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The latest update is out from Mercantile Bank ( (MBWM) ).
On January 20, 2025, Mercantile Bank Corporation reported strong fourth-quarter and full-year 2025 results, with fourth-quarter net income rising to $22.8 million, or $1.40 per diluted share, from $19.6 million a year earlier, and full-year 2025 net income increasing to $88.8 million, or $5.47 per diluted share, from $79.6 million in 2024. The bank’s performance was underpinned by approximately 5% growth in net interest income, higher treasury management, mortgage banking and payroll services fees, and a significant reduction in its effective tax rate, while maintaining robust asset quality, solid capital levels, and improved funding metrics, including a lower loan-to-deposit ratio supported by strong local deposit growth. Mercantile also completed its acquisition of Eastern Michigan Financial Corporation on December 31, 2025, adding $572 million in assets and further strengthening its franchise in East and Southeast Michigan, a move that, alongside steady returns on assets and equity and rising tangible book value, reinforces the bank’s competitive positioning and capacity to fund future asset growth despite a lower interest-rate environment.
The most recent analyst rating on (MBWM) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on Mercantile Bank stock, see the MBWM Stock Forecast page.
Spark’s Take on MBWM Stock
According to Spark, TipRanks’ AI Analyst, MBWM is a Outperform.
The score is driven primarily by solid core profitability and a compelling valuation (low P/E and ~3.15% yield). Earnings-call details and the completed acquisition add support via stable margin and strong asset quality, while weaker cash-flow conversion and only mixed technical momentum temper the overall rating.
To see Spark’s full report on MBWM stock, click here.
More about Mercantile Bank
Mercantile Bank Corporation (NASDAQ: MBWM), based in Grand Rapids, Michigan, operates in the commercial banking industry, offering lending, deposit, treasury management, mortgage banking and payroll services, with a growing presence across Michigan, including recent expansion into East and Southeast Michigan through acquisitions.
Average Trading Volume: 79,805
Technical Sentiment Signal: Buy
Current Market Cap: $816.6M
For an in-depth examination of MBWM stock, go to TipRanks’ Overview page.