | ||
| Interest Income From Loans | $109.0M | $116.8M | $131.8M | $145.8M | $137.4M | $135.0M | $166.8M | $253.1M | $291.9M | $291.4M | ||
| Interest Income From Loans And Lease | $109.0M | $116.8M | $131.8M | $145.8M | $137.4M | $135.0M | $166.8M | $253.1M | $291.9M | $291.4M | ||
| Interest Income From Securities | $9.0M | $53.7M | $60.8M | $10.2M | $10.0M | $7.5M | $10.3M | $12.7M | $14.0M | $22.5M | ||
| Net Interest Income | $103.0M | $106.8M | $119.0M | $124.5M | $122.2M | $124.1M | $158.2M | $193.5M | $191.1M | $201.0M | ||
| Net Occupancy Expense | $6.1M | $6.2M | $6.7M | $7.1M | $8.0M | $8.1M | $8.4M | $9.2M | $8.6M | $8.5M | ||
| Non Interest Expense | $-77.1M | $-79.7M | $-86.2M | $89.3M | $98.5M | $110.9M | $108.0M | $115.3M | $125.8M | $136.0M | ||
| Non Interest Income | $21.0M | $19.0M | $19.0M | $27.0M | $45.2M | $56.2M | $32.1M | $32.1M | $40.4M | $41.6M | ||
| Occupancy And Equipment | $8.2M | $8.4M | $9.2M | $9.6M | $11.3M | $11.7M | $12.0M | $12.6M | $12.4M | $11.9M | ||
| Other Customer Services | $4.3M | $1.7M | $1.7M | -- | -- | -- | -- | -- | -- | -- | ||
| Other Gand A | $14.1M | $14.8M | $14.9M | $225.0K | $1.1M | $1.8M | $1.2M | $2.3M | $2.5M | $2.7M | ||
| Other Interest Expense | $-12.6M | $-15.8M | $-21.9M | $-124.5M | $-122.2M | $19.4M | $23.6M | -- | -- | -- | ||
| Other Non Interest Expense | $8.4M | $8.6M | $8.6M | $24.1M | $25.0M | $21.6M | $26.7M | $29.4M | $29.7M | $33.6M | ||
| Other Non Interest Income | $8.6M | $36.3M | $36.3M | $18.5M | $15.8M | $25.2M | $3.6M | $4.2M | $6.2M | $5.8M | ||
| Securities Activities | $3.9M | $7.6M | -- | $8.5M | $29.3M | $30.0M | $8.7M | $7.6M | $12.3M | $13.0M | ||
| Service Charge On Depositor Accounts | $4.3M | $4.2M | -- | -- | -- | -- | -- | -- | -- | -- | ||
| Trust Feesby Commissions | $46.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- | ||
| Intexp | $-12.6M | $-15.8M | $-21.9M | $33.8M | $26.1M | $19.4M | $23.6M | $77.8M | $130.4M | $129.2M | ||
| Othspecchg | -- | -- | -- | $-23.9M | $-38.0M | $-35.4M | $-42.2M | -- | -- | -- | ||
Financial data is updated quarterly and may not reflect the most recent earnings.
| A | B | C | D | |
|---|---|---|---|---|
| 1 | Symbol | Price | Change | Vol |
| 2 | MBWM | $52.66 | +0.9% | 100.34K |
| 3 | ||||
| 4 | ||||
| 5 | ||||
| 6 |
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