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Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
1997
682
LTM Revenue $238M
Last FY EBITDA n/a
$1.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Mercantile Bank has a last 12-month revenue (LTM) of $238M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Mercantile Bank achieved revenue of $231M and an EBITDA of n/a.
Mercantile Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Mercantile Bank valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $238M | XXX | $231M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBIT | $109M | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 46% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $82.4M | XXX | $79.6M | XXX | XXX | XXX |
| Net Margin | 35% | XXX | 34% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $134M | XXX | XXX | XXX |
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As of August 15, 2025, Mercantile Bank's stock price is $46.
Mercantile Bank has current market cap of $752M, and EV of $1.2B.
See Mercantile Bank trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.2B | $752M | XXX | XXX | XXX | XXX | $5.07 |
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Start Free TrialAs of August 15, 2025, Mercantile Bank has market cap of $752M and EV of $1.2B.
Mercantile Bank's trades at 5.4x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate Mercantile Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mercantile Bank has a P/E ratio of 9.1x.
See valuation multiples for Mercantile Bank and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $752M | XXX | $752M | XXX | XXX | XXX |
| EV (current) | $1.2B | XXX | $1.2B | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | 5.4x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 11.4x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 9.1x | XXX | 9.4x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 13.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialMercantile Bank's last 12 month revenue growth is 9%
Mercantile Bank's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged n/a for the same period.
Mercantile Bank's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mercantile Bank's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Mercantile Bank and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Islamic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| First Abu Dhabi Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Invest Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| National Bank of Fujairah | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Mercantile Bank acquired XXX companies to date.
Last acquisition by Mercantile Bank was XXXXXXXX, XXXXX XXXXX XXXXXX . Mercantile Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Mercantile Bank founded? | Mercantile Bank was founded in 1997. |
| Where is Mercantile Bank headquartered? | Mercantile Bank is headquartered in United States of America. |
| How many employees does Mercantile Bank have? | As of today, Mercantile Bank has 682 employees. |
| Who is the CEO of Mercantile Bank? | Mercantile Bank's CEO is Mr. Raymond E. Reitsma. |
| Is Mercantile Bank publicy listed? | Yes, Mercantile Bank is a public company listed on NAS. |
| What is the stock symbol of Mercantile Bank? | Mercantile Bank trades under MBWM ticker. |
| When did Mercantile Bank go public? | Mercantile Bank went public in 1997. |
| Who are competitors of Mercantile Bank? | Similar companies to Mercantile Bank include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, Invest Bank. |
| What is the current market cap of Mercantile Bank? | Mercantile Bank's current market cap is $752M |
| What is the current revenue of Mercantile Bank? | Mercantile Bank's last 12 months revenue is $238M. |
| What is the current revenue growth of Mercantile Bank? | Mercantile Bank revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Mercantile Bank? | Current revenue multiple of Mercantile Bank is 5.2x. |
| Is Mercantile Bank profitable? | Yes, Mercantile Bank is EBITDA-positive (as of the last 12 months). |
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