Mercantile Bank Corporation (MBWM)

Market Cap	712.73M
Revenue (ttm)	222.30M
Net Income (ttm)	77.57M
Shares Out	16.24M
EPS (ttm)	4.80
PE Ratio	9.15
Forward PE	8.96
Dividend	$1.48 (3.37%)
Ex-Dividend Date	Jun 6, 2025

Volume	36,434
Open	43.51
Previous Close	43.32
Day's Range	43.20 - 44.27
52-Week Range	35.61 - 52.98
Beta	0.89
Analysts	Buy
Price Target	52.25 (+19.02%)
Earnings Date	Apr 22, 2025

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...

• Industry: Banks - Regional
• Sector: Financials
• IPO Date: Aug 7, 1997
• Employees: 682
• Stock Exchange: NASDAQ
• Ticker Symbol: MBWM
• Website: https://www.mercbank.com

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%.

Analyst Forecast

According to 2 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price forecast is $52.25, which is an increase of 19.02% from the latest price.

Price Target

$52.25

(19.02% upside)

Analyst Consensus: Buy