Mercantile Bank Corporation (MBWM)
| Market Cap | 906.04M +22.7% |
| Revenue (ttm) | 252.69M +14.0% |
| Net Income | 91.90M +18.5% |
| EPS | 5.57 +16.0% |
| Shares Out | 17.27M |
| PE Ratio | 9.42 |
| Forward PE | 9.47 |
| Dividend | $1.56 (2.97%) |
| Ex-Dividend Date | Jun 5, 2026 |
| Volume | 37,237 |
| Open | 52.18 |
| Previous Close | 52.45 |
| Day's Range | 52.00 - 52.71 |
| 52-Week Range | 42.17 - 55.77 |
| Beta | 0.83 |
| Analysts | Buy |
| Price Target | 59.33 (+13.12%) |
| 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 6 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price target is $59.33, which is an increase of 13.12% 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 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…
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 Annual report: Q4 2025
Mercantile Bank has published its Q4 2025 annual report on January 20, 2026.
Mercantile Bank Earnings release: Q4 2025
Mercantile Bank released its Q4 2025 earnings on January 20, 2026, summarizing the period's financial results.
Mercantile Bank Slides: Q4 2025
Mercantile Bank has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on January 20, 2026.
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...