Mercantile Bank Corp

Mercantile Bank Corp

  • Price (USD)28.57
  • Today's Change2.10 / 7.93%
  • Shares traded40.76k
  • 1 Year change-11.90%
  • Beta1.0000
Data delayed at least 15 minutes, as of Jun 02 2023 21:00 BST.
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About the company

Mercantile Bank Corporation is the bank holding company for Mercantile Bank. Its bank is a state banking company. It 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 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. It offers a range of loans, such as home equity loans, personal loans, overdraft protection, and student loans.

  • Revenue in USD (TTM)206.44m
  • Net income in USD70.54m
  • Incorporated1997
  • Employees601.00
  • 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)
(YOY change %)
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
(5 yr growth rate)
Mid Penn Bancorp Inc178.19m54.68m421.34m580.006.970.74446.882.453.433.4310.7832.15--------1.180.9347--------31.8525.03------27.6134.2830.4286.9346.01-9.199.00
Cambridge Bancorp177.84m51.81m422.64m440.007.670.8036--
Arrow Financial Corporation129.65m48.80m428.91m512.006.790.937310.082.872.952.959.0121.36--------1.221.24--------32.7032.60------37.1812.208.90-2.1211.57--4.60
Camden National Corporation186.66m57.23m430.05m630.007.550.92487.002.313.903.9012.7131.87--------1.031.25--------30.7933.71------34.2016.374.89-10.977.53-5.1511.70
Central Pacific Financial Corp.246.58m70.68m434.25m735.006.220.92215.541.622.582.589.8117.44--------0.95380.9498--------26.3525.65------42.706.354.97-7.478.7323.078.24
Horizon Bancorp Inc255.75m88.07m434.54m852.004.890.61754.401.812.022.025.4815.95--------1.151.28--------36.7734.18------29.8321.6012.937.2521.3219.0414.14
Metrocity Bankshares Inc161.23m58.90m447.05m216.007.731.277.123.372.302.305.1914.04--------1.802.37--------44.3743.53------23.1735.3919.461.4614.56-16.8251.57
Mercantile Bank Corp206.44m70.54m457.10m601.006.440.97825.502.224.434.4312.9329.21--------1.401.23--------34.3330.86------38.7126.727.693.4613.37-11.0711.23
Midland States Bancorp Inc334.55m93.55m460.32m902.005.010.69484.331.404.174.1714.6935.08--------1.310.9266--------30.3721.59------41.0026.8914.5317.7135.99-10.917.71
Farmers National Banc Corp160.04m51.83m464.53m546.
Washington Trust Bancorp Inc224.69m67.83m466.84m651.
Amalgamated Bank292.96m88.65m474.57m375.005.430.915110.581.692.862.869.0316.94--------1.140.9392--------31.6125.68------15.0743.1913.2053.9132.38----
Luther Burbank Corp288.35m70.70m479.15m256.006.760.68836.502.831.391.393.3213.64--------0.90860.8645--------41.8239.99------27.9814.498.41-8.614.59-13.21--
Hanmi Financial Corp304.21m102.13m485.07m626.004.730.73284.301.743.363.369.1621.67--------1.451.10--------36.8629.19------36.8526.375.522.8911.6117.973.28
Heritage Commerce Corp.205.20m72.61m491.42m339.006.790.7596.442.441.191.193.2910.62--------1.321.06--------36.0629.22------59.9223.2112.0539.5316.563.835.39
Data as of Jun 02 2023. Currency figures normalised to Mercantile Bank Corp's reporting currency: US Dollar USD

Institutional shareholders

35.77%Per cent of shares held by top holders
HolderShares% Held
Dimensional Fund Advisors LPas of 31 Mar 20231.19m7.46%
BlackRock Fund Advisorsas of 31 Mar 20231.14m7.12%
The Vanguard Group, Inc.as of 31 Mar 2023766.61k4.79%
Renaissance Technologies LLCas of 31 Mar 2023547.31k3.42%
The Banc Funds Co LLCas of 31 Mar 2023493.16k3.08%
SSgA Funds Management, Inc.as of 31 Mar 2023392.72k2.46%
North Star Asset Management, Inc.as of 31 Mar 2023332.16k2.08%
Tributary Capital Management LLCas of 31 Mar 2023319.44k2.00%
Geode Capital Management LLCas of 31 Mar 2023293.18k1.83%
Stieven Capital Advisors LPas of 31 Mar 2023244.11k1.53%
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Data from 31 Mar 2023 - 31 Mar 2023Source: FactSet Research Systems Inc.
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