MBWM
Mercantile Bank CorporationNASDAQFinancial Services$51.46+0.80%ClosedMarket Cap: $888.9M
As of 2026-04-06
Valuation
P/E (TTM)
10.01
PEG
0.87
P/B
1.15
P/S
2.39
EV/EBITDA
11.66
DCF Value
$136.21
FCF Yield
1.3%
Div Yield
3.0%
Margins & Returns
Gross Margin
64.0%
Operating Margin
27.5%
Net Margin
23.9%
ROE
13.5%
ROA
1.3%
ROIC
5.7%
Income Statement
| Period | Revenue | Gross Margin | Operating Income | Net Income | EPS | Dividend |
|---|---|---|---|---|---|---|
| Q4 2025 | $93.3M | 65.8% | $24.6M | $22.8M | $1.40 | $0.38 |
| FY 2025 | $371.8M | 64.0% | $102.1M | $88.8M | $5.46 | $1.50 |
| Q3 2025 | $96.0M | 64.8% | $27.4M | $23.8M | $1.46 | $0.38 |
| Q2 2025 | $93.4M | 63.5% | $26.0M | $22.6M | $1.39 | $0.37 |
| Q1 2025 | $89.0M | 61.9% | $24.0M | $19.5M | $1.21 | $0.37 |
| Q4 2024 | $92.7M | 61.6% | $23.2M | $19.6M | $1.22 | $0.36 |
| FY 2024 | $361.9M | 61.9% | $98.3M | $79.6M | $4.93 | $1.42 |
| Q3 2024 | $93.1M | 61.1% | $24.6M | $19.6M | $1.22 | $0.36 |
| Q2 2024 | $88.6M | 60.1% | $23.5M | $18.8M | $1.17 | $0.35 |
| Q1 2024 | $87.6M | 65.0% | $27.0M | $21.6M | $1.34 | $0.35 |
| Q4 2023 | $82.1M | 67.2% | $25.2M | $20.0M | $1.25 | $0.34 |
| FY 2023 | $303.5M | 71.8% | $102.7M | $82.2M | $5.13 | $1.34 |