Mercantile Bank Statistics

Total Valuation

Mercantile Bank has a market cap or net worth of $679.29 million. The enterprise value is $1.04 billion.

Market Cap	679.29M
Enterprise Value	1.04B

Important Dates

The last earnings date was Tuesday, April 22, 2025, before market open.

Earnings Date	Apr 22, 2025
Ex-Dividend Date	Jun 6, 2025

Share Statistics

Mercantile Bank has 16.24 million shares outstanding. The number of shares has increased by 0.65% in one year.

Current Share Class	16.24M
Shares Outstanding	16.24M
Shares Change (YoY)	+0.65%
Shares Change (QoQ)	+0.34%
Owned by Insiders (%)	3.19%
Owned by Institutions (%)	62.13%
Float	15.72M

Valuation Ratios

The trailing PE ratio is 8.72 and the forward PE ratio is 8.54.

PE Ratio	8.72
Forward PE	8.54
PS Ratio	3.04
Forward PS	2.81
PB Ratio	1.12
P/TBV Ratio	1.22
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	13.43
EV / Sales	4.69
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 13.55%.

Return on Equity (ROE)	13.55%
Return on Assets (ROA)	1.34%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$325,947
Profits Per Employee	$113,736
Employee Count	682
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, Mercantile Bank has paid $17.78 million in taxes.

Income Tax	17.78M
Effective Tax Rate	18.65%

Stock Price Statistics

The stock price has increased by +13.42% 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	+13.42%
50-Day Moving Average	44.06
200-Day Moving Average	45.40
Relative Strength Index (RSI)	49.49
Average Volume (20 Days)	61,186

Short Selling Information

The latest short interest is 116,452, so 0.72% of the outstanding shares have been sold short.

Short Interest	116,452
Short Previous Month	74,047
Short % of Shares Out	0.72%
Short % of Float	0.74%
Short Ratio (days to cover)	1.69

Income Statement

In the last 12 months, Mercantile Bank had revenue of $222.30 million and earned $77.57 million in profits. Earnings per share was $4.80.

Revenue	222.30M
Gross Profit	222.30M
Operating Income	98.85M
Pretax Income	101.70M
Net Income	77.57M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$4.80

Full Income Statement

Balance Sheet

The company has $385.46 million in cash and $748.22 million in debt, giving a net cash position of -$362.76 million or -$22.34 per share.

Cash & Cash Equivalents	385.46M
Total Debt	748.22M
Net Cash	-362.76M
Net Cash Per Share	-$22.34
Equity (Book Value)	608.35M
Book Value Per Share	37.47
Working Capital	-4.63B

Full Balance Sheet

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Full Cash Flow Statement

Margins

Gross Margin	n/a
Operating Margin	44.47%
Pretax Margin	42.89%
Profit Margin	34.89%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.48, which amounts to a dividend yield of 3.54%.

Dividend Per Share	$1.48
Dividend Yield	3.54%
Dividend Growth (YoY)	5.80%
Years of Dividend Growth	5
Payout Ratio	30.83%
Buyback Yield	-0.65%
Shareholder Yield	2.89%
Earnings Yield	11.42%
FCF Yield	n/a

Dividend Details

Analyst Forecast

The average price target for Mercantile Bank is $52.25, which is 24.88% higher than the current price. The consensus rating is "Buy".

Price Target	$52.25
Price Target Difference	24.88%
Analyst Consensus	Buy
Analyst Count	2
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Forecasts

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