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About the company
Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.
- Revenue in USD (TTM)271.36m
- Net income in USD82.22m
- Incorporated1997
- Employees631.00
- LocationMercantile Bank Corp310 Leonard St NWGRAND RAPIDS 49504United StatesUSA
- Phone+1 (616) 406-3000
- Fax+1 (616) 406-3737
- Websitehttps://ir.mercbank.com/
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Horizon Bancorp Inc | 312.31m | 27.98m | 561.09m | 818.00 | 19.94 | 0.7805 | 14.42 | 2.99 | 0.638 | 0.638 | 4.29 | 16.30 | -- | -- | -- | -- | 0.3539 | 1.06 | -- | -- | -- | -- | 14.90 | 31.30 | -- | -- | -- | 35.78 | 32.31 | 13.45 | -70.04 | -12.03 | 17.76 | 10.60 |
Business First Bancshares Inc | 353.33m | 65.64m | 566.72m | 751.00 | 8.61 | 0.99 | 8.06 | 2.25 | 2.59 | 2.59 | 9.95 | 25.41 | -- | -- | -- | -- | 1.13 | 1.08 | -- | -- | -- | -- | 28.22 | 25.39 | -- | -- | -- | 20.27 | 49.64 | 35.91 | 24.08 | 36.03 | 66.18 | 10.20 |
NB Bancorp Inc | 198.36m | 35.47m | 588.06m | 330.00 | 15.92 | 1.54 | 15.45 | 2.96 | 0.8652 | 0.8652 | 4.84 | 8.92 | -- | -- | -- | 646,127.10 | -- | -- | -- | -- | -- | -- | 17.88 | -- | -- | 1.68 | 0.9118 | -- | 30.79 | -- | 39.35 | -- | -- | -- |
Farmers And Merchants Bank of Long Beach | 415.52m | 70.01m | 591.05m | -- | 8.67 | 0.4374 | -- | 2.11 | 553.73 | 553.73 | 2,210.96 | 10,974.87 | -- | -- | -- | -- | 0.5812 | 0.9075 | -- | -- | -- | -- | 25.05 | 31.20 | -- | -- | -- | 14.95 | 22.11 | 9.75 | -35.77 | -3.95 | -- | 3.13 |
Hills Bancorporation | 170.92m | 38.18m | 600.91m | 474.00 | 15.88 | 1.17 | 14.84 | 4.22 | 4.16 | 4.16 | 15.53 | 56.39 | -- | -- | -- | -- | 0.9175 | 1.16 | -- | -- | -- | -- | 26.79 | 32.28 | -- | -- | -- | 20.07 | 30.39 | 7.55 | -20.06 | 0.755 | 6.53 | -- |
HBT Financial Inc | 229.00m | 65.81m | 607.23m | 844.00 | 9.29 | 1.24 | 8.48 | 2.67 | 2.06 | 2.06 | 7.15 | 15.44 | -- | -- | -- | -- | 1.41 | 1.43 | -- | -- | -- | -- | 28.99 | 31.95 | -- | -- | -- | 105.91 | 49.62 | 10.75 | 16.70 | 0.6214 | 13.61 | -- |
Univest Financial Corp | 371.73m | 71.10m | 609.47m | 979.00 | 8.58 | 0.7258 | 7.89 | 2.05 | 2.41 | 2.41 | 10.05 | 28.44 | -- | -- | -- | -- | 0.9479 | 1.12 | -- | -- | -- | -- | 23.96 | 26.79 | -- | -- | -- | 31.39 | 47.40 | 14.31 | -8.98 | 7.33 | 16.61 | 0.9806 |
Mercantile Bank Corp | 271.36m | 82.22m | 613.08m | 631.00 | 7.41 | 1.17 | 6.54 | 2.72 | 5.13 | 5.13 | 14.09 | 32.38 | -- | -- | -- | -- | 1.61 | 1.31 | -- | -- | -- | -- | 36.43 | 32.33 | -- | -- | -- | 31.26 | 49.23 | 13.83 | 34.64 | 14.36 | 1.14 | 7.58 |
Old Second Bancorp Inc | 291.97m | 91.73m | 617.36m | 834.00 | 6.82 | 1.07 | 6.26 | 2.16 | 2.02 | 2.02 | 6.30 | 12.92 | -- | -- | -- | -- | 1.58 | 1.12 | -- | -- | -- | -- | 32.06 | 26.41 | -- | -- | -- | 10.06 | 34.88 | 22.09 | 36.09 | 21.95 | 45.54 | -- |
Metrocity Bankshares Inc | 192.83m | 51.61m | 622.07m | 220.00 | 12.19 | 1.63 | 11.46 | 5.20 | 2.02 | 2.02 | 4.69 | 15.14 | -- | -- | -- | -- | 1.49 | 2.05 | -- | -- | -- | -- | 43.12 | 43.51 | -- | -- | -- | 25.74 | 30.98 | 21.48 | -17.55 | 4.54 | 11.55 | 13.63 |
First Community Bankshares Inc | 137.17m | 48.02m | 629.48m | 616.00 | 12.50 | 1.25 | 11.72 | 3.81 | 2.73 | 2.73 | 9.16 | 27.20 | -- | -- | -- | -- | 1.50 | 1.48 | -- | -- | -- | -- | 29.08 | 31.23 | -- | -- | -- | 41.07 | 19.98 | 6.89 | 2.91 | 6.73 | 1.66 | 8.26 |
First National Bank Alaska | 154.48m | 60.01m | 633.38m | 662.00 | 10.55 | 1.36 | -- | 3.51 | 18.95 | 18.95 | 56.91 | 146.77 | -- | -- | -- | -- | 1.08 | 1.20 | -- | -- | -- | -- | 33.30 | 33.94 | -- | -- | -- | 85.67 | 34.06 | 8.44 | 3.05 | 2.09 | -8.55 | 2.34 |
Great Southern Bancorp, Inc. | 296.84m | 67.80m | 634.13m | 1.13k | 9.66 | 1.12 | 8.22 | 2.84 | 5.60 | 5.60 | 18.44 | 48.44 | -- | -- | -- | -- | 1.18 | 1.31 | -- | -- | -- | -- | 30.36 | 32.03 | -- | -- | -- | 34.14 | 30.78 | 7.58 | -10.73 | 0.2051 | -4.76 | 7.39 |
Heritage Financial Corp | 284.47m | 61.76m | 664.34m | 764.00 | 10.94 | 0.7842 | -- | 2.72 | 1.75 | 1.75 | 6.93 | 24.44 | -- | -- | -- | -- | 0.8726 | 1.08 | -- | -- | -- | -- | 25.33 | 29.56 | -- | -- | -- | 42.00 | 25.06 | 7.36 | -24.57 | 3.17 | -14.91 | 7.26 |
Crossfirst Bankshares Inc | 435.15m | 66.26m | 675.54m | 453.00 | 10.13 | 0.9538 | 8.92 | 2.75 | 1.35 | 1.35 | 4.98 | 14.35 | -- | -- | -- | -- | 0.9537 | 0.8361 | -- | -- | -- | -- | 27.16 | 24.84 | -- | -- | -- | 0.00 | 75.10 | 22.64 | 7.56 | 30.52 | -26.88 | -- |
Holder | Shares | % Held |
---|---|---|
BlackRock Fund Advisorsas of 31 Dec 2023 | 1.28m | 7.99% |
Dimensional Fund Advisors LPas of 31 Dec 2023 | 1.15m | 7.19% |
The Vanguard Group, Inc.as of 31 Dec 2023 | 757.66k | 4.73% |
Renaissance Technologies LLCas of 31 Dec 2023 | 538.41k | 3.36% |
The Banc Funds Co LLCas of 31 Dec 2023 | 471.56k | 2.94% |
SSgA Funds Management, Inc.as of 31 Dec 2023 | 400.91k | 2.50% |
North Star Asset Management, Inc.as of 31 Dec 2023 | 362.31k | 2.26% |
Geode Capital Management LLCas of 31 Dec 2023 | 335.91k | 2.10% |
Tributary Capital Management LLCas of 31 Dec 2023 | 313.31k | 1.96% |
LSV Asset Managementas of 31 Dec 2023 | 212.68k | 1.33% |