Mercantile Bank (Mercantile Bank) EPS (Basic)

: $5.13 (TTM As of Dec. 2023)

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

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 without NRI for the three months ended in Dec. 2023 was $1.27. Its EPS without NRIearnings 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 EPS without NRIGrowth Rate was 33.20% per year. During the past 3 years, the average EPS without NRI Growth Rate was 23.70% per year. During the past 5 years, the average EPS without NRI Growth Rate was 13.90% per year. During the past 10 years, the average EPS without 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 EPS without NRI data.

During the past 13 years, Mercantile Bank's highest 3-Year average EPS without NRI Growth Rate was 23.80% per year. The lowest was -27.40% per year. And the median was 14.15% per year.

Mercantile Bank EPS (Basic) Historical Data

The historical data trend for Mercantile Bank's EPS (Basic) 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 (Basic)

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3.01

2.71

3.69

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 (Basic)	Get a 7-Day Free Trial															1.37	1.31	1.27	1.30	1.25

Mercantile Bank EPS (Basic) Calculation

EPS (Basic) is a rough measurement of the amount of a company's profit that can be allocated to one share of its stock. Basic earnings per share (EPS) do not factor in the dilutive effects on convertible securities.

Mercantile Bank's Basic EPS for the fiscal year that ended in Dec. 2023 is calculated as

Basic EPS (A: Dec. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Basic Average)
	=	(82.217	-	0)	/	16.016
	=	5.13

Mercantile Bank's Basic EPS for the quarter that ended in Dec. 2023 is calculated as

Basic EPS (Q: Dec. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Basic Average)
	=	(20.03	-	0)	/	16.045
	=	1.25

EPS (Basic) 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

Mercantile Bank (NAS:MBWM) EPS (Basic) Explanation

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.

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 (Basic) Related Terms

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Mercantile Bank (Mercantile Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank Corp (NAS:MBWM) » Definitions » EPS (Basic)

Comparable Companies

Traded in Other Exchanges

MCS:Germany

Address

310 Leonard Street NW, Grand Rapids, MI, USA, 49504

Website

https://www.mercbank.com

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