Mercantile Bank Statistics
Total Valuation
Mercantile Bank has a market cap or net worth of $804.31 million. The enterprise value is $1.25 billion.
Important Dates
The next estimated earnings date is Tuesday, October 14, 2025, before market open.
| Earnings Date | Oct 14, 2025 |
| Ex-Dividend Date | Sep 5, 2025 |
Share Statistics
Mercantile Bank has 16.25 million shares outstanding. The number of shares has increased by 0.64% in one year.
| Current Share Class | 16.25M |
| Shares Outstanding | 16.25M |
| Shares Change (YoY) | +0.64% |
| Shares Change (QoQ) | +0.26% |
| Owned by Insiders (%) | 3.25% |
| Owned by Institutions (%) | 64.93% |
| Float | 15.71M |
Valuation Ratios
The trailing PE ratio is 9.84 and the forward PE ratio is 9.29.
| PE Ratio | 9.84 |
| Forward PE | 9.29 |
| PS Ratio | 3.51 |
| Forward PS | 3.07 |
| PB Ratio | 1.27 |
| P/TBV Ratio | 1.38 |
| P/FCF Ratio | 26.04 |
| P/OCF Ratio | 19.62 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 15.38 |
| EV / Sales | 5.48 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 40.53 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 24.92 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 13.77%.
| Return on Equity (ROE) | 13.77% |
| Return on Assets (ROA) | 1.38% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Revenue Per Employee | $334,874 |
| Profits Per Employee | $119,355 |
| Employee Count | 682 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Mercantile Bank has paid $16.39 million in taxes.
| Income Tax | 16.39M |
| Effective Tax Rate | 16.76% |
Stock Price Statistics
The stock price has increased by +14.64% in the last 52 weeks. The beta is 0.94, so Mercantile Bank's price volatility has been similar to the market average.
| Beta (5Y) | 0.94 |
| 52-Week Price Change | +14.64% |
| 50-Day Moving Average | 46.73 |
| 200-Day Moving Average | 46.01 |
| Relative Strength Index (RSI) | 64.10 |
| Average Volume (20 Days) | 63,105 |
Short Selling Information
The latest short interest is 116,688, so 0.72% of the outstanding shares have been sold short.
| Short Interest | 116,688 |
| Short Previous Month | 111,948 |
| Short % of Shares Out | 0.72% |
| Short % of Float | 0.74% |
| Short Ratio (days to cover) | 1.20 |
Income Statement
In the last 12 months, Mercantile Bank had revenue of $228.38 million and earned $81.40 million in profits. Earnings per share was $5.03.
| Revenue | 228.38M |
| Gross Profit | 228.38M |
| Operating Income | 101.30M |
| Pretax Income | 101.70M |
| Net Income | 81.40M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $5.03 |
Full Income StatementBalance Sheet
The company has $322.01 million in cash and $769.79 million in debt, giving a net cash position of -$447.79 million or -$27.56 per share.
| Cash & Cash Equivalents | 322.01M |
| Total Debt | 769.79M |
| Net Cash | -447.79M |
| Net Cash Per Share | -$27.56 |
| Equity (Book Value) | 631.52M |
| Book Value Per Share | 38.87 |
| Working Capital | -4.71B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $40.99 million and capital expenditures -$10.10 million, giving a free cash flow of $30.89 million.
| Operating Cash Flow | 40.99M |
| Capital Expenditures | -10.10M |
| Free Cash Flow | 30.89M |
| FCF Per Share | $1.90 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 44.35% |
| Pretax Margin | 42.82% |
| Profit Margin | 35.64% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 13.53% |
Dividends & Yields
This stock pays an annual dividend of $1.48, which amounts to a dividend yield of 3.15%.
| Dividend Per Share | $1.48 |
| Dividend Yield | 3.15% |
| Dividend Growth (YoY) | 5.71% |
| Years of Dividend Growth | 5 |
| Payout Ratio | 29.42% |
| Buyback Yield | -0.64% |
| Shareholder Yield | 2.51% |
| Earnings Yield | 10.12% |
| FCF Yield | 3.84% |
Dividend DetailsAnalyst Forecast
The average price target for Mercantile Bank is $53.63, which is 8.39% higher than the current price. The consensus rating is "Buy".
| Price Target | $53.63 |
| Price Target Difference | 8.39% |
| 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 |
