Mercantile Bank Corp (MBWM) files 10-K for the fiscal year ended December 31, 2020
– By insider
Mercantile Bank Corp (NASDAQ: MBWM) (Financial 30 years) files its latest 10-K with the SEC for the fiscal year ended December 31, 2020. Mercantile Bank Corp is a banking holding company. It provides banking services offering deposit products, including chequing, savings and term certificate accounts, and loan products, including commercial, residential and installment mortgages. Mercantile Bank Corp has a market capitalization of $ 512.977 million; its shares were trading at around $ 31.412300 with a P / E ratio of 11.56 and a P / S ratio of 3.04. The dividend yield on the shares of Mercantile Bank Corp is 3.58%.
For the most recent quarter, Mercantile Bank Corp reported revenue of $ 46.2 million, up from $ 38.48 million in the same period a year ago. For the last fiscal year the company reported revenue of $ 167.4 million, an increase of 10.5% over last year. For complete financial data over 30 years, please go here.. Over the past five years, Mercantile Bank Corp has achieved an average revenue growth rate of 7.1% per year.
Diluted earnings per share reported was $ 2.71 for the year, a decrease of 10% from the previous year. Over the past five years, Mercantile Bank Corp has recorded an EPS growth rate of 12.6% per year. The company’s profitability rank is 4 (out of 10).
At year end, Mercantile Bank Corp had cash and cash equivalents of $ 626.0 million, compared to $ 233.7 million the previous year. Long-term debt stood at $ 441.6 million, compared to $ 400.9 million the previous year. Mercantile Bank Corp has a financial strength rank of 3 (out of 10).
At the current price of $ 31.412300, Mercantile Bank Corp is trading at close to its historic median P / S valuation range of $ 31.80. The stock’s P / S ratio is 3.04, while the historic median P / S ratio is 3.11. The stock has gained 8.45% in the past 12 months.
For full 20-year historical financial data from MBWM, Click here.
This article first appeared on GuruFocus.