MBWMMercantile Bank Corp.
MBWM
Mercantile Bank Corp.110
Mkt Cap
$816.58MVolume
160,230.0052W High
$51.8952W Low
$37.76PE Ratio
9.52MBWM Fundamentals
Price
$50.63Prev Close
$50.24Open
$50.2450D MA
$47.50Beta
1.02Avg. Volume
98,837.82EPS (Annual)
$4.93P/B
1.24Rev/Employee
$558,473.77Poll
Earnings Recap
Mercantile Bank Corp. expects to fund $237 million in commercial construction and development loans and $34 million in residential construction loans over the next 12 to 18 months.
Bullish
Mercantile Bank Corp. demonstrated strategic expansion through acquisition, maintained strong asset quality and capital levels, and achieved growth in both net interest and noninterest income.
Bearish
Mercantile Bank Corp. experienced a decreased yield on loans due to FOMC rate cuts, an increase in nonperforming assets from a commercial construction loan, and higher noninterest expenses.