Mercantile Bank Corp financial data

Symbol
MBWM on Nasdaq
Industry
State Commercial Banks
Location
310 Leonard Street Nw, Grand Rapids, MI
State of incorporation
MI
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 1, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 919 % -6.04%
Return On Equity 14.6 % -18.8%
Return On Assets 1.43 % -13.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 16.1M shares +0.73%
Common Stock, Shares, Outstanding 16.1M shares +0.74%
Entity Public Float 428M USD -12.1%
Common Stock, Value, Issued 299M USD +1.61%
Weighted Average Number of Shares Outstanding, Basic 16.1M shares +0.75%
Weighted Average Number of Shares Outstanding, Diluted 16.1M shares +0.75%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 100M USD -3.93%
Income Tax Expense (Benefit) 20.3M USD -0.51%
Net Income (Loss) Attributable to Parent 80M USD -4.75%
Earnings Per Share, Basic 4.98 USD/shares -5.14%
Earnings Per Share, Diluted 4.98 USD/shares -5.14%

Balance Sheet

Label TTM Value / Value Unit Change %
Property, Plant and Equipment, Net 54.2M USD +3.83%
Operating Lease, Right-of-Use Asset 4.7M USD
Goodwill 49.5M USD 0%
Assets 5.92B USD +12.7%
Liabilities 5.33B USD +11.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax -36.1M USD +50.9%
Retained Earnings (Accumulated Deficit) 321M USD +22%
Stockholders' Equity Attributable to Parent 583M USD +20.7%
Liabilities and Equity 5.92B USD +12.7%

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 +0.74%
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
Deferred Tax Assets, Gross 26.8M USD -7.3%
Operating Lease, Liability 4.66M USD
Depreciation 6.2M USD +6.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 117M USD +41.8%
Lessee, Operating Lease, Liability, to be Paid 6.03M USD +17.2%
Property, Plant and Equipment, Gross 103M USD +8.15%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.08M USD +49.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.13M USD -6.28%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +16.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.37M USD +19.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.01M USD +65%
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 833K USD +50.6%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense 95.1M USD +210%