Mercantile Bank Corporation

Mercantile Bank Corporationverified

MBWM

Price:

$50.73

Market Cap:

$818.88M

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as ...[Read more]

Industry

Banks - Regional

IPO Date

1999-07-20

Stock Exchange

NASDAQ

Ticker

MBWM

The PE Ratio as of December 2024 (TTM) for Mercantile Bank Corporation (MBWM) is 10.23

According to Mercantile Bank Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 10.23. This represents a change of 25.42% compared to the average of 8.16 of the last 4 quarters.

Mercantile Bank Corporation (MBWM) Historical PE Ratio (quarterly & annually)

How has MBWM PE Ratio performed in the past?

The mean historical PE Ratio of Mercantile Bank Corporation over the last ten years is 12.87. The current 10.23 PE Ratio has changed 7.85% with respect to the historical average. Over the past ten years (40 quarters), MBWM's PE Ratio was at its highest in in the December 2016 quarter at 19.06. The PE Ratio was at its lowest in in the June 2023 quarter at 5.43.

Quarterly (TTM)
Annual

Average

12.87

Median

11.63

Minimum

7.87

Maximum

19.25

Mercantile Bank Corporation (MBWM) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Mercantile Bank Corporation PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 48.49%

Maximum Annual PE Ratio = 19.25

Minimum Annual Increase = -40.10%

Minimum Annual PE Ratio = 7.87

Quarterly (TTM)
Annual
YearPE RatioChange
20237.87-9.54%
20228.70-8.35%
20219.49-5.25%
202010.01-17.22%
201912.108.37%
201811.16-40.10%
201718.64-3.17%
201619.2527.59%
201515.08-7.95%
201416.3948.49%

Mercantile Bank Corporation (MBWM) Average PE Ratio

How has MBWM PE Ratio performed in the past?

The current PE Ratio of Mercantile Bank Corporation (MBWM) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

8.68

5-year avg

9.63

10-year avg

12.87

Mercantile Bank Corporation (MBWM) PE Ratio vs. Peers

How is MBWM’s PE Ratio compared to its peers?

Mercantile Bank Corporation’s PE Ratio is less than Macatawa Bank Corporation (12.42), less than Great Southern Bancorp, Inc. (12.92), less than The First Bancorp, Inc. (11.97), greater than MidWestOne Financial Group, Inc. (-7.07), less than Lakeland Financial Corporation (19.22),

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