Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.35
MBWM's Cash to Debt is ranked lower than
52% of the 970 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.49 vs. MBWM: 1.35 )
Ranked among companies with meaningful Cash to Debt only.
MBWM' s 10-Year Cash to Debt Range
Min: 0.05  Med: 0.34 Max: 1.78
Current: 1.35
0.05
1.78
Equity to Asset 0.12
MBWM's Equity to Asset is ranked higher than
69% of the 1323 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. MBWM: 0.12 )
Ranked among companies with meaningful Equity to Asset only.
MBWM' s 10-Year Equity to Asset Range
Min: 0.06  Med: 0.09 Max: 0.12
Current: 0.12
0.06
0.12
Interest Coverage 1.69
MBWM's Interest Coverage is ranked higher than
50% of the 1239 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.65 vs. MBWM: 1.69 )
Ranked among companies with meaningful Interest Coverage only.
MBWM' s 10-Year Interest Coverage Range
Min: 0.14  Med: 0.51 Max: 1.69
Current: 1.69
0.14
1.69
F-Score: 6
WACC vs ROIC
7.75%
5.69%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 22.77
MBWM's Operating margin (%) is ranked lower than
67% of the 1388 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 29.90 vs. MBWM: 22.77 )
Ranked among companies with meaningful Operating margin (%) only.
MBWM' s 10-Year Operating margin (%) Range
Min: -100.52  Med: 23.30 Max: 43.1
Current: 22.77
-100.52
43.1
Net-margin (%) 19.65
MBWM's Net-margin (%) is ranked lower than
56% of the 1388 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.60 vs. MBWM: 19.65 )
Ranked among companies with meaningful Net-margin (%) only.
MBWM' s 10-Year Net-margin (%) Range
Min: -88.45  Med: 22.92 Max: 64.06
Current: 19.65
-88.45
64.06
ROE (%) 7.00
MBWM's ROE (%) is ranked lower than
58% of the 1390 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.16 vs. MBWM: 7.00 )
Ranked among companies with meaningful ROE (%) only.
MBWM' s 10-Year ROE (%) Range
Min: -33.64  Med: 9.01 Max: 24.85
Current: 7
-33.64
24.85
ROA (%) 0.79
MBWM's ROA (%) is ranked lower than
53% of the 1399 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.84 vs. MBWM: 0.79 )
Ranked among companies with meaningful ROA (%) only.
MBWM' s 10-Year ROA (%) Range
Min: -2.53  Med: 0.84 Max: 2.45
Current: 0.79
-2.53
2.45
ROC (Joel Greenblatt) (%) 53.81
MBWM's ROC (Joel Greenblatt) (%) is ranked lower than
61% of the 1381 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 76.24 vs. MBWM: 53.81 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MBWM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -150.27  Med: 39.62 Max: 137.14
Current: 53.81
-150.27
137.14
Revenue Growth (3Y)(%) -0.60
MBWM's Revenue Growth (3Y)(%) is ranked lower than
64% of the 1174 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.00 vs. MBWM: -0.60 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MBWM' s 10-Year Revenue Growth (3Y)(%) Range
Min: -6.9  Med: 5.35 Max: 47.9
Current: -0.6
-6.9
47.9
EBITDA Growth (3Y)(%) 12.50
MBWM's EBITDA Growth (3Y)(%) is ranked higher than
66% of the 1035 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. MBWM: 12.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MBWM' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -9.7  Med: 18.90 Max: 30.4
Current: 12.5
-9.7
30.4
EPS Growth (3Y)(%) -32.00
MBWM's EPS Growth (3Y)(%) is ranked lower than
93% of the 1042 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.40 vs. MBWM: -32.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MBWM' s 10-Year EPS Growth (3Y)(%) Range
Min: -32  Med: 20.20 Max: 23.9
Current: -32
-32
23.9
» MBWM's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

MBWM Guru Trades in Q2 2014

Jim Simons 497,415 sh (+14.66%)
» More
Q3 2014

MBWM Guru Trades in Q3 2014

Jim Simons 486,615 sh (-2.17%)
» More
Q4 2014

MBWM Guru Trades in Q4 2014

Jim Simons 489,015 sh (+0.49%)
» More
Q1 2015

MBWM Guru Trades in Q1 2015

Jim Simons 508,114 sh (+3.91%)
» More
» Details

Insider Trades

Latest Guru Trades with MBWM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 16.41
MBWM's P/E(ttm) is ranked lower than
63% of the 1251 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.80 vs. MBWM: 16.41 )
Ranked among companies with meaningful P/E(ttm) only.
MBWM' s 10-Year P/E(ttm) Range
Min: 2.3  Med: 14.04 Max: 132.43
Current: 16.41
2.3
132.43
Forward P/E 11.98
MBWM's Forward P/E is ranked higher than
52% of the 710 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.17 vs. MBWM: 11.98 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 16.30
MBWM's PE(NRI) is ranked lower than
63% of the 1248 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.80 vs. MBWM: 16.30 )
Ranked among companies with meaningful PE(NRI) only.
MBWM' s 10-Year PE(NRI) Range
Min: 2.3  Med: 14.05 Max: 132.43
Current: 16.3
2.3
132.43
P/B 1.04
MBWM's P/B is ranked higher than
56% of the 1349 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. MBWM: 1.04 )
Ranked among companies with meaningful P/B only.
MBWM' s 10-Year P/B Range
Min: 0.16  Med: 0.99 Max: 2.4
Current: 1.04
0.16
2.4
P/S 3.08
MBWM's P/S is ranked lower than
51% of the 1371 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.99 vs. MBWM: 3.08 )
Ranked among companies with meaningful P/S only.
MBWM' s 10-Year P/S Range
Min: 0.44  Med: 2.75 Max: 26.3
Current: 3.08
0.44
26.3
PFCF 20.39
MBWM's PFCF is ranked lower than
76% of the 803 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.27 vs. MBWM: 20.39 )
Ranked among companies with meaningful PFCF only.
MBWM' s 10-Year PFCF Range
Min: 1.87  Med: 9.25 Max: 230.25
Current: 20.39
1.87
230.25
POCF 17.73
MBWM's POCF is ranked lower than
78% of the 916 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.79 vs. MBWM: 17.73 )
Ranked among companies with meaningful POCF only.
MBWM' s 10-Year POCF Range
Min: 1.84  Med: 8.75 Max: 86.98
Current: 17.73
1.84
86.98
EV-to-EBIT 13.07
MBWM's EV-to-EBIT is ranked higher than
55% of the 1255 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.99 vs. MBWM: 13.07 )
Ranked among companies with meaningful EV-to-EBIT only.
MBWM' s 10-Year EV-to-EBIT Range
Min: -384.8  Med: 13.40 Max: 79.4
Current: 13.07
-384.8
79.4
Shiller P/E 111.05
MBWM's Shiller P/E is ranked lower than
97% of the 770 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 16.76 vs. MBWM: 111.05 )
Ranked among companies with meaningful Shiller P/E only.
MBWM' s 10-Year Shiller P/E Range
Min: 2.42  Med: 20.83 Max: 1074
Current: 111.05
2.42
1074

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.55
MBWM's Dividend Yield is ranked lower than
51% of the 2204 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.60 vs. MBWM: 2.55 )
Ranked among companies with meaningful Dividend Yield only.
MBWM' s 10-Year Dividend Yield Range
Min: 0.11  Med: 1.86 Max: 8.51
Current: 2.55
0.11
8.51
Dividend Payout 0.38
MBWM's Dividend Payout is ranked lower than
58% of the 1287 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. MBWM: 0.38 )
Ranked among companies with meaningful Dividend Payout only.
MBWM' s 10-Year Dividend Payout Range
Min: 0.15  Med: 0.21 Max: 12.73
Current: 0.38
0.15
12.73
Yield on cost (5-Year) 2.58
MBWM's Yield on cost (5-Year) is ranked lower than
57% of the 2195 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.03 vs. MBWM: 2.58 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MBWM' s 10-Year Yield on cost (5-Year) Range
Min: 0.11  Med: 1.86 Max: 8.51
Current: 2.58
0.11
8.51
Share Buyback Rate -15.10
MBWM's Share Buyback Rate is ranked lower than
83% of the 997 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.90 vs. MBWM: -15.10 )
Ranked among companies with meaningful Share Buyback Rate only.
MBWM' s 10-Year Share Buyback Rate Range
Min: 0.2  Med: -3.70 Max: -27.2
Current: -15.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.27
MBWM's Price/Tangible Book is ranked lower than
56% of the 1328 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.18 vs. MBWM: 1.27 )
Ranked among companies with meaningful Price/Tangible Book only.
MBWM' s 10-Year Price/Tangible Book Range
Min: 0.17  Med: 1.17 Max: 2.15
Current: 1.27
0.17
2.15
Price/Projected FCF 0.79
MBWM's Price/Projected FCF is ranked lower than
60% of the 775 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.67 vs. MBWM: 0.79 )
Ranked among companies with meaningful Price/Projected FCF only.
MBWM' s 10-Year Price/Projected FCF Range
Min: 0.12  Med: 0.63 Max: 1.89
Current: 0.79
0.12
1.89
Price/Median PS Value 1.11
MBWM's Price/Median PS Value is ranked lower than
53% of the 1280 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.09 vs. MBWM: 1.11 )
Ranked among companies with meaningful Price/Median PS Value only.
MBWM' s 10-Year Price/Median PS Value Range
Min: 0.16  Med: 1.09 Max: 8.66
Current: 1.11
0.16
8.66
Price/Graham Number 0.97
MBWM's Price/Graham Number is ranked lower than
61% of the 1155 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.86 vs. MBWM: 0.97 )
Ranked among companies with meaningful Price/Graham Number only.
MBWM' s 10-Year Price/Graham Number Range
Min: 0.23  Med: 1.00 Max: 1.48
Current: 0.97
0.23
1.48
Earnings Yield (Greenblatt) (%) 7.65
MBWM's Earnings Yield (Greenblatt) (%) is ranked higher than
60% of the 1372 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.70 vs. MBWM: 7.65 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MBWM' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 1.3  Med: 4.10 Max: 11.1
Current: 7.65
1.3
11.1
Forward Rate of Return (Yacktman) (%) -5.30
MBWM's Forward Rate of Return (Yacktman) (%) is ranked lower than
81% of the 765 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.43 vs. MBWM: -5.30 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
MBWM' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -6.8  Med: 11.00 Max: 62.2
Current: -5.3
-6.8
62.2

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Mercantile Bank Corp was organized on July 15, 1997, under the laws of the State of Michigan for the purpose of holding all of the stock of Mercantile Bank of Michigan. The Company, through its subsidiaries, provides banking, insurance and real estate services. The Bank is a community-based financial institution. The Bank's primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are commercial loans, residential mortgage loans, and instalment loans. Insurance products are offered through an Agency and Institutions Agreement among Mercantile Insurance, the Bank and Hub International. The insurance products are marketed through a central facility operated by the Michigan Bankers Insurance Association, members of which include the insurance subsidiaries of various Michigan-based financial institutions and Hub International. Mercantile Real Estate develops, constructs, and owns a facility in downtown Grand Rapids that serves as its Bank's main office and Mercantile's headquarters. It competes for deposits, loans and other financial services with numerous Michigan-based and national and regional banks, savings banks, thrifts, credit unions and other financial institutions as well as from other entities that provide financial services. The Company is subject to regulatory capital requirements administered by federal banking agencies.
» More Articles for MBWM

Headlines

Articles On GuruFocus.com
Mercantile Bank Hires Primatics Financial to Provide Acquired Accounting and Valuation Services Dec 01 2014 
Banking on Michigan: More Than Just Automation Alley Aug 30 2013 
comment on MBWM Apr 20 2013 
comment on MBWM Apr 20 2013 
50 Top Stocks with the Highest Dividend Growth in October 2012 Oct 30 2012 
comment on MBWM Apr 03 2012 
Mercantile Bank Corp. Reports Operating Results (10-K) Mar 14 2011 
Mercantile Bank Corp. Reports Operating Results (10-Q) Nov 08 2010 
Mercantile Bank Corp. Reports Operating Results (10-Q) Aug 09 2010 
Mercantile Bank Corp. Reports Operating Results (10-Q) May 10 2010 

More From Other Websites
Mercantile Bank downgraded by Sandler O'Neill Jul 22 2015
Edited Transcript of MBWM earnings conference call or presentation 21-Jul-15 2:00pm GMT Jul 21 2015
MERCANTILE BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Jul 21 2015
Q2 2015 Mercantile Bank Corp Earnings Release - Before Market Open Jul 21 2015
Mercantile Bank Corporation Reports Strong Second Quarter 2015 Results Jul 21 2015
Mercantile Bank Corporation Increases Dividend Jul 21 2015
Mercantile Bank posts 2Q profit Jul 21 2015
Mercantile Bank posts 2Q profit Jul 21 2015
Mercantile Bank Corporation Reports Strong Second Quarter 2015 Results Jul 21 2015
Mercantile Bank Corporation Increases Dividend Jul 21 2015
Mercantile Bank Corporation Announces Second Quarter 2015 Results Conference Call and Webcast Jul 01 2015
Mercantile Bank Corporation Announces Second Quarter 2015 Results Conference Call and Webcast Jul 01 2015
Pacific Mercantile Bank Provides $3 Million in Financing to Vinculums Jun 30 2015
Pacific Mercantile Bank Provides $3 Million in Financing to Rich-Uncles Jun 25 2015
Pacific Mercantile Bank Provides $14 Million in Financing to IPS Group Jun 17 2015
Pacific Mercantile Bank Hires Dan Jahns As Vice President, Entertainment Industries Division Jun 09 2015
Pacific Mercantile Bank's Leila Rohani Honored With Lauds & Laurels Award From UC Irvine Alumni... Jun 05 2015
Pacific Mercantile Bank Provides $10 Million in Financing to Shark Investments, LLC Jun 03 2015
Mercantile Bank Corporation Announces Promotions May 28 2015
MERCANTILE BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers, Submission of... May 28 2015

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK