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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 1.10
MBWM's Cash to Debt is ranked higher than
73% of the 1560 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.49 vs. MBWM: 1.10 )
MBWM' s 10-Year Cash to Debt Range
Min: 0.05   Max: 1.78
Current: 1.1

0.05
1.78
Equity to Asset 0.11
MBWM's Equity to Asset is ranked higher than
78% of the 1990 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. MBWM: 0.11 )
MBWM' s 10-Year Equity to Asset Range
Min: 0.06   Max: 0.12
Current: 0.11

0.06
0.12
Interest Coverage 2.33
MBWM's Interest Coverage is ranked higher than
78% of the 1818 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.27 vs. MBWM: 2.33 )
MBWM' s 10-Year Interest Coverage Range
Min: 0.14   Max: 2.33
Current: 2.33

0.14
2.33
F-Score: 5
Z-Score: 0.15
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 : 6/10

vs
industry
vs
history
Operating margin (%) 27.43
MBWM's Operating margin (%) is ranked higher than
72% of the 2001 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 28.81 vs. MBWM: 27.43 )
MBWM' s 10-Year Operating margin (%) Range
Min: -100.52   Max: 46.25
Current: 27.43

-100.52
46.25
Net-margin (%) 22.01
MBWM's Net-margin (%) is ranked higher than
76% of the 2001 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.30 vs. MBWM: 22.01 )
MBWM' s 10-Year Net-margin (%) Range
Min: -88.45   Max: 64.06
Current: 22.01

-88.45
64.06
ROE (%) 7.38
MBWM's ROE (%) is ranked higher than
70% of the 2011 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.53 vs. MBWM: 7.38 )
MBWM' s 10-Year ROE (%) Range
Min: -33.13   Max: 25.77
Current: 7.38

-33.13
25.77
ROA (%) 0.81
MBWM's ROA (%) is ranked higher than
73% of the 2014 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.79 vs. MBWM: 0.81 )
MBWM' s 10-Year ROA (%) Range
Min: -2.53   Max: 2.45
Current: 0.81

-2.53
2.45
ROC (Joel Greenblatt) (%) 58.51
MBWM's ROC (Joel Greenblatt) (%) is ranked higher than
71% of the 1985 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 78.14 vs. MBWM: 58.51 )
MBWM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -150.27   Max: 137.14
Current: 58.51

-150.27
137.14
Revenue Growth (%) -6.90
MBWM's Revenue Growth (%) is ranked higher than
59% of the 1721 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. MBWM: -6.90 )
MBWM' s 10-Year Revenue Growth (%) Range
Min: -6.9   Max: 47.9
Current: -6.9

-6.9
47.9
» MBWM's 10-Y Financials

Financials


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

» Details

Guru Trades

Q4 2013

MBWM Guru Trades in Q4 2013

Jim Simons 430,313 sh (+6.55%)
» More
Q1 2014

MBWM Guru Trades in Q1 2014

Jim Simons 433,812 sh (+0.81%)
» More
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
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Arnold Schneider 2011-09-30 Sold Out 0.0116%$7.79 - $9.97 $ 19.19122%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 13.00
MBWM's P/E(ttm) is ranked higher than
84% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.30 vs. MBWM: 13.00 )
MBWM' s 10-Year P/E(ttm) Range
Min: 2.3   Max: 132.43
Current: 13

2.3
132.43
P/B 1.01
MBWM's P/B is ranked higher than
81% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.35 vs. MBWM: 1.01 )
MBWM' s 10-Year P/B Range
Min: 0.16   Max: 2.48
Current: 1.01

0.16
2.48
P/S 3.03
MBWM's P/S is ranked higher than
77% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.65 vs. MBWM: 3.03 )
MBWM' s 10-Year P/S Range
Min: 0.44   Max: 19.52
Current: 3.03

0.44
19.52
PFCF 24.29
MBWM's PFCF is ranked higher than
82% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. MBWM: 24.29 )
MBWM' s 10-Year PFCF Range
Min: 1.87   Max: 33.91
Current: 24.29

1.87
33.91
EV-to-EBIT 15.50
MBWM's EV-to-EBIT is ranked higher than
76% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 19.68 vs. MBWM: 15.50 )
MBWM' s 10-Year EV-to-EBIT Range
Min: -384.8   Max: 58.6
Current: 15.5

-384.8
58.6

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.50
MBWM's Dividend Yield is ranked higher than
55% of the 1869 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.25 vs. MBWM: 2.50 )
MBWM' s 10-Year Dividend Yield Range
Min: 0.52   Max: 8.51
Current: 2.5

0.52
8.51
Dividend Payout 0.34
MBWM's Dividend Payout is ranked higher than
75% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.59 vs. MBWM: 0.34 )
MBWM' s 10-Year Dividend Payout Range
Min: 0.15   Max: 12.73
Current: 0.34

0.15
12.73
Dividend growth (3y) 255.70
MBWM's Dividend growth (3y) is ranked higher than
100% of the 1121 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.60 vs. MBWM: 255.70 )
MBWM' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 255.7
Current: 255.7

0
255.7
Yield on cost (5-Year) 2.50
MBWM's Yield on cost (5-Year) is ranked lower than
51% of the 1882 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.50 vs. MBWM: 2.50 )
MBWM' s 10-Year Yield on cost (5-Year) Range
Min: 0.52   Max: 8.51
Current: 2.5

0.52
8.51
Share Buyback Rate -0.80
MBWM's Share Buyback Rate is ranked higher than
77% of the 1457 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.90 vs. MBWM: -0.80 )
MBWM' s 10-Year Share Buyback Rate Range
Min: 0.2   Max: -27.2
Current: -0.8

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.27
MBWM's Price/Tangible Book is ranked higher than
77% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.62 vs. MBWM: 1.27 )
MBWM' s 10-Year Price/Tangible Book Range
Min: 0.17   Max: 2.15
Current: 1.27

0.17
2.15
Price/DCF (Projected) 0.79
MBWM's Price/DCF (Projected) is ranked higher than
82% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.43 vs. MBWM: 0.79 )
MBWM' s 10-Year Price/DCF (Projected) Range
Min: 0.1   Max: 1.89
Current: 0.79

0.1
1.89
Price/Median PS Value 1.09
MBWM's Price/Median PS Value is ranked higher than
78% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.26 vs. MBWM: 1.09 )
MBWM' s 10-Year Price/Median PS Value Range
Min: 0.16   Max: 7.03
Current: 1.09

0.16
7.03
Price/Graham Number 1.06
MBWM's Price/Graham Number is ranked higher than
75% of the 2618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. MBWM: 1.06 )
MBWM' s 10-Year Price/Graham Number Range
Min: 0.23   Max: 1.48
Current: 1.06

0.23
1.48
Earnings Yield (Greenblatt) 6.50
MBWM's Earnings Yield (Greenblatt) is ranked higher than
72% of the 1962 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.70 vs. MBWM: 6.50 )
MBWM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.7   Max: 11.1
Current: 6.5

1.7
11.1
Forward Rate of Return (Yacktman) 6.83
MBWM's Forward Rate of Return (Yacktman) is ranked higher than
62% of the 1484 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.81 vs. MBWM: 6.83 )
MBWM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.2   Max: 60.3
Current: 6.83

2.2
60.3

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. The Company is a state banking company that operates under the laws of the State of Michigan, pursuant to a charter issued by the Michigan Office of Financial and Insurance Regulation. Its deposits are insured to the maximum extent permitted by law by the Federal Deposit Insurance Corporation (FDIC). The Company, through its seven offices provides commercial banking services mainly to small- to medium-sized businesses and retail banking services in and around the Grand Rapids, Holland and Lansing areas. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It owns eight automated teller machines, located at each of its seven office locations and one at an off-site location, that participate in the ACCEL/EXCHANGE and PLUS regional network systems, as well as other ATM networks throughout the country. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. The Company 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.
» More Articles for MBWM

Headlines

Articles On GuruFocus.com
Banking on Michigan: More Than Just Automation Alley Aug 30 2013 
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50 Top Stocks with the Highest Dividend Growth in October 2012 Oct 30 2012 
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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 

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