Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Mercantile Bank's share price for the quarter that ended in Dec. 2023 was $40.38. Mercantile Bank's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 16.1 Mil. Therefore, Mercantile Bank's market cap for the quarter that ended in Dec. 2023 was $651.2 Mil.
Mercantile Bank's quarterly market cap
increased
from Jun. 2023 ($442.4 Mil) to Sep. 2023 ($495.3 Mil) and
increased
from Sep. 2023 ($495.3 Mil) to Dec. 2023 ($651.2 Mil).
Mercantile Bank's annual market cap
declined
from Dec. 2021 ($554.9 Mil) to Dec. 2022 ($535.5 Mil) but then
increased
from Dec. 2022 ($535.5 Mil) to Dec. 2023 ($651.2 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Mercantile Bank's Enterprise Value for Today is $1,071.7 Mil.
Mercantile Bank Market Cap Historical Data
The historical data trend for Mercantile Bank's Market Cap 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.
For the Banks - Regional subindustry, Mercantile Bank's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution
For the Banks industry and Financial Services sector, Mercantile Bank's Market Cap distribution charts can be found below:
* The bar in red indicates where Mercantile Bank's Market Cap falls into.
Mercantile Bank Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Mercantile Bank's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NAS:MBWM) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Mercantile Bank Market Cap Related Terms
Thank you for viewing the detailed overview of Mercantile Bank's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Mercantile Bank (Mercantile Bank) Business Description
Mercantile Bank Corp operates as a bank holding company. The bank provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
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