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 0.41
MBWM's Cash to Debt is ranked higher than
61% of the 1259 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.42 vs. MBWM: 0.41 )
MBWM' s 10-Year Cash to Debt Range
Min: 0.05   Max: 1.78
Current: 0.41

0.05
1.78
Equity to Asset 0.11
MBWM's Equity to Asset is ranked higher than
79% of the 1649 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
79% of the 1447 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 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 (%) 46.25
MBWM's Operating margin (%) is ranked higher than
91% of the 1594 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 29.40 vs. MBWM: 46.25 )
MBWM' s 10-Year Operating margin (%) Range
Min: -100.52   Max: 46.25
Current: 46.25

-100.52
46.25
Net-margin (%) 31.35
MBWM's Net-margin (%) is ranked higher than
88% of the 1613 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.45 vs. MBWM: 31.35 )
MBWM' s 10-Year Net-margin (%) Range
Min: -88.45   Max: 64.06
Current: 31.35

-88.45
64.06
ROE (%) 11.11
MBWM's ROE (%) is ranked higher than
86% of the 1615 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.13 vs. MBWM: 11.11 )
MBWM' s 10-Year ROE (%) Range
Min: -37.18   Max: 22.72
Current: 11.11

-37.18
22.72
ROA (%) 1.19
MBWM's ROA (%) is ranked higher than
89% of the 1616 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.75 vs. MBWM: 1.19 )
MBWM' s 10-Year ROA (%) Range
Min: -2.73   Max: 2.62
Current: 1.19

-2.73
2.62
ROC (Joel Greenblatt) (%) 100.91
MBWM's ROC (Joel Greenblatt) (%) is ranked higher than
81% of the 1569 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 73.85 vs. MBWM: 100.91 )
MBWM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -156.98   Max: 100.91
Current: 100.91

-156.98
100.91
Revenue Growth (%) -6.90
MBWM's Revenue Growth (%) is ranked higher than
58% of the 1443 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 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

Q2 2013

MBWM Guru Trades in Q2 2013

Jim Simons 368,459 sh (+5.92%)
» More
Q3 2013

MBWM Guru Trades in Q3 2013

Jim Simons 403,860 sh (+9.61%)
» More
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
» 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 Insider Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 10.40
MBWM's P/E(ttm) is ranked higher than
88% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.40 vs. MBWM: 10.40 )
MBWM' s 10-Year P/E(ttm) Range
Min: 2.3   Max: 132.43
Current: 10.4

2.3
132.43
P/B 1.10
MBWM's P/B is ranked higher than
75% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.15 vs. MBWM: 1.10 )
MBWM' s 10-Year P/B Range
Min: 0.16   Max: 2.48
Current: 1.1

0.16
2.48
P/S 3.20
MBWM's P/S is ranked higher than
69% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.10 vs. MBWM: 3.20 )
MBWM' s 10-Year P/S Range
Min: 0.44   Max: 19.52
Current: 3.2

0.44
19.52
PFCF 6.70
MBWM's PFCF is ranked higher than
84% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 26.04 vs. MBWM: 6.70 )
MBWM' s 10-Year PFCF Range
Min: 1.88   Max: 21.26
Current: 6.7

1.88
21.26
EV-to-EBIT 10.50
MBWM's EV-to-EBIT is ranked higher than
86% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 18.36 vs. MBWM: 10.50 )
MBWM' s 10-Year EV-to-EBIT Range
Min: 9   Max: 58.6
Current: 10.5

9
58.6

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.50
MBWM's Dividend Yield is ranked higher than
52% of the 1405 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.43 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 0.25
MBWM's Dividend Payout is ranked higher than
88% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. MBWM: 0.25 )
MBWM' s 10-Year Dividend Payout Range
Min: 0.15   Max: 12.73
Current: 0.25

0.15
12.73
Dividend growth (3y) 255.70
MBWM's Dividend growth (3y) is ranked higher than
100% of the 962 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.70 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
52% of the 1367 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.63 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 1242 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 1.10
MBWM's Price/Tangible Book is ranked higher than
79% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.35 vs. MBWM: 1.10 )
MBWM' s 10-Year Price/Tangible Book Range
Min: 0.17   Max: 2.15
Current: 1.1

0.17
2.15
Price/DCF (Projected) 0.60
MBWM's Price/DCF (Projected) is ranked higher than
86% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.48 vs. MBWM: 0.60 )
MBWM' s 10-Year Price/DCF (Projected) Range
Min: 0.08   Max: 1.63
Current: 0.6

0.08
1.63
Price/Median PS Value 1.10
MBWM's Price/Median PS Value is ranked higher than
68% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.11 vs. MBWM: 1.10 )
MBWM' s 10-Year Price/Median PS Value Range
Min: 0.16   Max: 7.04
Current: 1.1

0.16
7.04
Price/Graham Number 0.70
MBWM's Price/Graham Number is ranked higher than
86% of the 1833 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.05 vs. MBWM: 0.70 )
MBWM' s 10-Year Price/Graham Number Range
Min: 0.23   Max: 1.48
Current: 0.7

0.23
1.48
Earnings Yield (Greenblatt) 9.60
MBWM's Earnings Yield (Greenblatt) is ranked higher than
82% of the 1588 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.90 vs. MBWM: 9.60 )
MBWM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.7   Max: 11.1
Current: 9.6

1.7
11.1
Forward Rate of Return (Yacktman) 7.04
MBWM's Forward Rate of Return (Yacktman) is ranked higher than
62% of the 1260 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.98 vs. MBWM: 7.04 )
MBWM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 7.1   Max: 31.7
Current: 7.04

7.1
31.7

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Mercantile Bank Corporation was organized on July 15, 1997, under the laws of the State of Michigan, mainly for the purpose of holding all of the stock of Mercantile Bank of Michigan (the bank), and of such other subsidiaries as it might acquire or establish. The Bank 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. The Bank's deposits are insured to the maximum extent permitted by law by the Federal Deposit Insurance Corporation (FDIC). The Bank's primary service area is the Kent and Ottawa County areas of West Michigan, which includes the City of Grand Rapids, the second largest city in the State of Michigan. The Bank 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. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It owns seven automated teller machines (ATM), located at each of its office locations, that participate in the MAC, NYCE and PLUS regional network systems, as well as other ATM networks throughout the country. The Bank also enables customers to conduct certain loan and deposit transactions by telephone and personal computer. Courier service is provided to certain commercial customers, and safe deposit facilities are available at each of its office locations. As a bank holding company under the Bank Holding Company Act, it is required to file an annual report with the Federal Reserve Board and such additional information as the Federal Reserve Board might require. It is also subject to examination by the Federal Reserve Board.
» More Articles for MBWM

Headlines

Articles On GuruFocus.com
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 
Mercantile Bank Corp. Reports Operating Results (10-Q) Nov 06 2009 

More From Other Websites
Q2 2014 Mercantile Bank Corporation Earnings Release - Before Market Open Jul 22 2014
MERCANTILE BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Jul 22 2014
Mercantile Bank Corporation Reports Second Quarter 2014 Results Jul 22 2014
Mercantile Bank Corporation Declares Dividend Jul 22 2014
Should You Sell Mercantile Bank (MBWM) Before Earnings? Jul 18 2014
Mercantile Bank Corporation Announces Second Quarter 2014 Results Conference Call and Webcast Jul 08 2014
MERCANTILE BANK CORP Files SEC form 8-K, Completion of Acquisition or Disposition of Assets,... Jun 02 2014
Mercantile Bank Corporation And Firstbank Corporation Complete Merger Jun 02 2014
MERCANTILE BANK CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a... May 28 2014
MERCANTILE BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial... May 22 2014
Mercantile Bank (MBWM) in Focus: Stock Tanks 10.7% May 21 2014
MERCANTILE BANK CORP Financials May 09 2014
MERCANTILE BANK CORP Files SEC form 8-K, Other Events May 09 2014
Mercantile Bank Corporation Declares Quarterly Dividend of $0.12 Per Common Share May 09 2014
Mercantile Bank declares special dividend of $2.00 per share May 09 2014
Mercantile Bank Corporation Declares Special Dividend of $2.00 Per Common Share May 09 2014
Mercantile Bank (MBWM) in Focus: Stock Moves 6.5% Higher May 09 2014
MERCANTILE BANK CORP Files SEC form 8-K, Regulation FD Disclosure, Other Events May 08 2014
Mercantile Bank and Firstbank merger receive full regulatory approval May 08 2014
Mercantile Bank Corporation and Firstbank Corporation Merger Receives Full Regulatory Approval for... May 08 2014

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Add Notes, Comments or Ask Questions

User Comments

No comment yet

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)
Free 7-day Trial
FEEDBACK
Email Hide