Mercantile Bank Corporation (MBWM)
Market Cap | 444.62M |
Revenue (ttm) | 198.44M |
Net Income (ttm) | 70.54M |
Shares Out | 16.00M |
EPS (ttm) | 4.43 |
PE Ratio | 6.45 |
Forward PE | 7.69 |
Dividend | $1.32 (4.76%) |
Ex-Dividend Date | Jun 1, 2023 |
Volume | 16,634 |
Open | 28.66 |
Previous Close | 28.57 |
Day's Range | 27.25 - 28.66 |
52-Week Range | 23.89 - 39.03 |
Beta | 1.00 |
Analysts | Buy |
Price Target | 37.50 (+35.11%) |
Earnings Date | Jul 18, 2023 |
About MBWM
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family... [Read more]
Financial Performance
In 2022, MBWM's revenue was $183.77 million, a decrease of -0.44% compared to the previous year's $184.58 million. Earnings were $61.06 million, an increase of 3.46%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price forecast is $37.5, which is an increase of 35.11% from the latest price.
News

Mercantile Bank Corporation Announces Strong First Quarter Results
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $21.0 million, or $1.31 per diluted share, for the first quarter of 2023, compared with net income of $11.5 million, or...

Mercantile Bank Corporation Declares Regular Cash Dividend
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on April 13, 2023, its Board of Directors declared a regular quarterly cash dividend of $0.33 per common share, payable o...

Mercantile Bank Corporation Announces First Quarter 2023 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , March 29, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2022 Results
Substantial increase in net interest income, solid loan growth, and continuing strength in asset quality metrics highlight 2022 GRAND RAPIDS, Mich. , Jan. 17, 2023 /PRNewswire/ -- Mercantile Bank Corp...

Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.33 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 3.8 percent GRAND RAPIDS, Mich. , Jan. 17, 2023 /PRNewswire/ -- Mercantile Ba...

Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2022 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Dec. 19, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.

Mercantile Appoints New Members to Bank Board of Directors
GRAND RAPIDS, Mich. , Dec. 1, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"), announced today the appointments of Amy L.

Mercantile Bank Corporation Announces Robust Third Quarter 2022 Results
Significant increase in net interest income, solid loan growth, and ongoing strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , Oct. 18, 2022 /PRNewswire/ -- Mercantile Bank Corp...

Mercantile Bank Corporation Announces Third Quarter 2022 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Sept. 27, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call and webcast to discuss third quarter 2022 results on Tuesday, October 18, 20...

Mercantile Bank Corporation Raises Quarterly Dividend From $0.31 To $0.32/Share
Mercantile Bank Corporation Raises Quarterly Dividend From $0.31 To $0.32/Share

Mercantile Bank Corporation Announces Strong Second Quarter 2022 Results
Robust loan growth, continuing strength in asset quality metrics, and significant increases in several key fee income categories highlight quarter GRAND RAPIDS, Mich. , July 19, 2022 /PRNewswire/ -- M...

Mercantile Bank Corporation Announces Second Quarter 2022 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , June 27, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss second quarter 2022 results on Tuesday, July 19, 2022, at 10:00 a....

Mercantile Bank Corporation Announces Solid First Quarter 2022 Results
Strong core commercial loan growth, ongoing strength in asset quality metrics, and substantial increases in several key fee income categories highlight quarter GRAND RAPIDS, Mich. , April 19, 2022 /PR...

Mercantile Bank Corporation Announces First Quarter 2022 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , March 30, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss first quarter 2022 results on Tuesday, April 19, 2022, at 10:00 a...

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2021 Results
GRAND RAPIDS, Mich., Jan. 18, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $11.6 million, or $0.74 per diluted share, for the fourth quarter of...

Mercantile Bank Corporation Raises Additional $15 Million of Subordinated Notes
GRAND RAPIDS, Mich., Jan. 14, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" or the "Company") today announced that it has issued an additional $15 million of its 3.25% ...

Mercantile Bank of Michigan Establishes The Mercantile Bank Foundation
GRAND RAPIDS, Mich., Dec. 30, 2021 /PRNewswire/ -- Mercantile Bank Corporation's (NASDAQ: MBWM) subsidiary bank Mercantile Bank of Michigan ("Mercantile Bank") announced today that it has formed The M...

Mercantile Bank Corporation Announces Fourth Quarter 2021 Results Conference Call and Webcast
GRAND RAPIDS, Mich., Dec. 17, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss fourth quarter 2021 results on Tuesday, January 18, 2022, at 10:00 ...

Mercantile Bank Corporation Closes Private Placement of $75 Million of Subordinated Notes
GRAND RAPIDS, Mich., Dec. 15, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" or the "Company") today announced the pricing of its issuance, offer, and sale of $75 millio...

KBRA Assigns Ratings to Mercantile Bank Corporation
NEW YORK--(BUSINESS WIRE)-- #KBRA--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Grand Rapids...

Mercantile Bank Corporation Reports Strong Third Quarter 2021 Results
GRAND RAPIDS, Mich., Oct. 19, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $15.1 million, or $0.95 per diluted share, for the third quarter of ...

Earnings Outlook For Mercantile Bank
MBWM is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.

Mercantile Bank Corporation Announces Third Quarter 2021 Results Conference Call and Webcast
GRAND RAPIDS, Mich., Sept. 30, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss third quarter 2021 results on Tuesday, October 19, 2021, at 10:00 ...

Recap: Mercantile Bank Q2 Earnings
Shares of Mercantile Bank (NASDAQ:MBWM) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 107.41% year over year to $1.12, which beat the estimate of...

Mercantile Bank Corporation Reports Strong Second Quarter 2021 Results
GRAND RAPIDS, Mich., July 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $18.1 million, or $1.12 per diluted share, for the second quarter of...