Mercantile Bank Statistics
Total Valuation
Mercantile Bank has a market cap or net worth of $1.07 billion. The enterprise value is $1.42 billion.
| Market Cap | 1.07B |
| Enterprise Value | 1.42B |
Important Dates
The next estimated earnings date is Tuesday, October 20, 2026, before market open.
| Earnings Date | Oct 20, 2026 |
| Ex-Dividend Date | Sep 4, 2026 |
Share Statistics
Mercantile Bank has 17.29 million shares outstanding. The number of shares has increased by 3.57% in one year.
| Current Share Class | 17.29M |
| Shares Outstanding | 17.29M |
| Shares Change (YoY) | +3.57% |
| Shares Change (QoQ) | +0.24% |
| Owned by Insiders (%) | 2.58% |
| Owned by Institutions (%) | 71.26% |
| Float | 16.84M |
Valuation Ratios
The trailing PE ratio is 10.87 and the forward PE ratio is 11.23.
| PE Ratio | 10.87 |
| Forward PE | 11.23 |
| PS Ratio | 4.04 |
| Forward PS | 3.71 |
| PB Ratio | 1.41 |
| P/TBV Ratio | 1.61 |
| P/FCF Ratio | 15.65 |
| P/OCF Ratio | 14.75 |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 14.90 |
| EV / Sales | 5.38 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 20.81 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 10.40 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 13.73%.
| Return on Equity (ROE) | 13.73% |
| Return on Assets (ROA) | 1.46% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 5.23% |
| Revenue Per Employee | $335,760 |
| Profits Per Employee | $121,132 |
| Employee Count | 786 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Mercantile Bank has paid $16.74 million in taxes.
| Income Tax | 16.74M |
| Effective Tax Rate | 14.95% |
Stock Price Statistics
The stock price has increased by +28.19% in the last 52 weeks. The beta is 0.81, so Mercantile Bank's price volatility has been lower than the market average.
| Beta (5Y) | 0.81 |
| 52-Week Price Change | +28.19% |
| 50-Day Moving Average | 59.67 |
| 200-Day Moving Average | 53.47 |
| Relative Strength Index (RSI) | 58.16 |
| Average Volume (20 Days) | 94,469 |
Short Selling Information
The latest short interest is 519,444, so 3.01% of the outstanding shares have been sold short.
| Short Interest | 519,444 |
| Short Previous Month | 444,387 |
| Short % of Shares Out | 3.01% |
| Short % of Float | 3.08% |
| Short Ratio (days to cover) | 4.93 |
Income Statement
In the last 12 months, Mercantile Bank had revenue of $263.91 million and earned $95.21 million in profits. Earnings per share was $5.68.
| Revenue | 263.91M |
| Gross Profit | 263.91M |
| Operating Income | 118.67M |
| Pretax Income | 111.95M |
| Net Income | 95.21M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $5.68 |
Balance Sheet
The company has $357.85 million in cash and $709.53 million in debt, with a net cash position of -$351.68 million or -$20.34 per share.
| Cash & Cash Equivalents | 357.85M |
| Total Debt | 709.53M |
| Net Cash | -351.68M |
| Net Cash Per Share | -$20.34 |
| Equity (Book Value) | 755.12M |
| Book Value Per Share | 43.68 |
| Working Capital | -5.24B |
Cash Flow
In the last 12 months, operating cash flow was $72.33 million and capital expenditures -$4.13 million, giving a free cash flow of $68.20 million.
| Operating Cash Flow | 72.33M |
| Capital Expenditures | -4.13M |
| Depreciation & Amortization | n/a |
| Net Borrowing | -51.21M |
| Free Cash Flow | 68.20M |
| FCF Per Share | $3.95 |
Margins
| Gross Margin | n/a |
| Operating Margin | 44.97% |
| Pretax Margin | 42.42% |
| Profit Margin | 36.08% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 25.84% |
Dividends & Yields
This stock pays an annual dividend of $1.56, which amounts to a dividend yield of 2.55%.
| Dividend Per Share | $1.56 |
| Dividend Yield | 2.55% |
| Dividend Growth (YoY) | 5.41% |
| Years of Dividend Growth | 6 |
| Payout Ratio | 27.46% |
| Buyback Yield | -3.57% |
| Shareholder Yield | -1.02% |
| Earnings Yield | 8.92% |
| FCF Yield | 6.39% |
Analyst Forecast
The average price target for Mercantile Bank is $63.17, which is 3.05% higher than the current price. The consensus rating is "Hold".
| Price Target | $63.17 |
| Price Target Difference | 3.05% |
| Analyst Consensus | Hold |
| Analyst Count | 6 |
| Revenue Growth Forecast (3Y) | n/a |
| EPS Growth Forecast (3Y) | n/a |
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 |
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 |