Mercantile Bank Corp financial data

Symbol
MBWM on Nasdaq
Industry
State Commercial Banks
Location
310 Leonard Street Nw, Grand Rapids, Michigan
State of incorporation
Michigan
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 3, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 950 % -7.93%
Return On Equity 16.4 % +1.87%
Return On Assets 1.56 % +9.85%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 16.1M shares +0.76%
Common Stock, Shares, Outstanding 16.1M shares +0.76%
Entity Public Float 428M USD -12.1%
Common Stock, Value, Issued 296M USD +1.56%
Weighted Average Number of Shares Outstanding, Basic 16.1M shares +0.77%
Weighted Average Number of Shares Outstanding, Diluted 16.1M shares +0.77%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 104M USD +18.2%
Income Tax Expense (Benefit) 20.7M USD +21.6%
Net Income (Loss) Attributable to Parent 82.8M USD +17.4%
Earnings Per Share, Basic 5.16 USD/shares +16.5%
Earnings Per Share, Diluted 5.16 USD/shares +16.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Property, Plant and Equipment, Net 50.8M USD -1.31%
Operating Lease, Right-of-Use Asset 4.7M USD
Goodwill 49.5M USD 0%
Assets 5.47B USD +11.6%
Liabilities 4.93B USD +11.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -53M USD +5.85%
Retained Earnings (Accumulated Deficit) 294M USD +26.5%
Stockholders' Equity Attributable to Parent 537M USD +14.8%
Liabilities and Equity 5.47B USD +11.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 40.2M USD +123%
Net Cash Provided by (Used in) Financing Activities 79.6M USD +33499%
Net Cash Provided by (Used in) Investing Activities -13.2M USD +77%
Common Stock, Shares Authorized 40M shares 0%
Common Stock, Shares, Issued 16.1M shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 107M USD
Interest Paid, Excluding Capitalized Interest, Operating Activities 28.3M USD +139%
Deferred Tax Assets, Valuation Allowance 0 USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 26.8M USD -7.3%
Operating Lease, Liability 4.68M USD
Depreciation 6.1M USD +3.39%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 86.1M USD +86.5%
Lessee, Operating Lease, Liability, to be Paid 5.97M USD +18.4%
Property, Plant and Equipment, Gross 96.1M USD +4.86%
Lessee, Operating Lease, Liability, to be Paid, Year Two 950K USD -6.13%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.01M USD +11.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +17.3%
Deferred Income Tax Expense (Benefit) -2.04M USD -50.5%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.3M USD +11%
Lessee, Operating Lease, Liability, to be Paid, Year Three 878K USD +51.9%
Deferred Federal Income Tax Expense (Benefit) -2.04M USD -50.5%
Current Income Tax Expense (Benefit) 22.5M USD +40%
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 697K USD +45.5%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense 95.1M USD +210%