Mercantile Bank Corporation
MBWM

$674.23 M
Marketcap
$41.78
Share price
Country
$0.50
Change (1 day)
$51.21
Year High
$30.30
Year Low
Categories

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 accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

marketcap

P/E ratio for Mercantile Bank Corporation (MBWM)

P/E ratio as of 2023: 7.87

According to Mercantile Bank Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.87. At the end of 2022 the company had a P/E ratio of 8.70.

P/E ratio history for Mercantile Bank Corporation from 1998 to 2023

PE ratio at the end of each year

Year P/E ratio
2023 7.87
2022 8.70
2021 9.49
2020 10.01
2019 12.10
2018 11.16
2017 18.64
2016 19.25
2015 15.08
2014 16.39
2013 11.04
2012 11.35
2011 2.24
2010 -5.24
2009 -0.50
2008 -7.35
2007 14.61
2006 15.97
2005 17.99
2004 21.70
2003 22.12
2002 16.54
2001 16.00
2000 11.53
1999 15.76
1998 -34.00