Mercantile Bank Statistics
Total Valuation
Mercantile Bank has a market cap or net worth of $882.72 million. The enterprise value is $1.01 billion.
Important Dates
The last earnings date was Tuesday, April 21, 2026, before market open.
| Earnings Date | Apr 21, 2026 |
| Ex-Dividend Date | Jun 5, 2026 |
Share Statistics
Mercantile Bank has 17.27 million shares outstanding. The number of shares has increased by 2.15% in one year.
| Current Share Class | 17.27M |
| Shares Outstanding | 17.27M |
| Shares Change (YoY) | +2.15% |
| Shares Change (QoQ) | +5.98% |
| Owned by Insiders (%) | 2.53% |
| Owned by Institutions (%) | 63.01% |
| Float | 16.84M |
Valuation Ratios
The trailing PE ratio is 9.17 and the forward PE ratio is 9.23.
| PE Ratio | 9.17 |
| Forward PE | 9.23 |
| PS Ratio | 3.49 |
| Forward PS | 3.05 |
| PB Ratio | 1.19 |
| P/TBV Ratio | 1.37 |
| P/FCF Ratio | 20.48 |
| P/OCF Ratio | 17.92 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 11.00 |
| EV / Sales | 4.00 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 23.45 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 16.85 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 13.66%.
| Return on Equity (ROE) | 13.66% |
| Return on Assets (ROA) | 1.40% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 4.82% |
| Revenue Per Employee | $321,490 |
| Profits Per Employee | $116,922 |
| Employee Count | 786 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Mercantile Bank has paid $14.83 million in taxes.
| Income Tax | 14.83M |
| Effective Tax Rate | 13.89% |
Stock Price Statistics
The stock price has increased by +11.10% 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 | +11.10% |
| 50-Day Moving Average | 51.19 |
| 200-Day Moving Average | 48.82 |
| Relative Strength Index (RSI) | 46.72 |
| Average Volume (20 Days) | 108,087 |
Short Selling Information
The latest short interest is 290,873, so 1.68% of the outstanding shares have been sold short.
| Short Interest | 290,873 |
| Short Previous Month | 354,221 |
| Short % of Shares Out | 1.68% |
| Short % of Float | 1.73% |
| Short Ratio (days to cover) | 2.30 |
Income Statement
In the last 12 months, Mercantile Bank had revenue of $252.69 million and earned $91.90 million in profits. Earnings per share was $5.57.
| Revenue | 252.69M |
| Gross Profit | 252.69M |
| Operating Income | 112.49M |
| Pretax Income | 106.73M |
| Net Income | 91.90M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $5.57 |
Full Income StatementBalance Sheet
The company has $598.16 million in cash and $726.09 million in debt, with a net cash position of -$127.92 million or -$7.41 per share.
| Cash & Cash Equivalents | 598.16M |
| Total Debt | 726.09M |
| Net Cash | -127.92M |
| Net Cash Per Share | -$7.41 |
| Equity (Book Value) | 736.95M |
| Book Value Per Share | 42.66 |
| Working Capital | -5.12B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $49.26 million and capital expenditures -$6.17 million, giving a free cash flow of $43.09 million.
| Operating Cash Flow | 49.26M |
| Capital Expenditures | -6.17M |
| Depreciation & Amortization | n/a |
| Net Borrowing | -45.99M |
| Free Cash Flow | 43.09M |
| FCF Per Share | $2.49 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 44.52% |
| Pretax Margin | 42.24% |
| Profit Margin | 36.37% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 17.05% |
Dividends & Yields
This stock pays an annual dividend of $1.56, which amounts to a dividend yield of 3.05%.
| Dividend Per Share | $1.56 |
| Dividend Yield | 3.05% |
| Dividend Growth (YoY) | 5.48% |
| Years of Dividend Growth | 6 |
| Payout Ratio | 27.65% |
| Buyback Yield | -2.15% |
| Shareholder Yield | 0.88% |
| Earnings Yield | 10.41% |
| FCF Yield | 4.88% |
Dividend DetailsAnalyst Forecast
The average price target for Mercantile Bank is $55.67, which is 8.94% higher than the current price. The consensus rating is "Buy".
| Price Target | $55.67 |
| Price Target Difference | 8.94% |
| Analyst Consensus | Buy |
| Analyst Count | 3 |
| 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 |
