Mercantile Bank Corporation

As of June 30, 2026, Mercantile Bank Corporation carries a market capitalization of 857.38M, placing it among publicly traded companies globally. Its enterprise value stands at -2.37M, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Mercantile Bank Corporation's next confirmed earnings release is scheduled for January 19, 2027.

As of June 30, 2026, Mercantile Bank Corporation has 17.29M shares outstanding.

As of June 30, 2026, Mercantile Bank Corporation trades at a trailing price-to-earnings ratio of 9.97. The price-to-sales ratio is 3.64, and the price-to-book ratio stands at 1.30.

These figures are as of June 30, 2026.

Over the twelve months ended June 30, 2026, Mercantile Bank Corporation posted a return on equity (ROE) of 13.73, showing how much profit the company earns on every dollar of shareholder capital. Return on assets (ROA) stands at 1.46, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 8.09, useful for judging operating efficiency across full business cycles. The company generates approximately 317,060.41 in revenue per employee across its workforce of 720.00, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, Mercantile Bank Corporation recorded 14.65M in income tax expense. That works out to an effective tax rate of 14.95, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 97.99M, leaving 83.34M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on October 22, 2026, Mercantile Bank Corporation's stock has gained approximately 35.42% over the past 52 weeks. The 50-day moving average sits at 51.29, while the 200-day moving average is 45.45.

Over the twelve months ended June 30, 2026, Mercantile Bank Corporation generated 228.28M in revenue and converted that into 83.34M in net income, yielding earnings per share of 4.97.

As of June 30, 2026, Mercantile Bank Corporation holds 1.27B in cash and equivalents against 412.71M in total debt, resulting in a net debt position of 114.29M.

Mercantile Bank Corporation produced 63.31M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -3.62M in capital expenditures, free cash flow totaled 59.70M - equivalent to 3.56 per share.

These figures cover the twelve months ended June 30, 2026.

Over the twelve months ended June 30, 2026, Mercantile Bank Corporation paid dividends of 1.33 per share. The dividend payout ratio of 26.69 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 7.18, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield is negative at -3.59, meaning Mercantile Bank Corporation raised more capital through share issuance and new debt than it returned via dividends and buybacks.

Mercantile Bank Corporation's most recent stock split took place on April 19, 2007 with a 20:21 split ratio.