Mercantile Bank (FRA:MCS) Earnings per Share (Diluted): €4.88 (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:MCS Mercantile Bank Corp FRA:MCS
67 GF Score
Price €51.00
GF Value €41.32
! 7 Warning Signs
View Full Analysis

What is Mercantile Bank Earnings per Share (Diluted)?

Mercantile Bank FRA:MCS 67 Earnings per Share (Diluted) is €4.88 as of Jun. 2026. GuruFocus rates FRA:MCS with a GF Score™ of 67/100 and a GF Value™ of €41.32. The stock has 7 warning signs investors should review. Among 1,408 Banks companies, Mercantile Bank ranks better than 63.49% on this metric.

Mercantile Bank's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was €1.30. Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €4.88.

Mercantile Bank's EPS (Basic) for the three months ended in Jun. 2026 was €1.30. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2026 was €4.88.

Mercantile Bank's EPS without NRI for the three months ended in Jun. 2026 was €1.33. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was €5.00.

During the past 12 months, Mercantile Bank's average EPS without NRIGrowth Rate was 15.50% per year. During the past 3 years, the average EPS without NRIGrowth Rate was 13.10% per year. During the past 5 years, the average EPS without NRI Growth Rate was 14.70% per year. During the past 10 years, the average EPS without NRI Growth Rate was 13.40% per year.

During the past 13 years, Mercantile Bank's highest 3-Year average EPS without NRI Growth Rate was 23.80% per year. The lowest was -27.40% per year. And the median was 13.00% per year.


Mercantile Bank  (FRA:MCS) Earnings per Share (Diluted) Explanation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Mercantile Bank Earnings per Share (Diluted) Related Terms


Mercantile Bank Earnings per Share (Diluted) Historical Data

* Premium members only.

The historical data trend for Mercantile Bank's Earnings per Share (Diluted) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mercantile Bank Earnings per Share (Diluted) Chart

Mercantile Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings per Share (Diluted)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.27 3.63 4.70 4.71 4.67

Mercantile Bank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Earnings per Share (Diluted) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.21 1.24 1.20 1.14 1.30

FRA:MCS vs SBSI, BFST, FBAK: Earnings per Share (Diluted) Comparison

For the Banks - Regional subindustry, Mercantile Bank's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mercantile Bank PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Mercantile Bank's PE Ratio distribution charts can be found below:

* The bar in red indicates where Mercantile Bank's PE Ratio falls into.


FRA:MCS
67GF Score
Mercantile Bank Corp FRA:MCS
Earnings per Share (Diluted) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercantile Bank Earnings per Share (Diluted) Calculation

Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.

Mercantile Bank's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as

Diluted Earnings Per Share (A: Dec. 2025 ) = (Net Income - Preferred Dividends) / Shares Outstanding (Diluted Average)
=(75.795-0)/16.238
=4.67

Mercantile Bank's Earnings Per Share (Diluted) for the quarter that ended in Jun. 2026 is calculated as

Diluted Earnings Per Share (Q: Jun. 2026 )=(Net Income - Preferred Dividends / Shares Outstanding (Diluted Average)
=(22.505-0)/17.278
=1.30

Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €4.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.

What does a Earnings per Share (Diluted) of €4.88 mean?
Mercantile Bank (FRA:MCS) has a Earnings per Share (Diluted) of €4.88 as of Jun. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Mercantile Bank and its competitors. According to the industry distribution chart, Mercantile Bank ranks #514 out of 1408 companies in the Banks industry, placing it in the top 36.5%.
Is Mercantile Bank's Earnings per Share (Diluted) too high?
Mercantile Bank's current Earnings per Share (Diluted) is €4.88. Based on the distribution chart, Mercantile Bank ranks #514 out of 1408 companies in the Banks industry, which is above the industry midpoint. Overall, Mercantile Bank has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Mercantile Bank's Earnings per Share (Diluted) compare to SBSI and BFST?
According to the Banks industry distribution chart, Mercantile Bank ranks #514 out of 1408 companies for Earnings per Share (Diluted). This puts Mercantile Bank in the upper half of its industry. The industry median Earnings per Share (Diluted) is 7.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a Banks company?
The median Earnings per Share (Diluted) among Banks companies is 7.50, based on 1,408 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Mercantile Bank and its competitors. For the Banks industry, the median Earnings per Share (Diluted) is 7.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercantile Bank's current Earnings per Share (Diluted) is €4.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Bank stock overvalued right now?
Mercantile Bank (FRA:MCS) has a current Earnings per Share (Diluted) of €4.88. The stock's GF Value™ is €41.32, compared to a current price of €51.00 — trading 23.4% above its estimated fair value. The current Earnings per Share (Diluted) is €4.88. Mercantile Bank's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For Mercantile Bank (FRA:MCS), the current Earnings per Share (Diluted) is €4.88 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mercantile Bank (FRA:MCS) Overvalued in 2026?

Based on GuruFocus' analysis, Mercantile Bank stock appears to be overvalued. The current stock price of €51.00 is trading 23.4% above its estimated GF Value™ of €41.32.

Key valuation signals for FRA:MCS:

  • Earnings per Share (Diluted): €4.88
  • GF Value™: €41.32 vs. price of €51.00 (23.4% above fair value)
  • GF Score™: 67/100 with 7 warning signs

No single metric tells the full story. See the FRA:MCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercantile Bank Business Description

Other Exchanges MBWM:USA
Address 310 Leonard Street NW, Grand Rapids, MI, USA, 49504
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
67GF Score

Get the complete analysis for FRA:MCS

Earnings per Share (Diluted) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€51.00
Price
€41.32
GF Value