# Mercantile Bank Corporation (MBWM) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Financial Services / Banks. Price $60.36, market value $1.0 billion.

## Valuation
- **P/E (trailing): 10.7×** (5-yr avg 8.1×, 3-yr avg 8.2×). Mercantile Bank Corporation trades at 10.7× trailing earnings, well above its own five-year average of 8.1×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 10.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.94**. A PEG of 0.94 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **Earnings yield: 9.3%**. The inverse of the P/E: 9.3% of the price is earned each year.

## Profitability
- **Return on equity: 12.2%**. 12.2% on shareholders' equity is solid.

## Growth
- **EPS growth (1 yr): 11.0%** (3-yr 12.4%/yr, 5-yr 15.1%/yr). Earnings per share rose 11.0%.

## Dividends
- **Dividend yield: 2.65%** ($1.56 per share, trailing). Mercantile Bank Corporation yields 2.65%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 27%**. 27% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 6.0%/yr** (1-yr 5.6%). The dividend has grown 6.0% a year over five years.

## Analyst view
- **Analyst consensus: hold** (6 analysts). 6 analysts cover Mercantile Bank Corporation; the consensus is hold, with an average price target of $64.17 (+6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 42.8%** (YTD 29.2%, 3-mo 0.8%). The shares are up 42.8% over twelve months including dividends.
- **From 52-week high: -4.1%** (40.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): 0.43** (volatility 23%). Beta of 0.43 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MBWM · Page: https://foliofundamentals.com/stocks/mbwm

Not investment advice.