Mercantile Bank (MBWM) Price to Earnings (2011 - 2026)
Mercantile Bank's Price to Earnings came in at 10.42 for Q2 2026, up 12.5% from 9.26 a year earlier and up 9.8% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Price to Earnings (2011 - 2026) Analysis & Trends
For FY2025, Mercantile Bank's Price to Earnings was 9.31, up 3.2% from FY2024.
- Going back by year, Price to Earnings was 9.03 in FY2024 (+14.0%), 7.92 in FY2023 (-9.7%), 8.77 in FY2022 (-6.7%) and 9.40 in FY2021 (-6.5%).
- The Q2 2026 figure represents the highest quarterly Price to Earnings since Q1 2021.
- Year-over-year, Price to Earnings has increased for three consecutive quarters, with growth averaging 14.6% over the last eight quarters.
- The fastest year-over-year change in Price to Earnings over five years came in Q3 2024 (growth of 49.6%), and the weakest in Q2 2023 (a decline of 44.9%).
- Business Quant data shows MBWM's Price to Earnings at 9.49 (Q1 2026), 9.31 (Q4 2025) and 8.55 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - |
| 10 | Mercantile Bank | 1.03 Bn | 1.03 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.42 |
| Mar 31, 2026 | 9.49 |
| Dec 31, 2025 | 9.31 |
| Sep 30, 2025 | 8.55 |
| Jun 30, 2025 | 9.26 |
| Mar 31, 2025 | 9.09 |
| Dec 31, 2024 | 9.03 |
| Sep 30, 2024 | 8.82 |
| Jun 30, 2024 | 8.06 |
| Mar 31, 2024 | 7.49 |
| Dec 31, 2023 | 7.92 |
| Sep 30, 2023 | 5.90 |
| Jun 30, 2023 | 5.59 |
| Mar 31, 2023 | 6.94 |
| Dec 31, 2022 | 8.77 |
| Sep 30, 2022 | 9.26 |
| Jun 30, 2022 | 10.15 |
| Mar 31, 2022 | 9.97 |
| Dec 31, 2021 | 9.40 |
| Sep 30, 2021 | 8.19 |
API Access
Mercantile Bank Price to Earnings 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=price-to-earnings&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();