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MERCANTILE BANK CORP (MBWM)

MERCANTILE BANK CORP (MBWM) stock — the fundamentals (P/E, market cap, valuation) and every material event, decoded in plain English.

MERCANTILE BANK CORP (MBWM) stock — financials & valuation

Key numbers for MERCANTILE BANK CORP (MBWM): P/E ratio, market cap, profit margins, returns, and whether the stock looks cheap or expensive versus its own 5-year range.

AllSight quality score: 50/100 — a percentile rank of MERCANTILE BANK CORP’s fundamentals against Finance & Real Estate peers, weakest on management. A quality ranking, not a price prediction.

Market cap$1.0B
P / E10.6×
P / S2.6×
EV / EBITDA12.3×
Gross margin67.8%
Operating margin29.1%
Net margin24.8%
Return on equity12.6%
ROIC8.2%
Revenue growth4.5%
Debt / equity0.6×
Dividend yield2.5%

Is MERCANTILE BANK CORP overvalued? P/E looks overvalued vs its 5-year range; P/S looks overvalued vs its 5-year range; EV/EBITDA looks overvalued vs its 5-year range; P/B looks overvalued vs its 5-year range.

Independent of the events above — derived from MERCANTILE BANK CORP’s own financial statements and shown as context, never as advice.

Sep 25, 2026$3M integration bonus plan
Mercantile Bank earmarks $3 million for Eastern Michigan integration and Jack Henry conversion
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