Mercantile Bank Corporation (MBWM)
| Market Cap | 898.44M |
| Revenue (ttm) | 252.69M |
| Net Income (ttm) | 91.90M |
| Shares Out | 17.27M |
| EPS (ttm) | 5.57 |
| PE Ratio | 9.34 |
| Forward PE | 9.39 |
| Dividend | $1.56 (3.04%) |
| Ex-Dividend Date | Jun 5, 2026 |
| Volume | 82,273 |
| Open | 51.47 |
| Previous Close | 51.27 |
| Day's Range | 51.47 - 52.35 |
| 52-Week Range | 41.35 - 55.77 |
| Beta | 0.87 |
| Analysts | Buy |
| Price Target | 55.67 (+7.0%) |
| Earnings Date | Apr 21, 2026 |
About MBWM
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residen... [Read more]
Financial Performance
In 2025, Mercantile Bank's revenue was $238.45 million, an increase of 6.75% compared to the previous year's $223.38 million. Earnings were $88.75 million, an increase of 11.51%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price target is $55.67, which is an increase of 7.00% from the latest price.
News
Mercantile Bank Earnings Call Transcript: Q1 2026
First quarter 2026 saw robust earnings growth, margin expansion, and strong deposit and loan growth, aided by the Eastern Michigan acquisition. Asset quality remains excellent, and guidance calls for stable margins and mid-single-digit loan growth for the rest of 2026.
Mercantile Bank Corporation Announces Solid First Quarter 2026 Results
Growth in net interest income and key fee income categories with ongoing strength in asset quality measures and capital levels highlight the quarter GRAND RAPIDS, Mich., April 21, 2026 /PRNewswire/ --...
Mercantile Bank Corporation Declares Regular Cash Dividend
Board of Directors declares $0.39 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 2.9% percent GRAND RAPIDS, Mich., April 21, 2026 /PRNewswire/ -...
Mercantile Bank Corporation Announces First Quarter 2026 Results Conference Call and Webcast
GRAND RAPIDS, Mich., March 31, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Corporation Named Crain's Grand Rapids Business M&A Deal of the Year in Finance and Banking
GRAND RAPIDS, Mich., March 17, 2026 /PRNewswire/ -- Mercantile Bank Corporation ("Mercantile") has been recognized by Crain's Grand Rapids Business with a 2026 M&A Award for Deal of the Year in the Fi...
Mercantile Bank Earnings Call Transcript: Q4 2025
Fourth quarter and full-year 2025 saw strong earnings growth, margin stability, and robust asset quality, supported by the Eastern Michigan Bank acquisition and disciplined balance sheet management. Outlook for 2026 includes 5%-7% loan growth and continued investment in Southeast Michigan.
Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2025 Results
Increases in net interest income and certain noninterest income categories, sustained strength in asset quality metrics and capital levels, and acquisition of Eastern Michigan Financial Corporation ...
Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.39 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.1% percent GRAND RAPIDS, Mich., Jan. 20, 2026 /PRNewswire/ -- Mercantile Ba...
Mercantile Bank Corporation Announces Completion of Merger with Eastern Michigan Financial Corporation
GRAND RAPIDS, Mich., Dec. 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today the completion of its previously announced merger with Eastern Michigan Fin...
Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2025 Results Conference Call and Webcast
GRAND RAPIDS, Mich., Dec. 29, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Receipt of All Required Regulatory Approvals for Pending Merger
GRAND RAPIDS, Mich. , Dec. 16, 2025 /PRNewswire/ -- Mercantile Bank Corporation ("Mercantile") (NASDAQ: MBWM) and Eastern Michigan Financial Corporation ("Eastern") (OTCID: EFIN) today jointly announc...
Mercantile Bank Earnings Call Transcript: Q3 2025
Q3 2025 saw strong earnings growth, stable margins, and robust asset quality, with net income up 21% year-over-year and tangible book value per share up 13%. The Eastern Michigan acquisition is expected to further enhance performance, while loan and deposit growth remain solid.
Mercantile Bank Corporation Announces Strong Third Quarter 2025 Results
Growth in net interest income and certain noninterest income categories and continued strength in asset quality metrics and capital measures highlight the quarter GRAND RAPIDS, Mich. , Oct. 21, 2025 /...
Mercantile Bank Corporation Announces Third Quarter 2025 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Sept. 30, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Earnings Call Transcript: Q2 2025
Q2 2025 saw strong loan and deposit growth, improved asset quality, and robust non-interest income. The Eastern Michigan Bank acquisition is expected to close late Q4 2025, bringing cost synergies and liquidity benefits. Net interest margin guidance remains stable barring Fed rate changes.
Mercantile Bank Corporation Announces Robust Second Quarter 2025 Results and Partnership with Eastern Michigan Financial Corporation
Net interest income expansion, substantial noninterest income growth, and ongoing strength in asset quality metrics and capital levels highlight the quarter GRAND RAPIDS, Mich. , July 22, 2025 /PRNews...
Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Definitive Merger Agreement
Partnership strengthens Mercantile's position as Michigan's largest bank by total assets, enhances core deposit base and liquidity, and accelerates growth in key markets GRAND RAPIDS, Mich., July 22, ...
Mercantile Bank Corporation Announces Second Quarter 2025 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , June 30, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
MERCANTILE BANK PARTNERS IN STATEWIDE INVESTMENT TO ADVANCE AFFORDABLE HOUSING INITIATIVES
Over $200,000 provided to nonprofits through Federal Home Loan Bank of Indianapolis Community Multiplier Program GRAND RAPIDS, Mich. , May 1, 2025 /PRNewswire/ -- Mercantile Bank is proud to announce...
Mercantile Bank Earnings Call Transcript: Q1 2025
Q1 2025 net income declined year-over-year due to higher expenses and provision, despite strong deposit and loan growth. Asset quality remains excellent, and guidance projects moderate loan growth and stable margins amid economic uncertainty.
Mercantile Bank Corporation Announces Strong First Quarter 2025 Results
Growth in net interest income, notable increases in certain noninterest income categories, sustained strength in asset quality metrics, and continuing solid capital position highlight the quarter GRAN...
Mercantile Bank Corporation Announces First Quarter 2025 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , March 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Earnings Call Transcript: Q4 2024
Loan and deposit growth remained strong in 2024, with improved liquidity and robust asset quality. Net interest margin declined due to higher deposit costs, but non-interest income and capital ratios were solid. Outlook for 2025 includes moderate loan growth and stable credit quality.
Mercantile Bank Corporation Announces Robust Fourth Quarter and Full-Year 2024 Results
Strong commercial loan and local deposit growth, notable increase in noninterest income, and ongoing strength in asset quality metrics highlight the year GRAND RAPIDS, Mich. , Jan. 21, 2025 /PRNewswir...
Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Jan. 2, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.