US Stock MarketDetailed Quotes

MBWM Mercantile Bank

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  • 36.770
  • -1.040-2.75%
Trading May 29 14:17 ET
592.76MMarket Cap7.13P/E (TTM)

Mercantile Bank Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(Q1)Mar 31, 2024
(FY)Dec 31, 2023
(Q4)Dec 31, 2023
(Q3)Sep 30, 2023
(Q2)Jun 30, 2023
(Q1)Mar 31, 2023
(FY)Dec 31, 2022
(Q4)Dec 31, 2022
(Q3)Sep 30, 2022
(Q2)Jun 30, 2022
Assets
Cash cash equivalents and federal funds sold
309.46%237.23M
34.89%130.53M
34.89%130.53M
-6.35%265.99M
-56.63%207.8M
-92.48%57.94M
-90.08%96.77M
-90.08%96.77M
-65.59%284.01M
-36.92%479.11M
-Cash and cash equivalents
309.46%237.23M
34.89%130.53M
34.89%130.53M
-6.35%265.99M
-56.63%207.8M
-92.48%57.94M
-90.08%96.77M
-90.08%96.77M
-65.59%284.01M
-36.92%479.11M
Net loan
9.12%4.28B
10.17%4.27B
10.17%4.27B
5.45%4.07B
8.60%4.02B
11.06%3.93B
12.92%3.88B
12.92%3.88B
16.03%3.86B
14.20%3.7B
-Gross loan
9.25%4.34B
10.26%4.32B
10.26%4.32B
5.63%4.11B
8.75%4.06B
11.17%3.97B
12.99%3.92B
12.99%3.92B
15.90%3.9B
14.05%3.74B
-Allowance for loans and lease losses
20.43%51.64M
18.15%49.91M
18.15%49.91M
22.72%48.01M
24.31%44.72M
21.97%42.88M
19.46%42.25M
19.46%42.25M
4.53%39.12M
0.17%35.97M
Securities and investments
-1.75%609.15M
2.35%617.09M
2.35%617.09M
1.60%592.31M
0.88%608.97M
2.36%619.97M
1.72%602.94M
1.72%602.94M
4.19%583M
19.27%603.64M
-Short term investments
-1.75%609.15M
2.35%617.09M
2.35%617.09M
1.60%592.31M
0.88%608.97M
2.36%619.97M
1.72%602.94M
1.72%602.94M
4.19%583M
19.27%603.64M
Federal home loan bank stock
21.40%21.51M
21.40%21.51M
21.40%21.51M
21.40%21.51M
21.40%21.51M
0.00%17.72M
-1.56%17.72M
-1.56%17.72M
-1.56%17.72M
-1.56%17.72M
Bank owned life insurance
5.44%85.53M
6.12%85.67M
6.12%85.67M
7.94%81.91M
7.71%81.5M
7.42%81.11M
7.29%80.73M
7.29%80.73M
4.00%75.88M
4.11%75.66M
Net PPE
-1.31%50.84M
-1.06%50.93M
-1.06%50.93M
0.22%52.23M
1.73%52.29M
-8.15%51.51M
-10.16%51.48M
-10.16%51.48M
-9.31%52.12M
-11.76%51.4M
-Gross PPE
4.86%96.09M
4.85%94.72M
4.85%94.72M
5.95%94.81M
6.48%93.39M
-3.08%91.64M
-4.15%90.34M
-4.15%90.34M
-3.69%89.48M
-5.43%87.71M
-Accumulated depreciation
-12.77%-45.26M
-12.68%-43.79M
-12.68%-43.79M
-13.94%-42.58M
-13.20%-41.1M
-4.29%-40.13M
-5.16%-38.86M
-5.16%-38.86M
-5.43%-37.37M
-5.27%-36.3M
Goodwill and other intangible assets
-0.85%49.47M
0.00%49.47M
0.00%49.47M
-1.05%49.69M
-1.21%49.76M
-1.36%49.9M
-2.66%49.47M
-2.66%49.47M
-1.66%50.21M
-1.81%50.37M
-Goodwill
0.00%49.47M
0.00%49.47M
0.00%49.47M
0.00%49.47M
0.00%49.47M
0.00%49.47M
0.00%49.47M
0.00%49.47M
0.00%49.47M
0.00%49.47M
-Other intangible assets
----
----
----
-71.39%212K
-67.67%291K
-61.87%424K
----
----
-53.37%741K
-50.74%900K
Other assets
39.68%127.46M
31.38%125.57M
31.38%125.57M
23.64%120.85M
21.07%96.69M
40.91%91.25M
76.12%95.58M
76.12%95.58M
73.11%97.74M
56.96%79.86M
Total assets
11.64%5.47B
9.86%5.35B
9.86%5.35B
4.67%5.25B
1.56%5.14B
-5.41%4.9B
-7.32%4.87B
-7.32%4.87B
1.06%5.02B
6.33%5.06B
Liabilities
Total deposits
11.39%4.01B
5.07%3.9B
5.07%3.9B
1.42%3.9B
-3.02%3.76B
-9.51%3.6B
-9.07%3.71B
-9.07%3.71B
-0.59%3.85B
5.52%3.87B
Federal funds purchased and securities sold under agreement to repurchase
-6.56%228.62M
18.21%229.73M
18.21%229.73M
-17.38%164.08M
7.93%219.46M
19.77%244.66M
-1.58%194.34M
-1.58%194.34M
12.94%198.61M
19.80%203.34M
Long term debt and capital lease obligation
13.61%585.96M
36.04%606.53M
36.04%606.53M
25.37%596.27M
21.37%606.01M
-0.65%515.75M
-10.09%445.85M
-10.09%445.85M
7.58%475.59M
12.99%499.31M
-Long term debt
13.61%585.96M
36.04%606.53M
36.04%606.53M
25.37%596.27M
21.37%606.01M
-0.65%515.75M
-10.09%445.85M
-10.09%445.85M
7.58%475.59M
12.99%499.31M
Other liabilities
52.60%106.93M
20.06%93.9M
20.06%93.9M
32.75%106.72M
44.49%76.63M
76.06%70.07M
217.36%78.21M
217.36%78.21M
218.77%80.39M
134.52%53.04M
Total liabilities
11.31%4.93B
9.02%4.83B
9.02%4.83B
3.63%4.77B
0.63%4.66B
-6.56%4.43B
-7.71%4.43B
-7.71%4.43B
1.96%4.6B
7.53%4.63B
Shareholders'equity
Share capital
1.56%296.07M
1.61%295.11M
1.61%295.11M
1.64%293.96M
1.63%292.91M
1.63%291.52M
1.64%290.44M
1.64%290.44M
1.47%289.22M
-1.72%288.2M
-common stock
1.56%296.07M
1.61%295.11M
1.61%295.11M
1.64%293.96M
1.63%292.91M
1.63%291.52M
1.64%290.44M
1.64%290.44M
1.47%289.22M
-1.72%288.2M
-Preferred stock
--0
--0
--0
--0
--0
--0
--0
--0
--0
--0
Retained earnings
26.46%293.55M
28.30%277.53M
28.30%277.53M
31.75%262.84M
31.23%247.31M
27.87%232.12M
23.94%216.31M
23.94%216.31M
19.08%199.51M
19.92%188.45M
Gains losses not affecting retained earnings
5.85%-52.98M
22.73%-50.49M
22.73%-50.49M
-1.55%-73.59M
-29.05%-61.52M
-76.43%-56.27M
-1,652.24%-65.34M
-1,652.24%-65.34M
-24,380.74%-72.46M
-3,265.21%-47.67M
Total stockholders'equity
14.82%536.64M
18.29%522.15M
18.29%522.15M
16.08%483.21M
11.59%478.7M
7.08%467.37M
-3.32%441.41M
-3.32%441.41M
-7.96%416.26M
-5.07%428.98M
Total equity
14.82%536.64M
18.29%522.15M
18.29%522.15M
16.08%483.21M
11.59%478.7M
7.08%467.37M
-3.32%441.41M
-3.32%441.41M
-7.96%416.26M
-5.07%428.98M
Currency Unit
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
Accounting Standards
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
Audit Opinions
--
Unqualified Opinion with Explanatory Notes
--
--
--
--
--
--
--
--
(Q1)Mar 31, 2024(FY)Dec 31, 2023(Q4)Dec 31, 2023(Q3)Sep 30, 2023(Q2)Jun 30, 2023(Q1)Mar 31, 2023(FY)Dec 31, 2022(Q4)Dec 31, 2022(Q3)Sep 30, 2022(Q2)Jun 30, 2022
Assets
Cash cash equivalents and federal funds sold 309.46%237.23M34.89%130.53M34.89%130.53M-6.35%265.99M-56.63%207.8M-92.48%57.94M-90.08%96.77M-90.08%96.77M-65.59%284.01M-36.92%479.11M
-Cash and cash equivalents 309.46%237.23M34.89%130.53M34.89%130.53M-6.35%265.99M-56.63%207.8M-92.48%57.94M-90.08%96.77M-90.08%96.77M-65.59%284.01M-36.92%479.11M
Net loan 9.12%4.28B10.17%4.27B10.17%4.27B5.45%4.07B8.60%4.02B11.06%3.93B12.92%3.88B12.92%3.88B16.03%3.86B14.20%3.7B
-Gross loan 9.25%4.34B10.26%4.32B10.26%4.32B5.63%4.11B8.75%4.06B11.17%3.97B12.99%3.92B12.99%3.92B15.90%3.9B14.05%3.74B
-Allowance for loans and lease losses 20.43%51.64M18.15%49.91M18.15%49.91M22.72%48.01M24.31%44.72M21.97%42.88M19.46%42.25M19.46%42.25M4.53%39.12M0.17%35.97M
Securities and investments -1.75%609.15M2.35%617.09M2.35%617.09M1.60%592.31M0.88%608.97M2.36%619.97M1.72%602.94M1.72%602.94M4.19%583M19.27%603.64M
-Short term investments -1.75%609.15M2.35%617.09M2.35%617.09M1.60%592.31M0.88%608.97M2.36%619.97M1.72%602.94M1.72%602.94M4.19%583M19.27%603.64M
Federal home loan bank stock 21.40%21.51M21.40%21.51M21.40%21.51M21.40%21.51M21.40%21.51M0.00%17.72M-1.56%17.72M-1.56%17.72M-1.56%17.72M-1.56%17.72M
Bank owned life insurance 5.44%85.53M6.12%85.67M6.12%85.67M7.94%81.91M7.71%81.5M7.42%81.11M7.29%80.73M7.29%80.73M4.00%75.88M4.11%75.66M
Net PPE -1.31%50.84M-1.06%50.93M-1.06%50.93M0.22%52.23M1.73%52.29M-8.15%51.51M-10.16%51.48M-10.16%51.48M-9.31%52.12M-11.76%51.4M
-Gross PPE 4.86%96.09M4.85%94.72M4.85%94.72M5.95%94.81M6.48%93.39M-3.08%91.64M-4.15%90.34M-4.15%90.34M-3.69%89.48M-5.43%87.71M
-Accumulated depreciation -12.77%-45.26M-12.68%-43.79M-12.68%-43.79M-13.94%-42.58M-13.20%-41.1M-4.29%-40.13M-5.16%-38.86M-5.16%-38.86M-5.43%-37.37M-5.27%-36.3M
Goodwill and other intangible assets -0.85%49.47M0.00%49.47M0.00%49.47M-1.05%49.69M-1.21%49.76M-1.36%49.9M-2.66%49.47M-2.66%49.47M-1.66%50.21M-1.81%50.37M
-Goodwill 0.00%49.47M0.00%49.47M0.00%49.47M0.00%49.47M0.00%49.47M0.00%49.47M0.00%49.47M0.00%49.47M0.00%49.47M0.00%49.47M
-Other intangible assets -------------71.39%212K-67.67%291K-61.87%424K---------53.37%741K-50.74%900K
Other assets 39.68%127.46M31.38%125.57M31.38%125.57M23.64%120.85M21.07%96.69M40.91%91.25M76.12%95.58M76.12%95.58M73.11%97.74M56.96%79.86M
Total assets 11.64%5.47B9.86%5.35B9.86%5.35B4.67%5.25B1.56%5.14B-5.41%4.9B-7.32%4.87B-7.32%4.87B1.06%5.02B6.33%5.06B
Liabilities
Total deposits 11.39%4.01B5.07%3.9B5.07%3.9B1.42%3.9B-3.02%3.76B-9.51%3.6B-9.07%3.71B-9.07%3.71B-0.59%3.85B5.52%3.87B
Federal funds purchased and securities sold under agreement to repurchase -6.56%228.62M18.21%229.73M18.21%229.73M-17.38%164.08M7.93%219.46M19.77%244.66M-1.58%194.34M-1.58%194.34M12.94%198.61M19.80%203.34M
Long term debt and capital lease obligation 13.61%585.96M36.04%606.53M36.04%606.53M25.37%596.27M21.37%606.01M-0.65%515.75M-10.09%445.85M-10.09%445.85M7.58%475.59M12.99%499.31M
-Long term debt 13.61%585.96M36.04%606.53M36.04%606.53M25.37%596.27M21.37%606.01M-0.65%515.75M-10.09%445.85M-10.09%445.85M7.58%475.59M12.99%499.31M
Other liabilities 52.60%106.93M20.06%93.9M20.06%93.9M32.75%106.72M44.49%76.63M76.06%70.07M217.36%78.21M217.36%78.21M218.77%80.39M134.52%53.04M
Total liabilities 11.31%4.93B9.02%4.83B9.02%4.83B3.63%4.77B0.63%4.66B-6.56%4.43B-7.71%4.43B-7.71%4.43B1.96%4.6B7.53%4.63B
Shareholders'equity
Share capital 1.56%296.07M1.61%295.11M1.61%295.11M1.64%293.96M1.63%292.91M1.63%291.52M1.64%290.44M1.64%290.44M1.47%289.22M-1.72%288.2M
-common stock 1.56%296.07M1.61%295.11M1.61%295.11M1.64%293.96M1.63%292.91M1.63%291.52M1.64%290.44M1.64%290.44M1.47%289.22M-1.72%288.2M
-Preferred stock --0--0--0--0--0--0--0--0--0--0
Retained earnings 26.46%293.55M28.30%277.53M28.30%277.53M31.75%262.84M31.23%247.31M27.87%232.12M23.94%216.31M23.94%216.31M19.08%199.51M19.92%188.45M
Gains losses not affecting retained earnings 5.85%-52.98M22.73%-50.49M22.73%-50.49M-1.55%-73.59M-29.05%-61.52M-76.43%-56.27M-1,652.24%-65.34M-1,652.24%-65.34M-24,380.74%-72.46M-3,265.21%-47.67M
Total stockholders'equity 14.82%536.64M18.29%522.15M18.29%522.15M16.08%483.21M11.59%478.7M7.08%467.37M-3.32%441.41M-3.32%441.41M-7.96%416.26M-5.07%428.98M
Total equity 14.82%536.64M18.29%522.15M18.29%522.15M16.08%483.21M11.59%478.7M7.08%467.37M-3.32%441.41M-3.32%441.41M-7.96%416.26M-5.07%428.98M
Currency Unit USDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Accounting Standards US-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAP
Audit Opinions --Unqualified Opinion with Explanatory Notes----------------

Analysis

Analyst Rating

No Data

Price Target

No Data

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