Mercantile Bank Corporation (NASDAQ:MBWM) — Market Cap & Net Worth
Market Cap & Net Worth: Mercantile Bank Corporation (MBWM)
Mercantile Bank Corporation (NASDAQ:MBWM) has a market capitalization of $1.05 Billion ($1.05 Billion) as of September 18, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #8695 globally and #2494 in its home market, demonstrating a -0.26% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Mercantile Bank Corporation's stock price $60.55 by its total outstanding shares 17285929 (17.29 Million). Also see total assets of Mercantile Bank Corporation for a full breakdown of the balance sheet.
Mercantile Bank Corporation Market Cap History: 2015 to 2026
Mercantile Bank Corporation's market capitalization history from 2015 to 2026. Data shows growth from $302.64 Million to $1.05 Billion (13.72% CAGR). Also see Mercantile Bank Corporation cash conversion from operations for how efficiently the company converts equity into cash flow.
Index Memberships
Mercantile Bank Corporation is a constituent of 1 market index:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NASDAQ Composite
IXIC
|
$41.69 Trillion | 0.00% | #929 of 3165 |
Weight: Mercantile Bank Corporation's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Mercantile Bank Corporation Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Mercantile Bank Corporation's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance. Check MBWM live share price for real-time trading data and today's change.
Latest Price to Sales (P/S) Ratio
2.24x
Mercantile Bank Corporation's market cap is 2.24 times its annual revenue
Latest Price to Earnings (P/E) Ratio
9.37x
Mercantile Bank Corporation's market cap is 9.37 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $483.47 Million | $139.50 Million | $31.91 Million | 3.47x | 15.15x |
| 2017 | $464.03 Million | $144.54 Million | $31.27 Million | 3.21x | 14.84x |
| 2018 | $391.53 Million | $160.99 Million | $42.02 Million | 2.43x | 9.32x |
| 2019 | $522.01 Million | $185.29 Million | $49.46 Million | 2.82x | 10.56x |
| 2020 | $406.97 Million | $193.49 Million | $44.14 Million | 2.10x | 9.22x |
| 2021 | $544.47 Million | $198.66 Million | $59.02 Million | 2.74x | 9.23x |
| 2022 | $539.87 Million | $213.92 Million | $61.06 Million | 2.52x | 8.84x |
| 2023 | $679.24 Million | $303.50 Million | $82.22 Million | 2.24x | 8.26x |
| 2024 | $769.05 Million | $361.89 Million | $79.59 Million | 2.13x | 9.66x |
| 2025 | $831.45 Million | $371.80 Million | $88.75 Million | 2.24x | 9.37x |
Competitor Companies of MBWM by Market Capitalization
Companies near Mercantile Bank Corporation in the global market cap rankings as of September 18, 2026. Review Mercantile Bank Corporation (MBWM) tangible equity ratio to assess the quality of the company's equity after excluding intangible assets.
Key companies related to Mercantile Bank Corporation by market ranking:
- Mizuho Financial Group Inc. (NYSE:MFG): Ranked #186 globally with a market cap of $130.47 Billion USD.
- China Merchants Bank Co Ltd (SHG:600036): Ranked #200 globally with a market cap of $123.52 Billion USD ( CN¥844.14 Billion CNY).
- BNP Paribas SA (PA:BNP): Ranked #203 globally with a market cap of $122.45 Billion USD ( €104.73 Billion EUR).
- UNICREDIT S.P.A. ADR (F:CRIP): Ranked #221 globally with a market cap of $112.81 Billion USD ( €96.49 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #186 | Mizuho Financial Group Inc. | NYSE:MFG | $130.47 Billion | $10.93 |
| #200 | China Merchants Bank Co Ltd | SHG:600036 | $123.52 Billion | CN¥40.92 |
| #203 | BNP Paribas SA | PA:BNP | $122.45 Billion | €102.32 |
| #221 | UNICREDIT S.P.A. ADR | F:CRIP | $112.81 Billion | €32.20 |
Mercantile Bank Corporation Historical Marketcap From 2015 to 2026
Between 2015 and today, Mercantile Bank Corporation's market cap moved from $302.64 Million to $ 1.05 Billion, with a yearly change of 13.72%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $1.05 Billion | +25.88% |
| 2025 | $831.45 Million | +8.11% |
| 2024 | $769.05 Million | +13.22% |
| 2023 | $679.24 Million | +25.81% |
| 2022 | $539.87 Million | -0.84% |
| 2021 | $544.47 Million | +33.79% |
| 2020 | $406.97 Million | -22.04% |
| 2019 | $522.01 Million | +33.33% |
| 2018 | $391.53 Million | -15.62% |
| 2017 | $464.03 Million | -4.02% |
| 2016 | $483.47 Million | +59.75% |
| 2015 | $302.64 Million | -- |
End of Day Market Cap According to Different Sources
On Sep 17th, 2026 the market cap of Mercantile Bank Corporation was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $1.05 Billion USD |
| MoneyControl | $1.05 Billion USD |
| MarketWatch | $1.05 Billion USD |
| marketcap.company | $1.05 Billion USD |
| Reuters | $1.05 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About Mercantile Bank Corporation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and indust… Read more