MBWM (Mercantile Bank) Total Debt per Share: $27.28 (As of Jun. 2026)

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MBWM Mercantile Bank Corp MBWM
67 GF Score
Price $60.25
GF Value $48.83
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Mercantile Bank Total Debt per Share?

Mercantile Bank MBWM +0.78% 67 Total Debt per Share is $27.28 as of Jun. 2026. GuruFocus rates MBWM with a GF Score™ of 67/100 and a GF Value™ of $48.83 (Modestly Overvalued). The stock has 7 warning signs investors should review.

$27.28 (As of Jun. 2026)

Total Debt per Share is calculated as total debt divided by Shares Outstanding (EOP). Total debt is calculated as Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Mercantile Bank's Total Debt Per Share for the quarter that ended in Jun. 2026 was $27.28.

Mercantile Bank Total Debt per Share Historical Data

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The historical data trend for Mercantile Bank's Total Debt per Share 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 Total Debt per Share Chart

Mercantile Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Debt per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.31 27.87 37.61 32.62 28.92

Mercantile Bank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Total Debt per Share 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 30.55 29.94 28.92 28.01 27.28
MBWM
67GF Score
Mercantile Bank Corp MBWM
Total Debt per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercantile Bank Total Debt per Share Calculation

Mercantile Bank's Total Debt Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Total Debt Per Share=(Long-Term Debt & Capital Lease Obligation+Short-Term Debt & Capital Lease Obligation)/Shares Outstanding (EOP)
=(496.9+0.0)/17.2
=28.92

Mercantile Bank's Total Debt Per Share for the quarter that ended in Jun. 2026 is calculated as:

Total Debt Per Share=(Long-Term Debt & Capital Lease Obligation+Short-Term Debt & Capital Lease Obligation)/Shares Outstanding (EOP)
=(370.6+100.9)/17.3
=27.28

* 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.

Frequently Asked Questions Learn more about Total Debt per Share →
What does a Total Debt per Share of $27.28 mean?
Mercantile Bank (MBWM) has a Total Debt per Share of $27.28 as of Jun. 2026. Total debt per share equals the per-share value of a company's long-term and short-term debt. View historical data on Mercantile Bank and its competitors.
Is Mercantile Bank's Total Debt per Share too high?
Mercantile Bank's current Total Debt per Share is $27.28. Overall, Mercantile Bank has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercantile Bank's Total Debt per Share compare to SBSI and BFST?
Mercantile Bank's Total Debt per Share of $27.28 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Debt per Share for a Banks company?
A good Total Debt per Share depends on the Banks industry context. However, Total Debt per Share 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 Total Debt per Share mean?
A high Total Debt per Share can signal that a stock is expensive relative to its fundamentals. Total debt per share equals the per-share value of a company's long-term and short-term debt. View historical data on Mercantile Bank and its competitors. Mercantile Bank's current Total Debt per Share is $27.28. 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?
Based on GuruFocus' analysis, Mercantile Bank (MBWM) is currently considered Modestly Overvalued. The stock's GF Value™ is $48.83, compared to a current price of $60.25 — trading 23.4% above its estimated fair value. The current Total Debt per Share is $27.28. 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 Total Debt per Share calculated?
Total Debt per Share is calculated from a company's financial statements. For Mercantile Bank (MBWM), the current Total Debt per Share is $27.28 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 (MBWM) Overvalued in 2026?

Based on GuruFocus' analysis, Mercantile Bank stock appears to be overvalued. The current stock price of $60.25 is trading 23.4% above its estimated GF Value™ of $48.83. GuruFocus considers Mercantile Bank to be Modestly Overvalued.

Key valuation signals for MBWM:

  • Total Debt per Share: $27.28
  • GF Value™: $48.83 vs. price of $60.25 (23.4% above fair value)
  • GF Score™: 67/100 with 7 warning signs

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

Mercantile Bank Business Description

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

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Total Debt per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$60.25
Price
$48.83
GF Value