Mercantile Bank Corp financial data

Symbol
MBWM on Nasdaq
Industry
State Commercial Banks
Location
310 Leonard Street Nw, Grand Rapids, MI
State of incorporation
Michigan
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 935 % -6.88%
Return On Equity 15.5 % -11.6%
Return On Assets 1.5 % -5.66%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 16.1M shares +0.75%
Common Stock, Shares, Outstanding 16.1M shares +0.75%
Entity Public Float 428M USD -12.1%
Common Stock, Value, Issued 298M USD +1.6%
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 102M USD +3.41%
Income Tax Expense (Benefit) 20.5M USD +6.67%
Net Income (Loss) Attributable to Parent 81.2M USD +2.61%
Earnings Per Share, Basic 5.06 USD/shares +2.02%
Earnings Per Share, Diluted 5.06 USD/shares +2.02%

Balance Sheet

Label TTM Value / Value Unit Change %
Property, Plant and Equipment, Net 50.2M USD -4.08%
Operating Lease, Right-of-Use Asset 4.9M USD
Goodwill 49.5M USD 0%
Assets 5.6B USD +9.05%
Liabilities 5.05B USD +8.42%
Accumulated Other Comprehensive Income (Loss), Net of Tax -53.2M USD +13.4%
Retained Earnings (Accumulated Deficit) 307M USD +24.1%
Stockholders' Equity Attributable to Parent 551M USD +15.1%
Liabilities and Equity 5.6B USD +9.05%

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 +0.75%
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 4.92M USD
Depreciation 6.2M USD +6.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 89.5M USD +37%
Lessee, Operating Lease, Liability, to be Paid 6.27M USD +32%
Property, Plant and Equipment, Gross 97M USD +3.83%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.07M USD +84.8%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.12M USD +11.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +17.2%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.34M USD +35%
Lessee, Operating Lease, Liability, to be Paid, Year Three 999K USD +109%
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 822K USD +89.4%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense 95.1M USD +210%