Mercantile Bank Corporation (MBWM)

Currency in USD
44.53
+0.48(+1.09%)
Closed·
After Hours
44.530.00(0.00%)
·
MBWM Scorecard
Full Analysis
Has raised its dividend for 5 consecutive years
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Fair Value
Day's Range
44.1345.07
52 wk Range
37.7652.98
Key Statistics
Prev. Close
44.05
Open
44.42
Day's Range
44.13-45.07
52 wk Range
37.76-52.98
Volume
38.56K
Average Volume (3m)
76.48K
1-Year Change
7.22%
Book Value / Share
38.9
Fair Value
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Fair Value Upside
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MBWM Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
55.60
Upside
+24.86%
Members' Sentiments
Bearish
Bullish
ProTips
5 analysts have revised their earnings upwards for the upcoming period
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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Neutral
Technical Indicators
Buy
Moving Averages
Neutral

Mercantile Bank Corporation Company Profile

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides 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; 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, the company offers courier services and safe deposit boxes; 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Sector
Financial
Employees
665

Mercantile Bank Corporation Earnings Call Summary for Q2/2025

  • Mercantile Bank's Q2 2025 EPS of $1.39 beat forecasts by 12.1%, with revenue of $60.9M slightly above expectations
  • Net income rose to $22.6M from $18.8M in Q2 2024; stock price increased 2.56% to $50 in premarket trading
  • Strategic partnership with Eastern Michigan Bank announced, expected to yield $5.5M in cost savings
  • Projected loan growth of 1-2% in Q3 and 3-5% in Q4 2025; net interest margin forecast at 3.5-3.6% for Q3
  • Management emphasized focus on deposit growth and successful integration of Eastern Michigan Bank acquisition
Last Updated: 22/07/2025, 15:58
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Compare MBWM to Peers and Sector

Metrics to compare
MBWM
Peers
Sector
Relationship
P/E Ratio
8.9x14.2x9.5x
PEG Ratio
−23.10−0.440.03
Price/Book
1.1x1.3x1.0x
Price / LTM Sales
3.2x3.3x2.8x
Upside (Analyst Target)
25.8%21.1%13.1%
Fair Value Upside
Unlock−2.3%2.3%Unlock

Analyst Ratings

3 Buy
2 Hold
0 Sell
Ratings:
5 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 55.60
(+24.86% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 5.03%
Dividend Yield
3.41%
Industry Median 3.45%
Annualised payout
1.52
Paid quarterly
5-Years Growth
+5.83%
Growth Streak

Earnings

Latest Release
Jul 22, 2025
EPS / Forecast
1.39 / 1.24
Revenue / Forecast
60.90M / 60.02M
EPS Revisions
Last 90 days

MBWM Income Statement

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FAQ

What Stock Exchange Does Mercantile Trade On?

Mercantile is listed and trades on the Nasdaq Stock Exchange stock exchange.

What Is the Stock Symbol for Mercantile?

The stock symbol for Mercantile is "MBWM."

What Is the Mercantile Market Cap?

As of today, Mercantile market cap is 723.55M.

What Is Mercantile's Earnings Per Share (TTM)?

The Mercantile EPS (TTM) is 5.03.

When Is the Next Mercantile Earnings Date?

Mercantile will release its next earnings report on 20 Oct 2025.

From a Technical Analysis Perspective, Is MBWM a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has Mercantile Stock Split?

Mercantile has split 7 times.

How Many Employees Does Mercantile Have?

Mercantile has 665 employees.

What is the current trading status of Mercantile (MBWM)?

As of 10 Aug 2025, Mercantile (MBWM) is trading at a price of 44.53, with a previous close of 44.05. The stock has fluctuated within a day range of 44.13 to 45.07, while its 52-week range spans from 37.76 to 52.98.
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