MBWM: Mercantile Bank Corporation - Summary | Jitta

Mercantile Bank Corporation

NASDAQ:MBWM

Price
$34.46
Loss Chance
42.8%
6.75JITTA SCORE
14.61%Over Jitta Line
Jitta Ranking
112 / 319
172 / 729
719 / 5,062
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HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (53)
Recent Business Performance (39)
Financial Strength (79)
Return to Shareholders (87)
Competitive Advantage (62)
Jitta Signs
Revenue and EarningConsistent Growth in the past 3 years
Recent Business PerformanceEarning Growth Last Year
Operating MarginConsistent
Dividend PayoutIncreasing Every Year
CapExVery Low
Total DepositConsistent Growth
Loan to DepositHigh Efficiency
Net Interest MarginEfficiency
Key Stats
Jitta Score
Jitta Line
6.75
14.61%
6.15
108.54%
5.16
256.45%
Regional Banks
6.94
28.34%
6.65
47.67%
7.73
65.99%
COMPANY DESCRIPTION
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. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.