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 0.48
MBWM's Cash to Debt is ranked lower than
71% of the 1134 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.18 vs. MBWM: 0.48 )
Ranked among companies with meaningful Cash to Debt only.
MBWM' s Cash to Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.37 Max: N/A
Current: 0.48
Equity to Asset 0.12
MBWM's Equity to Asset is ranked higher than
69% of the 1602 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 Equity to Asset Range Over the Past 10 Years
Min: 0.06  Med: 0.09 Max: 0.12
Current: 0.12
0.06
0.12
Interest Coverage 3.65
MBWM's Interest Coverage is ranked higher than
73% of the 1585 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.62 vs. MBWM: 3.65 )
Ranked among companies with meaningful Interest Coverage only.
MBWM' s Interest Coverage Range Over the Past 10 Years
Min: 0.14  Med: 1.37 Max: 3.48
Current: 3.65
0.14
3.48
F-Score: 4
M-Score: -2.47
WACC vs ROIC
6.63%
7.97%
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 (%) 34.90
MBWM's Operating margin (%) is ranked higher than
59% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.11 vs. MBWM: 34.90 )
Ranked among companies with meaningful Operating margin (%) only.
MBWM' s Operating margin (%) Range Over the Past 10 Years
Min: -79.12  Med: 20.70 Max: 46.25
Current: 34.9
-79.12
46.25
Net-margin (%) 24.08
MBWM's Net-margin (%) is ranked higher than
56% of the 1620 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.40 vs. MBWM: 24.08 )
Ranked among companies with meaningful Net-margin (%) only.
MBWM' s Net-margin (%) Range Over the Past 10 Years
Min: -88.45  Med: 21.33 Max: 64.06
Current: 24.08
-88.45
64.06
ROE (%) 8.90
MBWM's ROE (%) is ranked higher than
55% of the 1615 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.20 vs. MBWM: 8.90 )
Ranked among companies with meaningful ROE (%) only.
MBWM' s ROE (%) Range Over the Past 10 Years
Min: -33.64  Med: 7.29 Max: 24.85
Current: 8.9
-33.64
24.85
ROA (%) 1.02
MBWM's ROA (%) is ranked higher than
61% of the 1625 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.87 vs. MBWM: 1.02 )
Ranked among companies with meaningful ROA (%) only.
MBWM' s ROA (%) Range Over the Past 10 Years
Min: -2.53  Med: 0.84 Max: 2.45
Current: 1.02
-2.53
2.45
Revenue Growth (3Y)(%) 4.50
MBWM's Revenue Growth (3Y)(%) is ranked higher than
61% of the 1336 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.80 vs. MBWM: 4.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MBWM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -6.9  Med: 4.50 Max: 48
Current: 4.5
-6.9
48
EBITDA Growth (3Y)(%) 9.60
MBWM's EBITDA Growth (3Y)(%) is ranked higher than
62% of the 1226 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.80 vs. MBWM: 9.60 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MBWM' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -9.7  Med: 18.30 Max: 32.3
Current: 9.6
-9.7
32.3
EPS Growth (3Y)(%) 7.60
MBWM's EPS Growth (3Y)(%) is ranked higher than
51% of the 1211 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. MBWM: 7.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MBWM' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -32  Med: 19.55 Max: 24.9
Current: 7.6
-32
24.9
» MBWM's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-10-20)


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

» Details

Guru Trades

Q2 2015

MBWM Guru Trades in Q2 2015

Jim Simons 602,372 sh (+18.55%)
» More
Q3 2015

MBWM Guru Trades in Q3 2015

Jim Simons 618,333 sh (+2.65%)
» More
Q4 2015

MBWM Guru Trades in Q4 2015

Jim Simons 608,987 sh (-1.51%)
» More
Q1 2016

MBWM Guru Trades in Q1 2016

Jim Simons 635,115 sh (+4.29%)
» 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 )

Business Description

Industry: Banks » Banks - Regional - US
Compare:NAS:AROW, NAS:PEBO, NAS:CACB, NAS:PSTB, NAS:UVSP, NAS:TSC, OTCPK:HBIA, NAS:SNBC, NAS:FCBC, NAS:CUNB, NAS:BHBK, NYSE:SCNB, NAS:CAC, NAS:FLIC, NAS:FFWM, NAS:LION, NAS:FISI, NYSE:BNK, NAS:OKSB, NAS:GBNK » details
Mercantile Bank Corp is a registered bank holding company. The Company, through its subsidiaries, provides banking, insurance and real estate services.

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.

Ratios

vs
industry
vs
history
P/E(ttm) 13.84
MBWM's P/E(ttm) is ranked lower than
56% of the 1682 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.67 vs. MBWM: 13.84 )
Ranked among companies with meaningful P/E(ttm) only.
MBWM' s P/E(ttm) Range Over the Past 10 Years
Min: 2.3  Med: 13.40 Max: 132.43
Current: 13.84
2.3
132.43
Forward P/E 14.31
MBWM's Forward P/E is ranked lower than
65% of the 443 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.61 vs. MBWM: 14.31 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 13.84
MBWM's PE(NRI) is ranked lower than
54% of the 1537 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.86 vs. MBWM: 13.84 )
Ranked among companies with meaningful PE(NRI) only.
MBWM' s PE(NRI) Range Over the Past 10 Years
Min: 2.3  Med: 13.40 Max: 132.43
Current: 13.84
2.3
132.43
Price/Owner Earnings (ttm) 10.71
MBWM's Price/Owner Earnings (ttm) is ranked higher than
59% of the 851 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.62 vs. MBWM: 10.71 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
MBWM' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 1.92  Med: 10.41 Max: 124.12
Current: 10.71
1.92
124.12
P/B 1.19
MBWM's P/B is ranked lower than
60% of the 1759 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. MBWM: 1.19 )
Ranked among companies with meaningful P/B only.
MBWM' s P/B Range Over the Past 10 Years
Min: 0.16  Med: 0.99 Max: 2.29
Current: 1.19
0.16
2.29
P/S 3.43
MBWM's P/S is ranked lower than
60% of the 1761 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.94 vs. MBWM: 3.43 )
Ranked among companies with meaningful P/S only.
MBWM' s P/S Range Over the Past 10 Years
Min: 0.44  Med: 2.75 Max: 25.55
Current: 3.43
0.44
25.55
PFCF 15.27
MBWM's PFCF is ranked lower than
71% of the 918 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.16 vs. MBWM: 15.27 )
Ranked among companies with meaningful PFCF only.
MBWM' s PFCF Range Over the Past 10 Years
Min: 1.86  Med: 9.14 Max: 28.8
Current: 15.27
1.86
28.8
POCF 10.88
MBWM's POCF is ranked lower than
63% of the 1025 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.89 vs. MBWM: 10.88 )
Ranked among companies with meaningful POCF only.
MBWM' s POCF Range Over the Past 10 Years
Min: 1.84  Med: 8.52 Max: 19.25
Current: 10.88
1.84
19.25
EV-to-EBIT 10.81
MBWM's EV-to-EBIT is ranked higher than
61% of the 1650 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.90 vs. MBWM: 10.81 )
Ranked among companies with meaningful EV-to-EBIT only.
MBWM' s EV-to-EBIT Range Over the Past 10 Years
Min: -384.8  Med: 10.80 Max: 77.3
Current: 10.81
-384.8
77.3
EV-to-EBITDA 8.46
MBWM's EV-to-EBITDA is ranked higher than
70% of the 1649 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.75 vs. MBWM: 8.46 )
Ranked among companies with meaningful EV-to-EBITDA only.
MBWM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -61.8  Med: 9.80 Max: 71.7
Current: 8.46
-61.8
71.7
Shiller P/E 50.85
MBWM's Shiller P/E is ranked lower than
92% of the 491 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.16 vs. MBWM: 50.85 )
Ranked among companies with meaningful Shiller P/E only.
MBWM' s Shiller P/E Range Over the Past 10 Years
Min: 2.57  Med: 26.59 Max: 51.74
Current: 50.85
2.57
51.74

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.83
MBWM's Dividend Yield is ranked lower than
62% of the 2235 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.98 vs. MBWM: 1.83 )
Ranked among companies with meaningful Dividend Yield only.
MBWM' s Dividend Yield Range Over the Past 10 Years
Min: 0.11  Med: 2.13 Max: 8.51
Current: 1.83
0.11
8.51
Dividend Payout 0.25
MBWM's Dividend Payout is ranked higher than
67% of the 1294 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. MBWM: 0.25 )
Ranked among companies with meaningful Dividend Payout only.
MBWM' s Dividend Payout Range Over the Past 10 Years
Min: 0.15  Med: 0.23 Max: 14
Current: 0.25
0.15
14
Dividend Growth (3y) 86.10
MBWM's Dividend Growth (3y) is ranked higher than
96% of the 733 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.40 vs. MBWM: 86.10 )
Ranked among companies with meaningful Dividend Growth (3y) only.
MBWM' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: -73.80 Max: 255.7
Current: 86.1
0
255.7
Forward Dividend Yield 2.50
MBWM's Forward Dividend Yield is ranked lower than
64% of the 2109 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.21 vs. MBWM: 2.50 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 1.80
MBWM's Yield on cost (5-Year) is ranked lower than
67% of the 2505 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.58 vs. MBWM: 1.80 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MBWM' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.11  Med: 2.13 Max: 8.51
Current: 1.8
0.11
8.51
3-Year Average Share Buyback Ratio -23.40
MBWM's 3-Year Average Share Buyback Ratio is ranked lower than
90% of the 1042 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.00 vs. MBWM: -23.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MBWM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -33.3  Med: -0.80 Max: -0.3
Current: -23.4
-33.3
-0.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.44
MBWM's Price/Tangible Book is ranked lower than
66% of the 1747 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.12 vs. MBWM: 1.44 )
Ranked among companies with meaningful Price/Tangible Book only.
MBWM' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.18  Med: 1.23 Max: 2.15
Current: 1.44
0.18
2.15
Price/Projected FCF 0.84
MBWM's Price/Projected FCF is ranked lower than
66% of the 973 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.67 vs. MBWM: 0.84 )
Ranked among companies with meaningful Price/Projected FCF only.
MBWM' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.1  Med: 0.64 Max: 1.92
Current: 0.84
0.1
1.92
Price/Median PS Value 1.25
MBWM's Price/Median PS Value is ranked lower than
77% of the 1684 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.01 vs. MBWM: 1.25 )
Ranked among companies with meaningful Price/Median PS Value only.
MBWM' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.16  Med: 1.11 Max: 8.68
Current: 1.25
0.16
8.68
Price/Graham Number 0.97
MBWM's Price/Graham Number is ranked lower than
60% of the 1552 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.84 vs. MBWM: 0.97 )
Ranked among companies with meaningful Price/Graham Number only.
MBWM' s Price/Graham Number Range Over the Past 10 Years
Min: 0.25  Med: 0.92 Max: 1.69
Current: 0.97
0.25
1.69
Earnings Yield (Greenblatt) (%) 9.30
MBWM's Earnings Yield (Greenblatt) (%) is ranked higher than
64% of the 1803 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. MBWM: 9.30 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MBWM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.3  Med: 6.50 Max: 12.4
Current: 9.3
1.3
12.4
Forward Rate of Return (Yacktman) (%) -3.66
MBWM's Forward Rate of Return (Yacktman) (%) is ranked lower than
82% of the 844 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.22 vs. MBWM: -3.66 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
MBWM' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -5.1  Med: 14.70 Max: 62.2
Current: -3.66
-5.1
62.2

More Statistics

Revenue (TTM) (Mil) $123.7
EPS (TTM) $ 1.82
Beta0.68
Short Percentage of Float1.71%
52-Week Range $19.27 - 26.27
Shares Outstanding (Mil)16.24

Analyst Estimate

Dec16 Dec17
Revenue (Mil $)
EPS ($) 1.76 1.89
EPS w/o NRI ($) 1.76 1.89
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($) 0.66 0.68
» More Articles for MBWM

Headlines

Articles On GuruFocus.com
Banking on Michigan: More Than Just Automation Alley Aug 30 2013 
50 Top Stocks with the Highest Dividend Growth in October 2012 Oct 30 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 
Mercantile Bank Corp. Reports Operating Results (10-Q) Nov 06 2009 
Mercantile Bank Corp. Reports Operating Results (10-Q) Aug 07 2009 
Mercantile Bank Corp. Reports Operating Results (10-Q) May 06 2009 
Bank CEOs Are Buying: West Coast Bancorp (WCBO), ABC Bancorp (ABCB), Mercantile Bank Corp. (MBWM), a Jul 23 2007 

More From Other Websites
Mercantile Bank Corp. :MBWM-US: Earnings Analysis: Q2, 2016 By the Numbers : July 21, 2016 Jul 21 2016
Edited Transcript of MBWM earnings conference call or presentation 19-Jul-16 2:00pm GMT Jul 19 2016
Q2 2016 Mercantile Bank Corp Earnings Release - Before Market Open Jul 19 2016
MERCANTILE BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Change in... Jul 19 2016
Mercantile Bank posts 2Q profit Jul 19 2016
Mercantile Bank posts 2Q profit Jul 19 2016
Mercantile Bank Corporation Announces Retirement of President and CEO Michael Price and Planned... Jul 19 2016
Mercantile Bank Corporation Reports Strong Second Quarter 2016 Results Jul 19 2016
Mercantile Bank Corporation Increases Cash Dividend Jul 19 2016
Mercantile Bank Corp. breached its 50 day moving average in a Bullish Manner : MBWM-US : July 11,... Jul 11 2016
Mercantile Bank Corporation Announces Second Quarter 2016 Results Conference Call and Webcast Jul 01 2016
Mercantile Bank Corporation Announces Second Quarter 2016 Results Conference Call and Webcast Jul 01 2016
Mercantile Bank Corp. :MBWM-US: Earnings Analysis: Q1, 2016 By the Numbers : June 28, 2016 Jun 28 2016
Mercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : June 27,... Jun 27 2016
Mercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : June 16,... Jun 16 2016
MERCANTILE BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial... Jun 10 2016
MERCANTILE BANK CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders May 26 2016
ETF’s with exposure to Mercantile Bank Corp. : May 19, 2016 May 19 2016
Mercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : May 18,... May 18 2016
MERCANTILE BANK CORP Financials May 13 2016

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)