Mercantile Bank Corporation MBWM | NASDAQ
Company Overview:
10 Year MBWM Performance Metrics:
MBWM Dividend Charts
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MBWM Financials: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:
Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:
Ratios, Profit Margins & Return on Capital:
MBWM Dividends Info:
Projected Future Returns & Dividends for MBWM
Based on past 10-year performance, here are MBWM growth metrics:
Share price CAGR of +6.64%
Dividend CAGR of +8.97%
Using MBWM CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:
| MBWM (DRIP) | MBWM - No DRIP | |
|---|---|---|
| Current Price | $61.25 | $61.25 |
| Start Shares | 163.27 | 163.27 |
| Start Value | $10,000 | $10,000 |
| After 10 years: | ||
| Final Share Count | 217.64 | 163.27 |
| Dividends Payment | $0.94 | $0.94 |
| Annual Dividends | $822 | $617 |
| Yield on cost | 8.22% | 6.17% |
| Share Price | $116.47 | $116.47 |
| Total Dividends | $4,644 | $3,963 |
| Final Value | $25,349 | $22,979 |
NOTE: Above numbers are our estimate based on MBWM's Dividend and Price CAGR over past 10 years.
These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.
We cannot guarantee that your actual returns will meet these estimates.
Company Info
Mercantile Bank Corporation (MBWM) had its IPO on 1999-07-20, and is traded on NASDAQ stock exchange.
Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including funding for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options. Beyond core banking, Mercantile Bank supplies additional conveniences like courier services and secure deposit boxes. It also markets a comprehensive array of insurance policies, such as coverage for private auto, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella liability, small business needs, and life insurance. The bank's infrastructure further includes 22 automated teller machines (ATMs) and 19 video banking machines. As of January 18, 2022, the company maintained 44 branch locations. Established in 1997, Mercantile Bank Corporation's main office is situated in Grand Rapids, Michigan.
MBWM website: https://www.mercbank.com
DCF model unavailable for MBWM — no fundamentals on file (ETFs and funds are not modelable).
