Mercantile Bank Corporation (MBWM)

Market Cap	927.32M +31.4%
Revenue (ttm)	238.45M +6.8%
Net Income	88.75M +11.5%
EPS	5.47 +10.9%
Shares Out	17.27M
PE Ratio	9.82
Forward PE	9.59
Dividend	$1.56 (2.91%)
Ex-Dividend Date	Mar 6, 2026

Volume	172,560
Open	52.83
Previous Close	52.30
Day's Range	52.83 - 54.88
52-Week Range	39.23 - 55.77
Beta	0.87
Analysts	Buy
Price Target	53.63 (-0.09%)
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...

• Industry: Banks - Regional
• Sector: Financials
• IPO Date: Aug 7, 1997
• Employees: 786
• Stock Exchange: NASDAQ
• Ticker Symbol: MBWM
• Website: https://www.mercbank.com

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%.

Analyst Summary

According to 4 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price target is $53.63, which is a decrease of -0.09% from the latest price.

Price Target

$53.63

(-0.09% downside)

Analyst Consensus: Buy