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Mercantile Bank Corp (MBWM)
Price$52.30
Favorite Metrics
Price vs S&P 500 (26W)13.49%
Price vs S&P 500 (4W)0.99%
Market Capitalization$915.29M
P/E Ratio (Annual)10.31x
Indicated Dividend Yield (Annual)2.94%
All Metrics
P/CF (Annual)50.93x
Book Value / Share (Quarterly)$42.19
P/TBV (Annual)1.11x
Indicated Dividend (Annual)$1.52
Revenue Growth (3Y)4.72%
Cash Flow / Share (Quarterly)$0.65
Payout Ratio (TTM)26.99%
Price vs S&P 500 (YTD)7.61%
Net Profit Margin (TTM)36.97%
EPS (TTM)$5.47
10-Day Avg Trading Volume0.12M
EPS Excl Extra (TTM)$5.47
Revenue Growth (5Y)7.69%
EPS (Annual)$5.47
Dividend / Share (Annual)$1.44
ROI (Annual)7.87%
Net Profit Margin (5Y Avg)30.86%
Cash / Share (Quarterly)$4.03
P/E Basic Excl Extra (TTM)10.31x
Revenue Growth QoQ (YoY)47.84%
EPS Growth (5Y)15.10%
P/E Normalized (Annual)10.31x
ROA (Last FY)1.30%
Revenue Growth TTM (YoY)59.29%
EBITD / Share (TTM)$6.73
ROE (5Y Avg)13.67%
Operating Margin (TTM)45.93%
Cash Flow / Share (Annual)$0.65
P/B Ratio1.26x
P/B Ratio (Quarterly)1.08x
Net Income / Employee (Annual)$0
ROA (TTM)1.39%
EPS Growth QoQ (YoY)15.50%
EV / EBITDA (TTM)12.06x
EPS Incl Extra (Annual)$5.47
3-Month Avg Trading Volume0.11M
52-Week Price Return36.75%
EV / Free Cash Flow (Annual)117.61x
P/E Incl Extra (TTM)10.31x
Tangible BV / Share (Quarterly)$41.00
P/S Ratio (Annual)2.94x
52-Week High$55.77
EPS Excl Extra (Annual)$5.47
CapEx CAGR (5Y)-5.55%
Tangible BV CAGR (5Y)13.77%
26-Week Price Return17.48%
13-Week Price Return8.96%
Total Debt / Equity (Annual)0.56x
Enterprise Value$1,318.257
Revenue / Share Growth (5Y)8.98%
Book Value / Share Growth (5Y)9.27%
Revenue / Employee (Annual)$320,946
Pretax Margin (Annual)39.82%
Cash / Share (Annual)$3.87
3-Month Return Std Dev25.77%
Net Income / Employee (TTM)$0
EBITDA CAGR (5Y)11.23%
EBITDA Interim CAGR (5Y)5.65%
ROE (Last FY)12.24%
EPS Basic Excl Extra (Annual)$5.47
P/FCF (TTM)35.36x
EV / Free Cash Flow (TTM)117.61x
Total Debt / Equity (Quarterly)0.56x
EPS Incl Extra (TTM)$5.47
ROI (TTM)8.49%
Dividend Growth Rate (5Y)5.59%
P/S Ratio (TTM)2.47x
Pretax Margin (5Y Avg)38.21%
Revenue / Share (Annual)$12.00
Tangible BV / Share (Annual)$41.00
Forward P/E9.45x
Free OCF CAGR (5Y)-17.26%
Price vs S&P 500 (52W)6.92%
P/E Ratio (TTM)10.31x
EPS Growth TTM (YoY)10.76%
Year-to-Date Return10.25%
5-Day Price Return-1.69%
EPS Normalized (Annual)$5.47
ROA (5Y Avg)1.31%
Net Profit Margin (Annual)32.08%
Month-to-Date Return5.01%
Cash Flow / Share (TTM)$6.00
EBITD / Share (Annual)$6.73
EPS Growth (3Y)12.46%
Operating Margin (Annual)39.82%
LT Debt / Equity (Annual)0.24x
P/CF (TTM)50.93x
ROI (5Y Avg)8.40%
P/E Excl Extra (TTM)10.31x
LT Debt / Equity (Quarterly)0.24x
EPS Basic Excl Extra (TTM)$5.47
P/TBV (Quarterly)1.11x
Payout Ratio (Annual)26.99%
P/B Ratio (Annual)1.08x
Dividend / Share (TTM)$1.44
Pretax Margin (TTM)45.93%
Book Value / Share (Annual)$42.19
Price vs S&P 500 (13W)8.27%
Net Margin Growth (5Y)4.84%
Dividend Yield (TTM)2.62%
Beta0.89x
P/FCF (Annual)81.66x
Revenue / Share (TTM)$14.22
ROE (TTM)13.54%
52-Week Low$37.90
Analyst Recommendations
Jan 2026
Feb 2026
Mar 2026
Apr 2026
3.91
4.00
3.91
3.83
Industry Peers — State Banks(184)
| Symbol | P/B Ratio (Quarterly) | ROE (TTM) | ROA (TTM) | Net Interest Coverage (TTM) | Price |
|---|---|---|---|---|---|
MBWMMercantile Bank Corp | 1.08x | 13.54% | 1.39% | — | $52.30 |
ITUBItau Unibanco Holding S.A. American Depositary Shares | 2.03x | 20.76% | 1.50% | — | $9.33 |
BNSBank of Nova Scotia | 1.45x | 10.41% | 0.62% | — | $75.00 |
BKBank of New York Mellon Corporation | 1.83x | 12.66% | 1.20% | — | $134.84 |
FITBFifth Third Bancorp | 1.42x | 11.96% | 1.19% | — | $49.52 |
FITBIFifth Third Bancorp Depositary Shares | 1.42x | 11.96% | 1.19% | — | $25.32 |
FITBMFifth Third Bancorp Depositary Shares Representing a 1/40th Ownership Interest in a Share of 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M | 1.42x | 11.96% | 1.19% | — | $25.83 |
FITBOFifth Third Bancorp Depositary Shares each representing a 1/1000th ownership interest in a share of Non-Cumulative Perpetual Preferred Stock, Series K | 1.42x | 11.96% | 1.19% | — | $19.38 |
FITBPFifth Third Bancorp Depositary Shares each representing 1/40th share of Fifth Third 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A | 1.42x | 11.96% | 1.19% | — | $24.05 |
BBDBanco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares) | 1.04x | 9.84% | 0.81% | — | $4.15 |
BBDOBanco Bradesco S.A. American Depositary Shares (Each representing one Common Share, no par value) | 1.04x | 9.84% | 0.81% | — | $3.72 |
About
Mercantile Bank Corp is a bank holding company providing commercial banking services to individuals, businesses, government entities, and institutions. The company offers deposit products including checking and savings accounts, as well as lending services such as commercial loans, residential mortgages, and installment loans. Revenue is generated primarily through interest and dividends earned on its loan and investment portfolios.