Mercantile Bank Corporation
MBWM | NASDAQ
$59.81
-$0.84 (-1.38%)
At close: Oct 30, 2026, 4:00 PM ET
$59.41
-$0.40 (-0.67%)
After-hours:
Oct 30, 2026, 4:57 PM ET
Market Data
Market Cap $1.03B
Enterprise Value $-25.93M
Beta 0.84
Average Volume 124.29K
Shares Outstanding (Diluted) 17.29M
Shares Change YoY 6.51%
Institutional Ownership 70.68%
Exchange NASDAQ
ISIN US5873761044
Price Performance
Price Change 1M 2.5%
Price Change 3M -0.5%
Price Change 6M 15.1%
Price Change YTD 24.4%
Price Change 1Y 36.4%
Price Change 3Y 81.6%
Price Change 5Y 74.0%
1M CAGR (ann.) -0.4%
1Y CAGR (ann.) 42.3%
5Y CAGR (ann.) 15.0%
All-Time CAGR 12.4%
Valuation
PE Ratio 10.66
Forward PE 11.02
PEG Ratio 1.71
Forward PEG 3.37
PS Ratio 2.65
Forward PS 3.40
PB Ratio 1.39
P/FCF Ratio 15.16
P/Adj. FCF Ratio 16.04
P/OCF Ratio 181.24
EV/Sales -0.07
EV/EBIT -0.23
EV/EBITDA -0.22
EV/FCF -0.38
Earnings Yield 9.4%
FCF Yield 6.6%
Adj. FCF Yield 6.2%
Financial Health
Net Cash $1.06B
Total Debt $666.72M
Cash & Short-Term Investments $1.73B
Total Assets $7.16B
Current Ratio 0.30
Quick Ratio 0.30
Debt / Equity Ratio 0.90
Debt / EBITDA 5.73
Debt / FCF 9.78
OCF / Debt 0.11
Interest Coverage 0.94
Altman Z-Score -0.39
Piotroski F-Score 4
Margins & Profitability
Gross Profit Margin 69.5%
Operating Profit Margin 28.7%
EBITDA Margin 29.8%
Net Profit Margin 24.5%
FCF Margin 17.5%
Adj. FCF Margin 16.5%
SBC / Revenue 0.7%
SBC Impact (per share) -5.5%
Returns
Return on Assets 1.3%
Return on Equity 12.9%
Return on Invested Capital 6.2%
Return on Capital Employed 8.3%
Return on Tangible Assets 1.4%
Historical Growth (CAGR)
Revenue CAGR 3Y 10.8%
Revenue CAGR 5Y 14.2%
Revenue CAGR 10Y 11.0%
EPS CAGR 3Y 2.2%
EPS CAGR 5Y 8.1%
EPS CAGR 10Y 11.7%
FCF CAGR 3Y -12.0%
FCF CAGR 5Y 1.2%
FCF CAGR 10Y 6.6%
Analyst Forecasts
Analyst Rating Hold
Analyst Count 4
EPS Growth Next 3Y N/A
Revenue Growth Next 3Y N/A
Earnings Date Jan 19, 2027
EPS Estimate (next Q) $1.39
EPS Growth Est (next Q) -0.7%
Revenue Est (next Q) $72.82M
Revenue Growth Est (next Q) 17.3%
Fair Value Estimates
Graham Number $73.70
Graham Upside 23.2%
Lynch Fair Value $45.16
Lynch Upside -24.5%
Price Target $64.00
Price Target Upside 7.0%
Cash Flow
Operating Cash Flow $72.33M
Free Cash Flow $68.2M
Adj. Free Cash Flow $64.46M
FCF Per Share $0.31
OCF Per Share $0.33
OCF/S Ratio 1.4%
Income Statement
Revenue $390.59M
Gross Profit $271.42M
Operating Income $112.06M
EBITDA $116.32M
Net Income $95.53M
EPS (Diluted) $5.61
Revenue / Employee $510.58K
Profit / Employee $124.87K
Employees 765
Dividends
Annual Dividend $1.56
Dividend Yield 2.61%
Payout Ratio 27.8%
FCF Payout Ratio 37.3%
Adj. FCF Payout Ratio 39.4%
Dividend Growth (YoY) 5.4%
Pay Frequency Quarterly
Ex-Dividend Date Dec 4, 2026
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