Mercantile Bank PE Ratio 2010-2025 | MBWM

Current and historical p/e ratio for Mercantile Bank (MBWM) from 2010 to 2025. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. Mercantile Bank PE ratio as of August 21, 2025 is 9.46.

Please refer to the Stock Price Adjustment Guide for more information on our historical prices.

Mercantile Bank PE Ratio Historical Data
Date Stock Price TTM Net EPS PE Ratio
2025-08-21 46.91 9.31
2025-06-30 46.41 $5.04 9.21
2025-03-31 43.07 $4.82 8.94
2024-12-31 43.75 $4.95 8.84
2024-09-30 42.69 $4.98 8.57
2024-06-30 39.29 $5.06 7.77
2024-03-31 36.93 $5.16 7.16
2023-12-31 38.37 $5.13 7.48
2023-09-30 29.09 $5.25 5.54
2023-06-30 25.73 $4.96 5.19
2023-03-31 28.12 $4.43 6.35
2022-12-31 30.50 $3.85 7.92
2022-09-30 26.81 $3.22 8.33
2022-06-30 28.56 $3.16 9.04
2022-03-31 31.36 $3.54 8.86
2021-12-31 30.76 $3.68 8.36
2021-09-30 27.87 $3.81 7.31
2021-06-30 26.03 $3.52 7.39
2021-03-31 27.73 $2.94 9.43
2020-12-31 22.99 $2.72 8.45
2020-09-30 15.08 $2.66 5.67
2020-06-30 18.67 $2.77 6.74
2020-03-31 17.28 $2.94 5.88
2019-12-31 29.49 $3.01 9.80
2019-09-30 26.32 $2.90 9.07
2019-06-30 25.91 $2.74 9.46
2019-03-31 25.81 $2.60 9.93
2018-12-31 22.12 $2.54 8.71
2018-09-30 25.20 $2.32 10.86
2018-06-30 27.72 $2.22 12.49
2018-03-31 24.79 $2.10 11.81
2017-12-31 26.21 $1.90 13.80
2017-09-30 25.73 $1.91 13.47
2017-06-30 23.06 $1.88 12.27
2017-03-31 25.05 $1.89 13.26
2016-12-31 27.31 $1.95 14.01
2016-09-30 19.08 $1.86 10.26
2016-06-30 16.85 $1.83 9.21
2016-03-31 15.73 $1.76 8.94
2015-12-31 17.10 $1.63 10.49
2015-09-30 14.39 $1.60 8.99
2015-06-30 14.72 $1.50 9.81
2015-03-31 13.35 $1.24 10.76
2014-12-31 14.24 $1.26 11.30
2014-09-30 12.83 $1.48 8.67
2014-06-30 15.31 $1.53 10.01
2014-03-31 12.56 $1.86 6.75
2013-12-31 13.03 $1.95 6.68
2013-09-30 13.04 $1.71 7.63
2013-06-30 10.66 $1.61 6.62
2013-03-31 9.69 $1.51 6.42
2012-12-31 9.60 $1.29 7.44
2012-09-30 9.78 $4.31 2.27
2012-06-30 10.53 $4.31 2.44
2012-03-31 8.11 $4.22 1.92
2011-12-31 5.53 $4.06 1.36
2011-09-30 4.42 $0.07 63.08
2011-06-30 4.70 $-0.90 0.00
2011-03-31 5.51 $-1.25 0.00
2010-12-31 4.63 $-1.72 0.00
2010-09-30 2.54 $-4.21 0.00
2010-06-30 3.02 $-4.20 0.00
2010-03-31 2.23 $-4.87 0.00
2009-12-31 1.70 $-5.05 0.00
Sector Industry Market Cap Revenue
Finance Banks - Midwest $0.775B $0.362B
Mercantile Bank Corporation serves businesses and consumers across Grand Rapids and Kent County with a full range of mortgage, lending, deposit and checking products and services in a friendly, hometown banking environment.
Stock Name Country Market Cap PE Ratio
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First Merchants (FRME) United States $2.280B 10.21
Enterprise Financial Services (EFSC) United States $2.118B 10.82
First Busey (BUSE) United States $2.069B 10.06
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1st Source (SRCE) United States $1.508B 10.53
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QCR Holdings (QCRH) United States $1.276B 10.80
Peoples Bancorp (PEBO) United States $1.057B 9.87
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Old Second Bancorp (OSBC) United States $0.925B 9.34
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Farmers National Banc (FMNB) United States $0.534B 10.27
First Business Financial Services (FBIZ) United States $0.414B 9.32
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Ames National (ATLO) United States $0.171B 12.50
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Eagle Bancorp Montana (EBMT) United States $0.135B 10.59
CSB Bancorp (CSBB) United States $0.119B 9.32
BNCCORP (BNCC) United States $0.106B 12.72
United Bancshares (UBOH) United States $0.087B 7.66
United Bancorp (UBCP) United States $0.082B 11.17
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