Mercantile Bank Corp (MBWM)

Price$52.03

Value ScoreC

Growth ScoreC

Momentum ScoreC

Favorite Metrics

Price vs S&P 500 (26W)4.28%

Price vs S&P 500 (4W)-2.99%

VGM Score46.34

Market Capitalization$915.37M

P/E Ratio (Annual)10.31x

Indicated Dividend Yield (Annual)2.94%

All Metrics

P/CF (Annual)50.93x

Book Value / Share (Quarterly)$42.66

P/TBV (Annual)1.11x

Indicated Dividend (Annual)$1.56

Revenue Growth (3Y)4.72%

Cash Flow / Share (Quarterly)$2.49

Payout Ratio (TTM)26.86%

Price vs S&P 500 (YTD)-0.77%

Net Profit Margin (TTM)36.97%

EPS (TTM)$5.58

10-Day Avg Trading Volume0.12M

EPS Excl Extra (TTM)$5.58

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)9.96x

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)$8.61

ROE (5Y Avg)13.67%

Operating Margin (TTM)45.93%

Cash Flow / Share (Annual)$0.65

P/B Ratio1.24x

P/B Ratio (Quarterly)1.18x

Net Income / Employee (Annual)$119,300

ROA (TTM)1.40%

EPS Growth QoQ (YoY)9.11%

EV / EBITDA (TTM)11.46x

EPS Incl Extra (Annual)$5.47

3-Month Avg Trading Volume0.11M

52-Week Price Return18.33%

EV / Free Cash Flow (Annual)116.27x

P/E Incl Extra (TTM)9.96x

Tangible BV / Share (Quarterly)$41.61

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 Return20.21%

13-Week Price Return-0.60%

Total Debt / Equity (Annual)0.56x

Enterprise Value$1.30B

Revenue / Share Growth (5Y)8.98%

Book Value / Share Growth (5Y)9.27%

Revenue / Employee (Annual)$320,946,000,000

Pretax Margin (Annual)39.82%

Cash / Share (Annual)$3.87

3-Month Return Std Dev23.48%

Net Income / Employee (TTM)$123,500

EBITDA CAGR (5Y)10.55%

EBITDA Interim CAGR (5Y)15.40%

ROE (Last FY)12.24%

EPS Basic Excl Extra (Annual)$5.47

P/FCF (TTM)17.19x

EV / Free Cash Flow (TTM)30.24x

Total Debt / Equity (Quarterly)0.53x

EPS Incl Extra (TTM)$5.58

ROI (TTM)8.52%

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/E9.36x

Free OCF CAGR (5Y)-17.26%

Price vs S&P 500 (52W)-9.87%

P/E Ratio (TTM)9.96x

EPS Growth TTM (YoY)16.08%

Year-to-Date Return10.17%

5-Day Price Return1.51%

EPS Normalized (Annual)$5.47

ROA (5Y Avg)1.31%

Net Profit Margin (Annual)32.08%

Month-to-Date Return3.27%

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)18.58x

ROI (5Y Avg)8.40%

P/E Excl Extra (TTM)9.96x

LT Debt / Equity (Quarterly)0.23x

EPS Basic Excl Extra (TTM)$5.58

P/TBV (Quarterly)1.21x

Payout Ratio (Annual)26.99%

P/B Ratio (Annual)1.08x

Dividend / Share (TTM)$1.47

Pretax Margin (TTM)45.93%

Book Value / Share (Annual)$42.19

Price vs S&P 500 (13W)-10.35%

Net Margin Growth (5Y)4.84%

Dividend Yield (TTM)2.70%

Beta0.84x

P/FCF (Annual)81.66x

Revenue / Share (TTM)$14.22

ROE (TTM)13.36%

52-Week Low$42.17

vGradeC

gGradeC

mGradeC

vgmGradeC

Show chart for

Earnings Surprise History

Q1 261.46est. 1.34

Analyst Recommendations

Feb 2026

Mar 2026

Apr 2026

May 2026

4.00

3.91

3.83

Industry Peers — State Banks(184)

Symbol	Value Score	Growth Score	Momentum Score	Price
MBWMMercantile Bank Corp	C	C	C	$52.03
BNSBank of Nova Scotia	C	C	B	$78.61
BKBank of New York Mellon Corporation	D	B	A	$137.16
ITUBItau Unibanco Holding S.A. American Depositary Shares	B	D	F	$7.79
DBDeutsche Bank Aktiengesellschaft	B	B	F	$32.19
FITBIFifth Third Bancorp Depositary Shares	D	C	C	$25.71
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	D	C	C	$26.26
FITBOFifth Third Bancorp Depositary Shares each representing a 1/1000th ownership interest in a share of Non-Cumulative Perpetual Preferred Stock, Series K	D	C	C	$18.52
FITBFifth Third Bancorp	D	C	C	$48.56
STTState Street Corporation	C	C	A	$159.79
BBDBanco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares)	B	C	F	$3.47

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.