MBWM
Mercantile Bank Corporation
59.50$
+1.0%
vs. previous close
Closing price · As of: Oct 2, 2026
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | Q3 16 | Q4 16 | Q1 17 | Q2 17 | Q3 17 | Q4 17 | Q1 18 | Q2 18 | Q3 18 | Q4 18 | Q1 19 | Q2 19 | Q3 19 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||||||||||||
| 14.5 | 19.3 | 18.3 | 16.8 | 18.3 | 18.7 | 16.0 | 16.8 | 14.4 | 11.2 | 12.5 | 11.8 | 11.3 | 12.1 | 7.2 | 8.1 | 6.7 | 10.0 | 11.1 | 8.5 | 8.3 | 9.3 | 10.0 | 10.2 | 9.3 | 8.7 | 6.9 | 5.6 | 5.9 | 7.9 | 7.5 | 8.1 | 8.8 | 9.0 | 9.1 | 9.2 | 8.5 | 8.8 | 9.5 | 10.4 | |
| 3.2 | 4.4 | 4.1 | 3.7 | 4.1 | 4.0 | 3.7 | 4.0 | 3.6 | 2.9 | 3.2 | 3.1 | 3.0 | 3.2 | 1.9 | 2.0 | 1.6 | 2.3 | 2.7 | 2.5 | 2.5 | 2.8 | 2.9 | 2.6 | 2.4 | 2.5 | 2.1 | 1.7 | 1.7 | 2.1 | 1.9 | 1.9 | 2.0 | 2.0 | 1.9 | 2.0 | 2.0 | 2.1 | 2.3 | 2.6 | |
| 1.3 | 1.8 | 1.6 | 1.5 | 1.6 | 1.6 | 1.5 | 1.6 | 1.5 | 1.3 | 1.4 | 1.3 | 1.3 | 1.4 | 0.8 | 0.9 | 0.7 | 1.0 | 1.2 | 1.1 | 1.1 | 1.2 | 1.3 | 1.2 | 1.1 | 1.2 | 1.0 | 0.9 | 1.0 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.2 | 1.3 | |
| 3.5 | 4.4 | 5.0 | 4.1 | 4.0 | 3.8 | 3.3 | 4.1 | 4.1 | 3.4 | 2.9 | 3.2 | 2.5 | 2.8 | 1.6 | 0.6 | -0.3 | -0.1 | 0.3 | 1.7 | 1.5 | 1.3 | 2.6 | 3.8 | 2.6 | 5.0 | 5.0 | 4.0 | 3.4 | 4.5 | 3.7 | 3.7 | 3.3 | 2.7 | 2.9 | 3.2 | 2.7 | 2.8 | 2.6 | 3.9 | |
| 9.1 | 10.8 | 12.5 | 10.3 | 10.1 | 9.7 | 8.4 | 10.6 | 10.6 | 8.8 | 7.7 | 8.4 | 6.7 | 7.3 | 4.3 | 1.7 | -0.9 | -0.3 | 0.9 | 4.1 | 3.3 | 3.1 | 6.1 | 9.6 | 6.8 | 12.1 | 11.9 | 9.6 | 8.5 | 11.9 | 10.4 | 11.0 | 10.4 | 8.9 | 10.2 | 11.3 | 9.2 | 9.6 | 8.9 | 12.9 | |
| 14.0 | 18.9 | 19.3 | 17.0 | 18.0 | 17.6 | 14.5 | 16.2 | 13.1 | 8.5 | 12.4 | 11.7 | 14.7 | 19.1 | 18.6 | 62.0 | 10.0 | 15.3 | 13.6 | 7.6 | 14.6 | 9.3 | 6.3 | 5.6 | 3.8 | 4.6 | 4.7 | 4.4 | 4.8 | 10.8 | 7.5 | 8.8 | 27.7 | 7.8 | 14.3 | 24.4 | 11.2 | 69.8 | 20.2 | 14.5 | |
| 7.2% | 5.3% | 5.2% | 5.9% | 5.6% | 5.7% | 6.9% | 6.2% | 7.7% | 11.8% | 8.1% | 8.5% | 6.8% | 5.2% | 5.4% | 1.6% | 10.0% | 6.5% | 7.3% | 13.2% | 6.8% | 10.7% | 16.0% | 17.7% | 26.5% | 22.0% | 21.4% | 22.6% | 21.0% | 9.2% | 13.4% | 11.3% | 3.6% | 12.9% | 7.0% | 4.1% | 8.9% | 1.4% | 5.0% | 6.9% | |
| Margins | ||||||||||||||||||||||||||||||||||||||||
| 89.1% | 88.9% | 88.6% | 88.5% | 87.6% | 87.0% | 86.8% | 86.3% | 86.1% | 85.7% | 83.8% | 82.3% | 81.1% | 80.8% | 81.0% | 78.7% | 79.0% | 79.3% | 81.1% | 87.4% | 88.9% | 92.4% | 92.5% | 90.4% | 89.6% | 85.9% | 84.0% | 80.0% | 75.9% | 71.8% | 68.0% | 65.0% | 63.2% | 61.9% | 61.2% | 62.0% | 63.0% | 64.0% | 66.4% | 68.0% | |
| 31.9% | 33.6% | 32.9% | 32.5% | 32.3% | 31.9% | 32.5% | 32.4% | 32.1% | 32.2% | 31.7% | 32.0% | 32.5% | 32.6% | 32.0% | 29.7% | 28.1% | 28.3% | 30.0% | 35.7% | 37.9% | 37.1% | 36.0% | 32.4% | 32.5% | 35.4% | 37.1% | 37.5% | 36.3% | 33.8% | 32.0% | 30.0% | 28.5% | 27.2% | 26.2% | 26.6% | 27.1% | 27.5% | 27.8% | 28.8% | |
| 22.0% | 22.9% | 22.4% | 22.3% | 22.2% | 21.6% | 23.1% | 23.9% | 24.7% | 26.1% | 25.7% | 26.0% | 26.4% | 26.7% | 26.2% | 24.3% | 23.0% | 22.8% | 24.2% | 28.8% | 30.6% | 29.7% | 28.8% | 25.8% | 25.8% | 28.5% | 29.9% | 30.2% | 29.2% | 27.1% | 25.6% | 24.0% | 22.8% | 22.0% | 21.3% | 22.1% | 23.0% | 23.9% | 24.2% | 24.8% | |
| 22.8% | 23.4% | 21.3% | 22.1% | 22.6% | 23.0% | 25.5% | 24.8% | 27.3% | 34.4% | 26.1% | 26.2% | 20.2% | 16.9% | 10.1% | 3.2% | 15.6% | 14.9% | 19.7% | 32.4% | 17.3% | 29.7% | 45.8% | 46.5% | 63.1% | 54.6% | 44.4% | 38.1% | 36.2% | 19.7% | 25.7% | 21.9% | 7.3% | 25.6% | 13.6% | 8.4% | 17.5% | 3.0% | 11.4% | 17.8% | |
| Returns | ||||||||||||||||||||||||||||||||||||||||
| 8.7% | 9.4% | 8.9% | 8.6% | 8.7% | 8.5% | 9.4% | 9.8% | 10.1% | 11.2% | 11.2% | 11.3% | 11.7% | 11.9% | 11.5% | 10.7% | 10.0% | 10.0% | 10.8% | 12.6% | 13.6% | 12.9% | 12.9% | 11.6% | 12.2% | 13.8% | 15.1% | 16.5% | 17.4% | 15.7% | 15.4% | 14.7% | 13.7% | 13.6% | 12.8% | 12.9% | 13.0% | 12.2% | 12.5% | 12.6% | |
| 1.0% | 1.0% | 1.0% | 1.0% | 1.0% | 1.0% | 1.0% | 1.1% | 1.2% | 1.2% | 1.2% | 1.3% | 1.3% | 1.4% | 1.3% | 1.0% | 1.0% | 1.0% | 1.0% | 1.2% | 1.2% | 1.1% | 1.1% | 1.0% | 1.0% | 1.3% | 1.4% | 1.5% | 1.6% | 1.5% | 1.5% | 1.4% | 1.4% | 1.3% | 1.3% | 1.3% | 1.4% | 1.3% | 1.3% | 1.4% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||||||||||||
| 50 | -7.1 | 119 | 54 | -9.4 | -36 | -61 | 15 | 78 | 74 | -57 | 16 | -78 | -84 | -56 | -256 | -350 | -460 | -463 | -148 | -207 | -282 | -47 | 224 | 52 | 543 | 702 | 618 | 494 | 706 | 577 | 590 | 449 | 255 | 363 | 443 | 261 | 256 | 124 | 518 | |
| 0.9 | -0.1 | 2.2 | 1.0 | -0.2 | -0.6 | -1.0 | 0.2 | 1.3 | 1.2 | -0.9 | 0.2 | -1.1 | -1.2 | -0.8 | -4.0 | -5.7 | -7.2 | -6.5 | -1.8 | -2.3 | -3.2 | -0.6 | 2.9 | 0.7 | 6.1 | 7.0 | 5.6 | 4.3 | 6.2 | 5.0 | 5.2 | 4.0 | 2.3 | 3.5 | 4.2 | 2.4 | 2.4 | 1.1 | 4.4 | |
| 11.4% | 11.1% | 11.5% | 11.4% | 11.1% | 11.1% | 11.2% | 11.4% | 11.5% | 11.2% | 10.8% | 11.2% | 11.0% | 11.5% | 11.4% | 9.9% | 9.8% | 10.0% | 9.4% | 9.5% | 9.1% | 8.7% | 8.4% | 8.5% | 8.3% | 9.1% | 9.5% | 9.3% | 9.2% | 9.7% | 9.8% | 9.8% | 9.9% | 9.7% | 9.9% | 10.2% | 10.4% | 10.6% | 10.6% | 11.1% | |
| 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 | 0.4 | 1.4 | 1.4 | 1.5 | 1.7 | 1.6 | 0.8 | 1.5 | 1.6 | 1.7 | 1.6 | 1.6 | 1.5 | 1.4 | 1.3 | 1.1 | 1.2 | 1.2 | 1.1 | 1.0 | 1.0 | 0.8 | |
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| 1.86 | 1.95 | 1.88 | 1.87 | 1.90 | 1.89 | 2.08 | 2.21 | 2.31 | 2.53 | 2.61 | 2.75 | 2.91 | 3.02 | 2.95 | 2.79 | 2.67 | 2.71 | 2.93 | 3.54 | 3.88 | 3.76 | 3.55 | 3.15 | 3.21 | 3.84 | 4.41 | 4.95 | 5.24 | 5.12 | 5.14 | 5.04 | 4.96 | 4.93 | 4.79 | 5.02 | 5.27 | 5.46 | 5.33 | 5.52 | |
| 8.45 | 8.52 | 8.39 | 8.42 | 8.58 | 8.74 | 8.99 | 9.23 | 9.38 | 9.70 | 10.16 | 10.60 | 11.04 | 11.31 | 11.28 | 11.50 | 11.61 | 11.89 | 12.11 | 12.31 | 12.67 | 12.66 | 12.35 | 12.21 | 12.45 | 13.47 | 14.77 | 16.40 | 17.95 | 18.92 | 20.08 | 21.00 | 21.77 | 22.42 | 22.43 | 22.70 | 22.87 | 22.86 | 22.00 | 22.25 | |
| 21.43 | 20.81 | 21.16 | 21.69 | 21.98 | 22.13 | 22.18 | 22.57 | 22.83 | 22.61 | 23.35 | 24.35 | 24.84 | 25.44 | 25.59 | 26.23 | 26.60 | 27.12 | 27.10 | 28.04 | 28.52 | 29.09 | 27.55 | 27.07 | 26.24 | 27.78 | 29.22 | 29.91 | 30.17 | 32.54 | 33.29 | 34.18 | 36.15 | 36.21 | 37.56 | 38.94 | 40.52 | 44.57 | 42.75 | 43.76 | |
| 1.93 | 1.99 | 1.78 | 1.86 | 1.94 | 2.01 | 2.29 | 2.29 | 2.56 | 3.34 | 2.65 | 2.78 | 2.23 | 1.91 | 1.14 | 0.36 | 1.81 | 1.77 | 2.38 | 3.99 | 2.19 | 3.76 | 5.65 | 5.68 | 7.86 | 7.35 | 6.55 | 6.25 | 6.49 | 3.74 | 5.16 | 4.60 | 1.58 | 5.74 | 3.04 | 1.90 | 4.01 | 0.69 | 2.50 | 3.95 | |
Showing the most recent 40 periods — older statements are on file for this stock.
Data as of: October 2, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.