profit from every $100 of sales.
$0$100
Mercantile Bank
$61.36-0.44% today
+35.1% in 1 year
1-year low $43.741-year high $62.14
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $11.95 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Mercantile Bank sold, what it kept, and what it did with the cash.
Sales went from $190 million in 2022 to $243 million in 2025, with $88.8 million of profit last year.
SalesProfit
Mercantile Bank handed back more cash to shareholders than it generated last year.
$24M
Free cash flow 2025$11M
Bought back its own shares–
Paid as dividends$24M
Cash vs. debt$473M vs. $497M
Mercantile Bank vs. similar companies
Mercantile Bank grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Mercantile Bank | 12.0× · Cheap | ||
 China Merchants Bank | 7.8× · Cheap | ||
 DBS Group Holdings | 18.3× · Fair price | ||
 UniCredit | 11.6× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads Mercantile Bank's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 190 | 226 | 231 | 243 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 61 | 82 | 80 | 89 | |
| 3.85 | 5.13 | 4.93 | 5.47 | |
| – | – | – | – | |
| – | – | – | – | |
| 32.1% | 36.4% | 34.4% | 36.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 4,873 | 5,353 | 6,052 | 6,835 |
| Cash | 97 | 131 | 393 | 473 |
| Total debt | 446 | 607 | 527 | 497 |
| Total liabilities | 4,431 | 4,831 | 5,468 | 6,110 |
| 441 | 522 | 585 | 725 | |
| 16 | 16 | 16 | 16 | |
| – | – | – | – | |
| 13.8% | 15.7% | 13.6% | 12.2% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 120 | 67 | 101 | 18 | |
| 3 | 7 | 9 | 7 | |
| 117 | 60 | 93 | 11 | |
| Dividends paid | 20 | 21 | 22 | 24 |
| 0 | 0 | – | – | |
| 3 | 3 | 3 | 3 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 12.0×
- 11.3×
- 0.96
- 1.2×
- 4.4×
- 8.4%
- 3.0%
Profitability
- 36.6%
- 1.3%
- 5.8%
- 13.4%
- 1.3%
Growth
- +8.4%
- +12.4%
- +6.0%
- +0.4%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 34%of 851
Top 35%of 737
Top 40%of 866
Top 49%of 867
Bottom 27%of 926
What analysts expect
- Average price target
- $57.00
- Range
- $57.00 – $57.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 21, 2026 | 1.46 | 1.33 | +9.8% |
| Jan 20, 2026 | 1.40 | 1.37 | +2.2% |
| Oct 21, 2025 | 1.46 | 1.38 | +5.8% |
| Jul 22, 2025 | 1.39 | 1.23 | +13.0% |
| Apr 22, 2025 | 1.21 | 1.19 | +1.7% |
| Jan 21, 2025 | 1.22 | 1.15 | +6.1% |
| Oct 15, 2024 | 1.22 | 1.17 | +4.3% |
| Jul 16, 2024 | 1.17 | 1.16 | +0.9% |
3.0%of the share price, paid each year
On $1,000 invested$30a year at today's yield, before tax
+6.0%2020 to 2025
Raised6 yearsin a row, in our data
Paid per share, each year
$0.58 in 2015 → $1.50 in 2025
How safe it looks
27.0% of its profit
Room to growStretchedMore than it earns: 213.7%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
43No pass
Benjamin Graham
69Pass
Philip Fisher
63Pass
Peter Lynch
63Pass
Joel Greenblatt
19No pass
Charlie Munger
43No pass
Terry Smith
35No pass
Questions about Mercantile Bank
Is Mercantile Bank a good stock to buy?
A strong, very profitable business, and the price looks low. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Mercantile Bank AI analysis
What does Mercantile Bank do?
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 is in Banks - Regional.
Does Mercantile Bank pay a dividend?
Yes. At today's price the dividend is 3.0% a year, about 27% of its yearly profit. In 2025 it paid out $24.0 million in dividends.
Is Mercantile Bank stock halal?
No. Mercantile Bank does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Mercantile Bank stock done over the past year?
Up 35.1% over the past twelve months, to $61.36. It traded between $43.74 and $62.14, close to its high.
Who are Mercantile Bank's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Mercantile Bank's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.