Mercantile Bank Statistics

Total Valuation

MBWM has a market cap or net worth of $754.80 million. The enterprise value is $1.01 billion.

Market Cap	754.80M
Enterprise Value	1.01B

Important Dates

The last earnings date was Tuesday, January 21, 2025, before market open.

Earnings Date	Jan 21, 2025
Ex-Dividend Date	Dec 6, 2024

Share Statistics

MBWM has 16.14 million shares outstanding. The number of shares has increased by 0.72% in one year.

Current Share Class	16.14M
Shares Outstanding	16.14M
Shares Change (YoY)	+0.72%
Shares Change (QoQ)	+0.03%
Owned by Insiders (%)	3.40%
Owned by Institutions (%)	63.80%
Float	15.58M

Valuation Ratios

The trailing PE ratio is 9.48 and the forward PE ratio is 9.77.

PE Ratio	9.48
Forward PE	9.77
PS Ratio	3.37
Forward PS	3.21
PB Ratio	1.29
P/TBV Ratio	1.41
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	12.69
EV / Sales	4.51
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 14.38%.

Return on Equity (ROE)	14.38%
Return on Assets (ROA)	1.40%
Return on Capital (ROIC)	n/a
Revenue Per Employee	$336,955
Profits Per Employee	$119,689
Employee Count	665
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, MBWM has paid $18.69 million in taxes.

Income Tax	18.69M
Effective Tax Rate	19.02%

Stock Price Statistics

The stock price has increased by +19.74% in the last 52 weeks. The beta is 1.02, so MBWM's price volatility has been similar to the market average.

Beta (5Y)	1.02
52-Week Price Change	+19.74%
50-Day Moving Average	47.43
200-Day Moving Average	42.87
Relative Strength Index (RSI)	57.82
Average Volume (20 Days)	63,855

Short Selling Information

The latest short interest is 145,679, so 0.90% of the outstanding shares have been sold short.

Short Interest	145,679
Short Previous Month	61,260
Short % of Shares Out	0.90%
Short % of Float	0.93%
Short Ratio (days to cover)	1.94

Income Statement

In the last 12 months, MBWM had revenue of $224.08 million and earned $79.59 million in profits. Earnings per share was $4.93.

Revenue	224.08M
Gross Profit	224.08M
Operating Income	99.99M
Pretax Income	101.70M
Net Income	79.59M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$4.93

Full Income Statement

Balance Sheet

The company has $393.01 million in cash and $648.25 million in debt, giving a net cash position of -$255.24 million or -$15.81 per share.

Cash & Cash Equivalents	393.01M
Total Debt	648.25M
Net Cash	-255.24M
Net Cash Per Share	-$15.81
Equity (Book Value)	584.53M
Book Value Per Share	36.20
Working Capital	-4.53B

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	44.63%
Pretax Margin	43.86%
Profit Margin	35.52%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.44, which amounts to a dividend yield of 3.08%.

Dividend Per Share	$1.44
Dividend Yield	3.08%
Dividend Growth (YoY)	5.97%
Years of Dividend Growth	6
Payout Ratio	29.21%
Buyback Yield	-0.72%
Shareholder Yield	2.36%
Earnings Yield	10.54%
FCF Yield	n/a

Dividend Details

Analyst Forecast

The average price target for MBWM is $54.50, which is 16.55% higher than the current price. The consensus rating is "Buy".

Price Target	$54.50
Price Target Difference	16.55%
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