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Mercantile Bank Corporation MBWM

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Price alert · MBWM

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59.81 USD -0.84 -1.38%

At close · Oct 30

59.81 0.00 0.00%

After hours · Oct 30, 4:00 PM ET

Bid
59.82 × 2
Ask
59.87 × 2
59.71 Day range 61.29
43.74 52-week range 62.14
YTD
+24.35%
1 year
+36.49%
Open
61.29
Prev close
60.65
Mkt cap
1.03B
Vol
114.38K
Avg vol
114.43K
EPS
5.62
P/E
10.64
Div yield
2.64%
More statistics
Low
59.71
High
61.29
Forward P/E
10.17
Beta
0.84
Short ratio
4.89
Inst. own
71.96%
Dividend
1.60
Ex-div date
Dec 3, 2026
Earnings
Jan 19, 2027
50-d avg
59.74
200-d avg
55.37
1y target
64.17

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Financial health

Altman Z-Score

-0.39 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

6 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B+3 / 5 overall

  • DCF 4
  • Return on Equity 4
  • Return on Assets 4
  • Debt / Equity 2
  • P/E 3
  • P/B 2

Valuation

P/E 8.8×
FY 2016: 19.2×FY 2017: 18.6×FY 2018: 11.2×FY 2019: 12.1×FY 2020: 10.0×FY 2021: 9.5×FY 2022: 8.7×FY 2023: 7.9×FY 2024: 9.0×FY 2025: 8.8×
FY 2016 5y median 8.8× FY 2025
P/S 2.1×
FY 2016: 4.4×FY 2017: 4.0×FY 2018: 2.9×FY 2019: 3.2×FY 2020: 2.3×FY 2021: 2.8×FY 2022: 2.5×FY 2023: 2.1×FY 2024: 2.0×FY 2025: 2.1×
FY 2016 5y median 2.1× FY 2025
P/B 1.1×
FY 2016: 1.8×FY 2017: 1.6×FY 2018: 1.3×FY 2019: 1.4×FY 2020: 1.0×FY 2021: 1.2×FY 2022: 1.2×FY 2023: 1.2×FY 2024: 1.2×FY 2025: 1.1×
FY 2016 5y median 1.2× FY 2025
P/FCF 69.8×
FY 2016: 18.9×FY 2017: 17.5×FY 2018: 8.5×FY 2019: 19.1×FY 2020: 15.3×FY 2021: 9.5×FY 2022: 4.5×FY 2023: 10.8×FY 2024: 7.8×FY 2025: 69.8×
FY 2016 5y median 9.5× FY 2025
EV/EBITDA 10.5×
FY 2016: 13.9×FY 2017: 13.6×FY 2018: 14.5×FY 2019: 12.4×FY 2020: 5.8×FY 2021: 3.2×FY 2022: 12.1×FY 2023: 11.8×FY 2024: 8.9×FY 2025: 10.5×
FY 2016 5y median 10.5× FY 2025
EV/Sales 3.1×
FY 2016: 5.6×FY 2017: 5.3×FY 2018: 5.6×FY 2019: 4.7×FY 2020: 1.9×FY 2021: 1.4×FY 2022: 5.0×FY 2023: 4.5×FY 2024: 2.7×FY 2025: 3.1×
FY 2016 5y median 3.1× FY 2025
FCF Yield 1.4%
FY 2016: 5.3%FY 2017: 5.7%FY 2018: 11.8%FY 2019: 5.2%FY 2020: 6.5%FY 2021: 10.5%FY 2022: 22.0%FY 2023: 9.3%FY 2024: 12.9%FY 2025: 1.4%
FY 2016 5y median 10.5% FY 2025

Profitability

Gross Margin 64.0%
FY 2016: 88.9%FY 2017: 87.0%FY 2018: 85.7%FY 2019: 80.8%FY 2020: 79.3%FY 2021: 92.4%FY 2022: 85.9%FY 2023: 71.8%FY 2024: 61.9%FY 2025: 64.0%
FY 2016 5y median 71.8% FY 2025
Operating Margin 27.5%
FY 2016: 33.6%FY 2017: 31.9%FY 2018: 32.2%FY 2019: 32.6%FY 2020: 28.3%FY 2021: 37.1%FY 2022: 35.4%FY 2023: 33.8%FY 2024: 27.2%FY 2025: 27.5%
FY 2016 5y median 33.8% FY 2025
Net Margin 23.9%
FY 2016: 22.9%FY 2017: 21.6%FY 2018: 26.1%FY 2019: 26.7%FY 2020: 22.8%FY 2021: 29.7%FY 2022: 28.5%FY 2023: 27.1%FY 2024: 22.0%FY 2025: 23.9%
FY 2016 5y median 27.1% FY 2025
ROE 12.2%
FY 2016: 9.4%FY 2017: 8.5%FY 2018: 11.2%FY 2019: 11.9%FY 2020: 10.0%FY 2021: 12.9%FY 2022: 13.8%FY 2023: 15.7%FY 2024: 13.6%FY 2025: 12.2%
FY 2016 5y median 13.6% FY 2025
ROIC 5.7%
FY 2016: 4.6%FY 2017: 4.2%FY 2018: 4.8%FY 2019: 5.4%FY 2020: 4.4%FY 2021: 5.1%FY 2022: 5.6%FY 2023: 5.7%FY 2024: 5.9%FY 2025: 5.7%
FY 2016 5y median 5.7% FY 2025
ROA 1.3%
FY 2016: 1.0%FY 2017: 1.0%FY 2018: 1.2%FY 2019: 1.4%FY 2020: 1.0%FY 2021: 1.1%FY 2022: 1.3%FY 2023: 1.5%FY 2024: 1.3%FY 2025: 1.3%
FY 2016 5y median 1.3% FY 2025

Growth (YoY)

Revenue 2.7%
FY 2016: 8.7%FY 2017: 3.6%FY 2018: 11.4%FY 2019: 15.1%FY 2020: 4.4%FY 2021: 2.7%FY 2022: 7.7%FY 2023: 41.9%FY 2024: 19.2%FY 2025: 2.7%
FY 2016 FY 2025
Operating Income 3.9%
FY 2016: 20.7%FY 2017: -1.7%FY 2018: 12.5%FY 2019: 16.7%FY 2020: -9.3%FY 2021: 34.4%FY 2022: 2.8%FY 2023: 35.5%FY 2024: -4.3%FY 2025: 3.9%
FY 2016 FY 2025
EPS (diluted) 10.8%
FY 2016: 21.0%FY 2017: -3.1%FY 2018: 33.2%FY 2019: 19.0%FY 2020: -10.0%FY 2021: 36.2%FY 2022: 4.3%FY 2023: 33.2%FY 2024: -3.9%FY 2025: 10.8%
FY 2016 FY 2025
Free Cash Flow -87.9%
FY 2016: -6.7%FY 2017: 2.0%FY 2018: 66.7%FY 2019: -43.6%FY 2020: -7.7%FY 2021: 104.1%FY 2022: 98.1%FY 2023: -48.7%FY 2024: 54.5%FY 2025: -87.9%
FY 2016 FY 2025

Financial Health

Current Ratio 0.3×
FY 2016: 0.2×FY 2017: 0.2×FY 2018: 0.2×FY 2019: 0.2×FY 2020: 0.3×FY 2021: 0.4×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.3×
FY 2016 5y median 0.2× FY 2025
Quick Ratio 0.3×
FY 2016: 0.2×FY 2017: 0.2×FY 2018: 0.2×FY 2019: 0.2×FY 2020: 0.3×FY 2021: 0.4×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.3×
FY 2016 5y median 0.2× FY 2025
Debt / Equity 1.1×
FY 2016: 1.0×FY 2017: 1.1×FY 2018: 1.3×FY 2019: 1.2×FY 2020: 1.3×FY 2021: 1.5×FY 2022: 1.5×FY 2023: 1.6×FY 2024: 1.1×FY 2025: 1.1×
FY 2016 5y median 1.5× FY 2025
Net Debt / EBITDA 3.3×
FY 2016: 3.0×FY 2017: 3.3×FY 2018: 6.9×FY 2019: 3.9×FY 2020: -1.0×FY 2021: -3.2×FY 2022: 6.1×FY 2023: 6.2×FY 2024: 2.3×FY 2025: 3.3×
FY 2016 5y median 3.3× FY 2025
Interest Coverage 0.8×
FY 2016: 3.7×FY 2017: 2.9×FY 2018: 2.4×FY 2019: 1.8×FY 2020: 2.1×FY 2021: 3.8×FY 2022: 3.2×FY 2023: 1.3×FY 2024: 0.8×FY 2025: 0.8×
FY 2016 5y median 1.3× FY 2025

Dividends

Dividend Yield 3.1%
FY 2016: 3.0%FY 2017: 2.1%FY 2018: 5.9%FY 2019: 2.9%FY 2020: 4.1%FY 2021: 3.3%FY 2022: 3.7%FY 2023: 3.2%FY 2024: 3.1%FY 2025: 3.1%
FY 2016 5y median 3.2% FY 2025
Payout Ratio 27.0%
FY 2016: 58.7%FY 2017: 38.5%FY 2018: 65.4%FY 2019: 34.6%FY 2020: 40.6%FY 2021: 31.4%FY 2022: 32.1%FY 2023: 25.5%FY 2024: 28.2%FY 2025: 27.0%
FY 2016 5y median 28.2% FY 2025

Annual · latest fiscal year ends 2025-12-31