Mercantile Bank Corporation
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Companywww.mercbank.com
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 new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans.
- CEO
- Raymond E. Reitsma
- IPO
- 1999
- Employees
- 662
- HQ
- Grand Rapids, MI, US
Price Chart
Valuation
- Market Cap
- $894.50M
- P/E
- 9.71
- P/S
- 2.36
- P/B
- 1.21
- EV/EBITDA
- 14.33
- Div Yield
- 2.94%
Profitability
- Gross Margin
- 66.36%
- Op Margin
- 27.77%
- Net Margin
- 24.23%
- ROE
- 13.36%
- ROIC
- 1.32%
Growth & Income
- Revenue
- $371.80M · 2.74%
- Net Income
- $88.75M · 11.51%
- EPS
- $5.46 · 10.75%
- Op Income
- $102.09M
- FCF YoY
- -87.89%
Performance & Tape
- 52W High
- $55.77
- 52W Low
- $42.17
- 50D MA
- $51.18
- 200D MA
- $48.90
- Beta
- 0.83
- Avg Volume
- 115.44K
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Recent Insider Transactions
| Date | Insider | Type | Shares |
|---|---|---|---|
| Feb 15, 26 | CHRISTMAS CHARLES E | other | 1,326 |
| Feb 17, 26 | CHRISTMAS CHARLES E | other | 3,021 |
| Feb 15, 26 | Reitsma Raymond E. | other | 1,808 |
| Feb 17, 26 | Reitsma Raymond E. | other | 4,040 |
| Feb 5, 26 | Reitsma Raymond E. | other | 3,779 |
| Feb 5, 26 | Reitsma Raymond E. | other | 7,559 |
| Feb 5, 26 | Hoover Brett | other | 944 |
| Feb 5, 26 | Hoover Brett | other | 1,888 |
| Dec 19, 25 | Hoover Brett | other | 950 |
| Feb 5, 26 | CHRISTMAS CHARLES E | other | 1,414 |
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