Mercantile Bank Corporation (MBWM)
| Market Cap | 900.77M +33.2% |
| Revenue (ttm) | 252.69M +14.0% |
| Net Income | 91.90M +18.5% |
| EPS | 5.57 +16.0% |
| Shares Out | 17.27M |
| PE Ratio | 9.34 |
| Forward PE | 9.39 |
| Dividend | $1.56 (3.00%) |
| Ex-Dividend Date | Jun 5, 2026 |
| Volume | 2,901 |
| Open | 52.04 |
| Previous Close | 52.01 |
| Day's Range | 52.04 - 52.15 |
| 52-Week Range | 42.17 - 55.77 |
| Beta | 0.83 |
| Analysts | Buy |
| Price Target | 55.67 (+6.76%) |
| 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... [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 3 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price target is $55.67, which is an increase of 6.76% from the latest price.
News
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 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 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
Mercantile Bank Corporation Named Crain's Grand Rapids Business M&A Deal of the Year in Finance and Banking
GRAND RAPIDS, Mich., March 17, 2026 /PRNewswire/ -- Mercantile Bank Corporation ("Mercantile") has been recognized by Crain's Grand Rapids Business with a 2026 M&A Award for Deal of the Year in the Fi...
Mercantile Bank price target raised to $57 from $56 at Keefe Bruyette
Keefe Bruyette raised the firm’s price target on Mercantile Bank (MBWM) to $57 from $56 and keeps an Outperform rating on the shares. The majority of cost savings are not
Mercantile Bank price target raised to $57 from $55.50 at Piper Sandler
Piper Sandler raised the firm’s price target on Mercantile Bank (MBWM) to $57 from $55.50 and keeps a Neutral rating on the shares. While results in Q4 were mixed with
Mercantile Bank Earnings Call Transcript: Q4 2025
Fourth quarter and full-year 2025 saw strong earnings growth, margin stability, and robust asset quality, supported by the Eastern Michigan Bank acquisition and disciplined balance sheet management. Outlook for 2026 includes 5%-7% loan growth and continued investment in Southeast Michigan.
Mercantile Bank reports Q4 EPS $1.40, consensus $1.37
Reports Q4 revenue $62.1M, consensus $61.98M. Reports Q4 CET1 capital ratio 11.30%. Reports Q4 tangible book value per share $36.78. Reports Q4 CET1 capital ratio .23%. “We are very pleased
Mercantile Bank increases quarterly dividend to 39c per share
Mercantile Bank (MBWM) announced that on January 15, its board of directors declared a regular quarterly cash dividend of 39c per common share, payable on March 18 to holders of
Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2025 Results
Increases in net interest income and certain noninterest income categories, sustained strength in asset quality metrics and capital levels, and acquisition of Eastern Michigan Financial Corporation ...
Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.39 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.1% percent GRAND RAPIDS, Mich., Jan. 20, 2026 /PRNewswire/ -- Mercantile Ba...
Mercantile Bank price target raised to $55.50 from $55 at Piper Sandler
Piper Sandler raised the firm’s price target on Mercantile Bank (MBWM) to $55.50 from $55 and keeps a Neutral rating on the shares. The firm updates its estimates following the
Mercantile Bank price target raised to $54 from $52 at Raymond James
Raymond James analyst Daniel Tamayo raised the firm’s price target on Mercantile Bank (MBWM) to $54 from $52 and keeps an Outperform rating on the shares. Forecasts were updated to
Mercantile Bank Corporation Announces Completion of Merger with Eastern Michigan Financial Corporation
GRAND RAPIDS, Mich., Dec. 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today the completion of its previously announced merger with Eastern Michigan Fin...
Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2025 Results Conference Call and Webcast
GRAND RAPIDS, Mich., Dec. 29, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank and Eastern Michigan Financial receive approval for merger
Mercantile Bank (MBWM) and Eastern Michigan Financial Corporation jointly announced that the Federal Reserve Bank of Chicago has approved the proposed merger of Mercantile and Eastern. As previously a...
Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Receipt of All Required Regulatory Approvals for Pending Merger
GRAND RAPIDS, Mich. , Dec. 16, 2025 /PRNewswire/ -- Mercantile Bank Corporation ("Mercantile") (NASDAQ: MBWM) and Eastern Michigan Financial Corporation ("Eastern") (OTCID: EFIN) today jointly announc...
Mercantile Bank price target lowered to $52 from $55 at Raymond James
Raymond James lowered the firm’s price target on Mercantile Bank (MBWM) to $52 from $55 and keeps an Outperform rating on the shares. The Q3 results were solid with asset
Mercantile Bank Earnings Call Transcript: Q3 2025
Q3 2025 saw strong earnings growth, stable margins, and robust asset quality, with net income up 21% year-over-year and tangible book value per share up 13%. The Eastern Michigan acquisition is expected to further enhance performance, while loan and deposit growth remain solid.
Mercantile Bank reports Q3 EPS $1.46, consensus $1.38
Reports Q3 revenue $62.4M, consensus $61.4M. Reports Q3 tangible book value per share $37.41. “We are very pleased to report another quarter of robust financial performance, especially when taking int...
Mercantile Bank Corporation Announces Strong Third Quarter 2025 Results
Growth in net interest income and certain noninterest income categories and continued strength in asset quality metrics and capital measures highlight the quarter GRAND RAPIDS, Mich. , Oct. 21, 2025 /...