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Mercantile Bank (MBWM)
:MBWM
Total Valuation
Mercantile Bank has a market cap or net worth of $800.24M. The enterprise value is $1.40B.
Market Cap$800.24M
Enterprise Value$1.40B
Share Statistics
Mercantile Bank has 16,248,613 shares outstanding. The number of shares has decreased by -2.65% in one year.
Shares Outstanding16,248,613
Owned by Insiders3.24%
Owned by Institutions12.86%
Financial Efficiency
Mercantile Bank’s return on equity (ROE) is 0.14 and return on invested capital (ROIC) is 5.88%.
Return on Equity (ROE)0.14
Return on Assets (ROA)0.01
Return on Invested Capital (ROIC)5.88%
Return on Capital Employed (ROCE)0.08
Revenue Per Employee546.66K
Profits Per Employee120.23K
Employee Count662
Asset Turnover0.06
Inventory Turnover0.00
Valuation Ratios
The current PE Ratio of Mercantile Bank is 9.8. Mercantile Bank’s PEG ratio is ―.
PE Ratio9.8
PS Ratio―
PB Ratio―
Price to Fair Value1.23
Price to FCF―
Price to Operating Cash Flow19.67
PEG Ratio―
Income Statement
In the last 12 months, Mercantile Bank had revenue of 361.89M and earned 79.59M in profits. Earnings per share was 4.93.
Revenue361.89M
Gross Profit224.07M
Operating Income98.29M
Pretax Income98.29M
Net Income79.59M
EBITDA108.79M
Earnings Per Share (EPS)4.93
Cash Flow
In the last 12 months, operating cash flow was 40.99M and capital expenditures -10.10M, giving a free cash flow of 30.89M billion.
Operating Cash Flow40.99M
Free Cash Flow30.89M
Free Cash Flow per Share1.90
Dividends & Yields
Mercantile Bank pays an annual dividend of $0.38, resulting in a dividend yield of 2.96%
Dividend Per Share$0.38
Dividend Yield2.96%
Payout Ratio28.97%
Free Cash Flow Yield―
Earnings Yield―
Stock Price Statistics
Beta1.01
52-Week Price Change11.30%
50-Day Moving Average47.31
200-Day Moving Average45.62
Relative Strength Index (RSI)60.32
Average Volume (3m)64.14K
Important Dates
Mercantile Bank upcoming earnings date is Oct 21, 2025, TBA (Confirmed).
Last Earnings DateJul 22, 2025
Next Earnings DateOct 21, 2025
Ex-Dividend DateSep 05, 2025
Financial Position
Mercantile Bank as a current ratio of 0.23, with Debt / Equity ratio of 117.05%
Current Ratio0.23
Quick Ratio0.23
Debt to Market Cap0.90
Net Debt to EBITDA2.35
Interest Coverage Ratio0.75
Taxes
In the past 12 months, Mercantile Bank has paid 18.69M in taxes.
Income Tax18.69M
Effective Tax Rate0.19
Enterprise Valuation
Mercantile Bank EV to EBITDA ratio is 8.94, with an EV/FCF ratio of 10.51.
EV to Sales2.69
EV to EBITDA8.94
EV to Free Cash Flow10.51
EV to Operating Cash Flow9.62
Balance Sheet
Mercantile Bank has $925.32M in cash and marketable securities with $739.16M in debt, giving a net cash position of -$186.15M billion.
Cash & Marketable Securities$925.32M
Total Debt$739.16M
Net Cash-$186.15M
Net Cash Per Share-$11.46
Tangible Book Value Per Share$32.71
Margins
Gross margin is 62.03%, with operating margin of 27.16%, and net profit margin of 21.99%.
Gross Margin62.03%
Operating Margin27.16%
Pretax Margin27.16%
Net Profit Margin21.99%
EBITDA Margin30.06%
EBIT Margin27.16%
Analyst Forecast
The average price target for Mercantile Bank is $55.67, which is 11.43% higher than the current price. The consensus rating is Moderate Buy
Price Target$55.67
Price Target Upside13.04% Upside
Analyst ConsensusModerate Buy
Analyst Count3
Revenue Growth Forecast8.72%
EPS Growth Forecast-0.45%