MERCANTILE BANK CORP
MBWMNASDAQTrading Snapshot
- Day Range
- $58.12 β $59.23
- 52-Week Range
- $42.75 β $62.95
- Volume
- $2.77B
- Avg Volume
- $2.69B
- Shares Outstanding
- 17.3M
- Next Earnings
- Nov 11, 2026
Fundamentals Snapshot
- Annual Revenue
- $372M
- Last Q Revenue
- $98M
- P/E Ratio
- 10.3
- P/S Ratio
- 2.6x
- EPS (TTM)
- $5.52
- Dividend Yield
- 2.67%
- Dilution (1yr)
- +0.7%
Why Investors Own MBWM
- βHigh-growth profile β revenue up +26.4% YoY with expanding US Equity exposure.
- βHealthy economics β 70% gross margin and 18% free-cash-flow margin.
- βNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
MERCANTILE BANK CORP
MBWMAbout MERCANTILE BANK CORP
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 funding 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.
Otter Score Breakdown
How it's scoredFive components, each rated 1β5β and equally weighted (20%), averaged to a 0β100 score:π Quality β gross marginπ Growth β revenue YoYβοΈ Valuation β P/S ratioβ‘ Momentum β 30-day price changeπ§ Dilution β 1-yr share issuance (buybacks score higher)Analyst Price Target
βLatest News & Updates

Mercantile Bank (MBWM) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Mercantile Bank (MBWM) have what it takes?

Mercantile Bank (NASDAQ:MBWM) Hits New 1-Year High β Still a Buy?
Mercantile Bank Corporation (NASDAQ: MBWM - Get Free Report)'s share price hit a new 52-week high on Thursday. The company traded as high as $62.95 and last traded at $60.55, with a volume of 202294 shares. The stock had

Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript
Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript

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
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

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.