MBWM logo

MERCANTILE BANK CORP

MBWMNASDAQ
πŸ† #2460 by market capEarnings Oct 20US Equity
$58.89β–Ό $0.49 (βˆ’0.83%)
πŸŒ™ After hours$58.89β–² 0.00%Regular close Β· extended-hours price shown
πŸ””
Track MBWM
Get earnings, price moves & breaking news on Telegram
Track
24hβ–Ό 0.8%
7dβ–² 0.3%
14dβ–Ό 2.9%
30dβ–Ό 1.6%
ytdβ–² 22.4%
1yβ–² 31.6%
🏦Market Cap
$1.02B
Small Cap
πŸ“ˆRevenue Growth (YoY)
+2.7%
Slowing
πŸ“ŠGross Margin
68.0%
High
πŸ’΅FCF Margin
17.8%
Healthy
βš–οΈP/S Ratio
2.6x
Cheap
Otter Score
84
Good

Trading Snapshot

Day Range
$58.12 – $59.23
52-Week Range
$42.75 – $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

  • βœ“High-growth profile β€” revenue up +26.4% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 70% gross margin and 18% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

MBWM logo

MERCANTILE BANK CORP

MBWM
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$372Mβ–² +2.7% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
64.0%β–² +3.4% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
$102Mβ–² +3.9% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
$11Mβ–Ό βˆ’87.9% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
16.3Mβ–² +0.7% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
βˆ’$353Mβ–Ό βˆ’$97M YoY
StockOtter Β· stockotter.space

About 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 1–5β˜… and equally weighted (20%), averaged to a 0–100 score:πŸ’Ž Quality β€” gross marginπŸš€ Growth β€” revenue YoYβš–οΈ Valuation β€” P/S ratio⚑ Momentum β€” 30-day price changeπŸ’§ Dilution β€” 1-yr share issuance (buybacks score higher)
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
πŸ’§Dilutionβ˜…β˜…β˜…β˜…β˜…
Overall Score
Good
84/100

Analyst Price Target

β“˜
Average Target
$70.93
β–² +20.4% Upside
High Target$84.60
Low Target$61.05
Based on 23 analysts

Latest News & Updates

Zacks Investment ResearchΒ·8d ago

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?

Defense WorldΒ·12d ago

Mercantile Bank (NASDAQ:MBWM) Hits New 1-Year High – 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

Seeking AlphaΒ·Jul 21

Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript

Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript

MarketBeatΒ·Jul 21

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.

Zacks Investment ResearchΒ·Jul 21

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

Zacks Investment ResearchΒ·Jul 21

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.