Mercantile Bank Corporation (MBWM)
| Market Cap | 721.49M |
| Revenue (ttm) | 228.38M |
| Net Income (ttm) | 81.40M |
| Shares Out | 16.24M |
| EPS (ttm) | 5.03 |
| PE Ratio | 8.83 |
| Forward PE | 8.34 |
| Dividend | $1.48 (3.33%) |
| Ex-Dividend Date | Sep 5, 2025 |
| Volume | 109,914 |
| Open | 45.08 |
| Previous Close | 45.69 |
| Day's Range | 44.27 - 45.13 |
| 52-Week Range | 37.76 - 52.98 |
| Beta | 0.94 |
| Analysts | Buy |
| Price Target | 53.63 (+20.68%) |
| Earnings Date | Jul 22, 2025 |
About EXAI
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 2024, Mercantile Bank's revenue was $224.08 million, an increase of 2.79% compared to the previous year's $217.99 million. Earnings were $79.59 million, a decrease of -3.19%.
Financial numbers in EUR Financial StatementsAnalyst Summary
According to 4 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price target is $53.63, which is an increase of 20.68% from the latest price.
News
Mercantile Bank: With A LTD Ratio Of 100%, The Focus Is On The Securities Portfolio
Mercantile Bank's main challenge remains weak deposit growth, limiting its ability to capitalize on strong loan demand and keeping the loan-to-deposit ratio near 100%. Management is mitigating interes...
Mercantile Bank Corporation (MBWM) Q2 2025 Earnings Conference Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q2 2025 Earnings Conference Call July 22, 2025 10:00 AM ET Company Participants Nichole Kladder - Chief Marketing Officer Raymond Reitsma - President, CEO & ...
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 Increases Regular Cash Dividend
Board declares $0.38 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.1 percent GRAND RAPIDS, Mich. , July 22, 2025 /PRNewswire/ -- Mercantile B...
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 Corporation (MBWM) Q1 2025 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q1 2025 Earnings Conference Call April 22, 2025 10:00 AM ET Company Participants Ray Reitsma - President & CEO Chuck Christmas - EVP & CFO Nichole Kladder - ...
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 Declares Regular Cash Dividend
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.6 percent GRAND RAPIDS, Mich. , April 22, 2025 /PRNewswire/ -- Mercantile ...
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.
31 Upcoming Dividend Increases, Including 3 Kings
This week sees 31 dividend increases, including three Dividend Kings: Genuine Parts, Commerce Bancshares, and Kimberly-Clark, showcasing impressive financial stability and growth. My investment strate...
Mercantile Bank Corporation (MBWM) Q4 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2024 Earnings Conference Call January 21, 2025 10:00 AM ET Company Participants Nichole Kladder - First Vice President and Chief Marketing Officer Raymond...
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.
A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation
Mercantile Bank Corporation's Q3 2024 results exceeded analyst expectations, with revenue and profits higher than anticipated, despite a year-over-year decline in net profits. The stock has risen 26.1...
Mercantile Bank Corporation (MBWM) Q3 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q3 2024 Earnings Conference Call October 15, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP and Chief Marketing Officer Raymond Reitsma - P...
Mercantile Bank Corporation Announces Strong Third Quarter Results
Robust local deposit and commercial loan growth and sustained strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDA...
Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Sept. 30, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
15 Upcoming Dividend Increases Including A King
This week, 15 companies, including Dividend King Stanley Black & Decker, are set to increase dividends, with SWK extending its 57-year streak by 1.2%. My strategy focuses on buying, holding, and addin...
Mercantile Bank: Q2 2024 Earnings Spike The Price
Mortgage loan originations and commercial loan growth led to a positive market reaction. Loan to Deposit ratio is improving, but still high at 107%, with management aiming to bring it down to around 9...
Mercantile Bank Corporation (MBWM) Q2 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM) Q2 2024 Earnings Conference Call July 16, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP & Chief Marketing Officer Raymond Reitsma - Presid...
Mercantile Bank Corporation Announces Solid Second Quarter Results
Strong local deposit and commercial loan growth and ongoing strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , July 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:...
Mercantile Bank Corporation Announces Second Quarter 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , June 27, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Corporation Implements Management Succession Plan
GRAND RAPIDS, Mich. , June 3, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) implemented the following resignations and appointments, in furtherance of its previously announced manage...