SuperworthMercantile Bank MBWM
- Market cap
- $1.1B
- PE
- 10.8×
- 10y median 10.1×
- Forward PE
- n/m
- not a meaningful number
- Revenue, 12 months
- $260.8M
- +11% on a year ago
- Net margin
- 36.5%
Mercantile Bank trades at 10.8× trailing earnings, near its ten-year median. Revenue was $260.8M over the last twelve months, up 11% on a year earlier with a 37% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $58.2M+17% | $56.9M−3% | $58.2M+5% | $56.8M+3% | $58M−0% | $58.5M+3% | $57.3M−2% | $60.9M+7% | $62.4M+8% | $62.1M+6% | $67.6M+18% | $68.8M+13% | |
| Interest expense | $22.2M+286% | $25.2M+230% | $29.4M+143% | $31.8M+73% | $35.1M+58% | $34.1M+36% | $31.8M+8% | $32.5M+2% | $33.6M−4% | $31.2M−9% | $29.5M−7% | $29.4M−9% |
| Pre-tax income | $26M+30% | $25.2M−6% | $27M+3% | $23.5M−7% | $24.6M−6% | $23.2M−8% | $24M−11% | $26M+10% | $27.4M+12% | $26M+12% | $27.3M+14% | $31.2M+20% |
| $5.1M+30% | $5.2M+2% | $5.4M+5% | $4.7M−6% | $4.9M−4% | $3.6M−31% | $4.5M−17% | $3.3M−29% | $3.7M−25% | $3.2M−11% | $4.6M+2% | $5.3M+57% | |
| Net income | $20.9M+30% | $20M−8% | $21.6M+3% | $18.8M−8% | $19.6M−6% | $19.6M−2% | $19.5M−9% | $22.6M+20% | $23.8M+21% | $22.8M+16% | $22.7M+16% | $25.9M+15% |
| $1.30+29% | $1.25−9% | $1.34+2% | $1.17−8% | $1.22−6% | $1.22−2% | $1.21−10% | $1.39+19% | $1.46+20% | $1.40+15% | $1.32+9% | $1.50+8% | |
| 16M+1% | 16M+1% | 16.1M+1% | 16.1M+1% | 16.1M+1% | 16.1M+1% | 16.2M+1% | 16.2M+1% | 16.2M+1% | 16.3M+1% | 17.2M+6% | 17.3M+6% |
EPS, diluted: Q4 FY10 and Q4 FY11: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 5 periods, Q4 FY16 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 14 periods, Q4 FY11 to Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY25: not printed by the filing, worked out from its own lines.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Banks - Regional nearest Mercantile Bank's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| MBWMMercantile Bank | $1.1B | 10.8× | 10.1× | n/m | +11% | 36.5% | |
| CFFNCapitol Federal Financial | $1.1B | 12.9× | 18.5× | n/m | +19% | 36.1% | |
| CCNECNB Financial | $1B | 13.2× | 10.7× | n/m | +42% | 28.7% | |
| BFSTBusiness First Bancshares | $1B | 11.3× | 10.6× | n/m | +13% | 26.9% | |
| FSBCFive Star Bancorp | $1.1B | 13.0× | 11.7× | n/m | +26% | 40.5% | |
| MCBSMetroCity Bankshares | $1B | 12.4× | 11.0× | n/m | +25% | 43.8% | |
| NBBKNB Bancorp | $1B | 15.2× | 14.6× | n/m | +37% | 22.8% | |
| EQBKEquity Bancshares | $1B | 29.3× | 17.8× | n/m | +10% | 14.0% | |
| CPFCentral Pacific Financial | $970.4M | 12.1× | 13.1× | n/m | +13% | 27.5% | |
| UVSPUNIVEST FINANCIAL | $1.2B | 12.2× | 11.4× | n/m | +9% | 29.0% | |
| TRSTTrustco Bank Corp N Y | $949M | 15.5× | 12.6× | n/m | +10% | 33.0% | |
| Peer median | $1B | 13.0× | 12.2× | n/a | +16% | 28.8% |
More on Mercantile Bank
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About
- Industry
- Banks - Regional
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .