Equities

Mercantile Bank Corp

Mercantile Bank Corp

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FinancialsBanks
  • Price (USD)38.10
  • Today's Change0.055 / 0.14%
  • Shares traded16.92k
  • 1 Year change+25.39%
  • Beta0.9842
Data delayed at least 15 minutes, as of Mar 28 2024 17:54 BST.
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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
  • Location
    Mercantile Bank Corp310 Leonard St NWGRAND RAPIDS 49504United StatesUSA
  • Phone+1 (616) 406-3000
  • Fax+1 (616) 406-3737
  • Websitehttps://ir.mercbank.com/
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/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 Inc312.31m27.98m561.09m818.0019.940.780514.422.990.6380.6384.2916.30--------0.35391.06--------14.9031.30------35.7832.3113.45-70.04-12.0317.7610.60
Business First Bancshares Inc353.33m65.64m566.72m751.008.610.998.062.252.592.599.9525.41--------1.131.08--------28.2225.39------20.2749.6435.9124.0836.0366.1810.20
NB Bancorp Inc198.36m35.47m588.06m330.0015.921.5415.452.960.86520.86524.848.92------646,127.10------------17.88----1.680.9118--30.79--39.35------
Farmers And Merchants Bank of Long Beach415.52m70.01m591.05m--8.670.4374--2.11553.73553.732,210.9610,974.87--------0.58120.9075--------25.0531.20------14.9522.119.75-35.77-3.95--3.13
Hills Bancorporation170.92m38.18m600.91m474.0015.881.1714.844.224.164.1615.5356.39--------0.91751.16--------26.7932.28------20.0730.397.55-20.060.7556.53--
HBT Financial Inc229.00m65.81m607.23m844.009.291.248.482.672.062.067.1515.44--------1.411.43--------28.9931.95------105.9149.6210.7516.700.621413.61--
Univest Financial Corp371.73m71.10m609.47m979.008.580.72587.892.052.412.4110.0528.44--------0.94791.12--------23.9626.79------31.3947.4014.31-8.987.3316.610.9806
Mercantile Bank Corp271.36m82.22m613.08m631.007.411.176.542.725.135.1314.0932.38--------1.611.31--------36.4332.33------31.2649.2313.8334.6414.361.147.58
Old Second Bancorp Inc291.97m91.73m617.36m834.006.821.076.262.162.022.026.3012.92--------1.581.12--------32.0626.41------10.0634.8822.0936.0921.9545.54--
Metrocity Bankshares Inc192.83m51.61m622.07m220.0012.191.6311.465.202.022.024.6915.14--------1.492.05--------43.1243.51------25.7430.9821.48-17.554.5411.5513.63
First Community Bankshares Inc137.17m48.02m629.48m616.0012.501.2511.723.812.732.739.1627.20--------1.501.48--------29.0831.23------41.0719.986.892.916.731.668.26
First National Bank Alaska154.48m60.01m633.38m662.0010.551.36--3.5118.9518.9556.91146.77--------1.081.20--------33.3033.94------85.6734.068.443.052.09-8.552.34
Great Southern Bancorp, Inc.296.84m67.80m634.13m1.13k9.661.128.222.845.605.6018.4448.44--------1.181.31--------30.3632.03------34.1430.787.58-10.730.2051-4.767.39
Heritage Financial Corp284.47m61.76m664.34m764.0010.940.7842--2.721.751.756.9324.44--------0.87261.08--------25.3329.56------42.0025.067.36-24.573.17-14.917.26
Crossfirst Bankshares Inc435.15m66.26m675.54m453.0010.130.95388.922.751.351.354.9814.35--------0.95370.8361--------27.1624.84------0.0075.1022.647.5630.52-26.88--
Data as of Mar 28 2024. Currency figures normalised to Mercantile Bank Corp's reporting currency: US Dollar USD

Institutional shareholders

36.35%Per cent of shares held by top holders
HolderShares% Held
BlackRock Fund Advisorsas of 31 Dec 20231.28m7.99%
Dimensional Fund Advisors LPas of 31 Dec 20231.15m7.19%
The Vanguard Group, Inc.as of 31 Dec 2023757.66k4.73%
Renaissance Technologies LLCas of 31 Dec 2023538.41k3.36%
The Banc Funds Co LLCas of 31 Dec 2023471.56k2.94%
SSgA Funds Management, Inc.as of 31 Dec 2023400.91k2.50%
North Star Asset Management, Inc.as of 31 Dec 2023362.31k2.26%
Geode Capital Management LLCas of 31 Dec 2023335.91k2.10%
Tributary Capital Management LLCas of 31 Dec 2023313.31k1.96%
LSV Asset Managementas of 31 Dec 2023212.68k1.33%
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
Data Provided by LSEG
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