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Friday 6 November 2026
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Mercantile Bank Corporation
MBWM Financial Banks Regional
Mercantile Bank Corporation’s revenue for fiscal 2025 (year ended December 2025) was $371.8 million, up 2.74% from fiscal 2024.
- Revenue
- +6.81%
- EPS
- −4.79%
- Free cash flow
- +122.4%
- Total debt
- −8.19%
Quarter to September 2026, against a year earlier
60.34
1.22
−1.98%
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Mercantile Bank Corporation (MBWM) P/E ratio
As of 5 November 2026, Mercantile Bank Corporation (MBWM) trades at a P/E ratio of 10.8×. Over the past ten years it has ranged from 5.4× (May 2023) to 20.5× (December 2016); the current reading is higher than 52% of that period. That is below the Banks Regional industry median of 12.0× and below the Financial sector median of 12.2×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 8.8× | (1.98%) |
| FY2024 | 9.0× | 14.52% |
| FY2023 | 7.8× | (10.21%) |
| FY2022 | 8.7× | (8.18%) |
| FY2021 | 9.5× | (4.71%) |
| FY2020 | 10.0× | (17.56%) |
| FY2019 | 12.1× | 8.90% |
| FY2018 | 11.1× | (40.10%) |
| FY2017 | 18.6× | (3.47%) |
| FY2016 | 19.2× | 27.80% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Sep 2026 | 10.4× | 2.83% |
| Jun 2026 | 10.1× | 11.50% |
| Mar 2026 | 9.1× | 2.92% |
| Dec 2025 | 8.8× | 3.37% |
| 43 more quarters | Free account |
Against its own ten years
Low 5.4×
High 20.5×
Ten-year median
10.6×
Current reading's percentile
57
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| HBNC Horizon Bancorp (IN) compare | n/m |
| SBSI Southside Bancshares, Inc. compare | 10.4× |
| CCNE CNB Financial Corporation compare | 10.7× |
| MBWM Mercantile Bank Corporation | 10.8× |
| BFST Business First Bancshares, Inc. compare | 11.3× |
| MCBS MetroCity Bankshares, Inc. compare | 11.8× |
| CFFN Capitol Federal Financial compare | 13.1× |
| EGBN Eagle Bancorp, Inc. compare | 23.6× |
| EQBK Equity Bancshares, Inc. compare | 28.8× |
| Banks Regional industry median | 12.0× |
| Financial sector median | 12.2× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)