Which has the lower trailing P/E, ESQ or MBWM?

MBWM has the lower trailing P/E: ESQ trades at 19.59 and MBWM at 10.44. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ESQ or MBWM?

Over the past five years, ESQ grew revenue faster — ESQ at a 24.48% CAGR versus MBWM at 14.13%.

Does ESQ or MBWM pay a bigger dividend?

ESQ yields 0.66% and MBWM yields 2.63% based on trailing dividends and the latest price.

Is ESQ or MBWM more profitable?

ESQ runs the higher net margin — ESQ at 29.32% versus MBWM at 24.79%.

How have ESQ and MBWM total returns compared?

Over the past 5 years, ESQ delivered 32.17% and MBWM delivered 16.02% annualized total return. Past performance doesn't predict future results.

Esquire Financial Holdings, Inc. (ESQ) vs Mercantile Bank Corporation (MBWM)

A side-by-side comparison of Esquire Financial Holdings, Inc. and Mercantile Bank Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

ESQ

Esquire Financial Holdings, Inc.

$1.03B

$118.73Financial ServicesDelayed quote: Oct 6, 2026, 10:39 AM EDT

MBWM

Mercantile Bank Corporation

$1.02B

$59.31Financial ServicesDelayed quote: Oct 6, 2026, 10:39 AM EDT

Total return — ESQ vs MBWM

growth of $100 · dividends reinvested · last 9y

ESQ +706.5% (+26.1%/yr)MBWM +157.5% (+11.1%/yr)ESQ compounded faster over this window

ESQ MBWM

ESQ vs MBWM: by the numbers

•ESQ is the larger company ($1.03B vs $1.02B market cap).
•MBWM trades at the lower trailing earnings multiple (10.44 vs 19.59 P/E), one valuation lens rather than an overall verdict.
•ESQ converts more revenue to profit (29.32% vs 24.79% net margin).
•ESQ grew revenue faster over the past five years (24.48% vs 14.13% CAGR).
•MBWM pays the higher dividend yield (2.63% vs 0.66%).

Metrics side by side

Valuation

Metric	ESQ	MBWM
P/E ratio	19.59	10.44
Forward P/E	17.11	10.70
PEG ratio	0.68	0.69
P/S ratio	5.70	2.67
P/B ratio	3.27	1.36

Profitability

Metric	ESQ	MBWM
Operating margin	40.57%	28.78%
Net margin	29.32%	24.79%
ROE	16.81%	12.61%

Esquire Financial Holdings, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Mercantile Bank Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	ESQ	MBWM
Dividend yield	0.66%	2.63%
Payout ratio	12.79%	27.46%

Growth (annualized)

Metric	ESQ	MBWM
Revenue CAGR (5Y)	24.48%	14.13%
EPS CAGR (5Y)	29.96%	15.04%
Total return CAGR (5Y)	32.17%	16.02%

Frequently asked

Which has the lower trailing P/E, ESQ or MBWM?: MBWM has the lower trailing P/E: ESQ trades at 19.59 and MBWM at 10.44. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ESQ or MBWM?: Over the past five years, ESQ grew revenue faster — ESQ at a 24.48% CAGR versus MBWM at 14.13%.
Does ESQ or MBWM pay a bigger dividend?: ESQ yields 0.66% and MBWM yields 2.63% based on trailing dividends and the latest price.
Is ESQ or MBWM more profitable?: ESQ runs the higher net margin — ESQ at 29.32% versus MBWM at 24.79%.
How have ESQ and MBWM total returns compared?: Over the past 5 years, ESQ delivered 32.17% and MBWM delivered 16.02% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ESQ analysis Full MBWM analysis Interactive comparison tool

Dig into the metrics

Esquire Financial P/E ratio Mercantile Bank P/E ratio Esquire Financial dividend yield Mercantile Bank dividend yield Esquire Financial ROE Mercantile Bank ROE Esquire Financial operating margin Mercantile Bank operating margin Esquire Financial revenue growth Mercantile Bank revenue growth

Esquire Financial & Mercantile Bank appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.