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Price (delayed)
$49.04
Market cap
$791.6M
P/E Ratio
9.87
Dividend/share
$1.4
EPS
$4.97
Enterprise value
$1.24B
Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. Mercantile provides banking services to businesses, individuals and governmental units, and differentiates
Highlights
MBWM's equity is up by 21% year-on-year and by 6% since the previous quarter
The P/E is 23% higher than the last 4 quarters average of 8.0 and 16% higher than the 5-year quarterly average of 8.5
Mercantile Bank's EPS has decreased by 5% YoY
Key stats
What are the main financial stats of MBWM
Market
Valuations
Earnings
Shares outstanding
16.14M
Market cap
$791.6M
Enterprise value
$1.24B
Price to book (P/B)
1.36
Price to sales (P/S)
3.56
EV/EBIT
12.37
EV/EBITDA
11.17
EV/Sales
5.58
Revenue
$222.19M
EBIT
$100.27M
EBITDA
$111.05M
Free cash flow
$25.76M
Per share
Balance sheet
Liquidity
EPS
$4.97
Free cash flow per share
$1.6
Book value per share
$36.15
Revenue per share
$13.77
TBVPS
$363.59
Total assets
$5.92B
Total liabilities
$5.33B
Debt
$777.41M
Equity
$583.31M
Working capital
N/A
Debt to equity
1.33
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
4.04
Margins
Efficiency
Dividend
EBITDA margin
50%
Gross margin
100%
Net margin
36%
Operating margin
45.1%
Return on assets
1.4%
Return on equity
14.6%
Return on invested capital
1.6%
Return on capital employed
N/A
Return on sales
45.1%
Dividend yield
2.85%
DPS
$1.4
Payout ratio
28.2%
MBWM stock price
How has the Mercantile Bank stock price performed over time
Intraday
1.47%
1 week
-0.83%
1 month
13.1%
1 year
40.52%
YTD
21.45%
QTD
12.17%
Financial performance
How have Mercantile Bank's revenue and profit performed over time
Revenue
$222.19M
Gross profit
$222.19M
Operating income
$100.27M
Net income
$80M
Gross margin
100%
Net margin
36%
MBWM's operating margin is down by 6% year-on-year and by 2.4% since the previous quarter
MBWM's net margin is down by 6% YoY and by 2.4% from the previous quarter
Mercantile Bank's net income has decreased by 4.8% YoY
The company's operating income fell by 3.9% YoY
Growth
What is Mercantile Bank's growth rate over time
Valuation
What is Mercantile Bank stock price valuation
P/E
9.87
P/B
1.36
P/S
3.56
EV/EBIT
12.37
EV/EBITDA
11.17
EV/Sales
5.58
The P/E is 23% higher than the last 4 quarters average of 8.0 and 16% higher than the 5-year quarterly average of 8.5
Mercantile Bank's EPS has decreased by 5% YoY
MBWM's P/B is 24% above its 5-year quarterly average of 1.1 and 13% above its last 4 quarters average of 1.2
MBWM's equity is up by 21% year-on-year and by 6% since the previous quarter
The price to sales (P/S) is 27% higher than the 5-year quarterly average of 2.8 and 19% higher than the last 4 quarters average of 3.0
Efficiency
How efficient is Mercantile Bank business performance
MBWM's return on equity is down by 19% year-on-year and by 6% since the previous quarter
The ROA has decreased by 18% YoY and by 7% from the previous quarter
The ROIC is down by 16% YoY and by 6% QoQ
Mercantile Bank's ROS has decreased by 6% YoY and by 2.4% from the previous quarter
Dividends
What is MBWM's dividend history
DPS
$1.4
Dividend yield
2.85%
Payout ratio
28.2%
Recent dividends
Special dividends are included in TTM DPS and yield
Financial health
How did Mercantile Bank financials performed over time
Mercantile Bank's total assets is 11% higher than its total liabilities
Mercantile Bank's total assets has increased by 13% YoY and by 6% QoQ
MBWM's total liabilities is up by 12% year-on-year and by 6% since the previous quarter
MBWM's debt is 33% more than its equity
MBWM's equity is up by 21% year-on-year and by 6% since the previous quarter
The debt to equity has contracted by 15% YoY and by 7% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.