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MBWM Mercantile Bank

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  • 49.200
  • +1.210+2.52%
Close Jan 24 16:00 ET
  • 49.200
  • 0.0000.00%
Post 16:01 ET
794.40MMarket Cap9.98P/E (TTM)

Mercantile Bank Key Stats

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(FY)Dec 31, 2024
(Q4)Dec 31, 2024
(Q3)Sep 30, 2024
(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
Total revenue
2.56%231.48M
2.78%58.53M
-0.43%57.96M
2.82%56.75M
5.23%58.23M
18.58%225.69M
-2.51%56.95M
17.22%58.21M
31.21%55.2M
37.78%55.34M
Net interest income
-1.27%191.09M
-0.59%48.36M
-1.37%48.29M
-1.01%47.07M
-2.11%47.36M
22.31%193.55M
-3.97%48.65M
15.54%48.96M
38.53%47.55M
56.66%48.38M
-Net interest income
18.48%321.5M
11.77%82.49M
17.23%83.41M
19.66%78.88M
26.85%76.72M
49.23%271.36M
26.64%73.8M
47.84%71.15M
66.67%65.92M
68.57%60.49M
-Interest income from loans and lease
15.83%293.16M
7.09%73.76M
15.74%75.32M
17.44%72.82M
24.70%71.27M
51.70%253.11M
28.05%68.88M
48.54%65.07M
72.22%62.01M
71.89%57.15M
-Interest income from deposits
--12.31M
--3.94M
38.94%3.9M
204.12%2.44M
527.47%2.03M
----
----
73.27%2.81M
--801K
-11.48%324K
-Interest income from securities
26.21%16.03M
44.69%4.79M
28.20%4.2M
16.49%3.62M
13.77%3.42M
22.90%12.7M
16.58%3.31M
21.13%3.27M
23.01%3.11M
32.76%3.01M
-Other interest income
----
----
----
----
----
19.17%5.55M
----
----
----
----
-Total interest expense
67.60%130.42M
35.67%34.13M
58.26%35.12M
73.17%31.81M
142.65%29.36M
229.79%77.81M
230.06%25.15M
285.75%22.19M
251.59%18.37M
142.17%12.1M
-Interest expense for deposit
82.88%101.4M
41.33%26.87M
70.90%27.59M
99.61%24.71M
181.07%22.22M
452.40%55.44M
370.67%19.02M
602.17%16.14M
560.92%12.38M
333.26%7.91M
-Interest expense for short termdebt
171.06%7.72M
167.09%2.09M
220.20%2.22M
92.23%1.76M
260.35%1.65M
868.37%2.85M
453.90%781K
1,207.55%693K
1,765.31%914K
818.00%459K
-Interest expense for long term debt and capital securities
9.13%21.3M
-3.58%5.17M
-0.80%5.31M
5.24%5.34M
46.85%5.49M
47.18%19.52M
55.76%5.36M
57.48%5.36M
53.66%5.07M
19.63%3.74M
Non interest income
25.65%40.39M
22.54%10.17M
4.55%9.67M
26.63%9.68M
56.35%10.87M
0.21%32.14M
7.00%8.3M
27.01%9.25M
-1.24%7.65M
-25.07%6.95M
-Total premiums earned
70.33%2.56M
80.07%497K
6.40%449K
8.71%437K
192.27%1.17M
-10.61%1.5M
-25.00%276K
77.31%422K
-48.79%402K
39.72%401K
-Fees and commissions
29.41%31.02M
148.66%8.42M
6.68%8.44M
26.91%8.43M
36.37%8.23M
-4.15%23.97M
-1.80%3.39M
21.16%7.91M
2.70%6.65M
-29.56%6.04M
-Other non interest income
32.18%3.6M
-22.05%541K
-14.64%781K
35.62%811K
184.66%1.47M
43.35%2.73M
38.25%694K
87.89%915K
23.05%598K
21.75%515K
-Gain loss on sale of assets
-18.65%3.21M
--717K
----
----
----
13.13%3.95M
----
----
----
----
Credit losses provision
3.90%-7.4M
16.67%-1.5M
66.67%-1.1M
-75.00%-3.5M
-116.67%-1.3M
-17.56%-7.7M
40.98%-1.8M
-13.79%-3.3M
-300.00%-2M
-500.00%-600K
Non interest expense
9.11%125.79M
12.91%33.81M
11.70%32.3M
6.86%29.74M
4.70%29.94M
6.77%115.29M
5.07%29.94M
7.98%28.92M
3.29%27.83M
11.10%28.6M
Occupancy and equipment
-2.02%12.36M
-51.29%2.92M
-4.24%2.15M
5.82%2.22M
0.00%2.29M
5.33%12.61M
3.05%5.99M
11.99%2.24M
-30.51%2.1M
-24.65%2.29M
Selling and administrative expenses
7.30%77.92M
-3.33%21.48M
17.58%20.29M
8.82%17.91M
9.32%18.24M
7.10%72.62M
11.30%22.22M
3.61%17.26M
5.01%16.46M
7.56%16.68M
-General and administrative expense
9.66%77.92M
3.99%21.48M
17.58%20.29M
8.82%17.91M
9.32%18.24M
7.08%71.06M
11.54%20.66M
3.61%17.26M
5.01%16.46M
7.56%16.68M
-Selling and marketing expense
----
----
----
----
----
8.30%1.57M
----
----
----
----
Depreciation amortization depletion
----
----
4.92%938K
5.13%923K
13.02%929K
----
----
-6.19%894K
--878K
--822K
-Depreciation and amortization
----
----
4.92%938K
5.13%923K
13.02%929K
----
----
-6.19%894K
--878K
--822K
Other non-interest expense
18.15%35.51M
117.50%9.41M
4.69%8.93M
3.44%8.68M
-3.60%8.49M
6.58%30.05M
-21.94%4.33M
18.88%8.53M
1.76%8.39M
22.41%8.81M
Income from associates and other participating interests
Special income (charges)
0
Gain on sale of business
----
----
----
----
----
--0
----
----
----
----
Other non-operating income (expenses)
Income before tax
-4.30%98.29M
-7.86%23.23M
-5.51%24.56M
-7.30%23.52M
3.25%26.99M
35.50%102.7M
-6.19%25.21M
30.11%25.99M
73.45%25.37M
82.51%26.14M
Income tax
-8.73%18.69M
-30.47%3.6M
-3.78%4.94M
-5.59%4.73M
5.06%5.42M
39.08%20.48M
2.19%5.18M
30.15%5.13M
73.48%5.01M
82.53%5.16M
Earnings from equity interest net of tax
Net income
-3.19%79.59M
-2.02%19.63M
-5.93%19.62M
-7.72%18.79M
2.80%21.56M
34.64%82.22M
-8.13%20.03M
30.10%20.86M
73.44%20.36M
82.51%20.97M
Net Income continuous operations
-3.19%79.59M
-2.02%19.63M
-5.93%19.62M
-7.72%18.79M
2.80%21.56M
34.64%82.22M
-8.13%20.03M
30.10%20.86M
73.44%20.36M
82.51%20.97M
Minority interest income
Net income attributable to the parent company
-3.19%79.59M
-2.02%19.63M
-5.93%19.62M
-7.72%18.79M
2.80%21.56M
34.64%82.22M
-8.13%20.03M
30.10%20.86M
73.44%20.36M
82.51%20.97M
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders
-3.19%79.59M
-2.02%19.63M
-5.93%19.62M
-7.72%18.79M
2.80%21.56M
34.64%82.22M
-8.13%20.03M
30.10%20.86M
73.44%20.36M
82.51%20.97M
Basic earnings per share
-3.90%4.93
-2.40%1.22
-6.15%1.22
-7.87%1.17
2.29%1.34
33.25%5.13
-8.76%1.25
28.71%1.3
71.62%1.27
79.45%1.31
Diluted earnings per share
-3.90%4.93
-2.40%1.22
-6.15%1.22
-7.87%1.17
2.29%1.34
33.25%5.13
-8.76%1.25
28.71%1.3
71.62%1.27
79.45%1.31
Dividend per share
5.97%1.42
5.88%0.36
5.88%0.36
6.06%0.35
6.06%0.35
6.35%1.34
6.25%0.34
6.25%0.34
6.45%0.33
6.45%0.33
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
(FY)Dec 31, 2024(Q4)Dec 31, 2024(Q3)Sep 30, 2024(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
Total revenue 2.56%231.48M2.78%58.53M-0.43%57.96M2.82%56.75M5.23%58.23M18.58%225.69M-2.51%56.95M17.22%58.21M31.21%55.2M37.78%55.34M
Net interest income -1.27%191.09M-0.59%48.36M-1.37%48.29M-1.01%47.07M-2.11%47.36M22.31%193.55M-3.97%48.65M15.54%48.96M38.53%47.55M56.66%48.38M
-Net interest income 18.48%321.5M11.77%82.49M17.23%83.41M19.66%78.88M26.85%76.72M49.23%271.36M26.64%73.8M47.84%71.15M66.67%65.92M68.57%60.49M
-Interest income from loans and lease 15.83%293.16M7.09%73.76M15.74%75.32M17.44%72.82M24.70%71.27M51.70%253.11M28.05%68.88M48.54%65.07M72.22%62.01M71.89%57.15M
-Interest income from deposits --12.31M--3.94M38.94%3.9M204.12%2.44M527.47%2.03M--------73.27%2.81M--801K-11.48%324K
-Interest income from securities 26.21%16.03M44.69%4.79M28.20%4.2M16.49%3.62M13.77%3.42M22.90%12.7M16.58%3.31M21.13%3.27M23.01%3.11M32.76%3.01M
-Other interest income --------------------19.17%5.55M----------------
-Total interest expense 67.60%130.42M35.67%34.13M58.26%35.12M73.17%31.81M142.65%29.36M229.79%77.81M230.06%25.15M285.75%22.19M251.59%18.37M142.17%12.1M
-Interest expense for deposit 82.88%101.4M41.33%26.87M70.90%27.59M99.61%24.71M181.07%22.22M452.40%55.44M370.67%19.02M602.17%16.14M560.92%12.38M333.26%7.91M
-Interest expense for short termdebt 171.06%7.72M167.09%2.09M220.20%2.22M92.23%1.76M260.35%1.65M868.37%2.85M453.90%781K1,207.55%693K1,765.31%914K818.00%459K
-Interest expense for long term debt and capital securities 9.13%21.3M-3.58%5.17M-0.80%5.31M5.24%5.34M46.85%5.49M47.18%19.52M55.76%5.36M57.48%5.36M53.66%5.07M19.63%3.74M
Non interest income 25.65%40.39M22.54%10.17M4.55%9.67M26.63%9.68M56.35%10.87M0.21%32.14M7.00%8.3M27.01%9.25M-1.24%7.65M-25.07%6.95M
-Total premiums earned 70.33%2.56M80.07%497K6.40%449K8.71%437K192.27%1.17M-10.61%1.5M-25.00%276K77.31%422K-48.79%402K39.72%401K
-Fees and commissions 29.41%31.02M148.66%8.42M6.68%8.44M26.91%8.43M36.37%8.23M-4.15%23.97M-1.80%3.39M21.16%7.91M2.70%6.65M-29.56%6.04M
-Other non interest income 32.18%3.6M-22.05%541K-14.64%781K35.62%811K184.66%1.47M43.35%2.73M38.25%694K87.89%915K23.05%598K21.75%515K
-Gain loss on sale of assets -18.65%3.21M--717K------------13.13%3.95M----------------
Credit losses provision 3.90%-7.4M16.67%-1.5M66.67%-1.1M-75.00%-3.5M-116.67%-1.3M-17.56%-7.7M40.98%-1.8M-13.79%-3.3M-300.00%-2M-500.00%-600K
Non interest expense 9.11%125.79M12.91%33.81M11.70%32.3M6.86%29.74M4.70%29.94M6.77%115.29M5.07%29.94M7.98%28.92M3.29%27.83M11.10%28.6M
Occupancy and equipment -2.02%12.36M-51.29%2.92M-4.24%2.15M5.82%2.22M0.00%2.29M5.33%12.61M3.05%5.99M11.99%2.24M-30.51%2.1M-24.65%2.29M
Selling and administrative expenses 7.30%77.92M-3.33%21.48M17.58%20.29M8.82%17.91M9.32%18.24M7.10%72.62M11.30%22.22M3.61%17.26M5.01%16.46M7.56%16.68M
-General and administrative expense 9.66%77.92M3.99%21.48M17.58%20.29M8.82%17.91M9.32%18.24M7.08%71.06M11.54%20.66M3.61%17.26M5.01%16.46M7.56%16.68M
-Selling and marketing expense --------------------8.30%1.57M----------------
Depreciation amortization depletion --------4.92%938K5.13%923K13.02%929K---------6.19%894K--878K--822K
-Depreciation and amortization --------4.92%938K5.13%923K13.02%929K---------6.19%894K--878K--822K
Other non-interest expense 18.15%35.51M117.50%9.41M4.69%8.93M3.44%8.68M-3.60%8.49M6.58%30.05M-21.94%4.33M18.88%8.53M1.76%8.39M22.41%8.81M
Income from associates and other participating interests
Special income (charges) 0
Gain on sale of business ----------------------0----------------
Other non-operating income (expenses)
Income before tax -4.30%98.29M-7.86%23.23M-5.51%24.56M-7.30%23.52M3.25%26.99M35.50%102.7M-6.19%25.21M30.11%25.99M73.45%25.37M82.51%26.14M
Income tax -8.73%18.69M-30.47%3.6M-3.78%4.94M-5.59%4.73M5.06%5.42M39.08%20.48M2.19%5.18M30.15%5.13M73.48%5.01M82.53%5.16M
Earnings from equity interest net of tax
Net income -3.19%79.59M-2.02%19.63M-5.93%19.62M-7.72%18.79M2.80%21.56M34.64%82.22M-8.13%20.03M30.10%20.86M73.44%20.36M82.51%20.97M
Net Income continuous operations -3.19%79.59M-2.02%19.63M-5.93%19.62M-7.72%18.79M2.80%21.56M34.64%82.22M-8.13%20.03M30.10%20.86M73.44%20.36M82.51%20.97M
Minority interest income
Net income attributable to the parent company -3.19%79.59M-2.02%19.63M-5.93%19.62M-7.72%18.79M2.80%21.56M34.64%82.22M-8.13%20.03M30.10%20.86M73.44%20.36M82.51%20.97M
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders -3.19%79.59M-2.02%19.63M-5.93%19.62M-7.72%18.79M2.80%21.56M34.64%82.22M-8.13%20.03M30.10%20.86M73.44%20.36M82.51%20.97M
Basic earnings per share -3.90%4.93-2.40%1.22-6.15%1.22-7.87%1.172.29%1.3433.25%5.13-8.76%1.2528.71%1.371.62%1.2779.45%1.31
Diluted earnings per share -3.90%4.93-2.40%1.22-6.15%1.22-7.87%1.172.29%1.3433.25%5.13-8.76%1.2528.71%1.371.62%1.2779.45%1.31
Dividend per share 5.97%1.425.88%0.365.88%0.366.06%0.356.06%0.356.35%1.346.25%0.346.25%0.346.45%0.336.45%0.33
Currency Unit USDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Accounting Standards US-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAP

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