Mercantile Bank Corporation

Mercantile Bank Corporationverified

MBWM

Price:

$50.39

Market Cap:

$813.39M

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as ...[Read more]

Industry

Banks - Regional

IPO Date

1999-07-20

Stock Exchange

NASDAQ

Ticker

MBWM

The Enterprise Value as of November 2024 (TTM) for Mercantile Bank Corporation (MBWM) is 1.04B

According to Mercantile Bank Corporation’s latest financial reports and current stock price. The company's current Enterprise Value is 1.04B. This represents a change of -11.65% compared to the average of 1.18B of the last 4 quarters.

Mercantile Bank Corporation (MBWM) Historical Enterprise Value (quarterly & annually)

How has MBWM Enterprise Value performed in the past?

The mean historical Enterprise Value of Mercantile Bank Corporation over the last ten years is 593.64M. The current 1.04B Enterprise Value has changed 17.44% with respect to the historical average. Over the past ten years (40 quarters), MBWM's Enterprise Value was at its highest in in the December 2023 quarter at 1.36B. The Enterprise Value was at its lowest in in the December 2021 quarter at 70.57M.

Quarterly (TTM)
Annual

Average

593.64M

Median

649.36M

Minimum

80.75M

Maximum

1.19B

Mercantile Bank Corporation (MBWM) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Mercantile Bank Corporation Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 989.87%

Maximum Annual Enterprise Value = 1.19B

Minimum Annual Increase = -68.65%

Minimum Annual Enterprise Value = 80.75M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
20231.19B35.38%
2022880.07M989.87%
202180.75M-68.65%
2020257.58M-66.35%
2019765.45M-3.11%
2018789.98M21.86%
2017648.28M-0.33%
2016650.45M47.34%
2015441.45M91.14%
2014230.96M-4.73%

Mercantile Bank Corporation (MBWM) Average Enterprise Value

How has MBWM Enterprise Value performed in the past?

The current Enterprise Value of Mercantile Bank Corporation (MBWM) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

717.42M

5-year avg

635.06M

10-year avg

593.64M

Mercantile Bank Corporation (MBWM) Enterprise Value vs. Peers

How is MBWM’s Enterprise Value compared to its peers?

Mercantile Bank Corporation’s Enterprise Value is greater than Macatawa Bank Corporation (502.16M), less than Great Southern Bancorp, Inc. (1.08B), greater than The First Bancorp, Inc. (-34658225260.00), less than MidWestOne Financial Group, Inc. (1.15B), less than Lakeland Financial Corporation (1.87B),

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