Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 10.67 as of 2026-10-06T17:07:54.440Z.
Consensus retrieved: 2026-10-06T13:46:52.650Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-10-06T17:07:54.440Z.
Quote observation: 2026-10-06T17:04:27.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 1a62befd4d081f8b01bba26b3653dacac2eb4b74e2bdea196705189bce4e0963
Forward PE Ratio (10.67) = Dated Quote Price ($59.11) / Consensus Forward EPS ($5.54)
FORWARD PE RATIO
10.67
SECTOR MEDIAN · FINANCIAL SERVICES
11.14
median of 363 covered companies
CURRENT VS SECTOR MEDIAN
-4.22%
vs the sector median at left
Mercantile Bank Corporation
Market Cap
$1.02B
Forward PE Ratio
10.67
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Mercantile Bank Corporation (MBWM) | $1.02B | 10.67 |
| OceanFirst Financial Corp. (OCFC)vs › | $1.02B | 9.61 |
| Esquire Financial Holdings, Inc. (ESQ)vs › | $1.02B | 16.99 |
| CNB Financial Corporation (CCNEP)vs › | $1.02B | 6.93 |
| Business First Bancshares, Inc. (BFST)vs › | $1.01B | 10.26 |
| CNB Financial Corporation (CCNE)vs › | $1.00B | 9.57 |
| MetroCity Bankshares, Inc. (MCBS)vs › | $1.00B | 10.79 |
| Oaktree Specialty Lending Corporation (OCSL)vs › | $1.04B | 8.65 |
| Northeast Bank (NBN)vs › | $1.04B | 8.60 |
| Horizon Bancorp, Inc. (HBNC)vs › | $995.36M | 9.11 |
Trailing P/E
10.4
reported TTM EPS
Forward P/E
10.7
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $5.54 implies -2.5% EPS decline vs the reported trailing $5.68.
At the dated quote price of $59.11, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $5.54 | $5.48 – $5.62 | 5 | 10.7x |
| 2027-12-31 | $5.75 | $5.65 – $5.89 | 5 | 10.3x |
| 2028-12-31 | $6.05 | $6.00 – $6.13 | 1 | 9.8x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
