What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Mercantile Bank Corporation MBWM Goodwill

Discontinued — last reported Q1 '16

Goodwill at other companies

Fifth Third BankFITB

$9.97B+103%

Huntington BancsharesHBAN

$9.53B+71.3%

First Merchants CorporationFRME

$782.79M+9.9%

Stock Yards BancorpSYBT

$194.07M0.0%

Amerant BancorpAMTB

$19.19M0.0%

Shore BancsharesSHBI

$63.27M0.0%

Segments

By segment

See full

Mercantile Bank$32.17M—

Eastern Michigan Bank$24.22M—

Other financials

Income statement

See full

Revenue$67.6M+18.1%

Net income$22.7M+16.1%

EPS (diluted)$1.32+9.1%

Cash flow

See full

Operating cash flow$28.3M+1,051%

CapEx$938.0K-39.0%

Free cash flow$27.4M+706%

Valuation

See full

Market cap$972.03M+36.5%

P/E10.6×+1.4×

P/S3.8×+0.8×

Profitability

See full

Net margin36.3%+2.7pp

FCF margin17%—

Returns & leverage

See full

Return on equity8.6%—

Debt / equity0×—

Where this comes from

Reported directly by Mercantile Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Mercantile Bank Corporation’s 10-Q, filed May 6, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.