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Mercantile Bank Corp

NASDAQ • Financial Services • Banks - Regional • Quote as of 10/16/2026 16:00
Mercantile Bank Corp stock price and volume chart

Company Profile

IndustryBanks - Regional
SectorFinancial Services
ExchangeNASDAQ
Market Capitalization997.23 mln
Float16.62 mln
Earnings Date10/20/2026

EPS

5.69
Strong

P / E

10.30
Fair value

Piotroski F-Score

7 / 9
Strong

Relative Strength

51 / 100
In line with market

Debt / Equity

0.92
Moderate leverage

Pre-Tax Margin

43%
Very strong margin

Business Description

Mercantile Bank Corporation is a Michigan-based bank holding company founded in 1997 and headquartered in Grand Rapids, serving individuals and small to mid-sized businesses across the United States. The company offers a broad range of deposit accounts, lending products, and mortgage services, covering everything from business and construction loans to home equity lines, auto financing, and credit cards. Customers can also access insurance products spanning personal, property, and small business coverage, along with practical banking conveniences such as courier services and safe deposit boxes.

Key Fundamentals

EPS5.69
P/E10.30
ROE13.58
RPS15.75
ROIC1.79
ROA1.44
Interest Cover0.89
EBITDA, mln145
EV / EBITDA11.23
EV / EBIT11.84
Revenue, mln261
EV / Revenue6.26

Quote Details

Last 58.61
Change 0.29 (0.5%)
Open 58.58
Volume 117,751
Turnover 6,901,386
Average Volume 110,660

Financial Ratios

Pre-Tax Profit Margin43
Leverage Ratio9.03
Current Ratio0.22
Price / Book1.34
Price / Tangible Book1.52
Price / Cash Flow13.76
Price / Free Cash Flow14.42
Debt / Equity0.92
Price / Sales3.75
PEG Ratio1.10

Financial Strength

Piotroski F-Score 7 / 9
Price to Intrinsic Value0.71
Price to Lynch Fair Value0.94
Price to Graham Number0.83
Shiller PE Ratio13.62
Short Ratio5.38
Short % of Float3.72

Price Performance & Relative Strength

Period Price Performance Relative Strength
1 Week 1.44% 84 / 100   
1 Month -2.93% 46 / 100   
2 Months 2.73% 79 / 100   
6 Months 10.73% 84 / 100   
1 Year 32.72% 88 / 100   



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