Mercantile Bank Corporation (MBWM): Price and Financial Metrics

MBWM POWR Grades

• MBWM scores best on the Growth dimension, with a Growth rank ahead of 87.37% of US stocks.
• The strongest trend for MBWM is in Growth, which has been heading up over the past 177 days.
• MBWM ranks lowest in Quality; there it ranks in the 18th percentile.

MBWM Stock Summary

• For MBWM, its debt to operating expenses ratio is greater than that reported by 85.08% of US equities we're observing.
• MBWM's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 94.28% of US stocks.
• The volatility of MERCANTILE BANK CORP's share price is greater than that of just 3.96% US stocks with at least 200 days of trading history.
• If you're looking for stocks that are quantitatively similar to MERCANTILE BANK CORP, a group of peers worth examining would be MYFW, CALB, HOPE, TBNK, and FBIZ.
• 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

• MBWM's price/earnings ratio is 10.6; this is 7.02% lower than that of the median Financial Services stock.
• MBWM's price/sales ratio has moved down 2.8 over the prior 243 months.

Below are key valuation metrics over time for MBWM.

MBWM Growth Metrics

Its 4 year cash and equivalents growth rate is now at 346.84%.
• Its 3 year net cashflow from operations growth rate is now at 83.59%.
• The 2 year price growth rate now stands at 45.07%.

Over the past 33 months, MBWM's revenue has gone up $27,185,000.

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
2022-09-30	176.925	128.197	50.898
2022-06-30	174.988	92.391	49.919
2022-03-31	181.948	93.882	56.273
2021-12-31	184.582	64.573	59.021
2021-09-30	179.697	40.74	61.463
2021-06-30	174.521	72.445	57.098

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 47.71% of graded US stocks.
• MBWM's asset turnover comes in at 0.038 -- ranking 212th of 428 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.