MERCANTILE BANK CORP (MBWM) Stock Price, Financials & Summary

Price chart

Oct 6Oct 9Oct 14Oct 19Oct 22Oct 27Oct 30Nov 4

Key dataNov 4, 2026

Open$61.13

From 52W high−0.35%

Volume63349.00

Market cap$1.07B

P/E (TTM)11.0x

P/S (TTM)2.7x

Div yield2.52%

Key dataNov 4, 2026

Open

$61.13

From 52W high

−0.35%

Volume

63349.00

Market cap

$1.07B

ValuationView details →

P/E (Fwd)

10.8x

EV/EBITDA

0.1x

P/E (TTM)

11.0x

RSI (14)

61.2

MomentumView details →

1D Return

+2.58%

YTD Return

+28.57%

SummaryUpdated Sep 1, 2026

Mercantile Bank Corporation (NASDAQ:MBWM) is a regional bank holding company founded in 1997 and incorporated in Michigan. The company operates through its primary subsidiary, Mercantile Bank of Michigan, which has been serving small- to medium-sized businesses and individual customers since going public in 1999. Headquartered in Grand Rapids, Michigan, Mercantile operates 44 banking offices across the state and has established itself as a community-focused financial institution with approximately $6.1 billion in total assets as of 2024.

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ValuationView details →

P/E (Fwd)

10.8x

P/E (TTM)

11.0x

EV/EBITDA

0.1x

EV/Sales

0.0x

P/S (TTM)

2.7x

P/B (TTM)

1.4x

ProfitabilityView details →

Gross Margin

69.49%

Net Margin

24.46%

EBITDA Margin

29.78%

ROE (TTM)

12.84%

ROA (TTM)

1.33%

Asset Turnover

0.06x

GrowthView details →

Revenue YoY

+5.24%

EPS YoY

+6.25%

FCF YoY

+43.34%

Revenue CAGR 3Y

+20.23%

EPS CAGR 3Y

+12.35%

EBITDA YoY

+8.27%

MomentumView details →

1D Return

+2.58%

YTD Return

+28.57%

1Y Return

+36.03%

RSI (14)

61.2

vs 50D SMA

+3.40%

vs 200D SMA

+11.26%

Capital & dividendView details →

Debt/Equity

0.90x

Current Ratio

0.30x

Quick Ratio

0.30x

Div Yield

2.52%

Div Rate

$1.56

Div Growth 1Y

+5.63%

EarningsView details →

EPS (Actual)

$1.42

EPS Surprise

5.19%

Beats (12Q)

10/12

Next Q EPS Est

$1.36

Avg Surprise (4Q)

8.26%

Rev Surprise

3.34%

Financials snapshotView financials →

Revenue (TTM)

390.59M

Net Income (TTM)

95.53M

Op. CF (TTM)

96.29M

Next earningsJan 19, 2027 →

Latest newsMore news →

MERCANTILE BANK CORP reported quarterly earnings of $1.42 per share, compared with $1.46 per share a year earlier.15d ago

MERCANTILE BANK CORP reported third-quarter 2026 net income of $24.1 million, or $1.39 per diluted share, compared with $23.8 million, or $1.46 per diluted share, in the third quarter of 2025.15d ago

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Latest newsMore news →

MERCANTILE BANK CORP reported quarterly earnings of $1.42 per share, compared with $1.46 per share a year earlier.15d ago MERCANTILE BANK CORP reported third-quarter 2026 net income of $24.1 million, or $1.39 per diluted share, compared with $23.8 million, or $1.46 per diluted share, in the third quarter of 2025.15d ago MERCANTILE BANK CORP declared a regular quarterly cash dividend of $0.40 per common share, payable December 16, 2026, to shareholders of record December 4, 2026.15d ago