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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
MBWM Stock Chart & Stats
$50.32
-$0.24(-0.56%)
At close: 4:00 PM EST
$50.32
-$0.24(-0.56%)
Day’s Range― - ―
52-Week Range$37.76 - $55.77
Previous CloseN/A
Volume10.61K
Average Volume (3M)62.10K
Market Cap
$865.55M
Enterprise Value$1.22B
Total Cash (Recent Filing)$1.58B
Total Debt (Recent Filing)$825.88M
Price to Earnings (P/E)8.8
Beta0.94
Next Earnings
Apr 21, 2026EPS Estimate
1.26Next Dividend Ex-DateN/A
Dividend Yield3.05%
Share Statistics
EPS (TTM)1.40
Shares Outstanding17,272,960
10 Day Avg. Volume75,592
30 Day Avg. Volume62,105
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)1.08
Price to Sales (P/S)2.10
P/FCF Ratio69.79
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue3.28
Enterprise Value/Gross Profit5.12
Enterprise Value/Ebitda11.44
Forecast
1Y Price Target
$56.00Price Target Upside11.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)5.53
Revenue Forecast (FY)$272.54M
Bulls Say, Bears Say
Bulls Say
Multi‑year Revenue And Profitability GrowthSustained top‑line expansion and near‑24% net margin indicate durable earnings power driven by lending and fee businesses. This scale and margin support consistent internal capital generation, underpinning reinvestment, dividends and the ability to absorb cyclical shocks over the next 2–6 months.
Strong Deposit Base And Improved Funding ProfileHealthy deposit growth and a lower loan‑to‑deposit ratio enhance funding stability and reduce wholesale funding reliance. A larger low‑cost deposit mix increases structural resilience for funding loan growth and preserves margin upside as assets reprice over coming quarters.
Strategic Acquisition Expands FranchiseThe Eastern Michigan deal meaningfully expands Mercantile’s footprint, deposit base and lending relationships in East/Southeast Michigan. This structural market share gain increases cross‑sell runway, diversifies the deposit mix and supports medium‑term organic growth once integration completes.
Bears Say
Rising Debt And Higher LeverageA meaningful increase in total debt and elevated leverage raise balance‑sheet risk if earnings or credit quality weaken. Higher interest and covenant exposure can constrain strategic flexibility and amplify earnings volatility during adverse credit or rate environments.
Operating Cash Flow Decline And FCF VolatilityDeclining operating cash flow and historically volatile free cash flow limit internal funding for investments, buybacks or unexpected losses. Even with positive FCF in 2025, the downward trend reduces near‑term financial flexibility and heightens reliance on deposit funding or borrowing.
Rising Noninterest Expenses And Integration CostsHigher staffing, data processing and acquisition expenses, plus a planned core/digital conversion, pressure sustainable operating leverage. Upfront investments delay cost savings until 2027, compressing margins and reducing near‑term earnings lift from growth initiatives.
Mercantile Bank News
MBWM FAQ
What was Mercantile Bank Corp.’s price range in the past 12 months?
Mercantile Bank Corp. lowest stock price was $37.76 and its highest was $55.77 in the past 12 months.
What is Mercantile Bank Corp.’s market cap?
Mercantile Bank Corp.’s market cap is $865.55M.
When is Mercantile Bank Corp.’s upcoming earnings report date?
Mercantile Bank Corp.’s upcoming earnings report date is Apr 21, 2026 which is in 42 days.
How were Mercantile Bank Corp.’s earnings last quarter?
Mercantile Bank Corp. released its earnings results on Jan 20, 2026. The company reported $1.4 earnings per share for the quarter, beating the consensus estimate of $1.342 by $0.058.
Is Mercantile Bank Corp. overvalued?
According to Wall Street analysts Mercantile Bank Corp.’s price is currently Undervalued.
Does Mercantile Bank Corp. pay dividends?
Mercantile Bank Corp. pays a Quarterly dividend of $0.38 which represents an annual dividend yield of 3.05%. See more information on Mercantile Bank Corp. dividends here
What is Mercantile Bank Corp.’s EPS estimate?
Mercantile Bank Corp.’s EPS estimate is 1.26.
How many shares outstanding does Mercantile Bank Corp. have?
Mercantile Bank Corp. has 17,272,960 shares outstanding.
What happened to Mercantile Bank Corp.’s price movement after its last earnings report?
Mercantile Bank Corp. reported an EPS of $1.4 in its last earnings report, beating expectations of $1.342. Following the earnings report the stock price went up 0.776%.
Which hedge fund is a major shareholder of Mercantile Bank Corp.?
Currently, no hedge funds are holding shares in MBWM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Mercantile Bank Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$56.00 (11.29% Upside)
$56.00 (11.29% Upside)
Blogger Sentiment
Bullish
MBWM Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 910.0 Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.45%
12-Months-Change
Fundamentals
Return on Equity
13.79%
Trailing 12-Months
Asset Growth
10.33%
Trailing 12-Months
Company Description
Mercantile Bank Corp.
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 and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
MBWM Company Deck
MBWM Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong financial performance and balance-sheet fundamentals: expanded deposits, stable net interest margin despite falling short-term rates, solid earnings growth (11% EPS growth), robust capital ratios, strong fee-income growth, and completion of the Eastern Michigan Bank acquisition which should support liquidity and margin. Headwinds include loan yield pressure from late-2025 rate cuts, elevated loan payoffs limiting near-term loan growth, higher noninterest expenses from hires, data processing and acquisition costs, and some provision/reserve volatility tied to specific commercial credit. Management provided constructive guidance (5–7% loan growth, modest margin expansion) but noted sensitivity to market rate moves and near-term investments that will delay some cost saves until 2027.View all MBWM earnings summariesMBWM Stock 12 Month Forecast
Average Price Target
$56.00
▲(11.29% Upside)
Technical Analysis
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Ownership Overview
3.09% Insiders
16.62% Mutual Funds
11.93% Other Institutional Investors
51.68% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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