Mercantile Bank Statistics
Total Valuation
Mercantile Bank has a market cap or net worth of $929.84 million. The enterprise value is $1.19 billion.
Important Dates
The last earnings date was Tuesday, January 20, 2026, before market open.
| Earnings Date | Jan 20, 2026 |
| Ex-Dividend Date | Mar 6, 2026 |
Share Statistics
Mercantile Bank has 17.18 million shares outstanding. The number of shares has increased by 0.67% in one year.
| Current Share Class | 17.18M |
| Shares Outstanding | 17.18M |
| Shares Change (YoY) | +0.67% |
| Shares Change (QoQ) | +0.09% |
| Owned by Insiders (%) | 3.21% |
| Owned by Institutions (%) | 63.05% |
| Float | 16.63M |
Valuation Ratios
The trailing PE ratio is 9.90 and the forward PE ratio is 9.63.
| PE Ratio | 9.90 |
| Forward PE | 9.63 |
| PS Ratio | 3.90 |
| Forward PS | 3.35 |
| PB Ratio | 1.28 |
| P/TBV Ratio | 1.47 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | n/a |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 13.36 |
| EV / Sales | 4.97 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | n/a |
| 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) | 5.15% |
| Revenue Per Employee | $309,678 |
| Profits Per Employee | $115,264 |
| Employee Count | 770 |
| 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 +11.27% in the last 52 weeks. The beta is 0.90, so Mercantile Bank's price volatility has been lower than the market average.
| Beta (5Y) | 0.90 |
| 52-Week Price Change | +11.27% |
| 50-Day Moving Average | 50.92 |
| 200-Day Moving Average | 47.26 |
| Relative Strength Index (RSI) | 61.14 |
| Average Volume (20 Days) | 81,714 |
Short Selling Information
The latest short interest is 173,950, so 1.01% of the outstanding shares have been sold short.
| Short Interest | 173,950 |
| Short Previous Month | 179,256 |
| Short % of Shares Out | 1.01% |
| Short % of Float | 1.05% |
| Short Ratio (days to cover) | 1.65 |
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 | 105.37M |
| 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 $473.32 million in cash and $729.18 million in debt, with a net cash position of -$255.86 million or -$14.89 per share.
| Cash & Cash Equivalents | 473.32M |
| Total Debt | 729.18M |
| Net Cash | -255.86M |
| Net Cash Per Share | -$14.89 |
| Equity (Book Value) | 724.88M |
| Book Value Per Share | 42.19 |
| Working Capital | -5.12B |
Full Balance SheetMargins
| Gross Margin | n/a |
| Operating Margin | 44.19% |
| Pretax Margin | 43.40% |
| Profit Margin | 37.22% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of $1.56, which amounts to a dividend yield of 2.88%.
| Dividend Per Share | $1.56 |
| Dividend Yield | 2.88% |
| Dividend Growth (YoY) | 5.56% |
| Years of Dividend Growth | 6 |
| Payout Ratio | 27.81% |
| Buyback Yield | -0.66% |
| Shareholder Yield | 2.22% |
| Earnings Yield | 9.54% |
| FCF Yield | n/a |
Dividend DetailsAnalyst Forecast
The average price target for Mercantile Bank is $53.63, which is -0.91% lower than the current price. The consensus rating is "Buy".
| Price Target | $53.63 |
| Price Target Difference | -0.91% |
| 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 | 2 |
