Mercantile Bank Statistics
Total Valuation
Mercantile Bank has a market cap or net worth of $862.27 million. The enterprise value is $1.12 billion.
Important Dates
The next estimated earnings date is Tuesday, April 21, 2026, before market open.
| Earnings Date | Apr 21, 2026 |
| Ex-Dividend Date | Mar 6, 2026 |
Share Statistics
Mercantile Bank has 17.27 million shares outstanding. The number of shares has increased by 0.67% in one year.
| Current Share Class | 17.27M |
| Shares Outstanding | 17.27M |
| Shares Change (YoY) | +0.67% |
| Shares Change (QoQ) | +0.09% |
| Owned by Insiders (%) | 3.19% |
| Owned by Institutions (%) | 62.95% |
| Float | 16.72M |
Valuation Ratios
The trailing PE ratio is 9.13 and the forward PE ratio is 8.88.
| PE Ratio | 9.13 |
| Forward PE | 8.88 |
| PS Ratio | 3.62 |
| Forward PS | 3.08 |
| PB Ratio | 1.18 |
| P/TBV Ratio | 1.36 |
| P/FCF Ratio | 76.93 |
| P/OCF Ratio | 47.98 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 12.65 |
| EV / Sales | 4.71 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 100.13 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 67.50 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 13.56%.
| Return on Equity (ROE) | 13.56% |
| Return on Assets (ROA) | 1.38% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 4.83% |
| Revenue Per Employee | $303,374 |
| Profits Per Employee | $112,917 |
| Employee Count | 786 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Mercantile Bank has paid $14.74 million in taxes.
| Income Tax | 14.74M |
| Effective Tax Rate | 14.24% |
Stock Price Statistics
The stock price has increased by +13.02% in the last 52 weeks. The beta is 0.88, so Mercantile Bank's price volatility has been lower than the market average.
| Beta (5Y) | 0.88 |
| 52-Week Price Change | +13.02% |
| 50-Day Moving Average | 51.67 |
| 200-Day Moving Average | 47.76 |
| Relative Strength Index (RSI) | 36.76 |
| Average Volume (20 Days) | 97,338 |
Short Selling Information
The latest short interest is 226,103, so 1.31% of the outstanding shares have been sold short.
| Short Interest | 226,103 |
| Short Previous Month | 221,370 |
| Short % of Shares Out | 1.31% |
| Short % of Float | 1.35% |
| Short Ratio (days to cover) | 2.76 |
Income Statement
In the last 12 months, Mercantile Bank had revenue of $238.45 million and earned $88.75 million in profits. Earnings per share was $5.47.
| Revenue | 238.45M |
| Gross Profit | 238.45M |
| Operating Income | 108.09M |
| Pretax Income | 103.49M |
| Net Income | 88.75M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $5.47 |
Full Income StatementBalance Sheet
The company has $496.54 million in cash and $756.61 million in debt, with a net cash position of -$260.07 million or -$15.06 per share.
| Cash & Cash Equivalents | 496.54M |
| Total Debt | 756.61M |
| Net Cash | -260.07M |
| Net Cash Per Share | -$15.06 |
| Equity (Book Value) | 724.88M |
| Book Value Per Share | 42.19 |
| Working Capital | -5.10B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $17.97 million and capital expenditures -$6.76 million, giving a free cash flow of $11.21 million.
| Operating Cash Flow | 17.97M |
| Capital Expenditures | -6.76M |
| Free Cash Flow | 11.21M |
| FCF Per Share | $0.65 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 45.33% |
| Pretax Margin | 43.40% |
| Profit Margin | 37.22% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 4.70% |
Dividends & Yields
This stock pays an annual dividend of $1.56, which amounts to a dividend yield of 3.12%.
| Dividend Per Share | $1.56 |
| Dividend Yield | 3.12% |
| Dividend Growth (YoY) | 5.56% |
| Years of Dividend Growth | 6 |
| Payout Ratio | 27.81% |
| Buyback Yield | -0.66% |
| Shareholder Yield | 2.46% |
| Earnings Yield | 10.29% |
| FCF Yield | 1.30% |
Dividend DetailsAnalyst Forecast
The average price target for Mercantile Bank is $53.63, which is 7.43% higher than the current price. The consensus rating is "Buy".
| Price Target | $53.63 |
| Price Target Difference | 7.43% |
| Analyst Consensus | Buy |
| Analyst Count | 4 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsFair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | |
| Lynch Upside | |
| Graham Number | |
| Graham Upside | |
Stock Splits
The last stock split was on April 19, 2007. It was a forward split with a ratio of 1.05:1.
| Last Split Date | Apr 19, 2007 |
| Split Type | Forward |
| Split Ratio | 1.05:1 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 3 |
