Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
Want to see MBWM full AI Analyst Report?
MBWM Stock Chart & Stats
$53.68
-$0.24(-0.56%)
At close: 4:00 PM EST
$53.68
-$0.24(-0.56%)
Day’s Range― - ―
52-Week Range$42.17 - $55.77
Previous CloseN/A
Volume10.61K
Average Volume (3M)62.10K
Market Cap
$898.44M
Enterprise Value$1.56B
Total Cash (Recent Filing)$48.43M
Total Debt (Recent Filing)$703.26M
Price to Earnings (P/E)9.8
Beta0.91
Next Earnings
Jul 21, 2026EPS Estimate
1.33Next Dividend Ex-DateN/A
Dividend Yield3.05%
Share Statistics
EPS (TTM)5.57
Shares Outstanding17,274,376
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 Cap1.74
Enterprise Value/Revenue4.12
Enterprise Value/Gross Profit6.21
Enterprise Value/Ebitda14.46
Forecast
1Y Price Target
$57.00Price Target Upside6.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)5.54
Revenue Forecast (FY)$278.68M
Bulls Say, Bears Say
Bulls Say
Deposit Growth & Funding MixSustained, broad deposit growth meaningfully strengthens low-cost funding and funding stability. A lower loan-to-deposit ratio (89%) and rising noninterest-bearing share reduce reliance on wholesale funding, supporting durable loan origination capacity and cushioning net interest income through funding-cost advantages over time.
Strong Capital & Improved LeverageA healthy capital base and materially improved leverage give the bank strategic flexibility to fund organic loan growth, absorb credit volatility, and consider buybacks or acquisitions. Robust ratios reduce regulatory constraint risk and support multi-year growth and shareholder-return choices without endangering regulatory standing.
Diversifying Fee IncomeAccelerating treasury, card and mortgage fees materially diversify revenue away from pure interest spread. Growing fee streams lower earnings cyclicality tied to rates, improve revenue mix, and support margin resilience over time as transactional and relationship-driven fees are stickier than short-term loan repricing.
Bears Say
Excess Low-Yield Cash BalancesLarge, persistent idle Fed balances reduce earning asset deployment and depress net interest margin until redeployed into loans or higher-yield securities. This structural liquidity overhang makes margin recovery contingent on prudent loan sourcing and reinvestment timing, extending pressure on NII durability.
Volatile Cash GenerationInconsistent cash conversion constrains reinvestment, capital returns, and buffer capacity. With FCF covering ~62% of net income and notable year-to-year swings, the bank relies more on accrual earnings and capital actions to fund growth or distributions, increasing execution and funding flexibility risk.
Elevated Loan Payoffs Moderating Loan GrowthHigher-than-normal payoffs reduce outstanding loan balances and blunt organic net loan growth despite strong pipeline commitments. If payoff trends persist, the bank must redeploy into lower-yield liquidity or securities, pressuring NII and making mid-single-digit loan growth targets harder to sustain.
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 $42.17 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 $898.44M.
When is Mercantile Bank Corp.’s upcoming earnings report date?
Mercantile Bank Corp.’s upcoming earnings report date is Jul 21, 2026 which is in 60 days.
How were Mercantile Bank Corp.’s earnings last quarter?
Mercantile Bank Corp. released its earnings results on Apr 21, 2026. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.257 by $0.063.
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 1.33.
How many shares outstanding does Mercantile Bank Corp. have?
Mercantile Bank Corp. has 17,274,376 shares outstanding.
What happened to Mercantile Bank Corp.’s price movement after its last earnings report?
Mercantile Bank Corp. reported an EPS of $1.32 in its last earnings report, beating expectations of $1.257. Following the earnings report the stock price went down -3.436%.
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
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$57.00 (6.18% Upside)
$57.00 (6.18% Upside)
Blogger Sentiment
Bullish
MBWM Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 910.0 Shares
Last Quarter.
Last Quarter.
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.45%
12-Months-Change
Fundamentals
Return on Equity
13.36%
Trailing 12-Months
Asset Growth
13.09%
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a predominantly positive operating and financial picture driven by a completed acquisition, strong deposit growth, margin resilience, healthy asset quality and growing fee income. Headwinds include elevated loan payoffs that dampened near-term loan growth, higher operating expenses (including transition and acquisition-related costs), larger low-yield cash balances that compress margins until redeployed, and uncertainty around provisioning and regulatory capital changes. Management's guidance and pipeline suggest mid-single-digit loan growth and stable-to-improving margin through the year, supporting a constructive outlook despite the near-term expense and liquidity headwinds.View all MBWM earnings summariesMBWM Stock 12 Month Forecast
Average Price Target
$57.00
▲(6.18% Upside)
Technical Analysis
Capital City Bank
―
Cnb Financial
―
Hanmi Financial
―
TrustCo Bank
―
MetroCity Bankshares
―
Ownership Overview
2.53% Insiders
16.23% Mutual Funds
11.93% Other Institutional Investors
51.74% Public Companies and
Individual Investors
Options Prices
Currently, No data available
---