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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)
025M50M75M100M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q298.19M
26 Q196.51M
25 Q493.31M
25 Q396.03M
25 Q293.42M
25 Q189.04M
24 Q492.66M
24 Q393.08M
24 Q288.56M
24 Q187.59M
Net Income (USD)
010M20M30M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q225.93M
26 Q122.68M
25 Q422.84M
25 Q323.76M
25 Q222.62M
25 Q119.54M
24 Q419.63M
24 Q319.62M
24 Q218.79M
24 Q121.56M
Operating Income (USD)
010M20M30M40M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q231.18M
26 Q127.28M
25 Q424.64M
25 Q327.44M
25 Q225.96M
25 Q124.05M
24 Q423.23M
24 Q324.56M
24 Q223.52M
24 Q126.98M
EBITDA (USD)
010M20M30M40M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q232.88M
26 Q128.98M
25 Q426.03M
25 Q328.78M
25 Q227.38M
25 Q125.69M
24 Q425.59M
24 Q327.22M
24 Q226.22M
24 Q129.76M
Cash Flows (USD)
-20M020M40M60M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q214.94M
26 Q127.37M
25 Q45.42M
25 Q320.47M
25 Q2-10.17M
25 Q1-4.51M
24 Q459.27M
24 Q3-13.7M
24 Q28.24M
24 Q138.78M
EPS (USD)
00.511.524 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM EPS (USD) by quarter
PeriodEPS (USD)
26 Q21.5
26 Q11.32
25 Q41.4
25 Q31.46
25 Q21.39
25 Q11.21
24 Q41.22
24 Q31.22
24 Q21.17
24 Q11.34
Expenses (USD)
010M20M30M40MSG&ACapex24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Expenses (USD) by quarter
PeriodExpenses (USD)
26 Q239.7M
26 Q128M
25 Q422.06M
25 Q323.73M
25 Q221.92M
25 Q121.09M
24 Q426.17M
24 Q325.9M
24 Q218.78M
24 Q119.7M
Cash & Debt (USD)
0500M1B1.5B2BCashLong Term DebtShort Term Debt24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q21.2B
26 Q11.47B
25 Q41.58B
25 Q31.07B
25 Q2867.19M
25 Q1918.94M
24 Q41.12B
24 Q31.03B
24 Q2845.54M
24 Q1846.38M
Debt ratios
-8-6-4-2024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Debt ratios by quarter
PeriodDebt ratios
26 Q2-4.35
26 Q1-6.92
25 Q4-6.95
25 Q3-3.08
25 Q2-1.21
25 Q1-1.63
24 Q4-4.37
24 Q3-2.29
24 Q2-0.51
24 Q1-0.28
Margins
0%20%40%60%80%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Margins by quarter
PeriodMargins
26 Q270.02%
26 Q171.27%
25 Q465.77%
25 Q364.76%
25 Q263.52%
25 Q161.94%
24 Q461.55%
24 Q361.09%
24 Q260.13%
24 Q164.99%
Return on Capital
0%2%4%6%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Return on Capital by quarter
PeriodReturn on Capital
26 Q23.43%
26 Q13.08%
25 Q43.15%
25 Q33.61%
25 Q23.58%
25 Q13.21%
24 Q43.36%
24 Q33.36%
24 Q23.41%
24 Q14.02%
Shares Outstanding
05M10M15M20M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Shares Outstanding by quarter
PeriodShares Outstanding
26 Q217.26M
26 Q117.24M
25 Q416.26M
25 Q316.23M
25 Q216.22M
25 Q116.2M
24 Q416.14M
24 Q316.14M
24 Q216.12M
24 Q116.12M
Dividends (USD)
00.10.20.30.4Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
MBWM Dividends (USD) by quarter
PeriodDividends (USD)
Sep 260.4
Jun 260.39
Mar 260.39
Dec 250.38
Sep 250.38
Jun 250.37
Mar 250.37
Dec 240.36
Sep 240.36
Jun 240.35
Employee Count
02004006008002016201720182019202020212022202320242025
MBWM Employee Count by quarter
PeriodEmployee Count
2025744
2024648
2023631
2022601
2021585
2020577
2019570
2018585
2017584
2016552
Book Value Per Share (USD)
020406024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q243.76
26 Q142.75
25 Q444.57
25 Q340.52
25 Q238.94
25 Q137.56
24 Q436.21
24 Q336.15
24 Q234.18
24 Q133.29
Total Assets (USD)
02B4B6B8B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
MBWM Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q26.82B
26 Q16.95B
25 Q46.84B
25 Q36.31B
25 Q26.18B
25 Q16.14B
24 Q46.05B
24 Q35.92B
24 Q25.6B
24 Q15.47B
PE Ratio
789101112med 9.48Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
MBWM PE Ratio by quarter
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 quarter
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 quarter
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 quarter
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 quarter
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 quarter
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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