Mercantile Bank (MBWM)
Market Price (5/30/2026): $52.86 | Market Cap: $911.2 MilSector: Financials | Industry: Regional Banks
Mercantile Bank (MBWM)
Market Price (5/30/2026): $52.86Market Cap: $911.2 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.5% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -108% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. | Trading close to highsDist 52W High is -2.8%, Dist 3Y High is -2.8% | Key risksMBWM key risks include [1] merger integration challenges and potential regulatory hurdles following its recent acquisition of Eastern Michigan Financial Corporation and [2] significant liquidity exposure, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.5% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -108% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Trading close to highsDist 52W High is -2.8%, Dist 3Y High is -2.8% |
| Key risksMBWM key risks include [1] merger integration challenges and potential regulatory hurdles following its recent acquisition of Eastern Michigan Financial Corporation and [2] significant liquidity exposure, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Mercantile Bank (MBWM) stock has gained about 5% since 1/31/2026 because of the following key factors:
1. Mixed Q1 2026 Earnings Report with Revenue Miss. Mercantile Bank reported strong diluted earnings per share of $1.32, or $1.46 on a non-GAAP basis, for the first quarter of 2026, exceeding analyst consensus estimates. However, the company's revenue of $67.59 million, while an 18.1% increase year-over-year, slightly missed the analyst forecast of $68.98 million by approximately 2%, leading to an initial negative market reaction of about 5.2% in pre-market trading.
2. Tempered Net Interest Margin (NIM) Outlook Despite Initial Improvement. While Mercantile Bank's net interest margin (NIM) improved to 3.55% in Q1 2026, partly benefiting from the Eastern Michigan acquisition, management indicated a tempered outlook for the remainder of the year. This cautious stance is attributed to elevated loan payoffs totaling $180 million in the first quarter and deposit growth outpacing loan growth, which could necessitate investing excess funds into lower-yield Federal Reserve balances and potentially compress the NIM by an estimated 2 to 5 basis points.
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Stock Movement Drivers
Fundamental Drivers
The 2.7% change in MBWM stock from 1/31/2026 to 5/29/2026 was primarily driven by a 5.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 51.59 | 52.99 | 2.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 239 | 253 | 5.8% |
| Net Income Margin (%) | 35.8% | 36.3% | 1.5% |
| P/E Multiple | 9.8 | 9.9 | 1.4% |
| Shares Outstanding (Mil) | 16 | 17 | -5.7% |
| Cumulative Contribution | 2.7% |
Market Drivers
1/31/2026 to 5/29/2026| Return | Correlation | |
|---|---|---|
| MBWM | 2.7% | |
| Market (SPY) | 9.6% | 37.9% |
| Sector (XLF) | -3.0% | 49.2% |
Fundamental Drivers
The 22.7% change in MBWM stock from 10/31/2025 to 5/29/2026 was primarily driven by a 21.2% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.17 | 52.99 | 22.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 239 | 253 | 5.8% |
| Net Income Margin (%) | 35.8% | 36.3% | 1.5% |
| P/E Multiple | 8.2 | 9.9 | 21.2% |
| Shares Outstanding (Mil) | 16 | 17 | -5.7% |
| Cumulative Contribution | 22.7% |
Market Drivers
10/31/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| MBWM | 22.7% | |
| Market (SPY) | 11.5% | 30.7% |
| Sector (XLF) | -0.7% | 46.3% |
Fundamental Drivers
The 29.3% change in MBWM stock from 4/30/2025 to 5/29/2026 was primarily driven by a 19.6% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.98 | 52.99 | 29.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 231 | 253 | 9.3% |
| Net Income Margin (%) | 34.4% | 36.3% | 5.6% |
| P/E Multiple | 8.3 | 9.9 | 19.6% |
| Shares Outstanding (Mil) | 16 | 17 | -6.4% |
| Cumulative Contribution | 29.3% |
Market Drivers
4/30/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| MBWM | 29.3% | |
| Market (SPY) | 38.0% | 42.7% |
| Sector (XLF) | 7.4% | 57.4% |
Fundamental Drivers
The 110.2% change in MBWM stock from 4/30/2023 to 5/29/2026 was primarily driven by a 51.5% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.21 | 52.99 | 110.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 190 | 253 | 32.9% |
| Net Income Margin (%) | 32.1% | 36.3% | 13.2% |
| P/E Multiple | 6.6 | 9.9 | 51.5% |
| Shares Outstanding (Mil) | 16 | 17 | -7.8% |
| Cumulative Contribution | 110.2% |
Market Drivers
4/30/2023 to 5/29/2026| Return | Correlation | |
|---|---|---|
| MBWM | 110.2% | |
| Market (SPY) | 89.0% | 41.2% |
| Sector (XLF) | 63.2% | 59.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MBWM Return | 34% | -1% | 26% | 14% | 12% | 11% | 135% |
| Peers Return | 29% | -28% | 25% | 8% | 29% | 0% | 63% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| MBWM Win Rate | 58% | 33% | 58% | 42% | 50% | 60% | |
| Peers Win Rate | 44% | 50% | 56% | 50% | 65% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| MBWM Max Drawdown | -15% | -22% | -34% | -19% | -25% | -11% | |
| Peers Max Drawdown | -22% | -39% | -36% | -25% | -24% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, AGBK, NU, FITB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
| Event | MBWM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.1% | -18.8% |
| % Gain to Breakeven | 25.2% | 23.1% |
| Time to Breakeven | 82 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.7% | -6.7% |
| % Gain to Breakeven | 44.3% | 7.1% |
| Time to Breakeven | 76 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -13.7% | -24.5% |
| % Gain to Breakeven | 15.9% | 32.4% |
| Time to Breakeven | 29 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.0% | -33.7% |
| % Gain to Breakeven | 69.5% | 50.9% |
| Time to Breakeven | 336 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.5% | -19.2% |
| % Gain to Breakeven | 22.7% | 23.8% |
| Time to Breakeven | 29 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.4% | -17.9% |
| % Gain to Breakeven | 25.7% | 21.8% |
| Time to Breakeven | 81 days | 123 days |
In The Past
Mercantile Bank's stock fell -20.1% during the 2025 US Tariff Shock. Such a loss loss requires a 25.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | MBWM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.1% | -18.8% |
| % Gain to Breakeven | 25.2% | 23.1% |
| Time to Breakeven | 82 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.7% | -6.7% |
| % Gain to Breakeven | 44.3% | 7.1% |
| Time to Breakeven | 76 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.0% | -33.7% |
| % Gain to Breakeven | 69.5% | 50.9% |
| Time to Breakeven | 336 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.4% | -17.9% |
| % Gain to Breakeven | 25.7% | 21.8% |
| Time to Breakeven | 81 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -79.6% | -53.4% |
| % Gain to Breakeven | 390.1% | 114.4% |
| Time to Breakeven | 1135 days | 1085 days |
In The Past
Mercantile Bank's stock fell -20.1% during the 2025 US Tariff Shock. Such a loss loss requires a 25.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Mercantile Bank (MBWM)
AI Analysis | Feedback
Analogy 1: It's like a smaller, Michigan-focused JPMorgan Chase, providing comprehensive banking services.
Analogy 2: The Michigan equivalent of a full-service Wells Fargo, but on a regional scale.
AI Analysis | Feedback
- Checking Accounts: Accounts designed for daily transactions and easy access to funds.
- Savings Accounts: Accounts for accumulating funds and earning interest.
- Certificates of Deposit (CDs) / Time Deposits: Accounts holding a fixed amount for a fixed period, typically with higher interest rates.
- Commercial & Industrial Loans: Financing provided to businesses for various operational and expansion needs.
- Real Estate Loans: Loans for acquiring, developing, constructing, or renting residential and commercial properties.
- Home Equity Line of Credit (HELOC): A revolving line of credit secured by a borrower's home equity.
- Consumer Loans: Personal loans for items such as automobiles, boats, and other personal expenses.
- Credit Cards: Revolving credit lines offered for personal or business use.
- Residential Mortgage Loans: Loans specifically for purchasing single-family residential properties.
- Insurance Products: A range of insurance policies including auto, home, life, and business coverage.
- Safe Deposit Facilities: Secure storage options for valuables and important documents.
- Courier Services: Delivery services for banking-related documents or items.
- ATM & Video Banking Services: Automated and video-assisted access to banking transactions.
AI Analysis | Feedback
Mercantile Bank (MBWM) primarily serves the following major customer categories:
- Small- to Medium-Sized Businesses: These customers utilize a range of commercial banking services, including commercial and industrial loans, real estate loans (owner-occupied, non-owner-occupied, multi-family, residential rental property), vacant land and land development loans, residential construction loans, and business deposit products. The bank also offers small business insurance products and courier services to this segment.
- Individuals: Retail customers are served with a variety of personal banking products. This includes deposit accounts like checking, savings, and term certificates; various consumer loans such as single-family residential real estate loans, home equity lines of credit, new and used automobile and boat loans, and credit cards; residential mortgage and installment loans; and personal insurance products like private passenger automobile, homeowners, and life insurance.
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Raymond E. Reitsma
President and Chief Executive Officer
Mr. Reitsma was appointed President and Chief Executive Officer of Mercantile Bank Corporation and Mercantile Bank, effective June 1, 2024. He has been with the Bank for over 22 years, beginning his tenure in 2003 as a Commercial Loan Manager. Prior to his current role, he served as Executive Vice President of Mercantile since May 2018 and as Chief Operating Officer of Mercantile from January 2022 through December 2023. Mr. Reitsma was instrumental in the preparation, transition, and integration periods surrounding the merger with Firstbank Corporation. He holds a B.A. in Business Administration from Calvin College and an MBA in Finance from Michigan State University.
Charles E. Christmas
Executive Vice President, Chief Financial Officer and Treasurer
Mr. Christmas joined Mercantile Bank in 1998 and brings over 35 years of banking experience. Before his current position as Executive Vice President and Chief Financial Officer, he served as Senior Vice President and Chief Financial Officer of Mercantile and the Bank from 2000 to 2015. He has also served as Treasurer of Mercantile since 2000. Prior to joining Mercantile, Mr. Christmas spent over ten years as a bank examiner with the Federal Deposit Insurance Corporation (FDIC). He earned a Bachelor of Science degree in Accountancy from Ferris State University.
Scott P. Setlock
Executive Vice President, Chief Operating Officer and Secretary
Mr. Setlock was appointed Executive Vice President, Chief Operating Officer, and Secretary of Mercantile Bank Corporation effective January 1, 2024, and has served as Executive Vice President, Chief Operating Officer of the Bank since January 1, 2022. With nearly 20 years at the Bank, his experience includes roles in Commercial Credit, Commercial Credit Management, Commercial Lending, and Mortgage Lending Management.
Mark S. Augustyn
Executive Vice President, Chief Commercial Banking Officer
Mr. Augustyn is the Executive Vice President, Chief Commercial Banking Officer of Mercantile Bank, a role he has held since January 2024. He is one of the founding lending officers of the Bank. His extensive career at the Bank, starting in 1997, includes serving as a Commercial Lender, Commercial Loan Manager, Regional Commercial Loan Manager, and Chief Lending Officer before his current role.
Brett E. Hoover
Executive Vice President, Chief Human Resource Officer
Mr. Hoover serves as the Executive Vice President, Chief Human Resource Officer of the Bank.
AI Analysis | Feedback
The key risks to Mercantile Bank (MBWM) are:
- Credit Risk and Regional Economic Sensitivity: Mercantile Bank primarily serves small-to-medium businesses and individuals in Michigan. A significant downturn in the Michigan economy or in the specific sectors to which the bank lends could lead to increased loan defaults across its commercial, real estate, and consumer loan portfolios. This heightened credit risk directly impacts the bank's asset quality, capital, and profitability, posing a fundamental threat to its core lending business.
- Interest Rate Risk: As a financial institution, Mercantile Bank's profitability is heavily dependent on its net interest margin, which is the difference between the interest earned on its assets (like loans) and the interest paid on its liabilities (like deposits). Significant, rapid, or sustained adverse movements in interest rates—such as a sharp rise in deposit costs not offset by an increase in loan rates, or a prolonged period of very low rates compressing margins—could severely impact the bank's earnings and financial performance.
- Cybersecurity Risk: As a bank handling sensitive customer financial data and facilitating numerous transactions, Mercantile Bank is a prime target for cyberattacks. A successful cybersecurity breach could result in significant financial losses due to fraud, theft of funds, or remediation costs. Additionally, it could lead to severe reputational damage, loss of customer trust, and substantial regulatory penalties, all of which could fundamentally disrupt its operations and financial stability.
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The emergence of digital-first financial institutions (fintechs and neobanks) and the expansion of large technology companies into financial services pose a clear emerging threat. These entities often offer banking services with lower overhead costs due to a lack of physical branches, leading to competitive pricing, higher interest rates on deposits, or lower loan rates. They also typically provide a more streamlined, technology-driven user experience through mobile apps and online platforms, which can attract customers, particularly younger demographics and tech-savvy small businesses, away from traditional branch-based banks like Mercantile Bank.
AI Analysis | Feedback
Mercantile Bank (MBWM), a Michigan-based institution, serves small- to medium-sized businesses and individuals. The addressable markets for its main products and services within Michigan are sized as follows: * Commercial Banking: The commercial banking industry in Michigan is projected to have a market size of $23.6 billion in 2026. This encompasses deposits and the issuance of consumer, commercial, and industrial loans. * Residential Mortgages: In 2022, mortgage lenders collectively originated $54.5 billion in residential mortgage volume across Michigan. * Deposits: The total deposits held at community bank branches in Michigan amounted to approximately $58.04 billion as of December 2024. For all banks operating in Michigan, total deposits were $311 billion in 2024. * Small Business Loans: Michigan banks provided $16.7 billion in small business loans in 2024. * Insurance Products: The overall insurance industry spending in Michigan reaches $37.1 billion, reflecting its direct and indirect economic output, jobs, and earnings. Specifically, the Health & Medical Insurance industry in Michigan is estimated to be a $51.3 billion market in 2026.AI Analysis | Feedback
Mercantile Bank (MBWM) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and operational strengths:
- Commercial Loan Growth: Mercantile Bank has consistently highlighted a strong commercial loan pipeline and anticipates continued expansion in this area. The bank projects a 5-7% annualized loan growth and is actively focused on expanding its commercial lending team, particularly in Southeast Michigan.
- Growth in Noninterest Income: The company has demonstrated significant increases across various noninterest income streams. Key drivers include treasury management fees, mortgage banking income, interest rate swap income, and payroll services fees. For example, the first quarter of 2024 saw total noninterest income grow by 56%, with mortgage banking income up 93%, interest rate swaps increasing 29%, and service charges on accounts rising 56%.
- Strategic Expansion through Acquisitions: The acquisition of Eastern Michigan Financial Corporation, completed on December 31, 2025, is a significant driver. This strategic move is expected to broaden the range of financial solutions available to clients and expand Mercantile Bank's footprint in East and Southeast Michigan.
- Local Deposit Growth: Mercantile Bank emphasizes its focus on solid core local deposit growth. This strategy is crucial for enhancing asset quality, improving on-balance sheet liquidity, and providing a stable, lower-cost funding base for anticipated asset growth and loan expansion.
- Net Interest Margin Stability: Despite varying interest rate environments, Mercantile Bank has demonstrated effective execution of its strategy to maintain a steady net interest margin. Management projects net interest margin stability in the upcoming quarters, which is vital for sustained net interest income.
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Share Repurchases
- Mercantile Bank Corporation authorized the renewal of a stock repurchase program in May 2021, allowing for the repurchase of up to $20 million in common stock.
Share Issuance
- As part of the merger with Eastern Michigan Financial Corporation, completed on December 31, 2025, Eastern shareholders received 0.7116 shares of Mercantile common stock for each of their shares, in addition to cash.
Outbound Investments
- Mercantile Bank Corporation completed the acquisition of Eastern Michigan Financial Corporation on December 31, 2025.
- This acquisition involved Eastern Michigan Financial Corporation, which had $572 million in total assets.
- The merger expanded Mercantile Bank's presence, increasing its total number of banking offices to 54.
Capital Expenditures
- In the 12 months ending September 2024, capital expenditures for Mercantile Bank were -$7.13 million.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Mercantile Bank Stock Fell 7.8% in a Month, What Now? | 10/17/2025 | |
| Mercantile Bank (MBWM) Operating Cash Flow Comparison | 02/17/2025 | |
| Mercantile Bank (MBWM) Net Income Comparison | 02/15/2025 |
| Title | |
|---|---|
| ARTICLES |
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| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
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| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 21.31 |
| Mkt Cap | 0.9 |
| Rev LTM | 3,066 |
| Op Inc LTM | - |
| FCF LTM | 89 |
| FCF 3Y Avg | 59 |
| CFO LTM | 197 |
| CFO 3Y Avg | 65 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.9% |
| Rev Chg 3Y Avg | 7.3% |
| Rev Chg Q | 18.1% |
| QoQ Delta Rev Chg LTM | 4.3% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 14.8% |
| CFO/Rev 3Y Avg | 27.8% |
| FCF/Rev LTM | 11.2% |
| FCF/Rev 3Y Avg | 24.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.9 |
| P/S | 3.6 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 10.9 |
| P/CFO | 14.9 |
| Total Yield | 12.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 8.5% |
| D/E | 0.5 |
| Net D/E | -0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.5% |
| 3M Rtn | 2.6% |
| 6M Rtn | 17.0% |
| 12M Rtn | 27.7% |
| 3Y Rtn | 87.6% |
| 1M Excs Rtn | -4.8% |
| 3M Excs Rtn | -7.6% |
| 6M Excs Rtn | 4.2% |
| 12M Excs Rtn | 1.2% |
| 3Y Excs Rtn | 4.0% |
Price Behavior
| Market Price | $52.99 | |
| Market Cap ($ Bil) | 0.9 | |
| First Trading Date | 07/20/1999 | |
| Distance from 52W High | -2.8% | |
| 50 Days | 200 Days | |
| DMA Price | $51.55 | $48.73 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 2.8% | 8.7% |
| 3M | 1YR | |
| Volatility | 22.6% | 25.4% |
| Downside Capture | 86.05 | 79.37 |
| Upside Capture | 66.18 | 78.57 |
| Correlation (SPY) | 41.3% | 37.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.67 | 0.55 | 0.52 | 0.52 | 0.87 | 0.94 |
| Up Beta | 0.35 | 0.38 | 0.23 | 0.58 | 1.18 | 0.88 |
| Down Beta | 4.00 | 0.40 | 0.50 | 0.35 | 0.64 | 0.83 |
| Up Capture | 50% | 55% | 64% | 71% | 74% | 116% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 13 | 22 | 34 | 63 | 125 | 374 |
| Down Capture | 344% | 77% | 64% | 39% | 86% | 100% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 9 | 21 | 30 | 62 | 126 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MBWM | |
|---|---|---|---|---|
| MBWM | 23.5% | 25.4% | 0.79 | - |
| Sector ETF (XLF) | 3.5% | 14.4% | 0.02 | 54.4% |
| Equity (SPY) | 30.3% | 11.8% | 1.94 | 37.5% |
| Gold (GLD) | 37.5% | 26.7% | 1.17 | -3.3% |
| Commodities (DBC) | 39.6% | 18.8% | 1.63 | -21.4% |
| Real Estate (VNQ) | 12.5% | 13.1% | 0.64 | 42.0% |
| Bitcoin (BTCUSD) | -31.8% | 41.6% | -0.81 | 14.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MBWM | |
|---|---|---|---|---|
| MBWM | 14.4% | 31.9% | 0.47 | - |
| Sector ETF (XLF) | 8.4% | 18.6% | 0.34 | 59.4% |
| Equity (SPY) | 14.3% | 17.0% | 0.66 | 42.5% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | -0.9% |
| Commodities (DBC) | 10.2% | 19.4% | 0.41 | 8.7% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 42.3% |
| Bitcoin (BTCUSD) | 14.6% | 54.6% | 0.46 | 15.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MBWM | |
|---|---|---|---|---|
| MBWM | 12.6% | 34.2% | 0.44 | - |
| Sector ETF (XLF) | 12.8% | 22.1% | 0.53 | 67.7% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 50.7% |
| Gold (GLD) | 13.3% | 16.0% | 0.69 | -5.6% |
| Commodities (DBC) | 7.3% | 17.9% | 0.33 | 16.9% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 47.8% |
| Bitcoin (BTCUSD) | 67.0% | 66.9% | 1.06 | 13.1% |
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Returns Analyses
Earnings Returns History
Updated 5/29/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/21/2026 | -3.4% | -3.7% | -4.4% |
| 1/20/2026 | 0.8% | 1.6% | 7.4% |
| 10/21/2025 | 0.6% | 0.3% | -2.0% |
| 7/22/2025 | -1.8% | -2.1% | -3.6% |
| 4/22/2025 | 3.5% | 4.9% | 14.2% |
| 1/21/2025 | 5.8% | 13.3% | 10.0% |
| 10/15/2024 | 2.7% | -0.1% | 15.7% |
| 7/16/2024 | 12.1% | 10.6% | -4.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 16 | 15 |
| # Negative | 8 | 8 | 9 |
| Median Positive | 3.4% | 4.7% | 10.0% |
| Median Negative | -2.2% | -2.4% | -4.0% |
| Max Positive | 12.2% | 15.3% | 19.2% |
| Max Negative | -3.7% | -4.1% | -15.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/03/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
Recent Forward Guidance
Updated 5/28/2026Latest: Q1 2026 Earnings Reported 4/21/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Unfunded commitments on commercial construction and development loans | 240.00 Mil | ||||||
| 2026 Unfunded commitments on residential construction loans | 32.00 Mil | ||||||
Prior: Q4 2025 Earnings Reported 1/20/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Dividends | 0.38 | ||||||
Insider Activity
Updated 5/27/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Price, Michael H | Direct | Sell | 11172025 | 45.84 | 4,577 | 209,799 | 545,376 | Form | |
| 2 | Sanchez, Nelson F | IRA | Buy | 11042025 | 43.50 | 1,000 | 43,500 | 152,337 | Form | |
| 3 | Ramaker, David B | Direct | Buy | 8192025 | 46.71 | 1,500 | 70,065 | 701,304 | Form | |
| 4 | Williams, Shoran R | Direct | Buy | 7302025 | 47.28 | 200 | 9,457 | 249,003 | Form | |
| 5 | Kaminski, Robert B | Direct | Sell | 5062025 | 42.85 | 250 | 10,712 | 3,341,568 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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