Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
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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$41.35 - $55.77
Previous CloseN/A
Volume10.61K
Average Volume (3M)62.10K
Market Cap
$885.68M
Enterprise Value$1.55B
Total Cash (Recent Filing)$1.58B
Total Debt (Recent Filing)$825.88M
Price to Earnings (P/E)9.8
Beta0.90
Next Earnings
Jul 21, 2026EPS Estimate
1.33Next Dividend Ex-DateN/A
Dividend Yield3.05%
Share Statistics
EPS (TTM)1.32
Shares Outstanding17,274,899
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 Cap1.75
Enterprise Value/Revenue4.18
Enterprise Value/Gross Profit6.52
Enterprise Value/Ebitda14.58
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
Multi-year Revenue & Earnings GrowthSustained top-line expansion and healthy margins over the multi-year cycle indicate a durable revenue base and operating leverage. Five-year EPS CAGR (15.1%) and rising tangible value support the bank's ability to generate recurring earnings and absorb cyclical shocks over coming quarters.
Strong Capital And Asset QualityVery low NPAs and a sizeable allowance relative to problem loans signal conservative credit underwriting and strong loss-absorbing capacity. Coupled with reported capital buffers above regulatory minima, this profile supports stability through credit cycles and underpins long-term earnings resilience.
Deposit Growth And Scale From AcquisitionRapid deposit inflows and the Eastern Michigan acquisition materially expanded low-cost funding and balance-sheet capacity. A stronger deposit base and improved loan-to-deposit ratio provide durable funding for loan growth and support margin stability as excess liquidity is redeployed.
Bears Say
Margin Pressure From Excess Low-yield CashPersistently elevated low-yield reserves reduce net interest income per dollar of assets and can compress margins for several quarters until securities or loans absorb the excess. Management already trimmed NIM guidance, indicating this is a structural headwind while deposit growth outpaces lending deployment.
Rising Noninterest Expenses And Integration CostsHigher salaries, benefits, reserve allocations and integration/conversion costs create a sustained upward shift in the cost base. Unless offset by revenue or efficiency gains, this structural expense pressure will weigh on efficiency ratios and limit incremental earnings leverage over the next several quarters.
Higher Debt And Cash-flow VolatilityIncreased leverage and year-to-year operating cash flow decline reduce financial flexibility and heighten sensitivity to earnings or credit stress. Higher debt servicing needs and volatile cash generation can constrain capital actions and make the bank more exposed if credit conditions deteriorate.
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 $41.35 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 $885.68M.
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 82 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 17,274,899 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
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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
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Ownership Overview
3.05% Insiders
16.18% Mutual Funds
1.38% Other Institutional Investors
62.25% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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