MERCANTILE BANK CORP
MBWMNASDAQTrading Snapshot
- Day Range
- $58.16 β $59.27
- 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 CORP tops quarterly estimates as demand accelerates
Revenue grew double digits with management guiding above consensus; margins continued to expand.
Analysts lift MBWM price targets on improving margins
Several firms raised targets, citing stronger free cash flow and a healthier backlog.
MERCANTILE BANK CORP announces new agreement to expand its footprint
The move broadens the companyβs reach and could add incremental revenue over the next year.