US Stock MarketDetailed Quotes

MBWM Mercantile Bank

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  • 36.790
  • -1.020-2.70%
Trading May 29 14:08 ET
593.08MMarket 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
Total revenue
5.23%58.23M
18.58%225.69M
-2.51%56.95M
17.22%58.21M
31.21%55.2M
37.78%55.34M
6.19%190.32M
29.33%58.42M
6.35%49.66M
-5.19%42.07M
Net interest income
-2.11%47.36M
22.31%193.55M
-3.97%48.65M
15.54%48.96M
38.53%47.55M
56.66%48.38M
27.55%158.24M
55.70%50.66M
36.15%42.38M
11.19%34.33M
-Net interest income
26.85%76.72M
49.23%271.36M
26.64%73.8M
47.84%71.15M
66.67%65.92M
68.57%60.49M
26.72%181.84M
57.31%58.28M
34.11%48.13M
10.56%39.55M
-Interest income from loans and lease
24.70%71.27M
51.70%253.11M
28.05%68.88M
48.54%65.07M
72.22%62.01M
71.89%57.15M
23.55%166.85M
55.37%53.79M
30.16%43.81M
6.55%36M
-Interest income from deposits
527.47%2.03M
----
----
73.27%2.81M
----
-11.48%324K
----
----
--1.62M
----
-Interest income from securities
13.77%3.42M
22.90%12.7M
16.58%3.31M
21.13%3.27M
23.01%3.11M
32.76%3.01M
37.59%10.34M
32.88%2.84M
39.21%2.7M
40.34%2.53M
-Other interest income
----
19.17%5.55M
----
----
-21.32%801K
----
398.82%4.65M
----
----
456.28%1.02M
-Total interest expense
142.65%29.36M
229.79%77.81M
230.06%25.15M
285.75%22.19M
251.59%18.37M
142.17%12.1M
21.42%23.6M
68.87%7.62M
20.76%5.75M
6.55%5.22M
-Interest expense for deposit
181.07%22.22M
452.40%55.44M
370.67%19.02M
602.17%16.14M
560.92%12.38M
333.26%7.91M
10.13%10.04M
116.39%4.04M
5.27%2.3M
-20.16%1.87M
-Interest expense for short termdebt
260.35%1.65M
868.37%2.85M
453.90%781K
1,207.55%693K
1,765.31%914K
818.00%459K
72.94%294K
193.75%141K
15.22%53K
22.50%49K
-Interest expense for long term debt and capital securities
46.85%5.49M
47.18%19.52M
55.76%5.36M
57.48%5.36M
53.66%5.07M
19.63%3.74M
30.71%13.26M
32.41%3.44M
34.21%3.4M
31.19%3.3M
Non interest income
56.35%10.87M
0.21%32.14M
7.00%8.3M
27.01%9.25M
-1.24%7.65M
-25.07%6.95M
-41.85%32.08M
-38.59%7.76M
-53.24%7.28M
-42.65%7.74M
-Total premiums earned
192.27%1.17M
-10.61%1.5M
-25.00%276K
77.31%422K
-48.79%402K
39.72%401K
44.16%1.68M
26.03%368K
-20.13%238K
164.31%785K
-Fees and commissions
36.37%8.23M
-4.15%23.97M
-1.80%3.39M
21.16%7.91M
2.70%6.65M
-29.56%6.04M
-43.63%25.01M
-25.50%3.45M
-53.95%6.53M
-49.15%6.47M
-Other non interest income
184.66%1.47M
43.35%2.73M
116.14%1.09M
7.60%524K
23.05%598K
21.75%515K
-31.32%1.9M
-41.08%502K
-55.53%487K
1.89%486K
-Gain loss on sale of assets
----
13.13%3.95M
3.31%3.56M
1,348.15%391K
----
----
-49.17%3.49M
--3.44M
--27K
----
Credit losses provision
-116.67%-1.3M
-17.56%-7.7M
40.98%-1.8M
-13.79%-3.3M
-300.00%-2M
-500.00%-600K
-252.33%-6.55M
-189.71%-3.05M
-52.63%-2.9M
-116.13%-500K
Non interest expense
4.70%29.94M
6.77%115.29M
5.07%29.94M
7.98%28.92M
3.29%27.83M
11.10%28.6M
-2.60%107.98M
-14.55%28.49M
2.19%26.78M
2.86%26.94M
Occupancy and equipment
0.00%2.29M
5.33%12.61M
3.05%5.99M
11.99%2.24M
-1.42%2.98M
-24.65%2.29M
1.99%11.98M
93.47%5.81M
-32.38%2M
4.86%3.02M
Selling and administrative expenses
9.32%18.24M
7.10%72.62M
11.30%22.22M
3.61%17.26M
5.01%16.46M
7.56%16.68M
-2.35%67.81M
42.12%19.97M
-11.03%16.66M
-17.36%15.68M
-General and administrative expense
9.32%18.24M
7.08%71.06M
11.54%20.66M
3.61%17.26M
5.01%16.46M
7.56%16.68M
-2.79%66.36M
43.86%18.52M
-11.03%16.66M
-17.36%15.68M
-Selling and marketing expense
----
8.30%1.57M
----
----
----
----
22.98%1.45M
----
----
----
Depreciation amortization depletion
13.02%929K
----
----
-6.19%894K
----
--822K
----
----
--953K
----
-Depreciation and amortization
13.02%929K
----
----
-6.19%894K
----
--822K
----
----
--953K
----
Other non-interest expense
-3.60%8.49M
6.58%30.05M
-21.94%4.33M
18.88%8.53M
1.76%8.39M
22.41%8.81M
-5.00%28.2M
-65.99%5.54M
58.34%7.17M
89.85%8.25M
Income from associates and other participating interests
Special income (charges)
0
0
Gain on sale of business
----
--0
----
----
----
----
--0
----
----
----
Other non-operating income (expenses)
Income before tax
3.25%26.99M
35.50%102.7M
-6.19%25.21M
30.11%25.99M
73.45%25.37M
82.51%26.14M
2.81%75.79M
76.55%26.87M
7.49%19.97M
-34.52%14.63M
Income tax
5.06%5.42M
39.08%20.48M
2.19%5.18M
30.15%5.13M
73.48%5.01M
82.53%5.16M
0.22%14.73M
41.52%5.07M
11.67%3.94M
-31.95%2.89M
Earnings from equity interest net of tax
Net income
2.80%21.56M
34.64%82.22M
-8.13%20.03M
30.10%20.86M
73.44%20.36M
82.51%20.97M
3.46%61.06M
87.33%21.8M
6.50%16.03M
-35.12%11.74M
Net Income continuous operations
2.80%21.56M
34.64%82.22M
-8.13%20.03M
30.10%20.86M
73.44%20.36M
82.51%20.97M
3.46%61.06M
87.33%21.8M
6.50%16.03M
-35.12%11.74M
Minority interest income
Net income attributable to the parent company
2.80%21.56M
34.64%82.22M
-8.13%20.03M
30.10%20.86M
73.44%20.36M
82.51%20.97M
3.46%61.06M
87.33%21.8M
6.50%16.03M
-35.12%11.74M
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders
2.80%21.56M
34.64%82.22M
-8.13%20.03M
30.10%20.86M
73.44%20.36M
82.51%20.97M
3.46%61.06M
87.33%21.8M
6.50%16.03M
-35.12%11.74M
Basic earnings per share
2.29%1.34
33.25%5.13
-8.76%1.25
28.71%1.3
71.62%1.27
79.45%1.31
4.34%3.85
85.14%1.37
6.32%1.01
-33.93%0.74
Diluted earnings per share
2.29%1.34
33.25%5.13
-8.76%1.25
28.71%1.3
71.62%1.27
79.45%1.31
4.34%3.85
85.14%1.37
6.32%1.01
-33.93%0.74
Dividend per share
6.06%0.35
6.35%1.34
6.25%0.34
6.25%0.34
6.45%0.33
6.45%0.33
6.78%1.26
6.67%0.32
6.67%0.32
6.90%0.31
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
Total revenue 5.23%58.23M18.58%225.69M-2.51%56.95M17.22%58.21M31.21%55.2M37.78%55.34M6.19%190.32M29.33%58.42M6.35%49.66M-5.19%42.07M
Net interest income -2.11%47.36M22.31%193.55M-3.97%48.65M15.54%48.96M38.53%47.55M56.66%48.38M27.55%158.24M55.70%50.66M36.15%42.38M11.19%34.33M
-Net interest income 26.85%76.72M49.23%271.36M26.64%73.8M47.84%71.15M66.67%65.92M68.57%60.49M26.72%181.84M57.31%58.28M34.11%48.13M10.56%39.55M
-Interest income from loans and lease 24.70%71.27M51.70%253.11M28.05%68.88M48.54%65.07M72.22%62.01M71.89%57.15M23.55%166.85M55.37%53.79M30.16%43.81M6.55%36M
-Interest income from deposits 527.47%2.03M--------73.27%2.81M-----11.48%324K----------1.62M----
-Interest income from securities 13.77%3.42M22.90%12.7M16.58%3.31M21.13%3.27M23.01%3.11M32.76%3.01M37.59%10.34M32.88%2.84M39.21%2.7M40.34%2.53M
-Other interest income ----19.17%5.55M---------21.32%801K----398.82%4.65M--------456.28%1.02M
-Total interest expense 142.65%29.36M229.79%77.81M230.06%25.15M285.75%22.19M251.59%18.37M142.17%12.1M21.42%23.6M68.87%7.62M20.76%5.75M6.55%5.22M
-Interest expense for deposit 181.07%22.22M452.40%55.44M370.67%19.02M602.17%16.14M560.92%12.38M333.26%7.91M10.13%10.04M116.39%4.04M5.27%2.3M-20.16%1.87M
-Interest expense for short termdebt 260.35%1.65M868.37%2.85M453.90%781K1,207.55%693K1,765.31%914K818.00%459K72.94%294K193.75%141K15.22%53K22.50%49K
-Interest expense for long term debt and capital securities 46.85%5.49M47.18%19.52M55.76%5.36M57.48%5.36M53.66%5.07M19.63%3.74M30.71%13.26M32.41%3.44M34.21%3.4M31.19%3.3M
Non interest income 56.35%10.87M0.21%32.14M7.00%8.3M27.01%9.25M-1.24%7.65M-25.07%6.95M-41.85%32.08M-38.59%7.76M-53.24%7.28M-42.65%7.74M
-Total premiums earned 192.27%1.17M-10.61%1.5M-25.00%276K77.31%422K-48.79%402K39.72%401K44.16%1.68M26.03%368K-20.13%238K164.31%785K
-Fees and commissions 36.37%8.23M-4.15%23.97M-1.80%3.39M21.16%7.91M2.70%6.65M-29.56%6.04M-43.63%25.01M-25.50%3.45M-53.95%6.53M-49.15%6.47M
-Other non interest income 184.66%1.47M43.35%2.73M116.14%1.09M7.60%524K23.05%598K21.75%515K-31.32%1.9M-41.08%502K-55.53%487K1.89%486K
-Gain loss on sale of assets ----13.13%3.95M3.31%3.56M1,348.15%391K---------49.17%3.49M--3.44M--27K----
Credit losses provision -116.67%-1.3M-17.56%-7.7M40.98%-1.8M-13.79%-3.3M-300.00%-2M-500.00%-600K-252.33%-6.55M-189.71%-3.05M-52.63%-2.9M-116.13%-500K
Non interest expense 4.70%29.94M6.77%115.29M5.07%29.94M7.98%28.92M3.29%27.83M11.10%28.6M-2.60%107.98M-14.55%28.49M2.19%26.78M2.86%26.94M
Occupancy and equipment 0.00%2.29M5.33%12.61M3.05%5.99M11.99%2.24M-1.42%2.98M-24.65%2.29M1.99%11.98M93.47%5.81M-32.38%2M4.86%3.02M
Selling and administrative expenses 9.32%18.24M7.10%72.62M11.30%22.22M3.61%17.26M5.01%16.46M7.56%16.68M-2.35%67.81M42.12%19.97M-11.03%16.66M-17.36%15.68M
-General and administrative expense 9.32%18.24M7.08%71.06M11.54%20.66M3.61%17.26M5.01%16.46M7.56%16.68M-2.79%66.36M43.86%18.52M-11.03%16.66M-17.36%15.68M
-Selling and marketing expense ----8.30%1.57M----------------22.98%1.45M------------
Depreciation amortization depletion 13.02%929K---------6.19%894K------822K----------953K----
-Depreciation and amortization 13.02%929K---------6.19%894K------822K----------953K----
Other non-interest expense -3.60%8.49M6.58%30.05M-21.94%4.33M18.88%8.53M1.76%8.39M22.41%8.81M-5.00%28.2M-65.99%5.54M58.34%7.17M89.85%8.25M
Income from associates and other participating interests
Special income (charges) 00
Gain on sale of business ------0------------------0------------
Other non-operating income (expenses)
Income before tax 3.25%26.99M35.50%102.7M-6.19%25.21M30.11%25.99M73.45%25.37M82.51%26.14M2.81%75.79M76.55%26.87M7.49%19.97M-34.52%14.63M
Income tax 5.06%5.42M39.08%20.48M2.19%5.18M30.15%5.13M73.48%5.01M82.53%5.16M0.22%14.73M41.52%5.07M11.67%3.94M-31.95%2.89M
Earnings from equity interest net of tax
Net income 2.80%21.56M34.64%82.22M-8.13%20.03M30.10%20.86M73.44%20.36M82.51%20.97M3.46%61.06M87.33%21.8M6.50%16.03M-35.12%11.74M
Net Income continuous operations 2.80%21.56M34.64%82.22M-8.13%20.03M30.10%20.86M73.44%20.36M82.51%20.97M3.46%61.06M87.33%21.8M6.50%16.03M-35.12%11.74M
Minority interest income
Net income attributable to the parent company 2.80%21.56M34.64%82.22M-8.13%20.03M30.10%20.86M73.44%20.36M82.51%20.97M3.46%61.06M87.33%21.8M6.50%16.03M-35.12%11.74M
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders 2.80%21.56M34.64%82.22M-8.13%20.03M30.10%20.86M73.44%20.36M82.51%20.97M3.46%61.06M87.33%21.8M6.50%16.03M-35.12%11.74M
Basic earnings per share 2.29%1.3433.25%5.13-8.76%1.2528.71%1.371.62%1.2779.45%1.314.34%3.8585.14%1.376.32%1.01-33.93%0.74
Diluted earnings per share 2.29%1.3433.25%5.13-8.76%1.2528.71%1.371.62%1.2779.45%1.314.34%3.8585.14%1.376.32%1.01-33.93%0.74
Dividend per share 6.06%0.356.35%1.346.25%0.346.25%0.346.45%0.336.45%0.336.78%1.266.67%0.326.67%0.326.90%0.31
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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