Mercantile Bank Corporation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for 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, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and multi-family and residential rental property real estate loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; 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 32 automated teller machines and eight video banking machines. The company operates 40 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan. Show More...
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Website http://www.mercbank.com
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Sector Financial Services
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Industry Banks-Regional
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Last Quote 44.16 USD
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Last Updated 30-05-2025
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External Links Yahoo Finance Morningstar Ratios
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Interest Coverage
The interest coverage ratio is a debt ratio and profitability ratio used to determine how easily a company can pay interest on its outstanding debt.
Reference: Investopedia -
2010-12 2011-12 2012-12 2013-12 2014-12 2015-12 2016-12 2017-12 2018-12 2019-12 TTM Earnings Per Share USD -1.72 4.07 1.3 1.95 1.28 1.62 1.96 1.9 2.53 3.01 2.94 Dividends USD 0.010 0.09 0.45 0.48 0.58 0.66 0.74 0.93 1.06 1.08 Payout Ratio % * 6.9 24.6 32.4 34.0 34.6 37.7 37.5 35.8 36.7 Shares Mil 9.0 9.0 9.0 9.0 14.0 17.0 16.0 16.0 17.0 16.0 16.0 Book Value Per Share * USD 12.31 13.53 16.84 17.15 18.91 20.1 21.29 21.85 22.95 24.79 25.82 Free Cash Flow Per Share * USD 3.47 3.27 1.86 3.6 0.85 1.76 1.93 1.95 2.56 2.23 Return on Assets % -0.83 2.36 0.81 1.2 0.8 0.93 1.07 0.98 1.26 1.41 1.34 Financial Leverage (Average) 15.42 9.91 9.71 9.31 8.82 8.7 9.04 8.98 8.96 8.72 8.74 Return on Equity % -12.92 28.85 7.9 11.36 7.2 8.16 9.46 8.85 11.34 12.49 12.04 Return on Invested Capital % Interest Coverage Current Ratio Quick Ratio Debt/Equity 1.04 0.55 0.46 0.51 0.33 0.37 0.65 0.73 1.06 0.96 1.05