Mercantile Bank Corp (MBWM) EV to EBITDA (2011 - 2026)
Mercantile Bank's (MBWM) EV to EBITDA came in at 3.66 for Q2 2026, up 31.7% from 2.78 a year earlier and up 13.9% from the prior quarter.
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Analysis
Mercantile Bank Corp (MBWM) EV to EBITDA (2011 - 2026) Analysis & Trends
For FY2025, Mercantile Bank's EV to EBITDA stood at 3.47, up 15.4% from FY2024.
- In prior years, Mercantile Bank's EV to EBITDA was 3.00 in FY2024 (-11.4%), 3.39 in FY2023 (-28.9%), 4.77 in FY2022 (-8.2%) and 5.19 in FY2021 (+5.8%).
- The Q2 2026 figure stands as the highest quarterly EV to EBITDA since Q1 2023.
- On a year-over-year basis, EV to EBITDA has increased in each of the last three quarters, with growth averaging 2.7% over the last eight quarters.
- The strongest year-over-year quarter for EV to EBITDA in the past five years was Q3 2021, with growth of 41.1%; the weakest was Q2 2023, with a decline of 45.8%.
- According to Business Quant data, EV to EBITDA for the three prior quarters was 3.22 (Q1 2026), 3.06 (Q4 2025) and 2.70 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.11 |
| Mar 31, 2026 | 3.64 |
| Dec 31, 2025 | 3.47 |
| Sep 30, 2025 | 3.05 |
| Jun 30, 2025 | 3.15 |
| Mar 31, 2025 | 2.97 |
| Dec 31, 2024 | 3.00 |
| Sep 30, 2024 | 3.04 |
| Jun 30, 2024 | 2.96 |
| Mar 31, 2024 | 2.96 |
| Dec 31, 2023 | 3.39 |
| Sep 30, 2023 | 2.80 |
| Jun 30, 2023 | 2.87 |
| Mar 31, 2023 | 3.74 |
| Dec 31, 2022 | 4.77 |
| Sep 30, 2022 | 4.81 |
| Jun 30, 2022 | 5.29 |
| Mar 31, 2022 | 5.43 |
| Dec 31, 2021 | 5.19 |
| Sep 30, 2021 | 4.56 |
API Access
Mercantile Bank Corp EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "MBWM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();