Mercantile Financial institution Corp (MBWM) recordsdata 10-Okay for the fiscal yr ended December 31, 2020

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– By an insider

Mercantile Financial institution Corp (NASDAQ: MBWM) (Monetary over 30 years) recordsdata its newest 10-Okay with the SEC for the fiscal yr ended December 31, 2020. Mercantile Financial institution Corp is a banking holding firm. It gives banking companies providing deposit merchandise together with checking accounts, financial savings accounts and time period certificates, in addition to lending merchandise together with industrial, residential and installment mortgages. Mercantile Financial institution Corp has a market capitalization of $ 520.126 million; its shares traded at round $ 31.850000 with a P / E ratio of 11.72 and a P / S ratio of three.08. The dividend yield on the shares of Mercantile Financial institution Corp is 3.55%.

For the latest quarter, Mercantile Financial institution Corp reported income of $ 46.2 million, in comparison with income of $ 38.48 million in the identical interval a yr in the past. For the final fiscal yr the corporate reported income of $ 167.4 million, a rise of 10.5% over final yr. For full monetary information over 30 years, please go right here.. Over the previous 5 years, Mercantile Financial institution Corp has achieved a mean income progress price of seven.1% per yr.

Diluted earnings per share reported was $ 2.71 for the yr, a lower of 10% from the earlier yr. Over the previous 5 years, Mercantile Financial institution Corp has recorded an EPS progress price of 12.6% per yr. The corporate’s profitability rank is 4 (out of 10).

At yr finish, Mercantile Financial institution Corp had money and money equivalents of $ 626.0 million, in comparison with $ 233.7 million the earlier yr. Lengthy-term debt was $ 441.6 million, in comparison with $ 400.9 million the earlier yr. Mercantile Financial institution Corp has a monetary energy score of two (out of 10).

On the present share value of $ 31.850000, Mercantile Financial institution Corp is buying and selling at near its historic median P / S valuation vary of $ 31.80. The inventory’s P / S ratio is 3.08, whereas the historic median P / S ratio is 3.11. The inventory has gained 18.63% up to now 12 months.

For full 20-year historic monetary information from MBWM, Click on right here.

This text first appeared on GuruFocus.



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