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Mercantile Bank Corporation

$61.74 +$14.13 (+29.68%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$61.3
Day Range
$61.03$62.19
Year Range
$42.75$62.42
Market Cap
1.07B
AVG Volume
126.64K
Trailing/Forward PE
10.87/10.67
PEG ratio
2.17
Dividend Yield
2.53%
Next Earnings Date
2026-10-20
Primary Exchange
NASDAQUS
Revenue (USD)
0100M200M300M400M2016201720182019202020212022202320242025
MBWM Revenue (USD) by year
PeriodRevenue (USD)
2025371.8M
2024361.89M
2023303.5M
2022213.94M
2021198.66M
2020193.49M
2019185.29M
2018160.99M
2017144.54M
2016139.5M
Net Income (USD)
025M50M75M100M2016201720182019202020212022202320242025
MBWM Net Income (USD) by year
PeriodNet Income (USD)
202588.75M
202479.59M
202382.22M
202261.06M
202159.02M
202044.14M
201949.46M
201842.02M
201731.27M
201631.91M
Operating Income (USD)
050M100M150M2016201720182019202020212022202320242025
MBWM Operating Income (USD) by year
PeriodOperating Income (USD)
2025102.09M
202498.28M
2023102.7M
202275.79M
202173.72M
202054.85M
201960.46M
201851.82M
201746.08M
201646.89M
EBITDA (USD)
050M100M150M2016201720182019202020212022202320242025
MBWM EBITDA (USD) by year
PeriodEBITDA (USD)
2025107.89M
2024108.79M
2023114.19M
202288.73M
202187.39M
202064.28M
201970.01M
201861.59M
201756.44M
201656.46M
Cash Flows (USD)
050M100M150M2016201720182019202020212022202320242025
MBWM Cash Flows (USD) by year
PeriodCash Flows (USD)
202511.21M
202492.59M
202359.93M
2022116.84M
202158.97M
202028.89M
201931.28M
201855.42M
201733.24M
201632.58M
EPS (USD)
02462016201720182019202020212022202320242025
MBWM EPS (USD) by year
PeriodEPS (USD)
20255.46
20244.95
20235.13
20223.85
20213.68
20202.72
20193.01
20182.54
20171.9
20161.95
Expenses (USD)
025M50M75M100MSG&ACapex2016201720182019202020212022202320242025
MBWM Expenses (USD) by year
PeriodExpenses (USD)
202588.81M
202490.56M
202379.31M
202261.62M
202186.15M
202081.66M
201978.22M
201868.36M
201760.9M
201656.31M
Cash & Debt (USD)
0500M1B1.5B2BCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
MBWM Cash & Debt (USD) by year
PeriodCash & Debt (USD)
20251.58B
20241.12B
2023747.62M
2022699.71M
20211.57B
20201.01B
2019568.39M
2018412.72M
2017535.85M
2016511.66M
Debt ratios
-4-3-2-10120182019202020212022202320242025
MBWM Debt ratios by year
PeriodDebt ratios
2025-1.79
2024-1.19
20230.26
2022-0.19
2021-3.09
2020-1.8
2019-0.27
20180.39
Margins
0%25%50%75%100%2016201720182019202020212022202320242025
MBWM Margins by year
PeriodMargins
202564.03%
202461.92%
202371.82%
202285.91%
202192.38%
202079.27%
201980.81%
201885.71%
201787.03%
201688.89%
Return on Capital
0%5%10%15%20%2016201720182019202020212022202320242025
MBWM Return on Capital by year
PeriodReturn on Capital
202512.24%
202413.62%
202315.75%
202213.83%
202112.93%
202010%
201911.87%
201811.2%
20178.55%
20169.36%
Shares Outstanding
05M10M15M20M2016201720182019202020212022202320242025
MBWM Shares Outstanding by year
PeriodShares Outstanding
202516.26M
202416.14M
202316.04M
202215.89M
202115.7M
202016.28M
201916.37M
201816.59M
201716.53M
201616.35M
Dividends (USD)
00.511.522017201820192020202120222023202420252026
MBWM Dividends (USD) by year
PeriodDividends (USD)
20261.18
20251.5
20241.42
20231.34
20221.26
20211.18
20201.12
20191.06
20181.68
20170.74
Employee Count
02004006008002016201720182019202020212022202320242025
MBWM Employee Count by year
PeriodEmployee Count
2025744
2024648
2023631
2022601
2021585
2020577
2019570
2018585
2017584
2016552
Book Value Per Share (USD)
02040602016201720182019202020212022202320242025
MBWM Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
202544.57
202436.21
202332.54
202227.78
202129.09
202027.12
201925.44
201822.61
201722.14
201620.84
Total Assets (USD)
02B4B6B8B2016201720182019202020212022202320242025
MBWM Total Assets (USD) by year
PeriodTotal Assets (USD)
20256.84B
20246.05B
20235.36B
20224.87B
20215.26B
20204.44B
20193.63B
20183.36B
20173.29B
20163.08B
PE Ratio
789101112med 9.48Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
MBWM PE Ratio by year
PeriodPE Ratio
Sep 2611.19
Sep 2611.26
Aug 2610.91
Aug 2610.8
Aug 2611.16
Aug 2611
Jul 2610.89
Jul 2610.97
Jul 2610.84
Jul 2610.69
Jul 2610.84
Jun 2610.71
Jun 2610.08
Jun 2610.35
Jun 269.89
May 269.94
May 269.79
May 269.35
May 269.77
May 269.75
Apr 269.49
Apr 269.84
Apr 269.8
Apr 269.43
Mar 269.04
Mar 268.91
Mar 269.15
Mar 269.22
Feb 269.47
Feb 2610.27
Feb 2610.23
Feb 2610.38
Jan 269.86
Jan 269.7
Jan 269.53
Jan 269.29
Jan 269.03
Dec 259.24
Dec 259.39
Dec 259.4
Dec 258.83
Nov 258.72
Nov 258.68
Nov 258.63
Nov 258.56
Oct 258.32
Oct 259.08
Oct 258.69
Oct 258.8
Oct 258.94
Sep 259.13
Sep 259.36
Sep 259.51
Sep 259.7
Aug 259.81
Aug 259.86
Aug 259.22
Aug 258.87
Aug 258.85
Jul 259.96
Jul 2510.14
Jul 2510.12
Jul 2510.4
Jun 259.68
Jun 259.16
Jun 259.09
Jun 259.29
May 259.22
May 259.12
May 259.57
May 259.14
May 259.11
Apr 258.49
Apr 258.25
Apr 257.81
Apr 258
Mar 258.93
Mar 258.97
Mar 259.07
Mar 259.24
Feb 259.73
Feb 259.61
Feb 259.81
Feb 2510.02
Jan 259.85
Jan 259.93
Jan 258.92
Jan 258.41
Jan 258.91
Dec 249.04
Dec 249.16
Dec 249.92
Dec 2410.19
Nov 2410.1
Nov 2410.17
Nov 249.91
Nov 249.78
Nov 248.72
Oct 248.46
Oct 249.01
Free Cash Flow Yield
0%5%10%15%med 4.8%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
MBWM Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 266.4%
Sep 266.36%
Aug 266.56%
Aug 266.63%
Aug 266.42%
Aug 266.51%
Jul 266.58%
Jul 264.27%
Jul 264.33%
Jul 264.38%
Jul 264.32%
Jun 264.38%
Jun 264.65%
Jun 264.53%
Jun 264.74%
May 264.72%
May 264.79%
May 265.01%
May 264.8%
May 264.81%
Apr 264.94%
Apr 261.28%
Apr 261.29%
Apr 261.34%
Mar 261.4%
Mar 261.42%
Mar 261.38%
Mar 261.37%
Feb 261.33%
Feb 267.41%
Feb 267.43%
Feb 267.33%
Jan 267.71%
Jan 267.84%
Jan 267.98%
Jan 268.19%
Jan 268.42%
Dec 258.23%
Dec 258.1%
Dec 258.09%
Dec 258.61%
Nov 258.72%
Nov 258.76%
Nov 258.81%
Nov 258.88%
Oct 259.14%
Oct 254.18%
Oct 254.37%
Oct 254.31%
Oct 254.24%
Sep 254.16%
Sep 254.05%
Sep 253.99%
Sep 253.91%
Aug 253.87%
Aug 253.85%
Aug 254.11%
Aug 254.28%
Aug 254.29%
Jul 256.38%
Jul 256.26%
Jul 256.28%
Jul 256.11%
Jun 256.57%
Jun 256.94%
Jun 256.99%
Jun 256.84%
May 256.89%
May 256.97%
May 256.64%
May 256.96%
May 256.98%
Apr 2513.71%
Apr 2514.1%
Apr 2514.89%
Apr 2514.54%
Mar 2513.03%
Mar 2512.96%
Mar 2512.83%
Mar 2512.59%
Feb 253.27%
Feb 253.31%
Feb 253.25%
Feb 253.18%
Jan 253.23%
Jan 253.21%
Jan 253.57%
Jan 253.79%
Jan 253.57%
Dec 243.52%
Dec 243.47%
Dec 243.21%
Dec 243.13%
Nov 243.15%
Nov 243.13%
Nov 243.22%
Nov 243.26%
Nov 243.65%
Oct 2410.79%
Oct 2410.13%
Price to Sales
1.522.53med 2.17Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
MBWM Price to Sales by year
PeriodPrice to Sales
Sep 262.77
Sep 262.79
Aug 262.71
Aug 262.68
Aug 262.77
Aug 262.73
Jul 262.7
Jul 262.66
Jul 262.63
Jul 262.59
Jul 262.63
Jun 262.59
Jun 262.44
Jun 262.51
Jun 262.4
May 262.41
May 262.37
May 262.27
May 262.37
May 262.36
Apr 262.3
Apr 262.35
Apr 262.34
Apr 262.25
Mar 262.16
Mar 262.13
Mar 262.18
Mar 262.2
Feb 262.26
Feb 262.37
Feb 262.36
Feb 262.39
Jan 262.27
Jan 262.24
Jan 262.2
Jan 262.14
Jan 262.08
Dec 252.13
Dec 252.16
Dec 252.17
Dec 252.04
Nov 252.01
Nov 252
Nov 251.99
Nov 251.97
Oct 251.92
Oct 252.01
Oct 251.92
Oct 251.94
Oct 251.98
Sep 252.02
Sep 252.07
Sep 252.1
Sep 252.14
Aug 252.17
Aug 252.18
Aug 252.04
Aug 251.96
Aug 251.96
Jul 252.13
Jul 252.17
Jul 252.16
Jul 252.22
Jun 252.07
Jun 251.96
Jun 251.94
Jun 251.98
May 251.97
May 251.95
May 252.04
May 251.95
May 251.95
Apr 251.87
Apr 251.81
Apr 251.72
Apr 251.76
Mar 251.96
Mar 251.97
Mar 251.99
Mar 252.03
Feb 252.21
Feb 252.19
Feb 252.23
Feb 252.28
Jan 252.24
Jan 252.26
Jan 252.03
Jan 251.91
Jan 252.03
Dec 242.06
Dec 242.09
Dec 242.26
Dec 242.32
Nov 242.3
Nov 242.31
Nov 242.26
Nov 242.23
Nov 241.98
Oct 242.03
Oct 242.16
EV/EBITDA
02468med 4.55Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
MBWM EV/EBITDA by year
PeriodEV/EBITDA
Sep 264.78
Sep 264.84
Aug 264.55
Aug 264.47
Aug 264.75
Aug 264.63
Jul 264.54
Jul 262.15
Jul 262.04
Jul 261.92
Jul 262.05
Jun 261.93
Jun 261.42
Jun 261.64
Jun 261.26
May 261.3
May 261.18
May 260.82
May 261.16
May 261.14
Apr 260.93
Apr 261.14
Apr 261.12
Apr 260.81
Mar 260.49
Mar 260.38
Mar 260.58
Mar 260.64
Feb 260.84
Feb 265.1
Feb 265.07
Feb 265.19
Jan 264.78
Jan 264.65
Jan 264.51
Jan 264.32
Jan 264.12
Dec 254.28
Dec 254.4
Dec 254.41
Dec 253.96
Nov 253.87
Nov 253.84
Nov 253.8
Nov 253.74
Oct 253.55
Oct 255.77
Oct 255.47
Oct 255.55
Oct 255.67
Sep 255.81
Sep 255.99
Sep 256.1
Sep 256.25
Aug 256.34
Aug 256.37
Aug 255.88
Aug 255.61
Aug 255.6
Jul 255.75
Jul 255.88
Jul 255.86
Jul 256.07
Jun 255.54
Jun 255.15
Jun 255.1
Jun 255.25
May 255.2
May 255.13
May 255.46
May 255.14
May 255.12
Apr 251.84
Apr 251.67
Apr 251.35
Apr 251.49
Mar 252.17
Mar 252.2
Mar 252.27
Mar 252.39
Feb 254.71
Feb 254.63
Feb 254.78
Feb 254.93
Jan 254.8
Jan 254.86
Jan 254.13
Jan 253.77
Jan 254.13
Dec 244.22
Dec 244.31
Dec 244.85
Dec 245.05
Nov 244.98
Nov 245.03
Nov 244.84
Nov 244.75
Nov 243.99
Oct 245.59
Oct 245.98
Price/Operating Cashflow
0204060med 17.53Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
MBWM Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 2614.73
Sep 2614.83
Aug 2614.37
Aug 2614.22
Aug 2614.69
Aug 2614.48
Jul 2614.33
Jul 2620.47
Jul 2620.23
Jul 2619.95
Jul 2620.23
Jun 2619.98
Jun 2618.81
Jun 2619.32
Jun 2618.46
May 2618.54
May 2618.27
May 2617.45
May 2618.24
May 2618.18
Apr 2617.71
Apr 2648.58
Apr 2648.41
Apr 2646.57
Mar 2644.64
Mar 2644.01
Mar 2645.17
Mar 2645.54
Feb 2646.75
Feb 2612.17
Feb 2612.12
Feb 2612.3
Jan 2611.69
Jan 2611.49
Jan 2611.3
Jan 2611
Jan 2610.7
Dec 2510.95
Dec 2511.13
Dec 2511.14
Dec 2510.47
Nov 2510.34
Nov 2510.29
Nov 2510.23
Nov 2510.15
Oct 259.86
Oct 2518.03
Oct 2517.25
Oct 2517.47
Oct 2517.76
Sep 2518.12
Sep 2518.6
Sep 2518.88
Sep 2519.26
Aug 2519.49
Aug 2519.59
Aug 2518.32
Aug 2517.62
Aug 2517.59
Jul 2513.35
Jul 2513.59
Jul 2513.55
Jul 2513.93
Jun 2512.96
Jun 2512.27
Jun 2512.17
Jun 2512.44
May 2512.35
May 2512.22
May 2512.81
May 2512.24
May 2512.2
Apr 256.68
Apr 256.49
Apr 256.15
Apr 256.3
Mar 257.03
Mar 257.06
Mar 257.14
Mar 257.28
Feb 2522.91
Feb 2522.64
Feb 2523.11
Feb 2523.61
Jan 2523.19
Jan 2523.38
Jan 2521.01
Jan 2519.81
Jan 2520.98
Dec 2421.28
Dec 2421.59
Dec 2423.36
Dec 2424
Nov 2423.78
Nov 2423.94
Nov 2423.33
Nov 2423.03
Nov 2420.53
Oct 248.76
Oct 249.33
Price to Book
11.11.21.31.41.5med 1.22Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
MBWM Price to Book by year
PeriodPrice to Book
Sep 261.41
Sep 261.42
Aug 261.38
Aug 261.36
Aug 261.41
Aug 261.39
Jul 261.37
Jul 261.37
Jul 261.35
Jul 261.33
Jul 261.35
Jun 261.34
Jun 261.26
Jun 261.29
Jun 261.23
May 261.24
May 261.22
May 261.17
May 261.22
May 261.22
Apr 261.18
Apr 261.2
Apr 261.2
Apr 261.15
Mar 261.11
Mar 261.09
Mar 261.12
Mar 261.13
Feb 261.16
Feb 261.34
Feb 261.33
Feb 261.35
Jan 261.28
Jan 261.26
Jan 261.24
Jan 261.21
Jan 261.17
Dec 251.2
Dec 251.22
Dec 251.22
Dec 251.15
Nov 251.13
Nov 251.13
Nov 251.12
Nov 251.11
Oct 251.08
Oct 251.17
Oct 251.12
Oct 251.13
Oct 251.15
Sep 251.18
Sep 251.21
Sep 251.23
Sep 251.25
Aug 251.26
Aug 251.27
Aug 251.19
Aug 251.14
Aug 251.14
Jul 251.27
Jul 251.29
Jul 251.29
Jul 251.33
Jun 251.23
Jun 251.17
Jun 251.16
Jun 251.18
May 251.18
May 251.16
May 251.22
May 251.17
May 251.16
Apr 251.16
Apr 251.12
Apr 251.06
Apr 251.09
Mar 251.22
Mar 251.22
Mar 251.23
Mar 251.26
Feb 251.33
Feb 251.32
Feb 251.35
Feb 251.37
Jan 251.35
Jan 251.36
Jan 251.22
Jan 251.15
Jan 251.22
Dec 241.24
Dec 241.26
Dec 241.36
Dec 241.4
Nov 241.38
Nov 241.39
Nov 241.36
Nov 241.34
Nov 241.2
Oct 241.25
Oct 241.33
Mercantile Bank Corporation
MBWM
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News: MBWM

Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript

seekingalpha.com · 21 Jul 2026

Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript

Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript

Mercantile Bank Q2 Earnings Call Highlights

marketbeat.com · 21 Jul 2026

Mercantile Bank Q2 Earnings Call Highlights

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

zacks.com · 21 Jul 2026

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

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

zacks.com · 21 Jul 2026

Mercantile Bank (MBWM) Surpasses Q2 Earnings Estimates

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

prnewswire.com · 21 Jul 2026

Mercantile Bank Corporation Announces Strong Second Quarter 2026 Results

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

prnewswire.com · 21 Jul 2026

Mercantile Bank Corporation Increases Regular Cash Dividend

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

zacks.com · 14 Jul 2026

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

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

prnewswire.com · 30 Jun 2026

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

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

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