NASDAQ : MBWM

Mercantile Bank Corporation

$58.5 USD

$1.32 (2.31%)

Volume
146.59K
Average Volume
134.06K
Market Capitalization
$1.01B
P/E Ratio
10.30
Dividend Yield
2.63%
Price Target
$63.50
Year High
$60.40
Year Low
$42.75
Day High
—
Day Low
—
Payout Ratio
$0.26
Current Ratio
$0.22
Company Overview

NASDAQ

Raymond E. Reitsma

Banks - Regional

Financial Services

MBWM

662

US

USD

https://www.mercbank.com

616 406 3000

587376104

0001042729

Liquidity Metrics

0.91

0.22

0.22

0.01

0.26

Sales & Valuation

$371.8M

2.63

1.34

23.45

2.50

Profitability

$5.46

$88.75M

24.79%

28.78%

13.25%

1.40%

P/E Metrics

10.30

0.81

0.81

Analyst Price Target & Rating

$63.50

$65.00

$62.00

Neutral

3/5

8 Analysts

-7.87%

Financial Health Scores

-0.46

5/9

-$4.32B

$6.82B

$6.06B

$110.55M

Key Metrics (TTM)

$1.61B

4.18

13.76

0.22

13.25%

-2.41%

9.65%

4.36%

$73.70

0 days

Company Executives
Name Title
Justin Karl Executive Vice President & Senior Lending Officer of Mercantile Bank
Scott Setlock Executive Vice President, Chief Operating Officer & Secretary
Douglas J. Holtrop Executive Vice President & Senior Lending Officer of Mercantile Bank
Jeff Kaiser Senior Vice President & Head of Risk Management Department
Tara Randall Executive VP & Chief Experience Officer of Mercantile Bank
Sonali D. Allen Senior Vice President and Chief Compliance & Community Development Officer of Mercantile Bank
Brett Hoover Executive Vice President & Chief Human Resource Officer
Charles E. Christmas Executive Vice President, Chief Financial Officer & Treasurer
Mark S. Augustyn Executive VP & Chief Commercial Banking Officer of the Mercantile Bank
Raymond E. Reitsma President, Chief Executive Officer & Director
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About Mercantile Bank Corporation (NASDAQ:MBWM) Stock

Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including fund ... ing for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options. Beyond core banking, Mercantile Bank supplies additional conveniences like courier services and secure deposit boxes. It also markets a comprehensive array of insurance policies, such as coverage for private auto, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella liability, small business needs, and life insurance. The bank's infrastructure further includes 22 automated teller machines (ATMs) and 19 video banking machines. As of January 18, 2022, the company maintained 44 branch locations. Established in 1997, Mercantile Bank Corporation's main office is situated in Grand Rapids, Michigan.

Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript

2026-07-21 14:53:58

Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript

Mercantile Bank Q2 Earnings Call Highlights

2026-07-21 14:04:07

Mercantile Bank NASDAQ: MBWM reported higher second-quarter earnings and said its year-end 2025 acquisition of Eastern Michigan contributed to stronger deposits, improved liquidity and a stable net interest margin.

Compared to Estimates, Mercantile Bank (MBWM) Q2 Earnings: A Look at Key Metrics

2026-07-21 10:31:09

While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Mercantile Bank (MBWM) Surpasses Q2 Earnings Estimates

2026-07-21 08:06:06

Mercantile Bank (MBWM) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.39 per share a year ago.

Mercantile Bank Corporation Announces Strong Second Quarter 2026 Results

2026-07-21 05:05:00

Net interest income expansion, strong commercial loan growth, and sustained strength in asset quality metrics and capital levels highlight the quarter GRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $25.9 million, or $1.50 per diluted share, for the second quarter of 2026, compared with net income of $22.6 million, or $1.39 per diluted share, for the second quarter of 2025.

Mercantile Bank Corporation Increases Regular Cash Dividend

2026-07-21 05:00:00

Board of Directors declares $0.40 regular quarterly cash dividend on common stock,  resulting in a current annual yield of approximately 2.8% percent GRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 16, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.40 per common share, payable on September 16, 2026, to holders of record as of September 4, 2026.

Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline

2026-07-14 11:01:08

Mercantile Bank (MBWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mercantile Bank Corporation Announces Second Quarter 2026 Results Conference Call and Webcast

2026-06-30 09:00:00

GRAND RAPIDS, Mich., June 30, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.

Frequently Asked Questions

What is the current Mercantile Bank Corporation (MBWM) stock price?

Mercantile Bank Corporation(NASDAQ:MBWM) stock price is $58.5 in the last trading session. During the trading session, MBWM stock reached the peak price of $60.4 while $42.75 was the lowest point it dropped to. The percentage change in MBWM stock occurred in the recent session was 2.31% while the dollar amount for the price change in MBWM stock was $1.32.

MBWM's industry and sector of operation?

The NASDAQ listed MBWM is part of Banks - Regional industry that operates in the broader Financial Services sector.

Who are the executives of MBWM?

Justin Karl | Executive Vice President & Senior Lending Officer of Mercantile Bank
Scott Setlock | Executive Vice President, Chief Operating Officer & Secretary
Douglas J. Holtrop | Executive Vice President & Senior Lending Officer of Mercantile Bank
Jeff Kaiser | Senior Vice President & Head of Risk Management Department
Tara Randall | Executive VP & Chief Experience Officer of Mercantile Bank

How many employees does MBWM have?

Number of MBWM employees currently stands at 662. MBWM operates from 310 Leonard Street NW, Grand Rapids, MI 49504, US.

Link for MBWM official website?

Official Website of MBWM is: https://www.mercbank.com

How do I contact MBWM?

MBWM could be contacted at phone #616 406 3000 and can also be accessed through its website. MBWM operates from 310 Leonard Street NW, Grand Rapids, MI 49504, US.

How many shares of MBWM are traded daily?

The average number of MBWM shares traded daily for last 3 months was 134.06K.

What is the market cap of MBWM currently?

The market value of MBWM currently stands at $1.01B with its latest stock price at $58.5