Mercantile Bank Corporation (MBWM): Price and Financial Metrics

MBWM POWR Grades

• Stability is the dimension where MBWM ranks best; there it ranks ahead of 90.77% of US stocks.
• MBWM's strongest trending metric is Momentum; it's been moving up over the last 52 weeks.
• MBWM's current lowest rank is in the Growth metric (where it is better than 44.56% of US stocks).

MBWM Stock Summary

• The ratio of debt to operating expenses for Mercantile Bank Corp is higher than it is for about 83.59% of US stocks.
• MBWM's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 92.12% of US stocks.
• The volatility of Mercantile Bank Corp's share price is greater than that of just 6.85% US stocks with at least 200 days of trading history.
• Stocks with similar financial metrics, market capitalization, and price volatility to Mercantile Bank Corp are FLIC, PWOD, SBSI, PBHC, and CNOB.
• Visit MBWM's SEC page to see the company's official filings. To visit the company's web site, go to www.mercbank.com.

MBWM Valuation Summary

• In comparison to the median Financial Services stock, MBWM's price/earnings ratio is 20% lower, now standing at 8.8.
• MBWM's EV/EBIT ratio has moved down 10.5 over the prior 243 months.
• MBWM's EV/EBIT ratio has moved down 10.5 over the prior 243 months.

Below are key valuation metrics over time for MBWM.

MBWM Growth Metrics

• Its 2 year net cashflow from operations growth rate is now at -26.18%.
• The 3 year revenue growth rate now stands at 14.96%.
• Its 3 year price growth rate is now at 47.96%.

Over the past 15 months, MBWM's revenue has gone up $25,092,000.

The table below shows MBWM's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2021-06-30	174.521	72.445	57.098
2021-03-31	159.949	46.234	47.705
2020-12-31	153.368	37.877	44.138
2020-09-30	148.869	40.94	43.374
2020-06-30	146.834	18.461	45.288
2020-03-31	149.429	32.544	48.305

MBWM's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• MBWM has a Quality Grade of C, ranking ahead of 47.15% of graded US stocks.
• MBWM's asset turnover comes in at 0.038 -- ranking 214th of 433 Banking stocks.
• RIVE, PBCT, and MTB are the stocks whose asset turnover ratios are most correlated with MBWM.

The table below shows MBWM's key quality metrics over time.