US Stock MarketDetailed Quotes

MBWM Mercantile Bank

Watchlist
  • 42.870
  • +1.100+2.63%
Close Aug 15 16:00 ET
  • 42.870
  • 0.0000.00%
Post 16:00 ET
691.82MMarket Cap8.49P/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
(Q2)Jun 30, 2024
(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
Assets
Cash cash equivalents and federal funds sold
-4.89%197.63M
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
-Cash and cash equivalents
-4.89%197.63M
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
Net loan
9.60%4.4B
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
-Gross loan
9.76%4.46B
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
-Allowance for loans and lease losses
23.90%55.41M
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
Securities and investments
6.39%647.91M
-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
-Short term investments
6.39%647.91M
-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
Federal home loan bank stock
0.00%21.51M
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
Bank owned life insurance
5.52%86M
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
Net PPE
-4.08%50.16M
-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
-Gross PPE
3.83%96.96M
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
-Accumulated depreciation
-13.89%-46.8M
-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
Goodwill and other intangible assets
-0.58%49.47M
-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
-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
Other assets
49.70%144.74M
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
Total assets
9.05%5.6B
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
Liabilities
Total deposits
10.38%4.15B
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
Federal funds purchased and securities sold under agreement to repurchase
1.11%221.9M
-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
Long term debt and capital lease obligation
-6.57%566.21M
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
-Long term debt
-6.57%566.21M
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
Other liabilities
52.10%116.55M
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
Total liabilities
8.42%5.05B
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
Shareholders'equity
Share capital
1.60%297.59M
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
-common stock
1.60%297.59M
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
-Preferred stock
--0
--0
--0
--0
--0
--0
--0
--0
--0
--0
Retained earnings
24.05%306.8M
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
Gains losses not affecting retained earnings
13.45%-53.24M
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
Total stockholders'equity
15.13%551.15M
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
Total equity
15.13%551.15M
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
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
--
--
--
--
--
--
--
(Q2)Jun 30, 2024(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
Assets
Cash cash equivalents and federal funds sold -4.89%197.63M309.46%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
-Cash and cash equivalents -4.89%197.63M309.46%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
Net loan 9.60%4.4B9.12%4.28B10.17%4.27B10.17%4.27B5.45%4.07B8.60%4.02B11.06%3.93B12.92%3.88B12.92%3.88B16.03%3.86B
-Gross loan 9.76%4.46B9.25%4.34B10.26%4.32B10.26%4.32B5.63%4.11B8.75%4.06B11.17%3.97B12.99%3.92B12.99%3.92B15.90%3.9B
-Allowance for loans and lease losses 23.90%55.41M20.43%51.64M18.15%49.91M18.15%49.91M22.72%48.01M24.31%44.72M21.97%42.88M19.46%42.25M19.46%42.25M4.53%39.12M
Securities and investments 6.39%647.91M-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%583M
-Short term investments 6.39%647.91M-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%583M
Federal home loan bank stock 0.00%21.51M21.40%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
Bank owned life insurance 5.52%86M5.44%85.53M6.12%85.67M6.12%85.67M7.94%81.91M7.71%81.5M7.42%81.11M7.29%80.73M7.29%80.73M4.00%75.88M
Net PPE -4.08%50.16M-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
-Gross PPE 3.83%96.96M4.86%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
-Accumulated depreciation -13.89%-46.8M-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
Goodwill and other intangible assets -0.58%49.47M-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
-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
Other assets 49.70%144.74M39.68%127.46M31.38%125.57M31.38%125.57M23.64%120.85M21.07%96.69M40.91%91.25M76.12%95.58M76.12%95.58M73.11%97.74M
Total assets 9.05%5.6B11.64%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%5.02B
Liabilities
Total deposits 10.38%4.15B11.39%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%3.85B
Federal funds purchased and securities sold under agreement to repurchase 1.11%221.9M-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%198.61M
Long term debt and capital lease obligation -6.57%566.21M13.61%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%475.59M
-Long term debt -6.57%566.21M13.61%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%475.59M
Other liabilities 52.10%116.55M52.60%106.93M20.06%93.9M20.06%93.9M32.75%106.72M44.49%76.63M76.06%70.07M217.36%78.21M217.36%78.21M218.77%80.39M
Total liabilities 8.42%5.05B11.31%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%4.6B
Shareholders'equity
Share capital 1.60%297.59M1.56%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
-common stock 1.60%297.59M1.56%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
-Preferred stock --0--0--0--0--0--0--0--0--0--0
Retained earnings 24.05%306.8M26.46%293.55M28.30%277.53M28.30%277.53M31.75%262.84M31.23%247.31M27.87%232.12M23.94%216.31M23.94%216.31M19.08%199.51M
Gains losses not affecting retained earnings 13.45%-53.24M5.85%-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
Total stockholders'equity 15.13%551.15M14.82%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
Total equity 15.13%551.15M14.82%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
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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