Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
MBWM
BuyPremium GrowerMercantile Bank Corporation · Financial Services · United States · $1.0B · Avg Vol: $6M/d
COMPANY DESCRIPTION
Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan, providing a full range of commercial and retail banking services to businesses and individuals across West Michigan. The bank operates as a relationship-driven community bank, leveraging local decision-making and a strong understanding of the West Michigan economy. Mercantile Bank is a leading community bank in West Michigan, recognized for its strong commercial lending focus and commitment to fostering local economic growth.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 190.3M | 225.7M | 231.5M | 242.7M | 8.4% | 263.9M | 279.0M | 295.8M | 10.4% |
| EPS | 3.85 | 5.13 | 4.93 | 5.47 | 12.4% | 5.69 | 5.68 | 5.75 | 2.6% |
| Shares | 16.0M | 16.1M | 16.1M | 17.2M | +7.4% | 17.3M | — | — | — |
| Debt | 445.8M | 606.5M | 526.7M | 496.9M | 3.7% | 709.5M | — | — | — |
| Equity | 441.4M | 522.1M | 584.5M | 724.9M | 18.0% | — | — | — | — |
| Op CF | 119.9M | 66.6M | 101.1M | 18.0M | -46.9% | 72.3M | — | — | — |
| Inv CF | -555.0M | -395.9M | -425.4M | -105.7M | — | — | — | — | — |
| Fin CF | -443.3M | 363.1M | 586.8M | 168.0M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of MBWM are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| MBWM | Mercantile Bank Corporation(you) | $1.0B | 65 | Buy |
| CCNE | CNB Financial Corporation | $1.0B | 66 | Buy |
| FCBC | First Community Bankshares, Inc. | $925M | 65 | Buy |
| NBN | Northeast Bank | $1.1B | 67 | Buy |
| CPF | Central Pacific Financial Corp. | $974M | 67 | Buy |
| MCBS | MetroCity Bankshares, Inc. | $1.0B | 62 | Hold |
| SPFI | South Plains Financial, Inc. | $823M | 65 | Buy |
| PFBC | Preferred Bank | $1.2B | 63 | Hold |
| OSBC | Old Second Bancorp, Inc. | $1.3B | 66 | Buy |
| NBBK | NB Bancorp, Inc. | $984M | 60 | Hold |
Peer medians: ROE 9.5% · P/E 13.1x · Gross margin 100.0%