Mercantile Bank Statistics
Total Valuation
Mercantile Bank has a market cap or net worth of $878.57 million. The enterprise value is $989.41 million.
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 (%) | 63.05% |
| Float | 16.84M |
Valuation Ratios
The trailing PE ratio is 9.10 and the forward PE ratio is 9.15.
| PE Ratio | 9.10 |
| Forward PE | 9.15 |
| PS Ratio | 3.42 |
| Forward PS | 2.98 |
| PB Ratio | 1.19 |
| P/TBV Ratio | 1.34 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | n/a |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 10.77 |
| EV / Sales | 3.92 |
| 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 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) | 4.97% |
| Revenue Per Employee | $329,884 |
| Profits Per Employee | $119,975 |
| Employee Count | 766 |
| 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 +22.74% in the last 52 weeks. The beta is 0.87, so Mercantile Bank's price volatility has been lower than the market average.
| Beta (5Y) | 0.87 |
| 52-Week Price Change | +22.74% |
| 50-Day Moving Average | 51.68 |
| 200-Day Moving Average | 48.60 |
| Relative Strength Index (RSI) | 45.56 |
| Average Volume (20 Days) | 115,296 |
Short Selling Information
The latest short interest is 354,221, so 2.05% of the outstanding shares have been sold short.
| Short Interest | 354,221 |
| Short Previous Month | 254,105 |
| Short % of Shares Out | 2.05% |
| Short % of Float | 2.10% |
| Short Ratio (days to cover) | 2.89 |
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 $579.30 million in cash and $703.26 million in debt, with a net cash position of -$123.96 million or -$7.18 per share.
| Cash & Cash Equivalents | 579.30M |
| Total Debt | 703.26M |
| Net Cash | -123.96M |
| Net Cash Per Share | -$7.18 |
| Equity (Book Value) | 736.95M |
| Book Value Per Share | 42.66 |
| Working Capital | -5.12B |
Full Balance SheetCash Flow
| Operating Cash Flow | n/a |
| Capital Expenditures | n/a |
| Depreciation & Amortization | n/a |
| Net Borrowing | n/a |
| Free Cash Flow | n/a |
| FCF Per Share | n/a |
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 | n/a |
Dividends & Yields
This stock pays an annual dividend of $1.56, which amounts to a dividend yield of 3.08%.
| Dividend Per Share | $1.56 |
| Dividend Yield | 3.08% |
| Dividend Growth (YoY) | 5.48% |
| Years of Dividend Growth | 6 |
| Payout Ratio | 27.65% |
| Buyback Yield | -2.15% |
| Shareholder Yield | 0.93% |
| Earnings Yield | 10.62% |
| FCF Yield | n/a |
Dividend DetailsAnalyst Forecast
The average price target for Mercantile Bank is $55.67, which is 9.46% higher than the current price. The consensus rating is "Buy".
| Price Target | $55.67 |
| Price Target Difference | 9.46% |
| 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 | 2 |
