MBWM Mercantile Bank PE ratio, current and historical analysis
The price-to-earnings ratio for Mercantile Bank stock stands at 9.79 as of Feb 4, 2025. This is calculated based on the current EPS of $4.97 and the stock price of $48.67 per share. An increase of 22% has been recorded in the PE ratio compared to the average of 8.0 of the last four quarters.
MBWM PE ratio history
Over the last ten years, the average PE ratio of Mercantile Bank has been 11.6. The current 9.79 P/E ratio is 16% lower than the historical average. In the past ten years, MBWM's PE ratio peaked in the Dec 2016 quarter at 19.23, with a price of $37.7 and an EPS of $1.96. The Jun 2023 quarter marked the lowest point at 5.57, with a price of $27.62 and an EPS of $4.96.
Mercantile Bank PE ratio by year
Maximum annual increase: 434.91% in 2012
Maximum annual decrease: -40.01% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2023 | 7.87 | -9.54% | $40.38 | $5.13 |
| 2022 | 8.7 | -8.32% | $33.48 | $3.85 |
| 2021 | 9.49 | -5.38% | $35.03 | $3.69 |
| 2020 | 10.03 | -17.24% | $27.17 | $2.71 |
| 2019 | 12.12 | 8.5% | $36.47 | $3.01 |
| 2018 | 11.17 | -40.01% | $28.26 | $2.53 |
| 2017 | 18.62 | -3.17% | $35.37 | $1.9 |
| 2016 | 19.23 | 27.69% | $37.7 | $1.96 |
| 2015 | 15.06 | -8.28% | $24.54 | $1.63 |
| 2014 | 16.42 | 49.14% | $21.02 | $1.28 |
| 2013 | 11.01 | -11.28% | $21.58 | $1.96 |
| 2012 | 12.41 | 434.91% | $16.5 | $1.33 |
| 2011 | 2.32 | N/A | $9.75 | $4.2 |
| 2010 | N/A | N/A | $8.2 | -$1.72 |
| 2009 | N/A | N/A | $3.08 | -$6.23 |
Mercantile Bank PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2024 | 8.8 | 9.59% | $43.72 | $4.97 |
| Jun 2024 | 8.03 | 7.5% | $40.57 | $5.05 |
| Mar 2024 | 7.47 | -5.08% | $38.49 | $5.15 |
| Dec 2023 | 7.87 | 33.62% | $40.38 | $5.13 |
| Sep 2023 | 5.89 | 5.75% | $30.91 | $5.25 |
| Jun 2023 | 5.57 | -19.28% | $27.62 | $4.96 |
| Mar 2023 | 6.9 | -20.69% | $30.58 | $4.43 |
| Dec 2022 | 8.7 | -5.74% | $33.48 | $3.85 |
| Sep 2022 | 9.23 | -8.7% | $29.71 | $3.22 |
| Jun 2022 | 10.11 | 1% | $31.95 | $3.16 |
| Mar 2022 | 10.01 | 5.48% | $35.42 | $3.54 |
| Dec 2021 | 9.49 | 12.57% | $35.03 | $3.69 |
| Sep 2021 | 8.43 | -1.98% | $32.03 | $3.8 |
| Jun 2021 | 8.6 | -22.38% | $30.2 | $3.51 |
| Mar 2021 | 11.08 | 10.47% | $32.47 | $2.93 |
MBWM average PE ratio chart
Currently, MBWM's PE ratio is higher than its 3 and 5-year historical averages, but it is lower than the 10-year average.
MBWM PE vs peers
MBWM's PE ratio stands lower than its peer stocks FITB and SRCE.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MBWM Mercantile Bank Corp | 9.7 | $778.36M |
| IBCP Independent Bank Corp | 12.08 | $751.98M |
| SRCE 1St Source Corp | 12.2 | $1.57B |
| FITB Fifth Third Bancorp | 14.49 | $29.34B |
Frequently asked questions
What is Mercantile Bank's PE ratio?
The price to earnings ratio for MBWM stock is 9.79 as of Feb 4, 2025.
What is the 3-year average PE ratio for Mercantile Bank (MBWM)?
The average PE ratio for MBWM stock over the past 3 years is 8.05.
What is the 5-year average PE ratio for Mercantile Bank (MBWM)?
The average PE ratio for MBWM stock over the past 5 years is 8.33.
What is the highest PE ratio for MBWM?
The highest quarterly PE ratio in the last ten years has been 19.23 and it was in the Dec 2016 quarter.
How does the current PE ratio for MBWM compare to its historical average?
The current price to earnings ratio of MBWM is 16% lower than the 10-year historical average.
Why is Mercantile Bank's PE ratio so low?
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
How is MBWM's PE ratio calculated (Mercantile Bank PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Feb 4, 2025), Mercantile Bank's stock price is $48.67. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $4.97. Therefore, Mercantile Bank's PE ratio for today is 9.79. PE RATIO(9.79) = STOCK PRICE($48.67) / TTM EPS($4.97)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.