Mercantile Bank Statistics
Total Valuation
Mercantile Bank has a market cap or net worth of $1.06 billion. The enterprise value is $1.10 billion.
| Market Cap | 1.06B |
| Enterprise Value | 1.10B |
Important Dates
The last earnings date was Tuesday, October 20, 2026, before market open.
| Earnings Date | Oct 20, 2026 |
| Ex-Dividend Date | Dec 4, 2026 |
Share Statistics
Mercantile Bank has 17.29 million shares outstanding. The number of shares has increased by 4.99% in one year.
| Current Share Class | 17.29M |
| Shares Outstanding | 17.29M |
| Shares Change (YoY) | +4.99% |
| Shares Change (QoQ) | +0.05% |
| Owned by Insiders (%) | 2.58% |
| Owned by Institutions (%) | 72.21% |
| Float | 16.84M |
Valuation Ratios
The trailing PE ratio is 10.91 and the forward PE ratio is 10.64.
| PE Ratio | 10.91 |
| Forward PE | 10.64 |
| PS Ratio | 3.86 |
| Forward PS | 3.55 |
| PB Ratio | 1.42 |
| P/TBV Ratio | 1.62 |
| P/FCF Ratio | 11.35 |
| P/OCF Ratio | 10.99 |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 11.52 |
| EV / Sales | 4.01 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 11.80 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.94 |
| Debt / EBITDA | n/a |
| Debt / FCF | 7.49 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 13.63%.
| Return on Equity (ROE) | 13.63% |
| Return on Assets (ROA) | 1.42% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 5.31% |
| Revenue Per Employee | $348,814 |
| Profits Per Employee | $121,533 |
| Employee Count | 786 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Mercantile Bank has paid $17.93 million in taxes.
| Income Tax | 17.93M |
| Effective Tax Rate | 15.81% |
Stock Price Statistics
The stock price has increased by +34.76% in the last 52 weeks. The beta is 0.83, so Mercantile Bank's price volatility has been lower than the market average.
| Beta (5Y) | 0.83 |
| 52-Week Price Change | +34.76% |
| 50-Day Moving Average | 59.93 |
| 200-Day Moving Average | 55.80 |
| Relative Strength Index (RSI) | 56.00 |
| Average Volume (20 Days) | 124,622 |
Short Selling Information
The latest short interest is 533,176, so 3.08% of the outstanding shares have been sold short.
| Short Interest | 533,176 |
| Short Previous Month | 561,517 |
| Short % of Shares Out | 3.08% |
| Short % of Float | 3.17% |
| Short Ratio (days to cover) | 4.89 |
Income Statement
In the last 12 months, Mercantile Bank had revenue of $274.17 million and earned $95.53 million in profits. Earnings per share was $5.61.
| Revenue | 274.17M |
| Gross Profit | 274.17M |
| Operating Income | 120.57M |
| Pretax Income | 113.46M |
| Net Income | 95.53M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $5.61 |
Balance Sheet
The company has $656.98 million in cash and $698.62 million in debt, with a net cash position of -$41.65 million or -$2.41 per share.
| Cash & Cash Equivalents | 656.98M |
| Total Debt | 698.62M |
| Net Cash | -41.65M |
| Net Cash Per Share | -$2.41 |
| Equity (Book Value) | 743.84M |
| Book Value Per Share | 43.03 |
| Working Capital | -5.25B |
Cash Flow
In the last 12 months, operating cash flow was $96.29 million and capital expenditures -$3.04 million, giving a free cash flow of $93.25 million.
| Operating Cash Flow | 96.29M |
| Capital Expenditures | -3.04M |
| Depreciation & Amortization | n/a |
| Net Borrowing | -72.45M |
| Free Cash Flow | 93.25M |
| FCF Per Share | $5.39 |
Margins
| Gross Margin | n/a |
| Operating Margin | 43.98% |
| Pretax Margin | 41.38% |
| Profit Margin | 34.84% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 34.01% |
Dividends & Yields
This stock pays an annual dividend of $1.60, which amounts to a dividend yield of 2.61%.
| Dividend Per Share | $1.60 |
| Dividend Yield | 2.61% |
| Dividend Growth (YoY) | 5.33% |
| Years of Dividend Growth | 6 |
| Payout Ratio | 28.15% |
| FCF Payout Ratio | 29.29% |
| Buyback Yield | -4.99% |
| Shareholder Yield | -2.38% |
| Earnings Yield | 9.17% |
| FCF Yield | 8.81% |
Analyst Forecast
The average price target for Mercantile Bank is $64.17, which is 4.82% higher than the current price. The consensus rating is "Hold".
| Price Target | $64.17 |
| Price Target Difference | 4.82% |
| Analyst Consensus | Hold |
| Analyst Count | 6 |
| Revenue Growth Forecast (3Y) | 9.58% |
| EPS Growth Forecast (3Y) | 4.53% |
Fair 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 | |
| Graham Formula Value | |
| Graham Formula 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 | 4 |