Obermatt

Mercantile Bank

NSQ:MBWM · US5873761044
BanksSmall

360

91
Profit price91
Cash yield73
Price/Sales50
EV / Gross Profit38
Price/Book35
Returns on capital72
Profit margins
Cash Conversion10
Accruals55
Owner Earnings Margin82
Sales growth65
Profit Growth56
Owner Earnings Growth52
Reinvestment57
Price momentum33
Debt load22
Debt serviceability95
Liquidity28
Analyst ratings26
Opinion Changes50
Price Target Upside81
Market mood1
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Mercantile Bank generates returns well above its cost of capital, the foundation of durable shareholder value.

Based on 3/5 components.

Profile

CountryUSA
IndustryBanks
SizeSmall
TypePublic Company
ExchangeNASDAQGS
Founded1997
ISINUS5873761044
Last UpdateApr 2, 2026

Description

Mercantile Bank Corporation is a financial holding company. As a routine part of the company’s business, the company makes loans to businesses and individuals located within the company’s market areas. The company’s subsidiaries are Mercantile Bank…

Analysis

Quality compounder

Mercantile Bank Corporation is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is attractive. You pay 10.2× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is adequate. The company scores 20/20 on our value-creation score: strong value creator.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
37
2023202420252026

All-time high

81

Mar 2026

All-time low

5

Jan 2023

Average rank

45

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
50
43
53
69
Price/Earnings
76
70
83
43
Price/Book
35
29
26
48
Dividend Yield
73
57
50
81
Value (overall)
63
45
52
65

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →