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Mercantile Bank (Mercantile Bank) EPS without NRI

: $5.13 (TTM As of Dec. 2023)
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Mercantile Bank's earnings per share without non-recurring items for the three months ended in Dec. 2023 was $1.27. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2023 was $5.13.

During the past 12 months, Mercantile Bank's average earnings per share (NRI) Growth Rate was 33.20% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 23.70% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 13.90% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 11.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Mercantile Bank's EPS without NRI or its related term are showing as below:

MBWM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -27.4   Med: 14.15   Max: 23.8
Current: 23.7

During the past 13 years, Mercantile Bank's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 23.80% per year. The lowest was -27.40% per year. And the median was 14.15% per year.

MBWM's 3-Year EPS without NRI Growth Rate is ranked better than
68.83% of 1293 companies
in the Banks industry
Industry Median: 12.7 vs MBWM: 23.70

Mercantile Bank's EPS (Diluted) for the three months ended in Dec. 2023 was $1.25. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $5.13.

Mercantile Bank's EPS (Basic) for the three months ended in Dec. 2023 was $1.25. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2023 was $5.13.


Mercantile Bank EPS without NRI Historical Data

The historical data trend for Mercantile Bank's EPS without NRI can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mercantile Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EPS without NRI
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.01 2.71 3.64 3.85 5.13

Mercantile Bank Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EPS without NRI Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.37 1.31 1.27 1.28 1.27

Competitive Comparison

For the Banks - Regional subindustry, Mercantile Bank's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mercantile Bank PE Ratio without NRI Distribution

For the Banks industry and Financial Services sector, Mercantile Bank's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Mercantile Bank's PE Ratio without NRI falls into.



Mercantile Bank EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mercantile Bank  (NAS:MBWM) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Mercantile Bank EPS without NRI Related Terms

Thank you for viewing the detailed overview of Mercantile Bank's EPS without NRI provided by GuruFocus.com. Please click on the following links to see related term pages.


Mercantile Bank (Mercantile Bank) Business Description

Traded in Other Exchanges
Address
310 Leonard Street NW, Grand Rapids, MI, USA, 49504
Mercantile Bank Corp operates as a bank holding company. The bank provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
Executives
Amy L Sparks director C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST., GRAND RAPIDS MI 49504
Michael H Price director, officer: President & COO MERCANTILE BANK CORP, 5650 BYRON CENTER SW, WYOMING MI 49509
David B Ramaker director 235 E. MAIN STREET, MIDLAND MI 48640
Robert T. Worthington officer: SENIOR V.P., GENERAL COUNSEL 310 LEONARD ST NW, GRAND RAPIDS MI 49504
Brett Hoover officer: SVP, Human Resources Director 310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Lonna Wiersma officer: SVP, Human Resources Director C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST., GRAND RAPIDS MI 49504
Michael S. Davenport director 310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Michelle Larabee Eldridge director 259 E. MICHIGAN AVE., SUITE 105, KALAMAZOO MI 49007
Edward B Grant director
Thomas R Sullivan director, officer: CHAIRMAN OF THE BOARD
Edward J Clark director C/O AMERICAN SEATING CO, 401 AMERICAN SEATING CENTER N.W., GRAND RAPIDS MI 49504-4499
Raymond E. Reitsma director 310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Jeff A Gardner director C/O FIRSTBANK CORPORATION, 311 WOODWORTH AVENUE, ALMA MI 48801
Samuel G Stone officer: EXECUTIVE VICE PRESIDENT
Robert B Kaminski officer: Senior VP & Secretary C/O MERCANTILE BANK CORP, 5650 BYRON CENTER AVENUE SW, WYOMING MI 49509