Mercantile Bank (MBWM) Stock Statistics & Valuation Metrics

Mercantile Bank has a market cap or net worth of $776.04M. The enterprise value is $1.14B.

Mercantile Bank has 16,235,209 shares outstanding. The number of shares has decreased by -2.65% in one year.

Mercantile Bank’s return on equity (ROE) is 0.14 and return on invested capital (ROIC) is 5.88%.

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In the last 12 months, Mercantile Bank had revenue of 361.89M and earned 79.59M in profits. Earnings per share was 4.93.

In the last 12 months, operating cash flow was 57.91M and capital expenditures -8.61M, giving a free cash flow of 49.30M billion.

Mercantile Bank pays an annual dividend of $1.46, resulting in a dividend yield of 3.1%

Mercantile Bank upcoming earnings date is Jul 22, 2025, TBA (Confirmed).

Mercantile Bank as a current ratio of 0.23, with Debt / Equity ratio of 122.99%

In the past 12 months, Mercantile Bank has paid 18.69M in taxes.

Mercantile Bank EV to EBITDA ratio is 8.94, with an EV/FCF ratio of 10.51.

Mercantile Bank has $918.94M in cash and marketable securities with $748.22M in debt, giving a net cash position of -$170.72M billion.

Gross margin is 61.18%, with operating margin of 27.16%, and net profit margin of 21.99%.

The average price target for Mercantile Bank is $50.25, which is 11.43% higher than the current price. The consensus rating is Moderate Buy