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Price (delayed)
$44.6
Market cap
$719.74M
P/E Ratio
8.83
Dividend/share
$1.4
EPS
$5.05
Enterprise value
$1.31B
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 15% year-on-year and by 2.7% since the previous quarter
The gross profit has increased by 4.8% YoY
The P/E is 19% higher than the last 4 quarters average of 7.3 and 2% higher than the 5-year quarterly average of 8.5
Key stats
What are the main financial stats of MBWM
Market
Valuations
Earnings
Shares outstanding
16.14M
Market cap
$719.74M
Enterprise value
$1.31B
Price to book (P/B)
1.3
Price to sales (P/S)
3.27
EV/EBIT
12.88
EV/EBITDA
11.62
EV/Sales
5.95
Revenue
$220.24M
EBIT
$101.7M
EBITDA
$112.74M
Free cash flow
$75.03M
Per share
Balance sheet
Liquidity
EPS
$5.05
Free cash flow per share
$4.65
Book value per share
$34.19
Revenue per share
$13.66
TBVPS
$344.41
Total assets
$5.6B
Total liabilities
$5.05B
Debt
$788.11M
Equity
$551.15M
Working capital
N/A
Debt to equity
1.43
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
5.24
Margins
Efficiency
Dividend
EBITDA margin
51.2%
Gross margin
100%
Net margin
36.9%
Operating margin
46.2%
Return on assets
1.5%
Return on equity
15.5%
Return on invested capital
1.7%
Return on capital employed
N/A
Return on sales
46.2%
Dividend yield
3.14%
DPS
$1.4
Payout ratio
27.7%
MBWM stock price
How has the Mercantile Bank stock price performed over time
Intraday
1.9%
1 week
1.83%
1 month
2.01%
1 year
36.39%
YTD
10.45%
QTD
2.01%
Financial performance
How have Mercantile Bank's revenue and profit performed over time
Revenue
$220.24M
Gross profit
$220.24M
Operating income
$101.7M
Net income
$81.23M
Gross margin
100%
Net margin
36.9%
The gross profit has increased by 4.8% YoY
MBWM's revenue is up by 4.8% year-on-year
The company's operating income rose by 3.4% YoY
Mercantile Bank's net income has increased by 2.6% YoY
Growth
What is Mercantile Bank's growth rate over time
Valuation
What is Mercantile Bank stock price valuation
P/E
8.83
P/B
1.3
P/S
3.27
EV/EBIT
12.88
EV/EBITDA
11.62
EV/Sales
5.95
The P/E is 19% higher than the last 4 quarters average of 7.3 and 2% higher than the 5-year quarterly average of 8.5
MBWM's P/B is 16% above its 5-year quarterly average of 1.1 and 7% above its last 4 quarters average of 1.2
MBWM's equity is up by 15% year-on-year and by 2.7% since the previous quarter
The price to sales (P/S) is 14% higher than the 5-year quarterly average of 2.8 and 14% higher than the last 4 quarters average of 2.8
MBWM's revenue is up by 4.8% year-on-year
Efficiency
How efficient is Mercantile Bank business performance
MBWM's return on equity is down by 12% year-on-year and by 5% since the previous quarter
The ROA has decreased by 6% from the previous quarter and by 6% YoY
The ROIC is down by 6% QoQ and by 6% YoY
Dividends
What is MBWM's dividend history
DPS
$1.4
Dividend yield
3.14%
Payout ratio
27.7%
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 9% YoY and by 2.5% QoQ
MBWM's total liabilities is up by 8% year-on-year and by 2.5% since the previous quarter
MBWM's debt is 43% more than its equity
The debt to equity has contracted by 17% YoY and by 6% from the previous quarter
MBWM's equity is up by 15% year-on-year and by 2.7% since the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.