Mercantile Bank Statistics
Total Valuation
Mercantile Bank has a market cap or net worth of $732.55 million. The enterprise value is $999.70 million.
Important Dates
The last earnings date was Tuesday, October 21, 2025, before market open.
| Earnings Date | Oct 21, 2025 |
| Ex-Dividend Date | Dec 5, 2025 |
Share Statistics
Mercantile Bank has 16.25 million shares outstanding. The number of shares has increased by 0.63% in one year.
| Current Share Class | 16.25M |
| Shares Outstanding | 16.25M |
| Shares Change (YoY) | +0.63% |
| Shares Change (QoQ) | +0.06% |
| Owned by Insiders (%) | 3.23% |
| Owned by Institutions (%) | 67.33% |
| Float | 15.73M |
Valuation Ratios
The trailing PE ratio is 8.59 and the forward PE ratio is 8.38.
| PE Ratio | 8.59 |
| Forward PE | 8.38 |
| PS Ratio | 3.17 |
| Forward PS | 2.74 |
| PB Ratio | 1.13 |
| P/TBV Ratio | 1.21 |
| P/FCF Ratio | 11.29 |
| P/OCF Ratio | 10.17 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 11.69 |
| EV / Sales | 4.28 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 15.37 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 11.80 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 13.79%.
| Return on Equity (ROE) | 13.79% |
| Return on Assets (ROA) | 1.40% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Revenue Per Employee | $342,689 |
| Profits Per Employee | $125,424 |
| Employee Count | 682 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Mercantile Bank has paid $15.14 million in taxes.
| Income Tax | 15.14M |
| Effective Tax Rate | 15.03% |
Stock Price Statistics
The stock price has decreased by -10.36% in the last 52 weeks. The beta is 0.92, so Mercantile Bank's price volatility has been similar to the market average.
| Beta (5Y) | 0.92 |
| 52-Week Price Change | -10.36% |
| 50-Day Moving Average | 45.14 |
| 200-Day Moving Average | 45.48 |
| Relative Strength Index (RSI) | 51.76 |
| Average Volume (20 Days) | 52,548 |
Short Selling Information
The latest short interest is 190,875, so 1.17% of the outstanding shares have been sold short.
| Short Interest | 190,875 |
| Short Previous Month | 217,347 |
| Short % of Shares Out | 1.17% |
| Short % of Float | 1.21% |
| Short Ratio (days to cover) | 2.81 |
Income Statement
In the last 12 months, Mercantile Bank had revenue of $233.71 million and earned $85.54 million in profits. Earnings per share was $5.27.
| Revenue | 233.71M |
| Gross Profit | 233.71M |
| Operating Income | 105.11M |
| Pretax Income | 100.68M |
| Net Income | 85.54M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $5.27 |
Full Income StatementBalance Sheet
The company has $502.12 million in cash and $767.65 million in debt, giving a net cash position of -$265.53 million or -$16.34 per share.
| Cash & Cash Equivalents | 502.12M |
| Total Debt | 767.65M |
| Net Cash | -265.53M |
| Net Cash Per Share | -$16.34 |
| Equity (Book Value) | 657.63M |
| Book Value Per Share | 40.46 |
| Working Capital | -4.64B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $72.18 million and capital expenditures -$7.13 million, giving a free cash flow of $65.06 million.
| Operating Cash Flow | 72.18M |
| Capital Expenditures | -7.13M |
| Free Cash Flow | 65.06M |
| FCF Per Share | $4.00 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 44.97% |
| Pretax Margin | 43.08% |
| Profit Margin | 36.60% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 27.84% |
Dividends & Yields
This stock pays an annual dividend of $1.52, which amounts to a dividend yield of 3.36%.
| Dividend Per Share | $1.52 |
| Dividend Yield | 3.36% |
| Dividend Growth (YoY) | 5.63% |
| Years of Dividend Growth | 5 |
| Payout Ratio | 28.46% |
| Buyback Yield | -0.63% |
| Shareholder Yield | 2.74% |
| Earnings Yield | 11.65% |
| FCF Yield | 8.86% |
Dividend DetailsAnalyst Forecast
The average price target for Mercantile Bank is $52.88, which is 17.33% higher than the current price. The consensus rating is "Buy".
| Price Target | $52.88 |
| Price Target Difference | 17.33% |
| 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 |
