Mercantile Bank Corp MBWM

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-$0.18 (-0.39%)Past DayToday's Volume:
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Relative Strength Index (RSI)

- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.

- The RSI is calculated using the following formula:

RSI = 100 - (100 / (1 + RS))

Where RS is the ratio of the average gains to the average losses over a specified period.

- The default time period used is 14 days.

- RSI values range between 0 and 100.

RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)

RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)

RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.

About

Business overview of Mercantile Bank Corp (MBWM)
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.

Key Insights

Critical company metrics and information

  • Latest Closing Price

    $45.57

  • Market Cap

    $739.64 Million

  • Price-Earnings Ratio

    9.02

  • Total Outstanding Shares

    16.23 Million Shares

  • Total Employees

    682

  • Dividend

    $0.37 Per Share Quarterly

  • IPO Date

    October 24, 1997

  • SIC Description

    State Commercial Banks

  • Primary Exchange

    NASDAQ

  • Type

    Common Stock

  • Headquarters

    310 leonard street nw, Grand rapids, MI, 49504

  • Homepage

    https://www.mercbank.com

Historical Stock Splits

Execution DateSplit Amount
No Historical Stock Splits

Cash Flow Statement

July 1, 2023 to June 30, 2024
MetricValue
Net Cash Flow From Investing Activities$-419.21 Million
Net Cash Flow From Financing Activities$330.55 Million
Net Cash Flow From Financing Activities, Continuing$330.55 Million
Net Cash Flow$-10.17 Million
Net Cash Flow From Investing Activities, Continuing$-419.21 Million
Net Cash Flow From Operating Activities, Continuing$78.50 Million

Income Statement

July 1, 2023 to June 30, 2024
MetricValue
Interest Income/Expense After Provision For Losses$182.14 Million
Operating Expenses$198.86 Million
Income/Loss From Continuing Operations After Tax$81.23 Million
Income/Loss From Continuing Operations Before Tax$101.70 Million
Costs And Expenses$198.86 Million
Provision For Loan, Lease, And Other Losses$9.90 Million

Comprehensive Income

July 1, 2023 to June 30, 2024
MetricValue
Other Comprehensive Income/Loss Attributable To Parent$8.27 Million
Other Comprehensive Income/Loss$89.51 Million
Comprehensive Income/Loss$89.51 Million
Comprehensive Income/Loss Attributable To Parent$89.51 Million
Comprehensive Income/Loss Attributable To Noncontrolling Interest$0

Balance Sheet

July 1, 2023 to June 30, 2024
MetricValue
Noncurrent Liabilities$0
Equity$551.15 Million
Current Assets$5.60 Billion
Liabilities And Equity$5.60 Billion
Equity Attributable To Parent$551.15 Million
Equity Attributable To Noncontrolling Interest$0

Historical Dividends

Current dividend: $0.37 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Jan 16, 2025Mar 19, 2025Mar 7, 2025$0.37Quarterly
Oct 10, 2024Dec 18, 2024Dec 6, 2024$0.36Quarterly
Jul 11, 2024Sep 18, 2024Sep 6, 2024$0.36Quarterly
Apr 11, 2024Jun 19, 2024Jun 7, 2024$0.35Quarterly
Jan 11, 2024Mar 13, 2024Mar 1, 2024$0.35Quarterly
Oct 12, 2023Dec 13, 2023Dec 1, 2023$0.34Quarterly

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