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1.14Price to Book
VS
Market
71
Sector
48
Industry
31
History
80
$ 44.15Close
$ 38.53 - $ 51.79 52-Week Range
Ticker Information

Ticker

MBWM

Company Name

MERCANTILE BANK CORP

Sector

Financial Services

Industry

Banks - Regional

Exchange

NASDAQ

MERCANTILE BANK CORP - Price to Book Chart Analysis (TTM)

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MBWM - P/B Historical data
DateShareholders EquityMarket CapitalizationPrice to Book
6/30/2025$ 631.52M$ 722.09M1.14
3/31/2025$ 608.35M$ 708.26M1.16
12/31/2024$ 584.53M$ 780.54M1.34
9/30/2024$ 583.31M$ 697.49M1.2
6/30/2024$ 551.15M$ 711.83M1.29
3/31/2024$ 536.64M$ 620.17M1.16
12/31/2023$ 522.14M$ 586.32M1.12
9/30/2023$ 483.21M$ 555.89M1.15
6/30/2023$ 478.7M$ 575.21M1.2
3/31/2023$ 467.37M$ 407.82M0.87
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Key Performance Insights, Last 5 Years

  • MERCANTILE BANK CORP's latest trailing twelve months (TTM) P/B stands at 0.8.
  • Over the past 5 years, MERCANTILE BANK CORP's average P/B has been 1.18.
  • The median P/B for MERCANTILE BANK CORP during this period was 1.18
  • MERCANTILE BANK CORP reached its highest P/B over the past 5 years at 1.34.
  • The lowest P/B recorded by MERCANTILE BANK CORP in the same timeframe 0.8

MERCANTILE BANK CORP's P/B vs. competitors

We picked the following companies as peers based on multiple factors, including sector, industry, market capitalization and revenue

P/B Benchmarks
CompanyP/B
EQBK : EQUITY BANCSHARES INC 1.12HBT : HBT FINANCIAL INC 1.3HAFC : HANMI FINANCIAL CORP 0.9HFWA : HERITAGE FINANCIAL CORP 0.86CPF : CENTRAL PACIFIC FINANCIAL CORP 1.27CCBG : CAPITAL CITY BANK GROUP INC 1.28CCNE : CNB FINANCIAL CORP 1.01GSBC : GREAT SOUTHERN BANCORP INC 1.02HBNC : HORIZON BANCORP INC 0.85THFF : FIRST FINANCIAL CORP 1.06

Definition of Price to Book

[Calculation] Measures a company’s [MarketCap] in relation to its [Equity] which is the value of [Assets] minus [Liabilities].
Market Cap / Equity
(=) P/B
P/B for MERCANTILE BANK CORP is calculated as follows: Market Cap [ $ 346.91M ] / Equity [ $ 431.9M ]
(=) P/B [ 0.8 ]

MBWM - Price to Book, Last 5 years

0.8

Minimum

Sep 30, 2020

1.34

Maximum

Sep 30, 2022

1.18

Average

1.18

Median

P/B Benchmark Analysis

The chart above depicts the distribution of P/B for companies in the Total Stock Market. The average P/B of the companies is 2.3 with a standard deviation of 1.81.
The following table provides additional summary stats:
P/B in the Market:
filtered constituents3.36K
min0
max8.04
average2.3
median1.63
std1.81