MARKET

MBWM

MBWM

Mercantile Bk Corp
NASDAQ
34.53
+0.91
+2.71%
After Hours: 33.84 -0.69 -2.00% 16:17 04/18 EDT
OPEN
33.64
PREV CLOSE
33.62
HIGH
34.76
LOW
33.64
VOLUME
93.75K
TURNOVER
0
52 WEEK HIGH
42.82
52 WEEK LOW
22.90
MARKET CAP
556.70M
P/E (TTM)
6.69
1D
5D
1M
3M
1Y
5Y
Mercantile Bank: Signs Of Weakening Are Evident
Mercantile Bank Corporation is facing challenges with its net interest margin. The bank is struggling to find new customers for loans and slow growth in commercial loans. The Loan to Deposit Ratio is too high at 108%, limiting the bank's ability to make new loans until deposits increase. High interest rates are inhibiting loan growth for the bank.
Seeking Alpha · 1d ago
Mercantile Bank Price Target Maintained With a $47.00/Share by Keefe, Bruyette & Woods
Dow Jones · 1d ago
Keefe, Bruyette & Woods Reiterates Outperform on Mercantile Bank, Maintains $47 Price Target
Benzinga · 1d ago
Analysts Conflicted on These Financial Names: Commerce Bancshares (CBSH), Mercantile Bank (MBWM) and Bank of America (BAC)
TipRanks · 2d ago
MBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q1 2024
Mercantile Bank reported earnings per share of $1.34 for the first quarter of 2024. The company reported revenue of $58.23 million. This was 5.14% better than the analyst estimate for revenue in the same period. The bank reported results for the second quarter of 2016.
Investorplace · 2d ago
Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say
NASDAQ · 2d ago
Mercantile Bank Corp. Engages Stakeholders with Q1 Webcast
TipRanks · 3d ago
Mercantile Bank (MBWM) Q1 Earnings and Revenues Top Estimates
NASDAQ · 3d ago
More
About MBWM
Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.

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