Mercantile Bank Corporation

Mercantile Bank Corporationverified

MBWM

Price:

$41.78

Market Cap:

$674.23M

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 October 2024 (TTM) for Mercantile Bank Corporation (MBWM) is 1.27B

According to Mercantile Bank Corporation’s latest financial reports and current stock price. The company's current Enterprise Value is 1.27B. This represents a change of 10.25% compared to the average of 1.15B 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 610.11M. The current 1.27B Enterprise Value has changed 20.71% 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

610.11M

Median

649.36M

Minimum

80.75M

Maximum

1.36B

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 = 1.36B

Minimum Annual Increase = -68.65%

Minimum Annual Enterprise Value = 80.75M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
20231.36B54.09%
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

772.32M

5-year avg

667.99M

10-year avg

610.11M

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), greater than Great Southern Bancorp, Inc. (1.12B), greater than The First Bancorp, Inc. (460.20M), greater than MidWestOne Financial Group, Inc. (981.68M), less than Lakeland Financial Corporation (1.56B),

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