← MERCANTILE BANK CORP MBWM
Market Price
$61.51
Market Cap
$1.06B
P/E Ratio
11.24
Revenue (FY 2025)
↑4.8% YoY
$242.65M
3-Yr CAGR: 8.4%
Net Income
↑11.5% YoY
$88.75M
Net Margin: 36.6%
Free Cash Flow
↓-87.9% YoY
$11.21M
FCF Yield: 1.06%
EPS (Diluted)
↑11.0% YoY
$5.47
Basic: $5.47
Return on Equity
Efficiency
12.2%
ROA: 1.3%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (MBWM)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $126.9M | — | $114.3M | $31.9M | — | $1.96 | — | $34.6M | $34.6M | — |
| FY 2017 | $128.7M | +1.5% | $113.0M | $31.3M | -2.0% | $1.90 | -3.1% | $38.7M | $38.7M | +11.7% |
| FY 2018 | $139.1M | +8.0% | $117.2M | $42.0M | +34.4% | $2.53 | +33.2% | $61.7M | $61.7M | +59.7% |
| FY 2019 | $151.5M | +8.9% | $117.7M | $49.5M | +17.7% | $3.01 | +19.0% | $44.8M | $44.8M | -27.5% |
| FY 2020 | $167.4M | +10.5% | $141.4M | $44.1M | -10.8% | $2.71 | -10.0% | $37.9M | $37.9M | -15.4% |
| FY 2021 | $180.3M | +7.7% | $160.8M | $59.0M | +33.7% | $3.69 | +36.2% | $64.6M | $64.6M | +70.5% |
| FY 2022 | $190.3M | +5.6% | $166.7M | $61.1M | +3.5% | $3.85 | +4.3% | $119.9M | $119.8M | +85.6% |
| FY 2023 | $225.7M | +18.6% | $147.9M | $82.2M | +34.6% | $5.13 | +33.2% | $66.6M | $60.5M | -49.5% |
| FY 2024 | $231.5M | +2.6% | $101.1M | $79.6M | -3.2% | $4.93 | -3.9% | $101.1M | $92.9M | +53.4% |
| FY 2025 | $242.7M | +4.8% | $113.5M | $88.8M | +11.5% | $5.47 | +11.0% | $18.0M | $11.2M | -87.9% |
Valuation
Market Price
$61.51
Market Cap
$1.06B
Enterprise Value
N/A
P/E Ratio
11.24
P/B Ratio
1.47
FCF Yield
1.06%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
46.78%
Operating Margin
42.65%
Net Margin
36.58%
Return on Equity (ROE)
12.24%
Return on Assets (ROA)
1.30%
Asset Turnover
0.04x
Revenue 3-Yr CAGR
8.43%
Financial Health & Liquidity
Current Ratio
N/A
Cash Ratio
N/A
Debt / Equity
N/A
Debt / Assets
N/A
Cash & Equivalents
N/A
Total Debt
N/A
Book Value / Share
$41.96
Cash Flow Efficiency
Operating Cash Flow
$17.97M
Capital Expenditures (CapEx)
$6.76M
Free Cash Flow
$11.21M
OCF / Revenue
7.41%
FCF / Revenue
4.62%
FCF 3-Yr CAGR
-54.61%
Per Share Metrics
EPS (Diluted)
$5.47
EPS (Basic)
$5.47
Dividends / Share
N/A
Book Value / Share
$41.96
EPS YoY Growth
10.95%
Balance Sheet (FY 2025)
Total Assets
$6.84B
Total Liabilities
$6.11B
Stockholders' Equity
$724.88M
Current Assets
N/A
Current Liabilities
N/A