Mercantile Bank Corporation (MBWM)
| Market Cap | 1.03B +36.9% |
| Revenue (ttm) | 263.91M +15.9% |
| Net Income | 95.21M +17.0% |
| EPS | 5.68 +12.9% |
| Shares Out | 17.29M |
| PE Ratio | 10.48 |
| Forward PE | 10.82 |
| Dividend | $1.56 (2.62%) |
| Ex-Dividend Date | Sep 4, 2026 |
| Volume | 81,605 |
| Open | 58.85 |
| Previous Close | 58.68 |
| Day's Range | 58.76 - 59.56 |
| 52-Week Range | 42.75 - 62.95 |
| Beta | 0.81 |
| Analysts | Hold |
| Price Target | 63.17 (+6.06%) |
| Est. Earnings | Oct 20, 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 Summary
According to 6 analysts, the average rating for MBWM stock is "Hold." The 12-month stock price target is $63.17, which is an increase of 6.06% from the latest price.
News
Mercantile Bank assumed with an Outperform at Raymond James
Raymond James assumed coverage of Mercantile Bank (MBWM) with an Outperform rating and $65 price target The firm views Mercantile as a “high-quality Michigan banking franchise with an attractive growt...
Mercantile Bank price target raised to $65 from $60 at Piper Sandler
Piper Sandler raised the firm’s price target on Mercantile Bank (MBWM) to $65 from $60 and keeps a Neutral rating on the shares. The firm notes the company posted strong…
Mercantile Bank downgraded to Market Perform from Outperform at Hovde Group
Hovde Group analyst Brendan Nosal downgraded Mercantile Bank (MBWM) to Market Perform from Outperform with an unchanged price target of $62.
Mercantile Bank price target raised to $64 from $60 at Keefe Bruyette
Keefe Bruyette raised the firm’s price target on Mercantile Bank (MBWM) to $64 from $60 and keeps an Outperform rating on the shares.
Mercantile Bank Earnings Call Transcript: Q2 2026
Q2 2026 saw robust earnings growth, margin expansion, and strong asset quality, aided by the Eastern Michigan acquisition and commercial loan growth. Guidance calls for continued loan and margin growth, stable reserves, and ongoing investments in Southeast Michigan and digital banking.
Mercantile Bank Slides: Q2 2026
Mercantile Bank has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on July 21, 2026.
Mercantile Bank Earnings release: Q2 2026
Mercantile Bank released its Q2 2026 earnings on July 21, 2026, summarizing the period's financial results.
Mercantile Bank Quarterly report: Q2 2026
Mercantile Bank has published its Q2 2026 quarterly earnings report on July 21, 2026.
Mercantile Bank reports Q2 adjusted EPS $1.53, consensus $1.33
Reports Q2 revenue $68.8M, consensus $68.85M. Reports Q2 tangible book value per share $38.42. “We are very pleased to report another quarter of strong financial performance as we continue to…
Mercantile Bank increases quarterly cash dividend 2.6% to 40c per share
Mercantile Bank (MBWM) announced its board of directors declared a regular quarterly cash dividend of 40c per common share, payable on September 16 to holders of record as of September…
Mercantile Bank Corporation Announces Strong Second Quarter 2026 Results
Net interest income expansion, strong commercial loan growth, and sustained strength in asset quality metrics and capital levels highlight the quarter GRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ -...
Mercantile Bank Corporation Increases Regular Cash Dividend
Board of Directors declares $0.40 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 2.8% percent GRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ --...
Mercantile Bank Corporation Announces Second Quarter 2026 Results Conference Call and Webcast
GRAND RAPIDS, Mich., June 30, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank price target raised to $60 from $57 at Piper Sandler
Piper Sandler analyst Nathan Race raised the firm’s price target on Mercantile Bank (MBWM) to $60 from $57 and keeps a Neutral rating on the shares. The firm adjusted targets…
Mercantile Bank price target raised to $60 from $57 at Keefe Bruyette
Keefe Bruyette raised the firm’s price target on Mercantile Bank (MBWM) to $60 from $57 and keeps an Outperform rating on the shares.
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 Earnings release: Q1 2026
Mercantile Bank released its Q1 2026 earnings on April 21, 2026, summarizing the period's financial results.
Mercantile Bank Slides: Q1 2026
Mercantile Bank has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on April 21, 2026.
Mercantile Bank Quarterly report: Q1 2026
Mercantile Bank has published its Q1 2026 quarterly earnings report on April 21, 2026.
Mercantile Bank reports Q1 non-GAAP EPS $1.46, consensus $1.31
Reports Q1 revenue $67.6M, consensus $67.41M. Q1 net interest margin was 3.55%, up from 3.47% in the prior-year Q1. Tangible book value per common share was $37.34 as of March…
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 Proxy statement: Proxy filing
Mercantile Bank filed a proxy statement on April 2, 2026, providing details for shareholder voting and corporate governance matters.
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 initiated with an Equal Weight at Stephens
Stephens initiated coverage of Mercantile Bank (MBWM) with an Equal Weight rating and $54 price target Over the next year, the firm believes Mercantile will be “on a pathway” to…