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MBWM Overview

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$
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0.000(0.000%)
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0.000(0.000%)Aft-market
ET
$
0.000
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0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
49.140
Open
48.920
VWAP
48.99
Vol
9.55K
Mkt Cap
862.78M
Low
48.920
Amount
468.13K
EV/EBITDA(TTM)
13.21
Total Shares
17.27M
EV
1.48B
EV/OCF(TTM)
11.47
P/S(TTM)
3.75
Mercantile Bank Corporation is the bank holding company for Mercantile Bank and Eastern Michigan Bank. Mercantile Bank and Eastern Michigan Bank provide financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Eastern Michigan Bank operates over 12 branches across three counties, offering a full range of personal and business banking services. Eastern Michigan Bank’s personal services include personal checking, personal savings, youth and young adults, CDs and IRAs, online and mobile banking, 24-hour telephone banking, debit cards, personal credit cards, additional services, and Zelle. Eastern Michigan Bank’s loans include vehicle and personal loans, home equity loans and lines, student loans (opens in a new window), business loans, and agricultural loans. Eastern Michigan Bank’s business services include business checking, business savings, business credit cards, and others.
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Events Timeline

(ET)
2026-01-20
05:40:00
Mercantile Reports Q4 Revenue of $62.1M, Beating Expectations
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2026-01-20
05:10:00
Mercantile Bank Declares $0.39 Dividend Per Share
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2025-12-16 (ET)
2025-12-16
18:30:00
Mercantile Bank and Eastern Michigan Financial Merger Approved by Federal Reserve
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2025-10-21 (ET)
2025-10-21
06:00:00
Mercantile Bank announces Q3 earnings per share of $1.46, surpassing consensus estimate of $1.38
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News

seekingalpha
9.5
01-20seekingalpha
Mercantile Bank (MBWM) Completes Eastern Michigan Bank Acquisition, Reports $22.8M Q4 Net Income
  • Acquisition Completed: Mercantile Bank successfully completed the acquisition of Eastern Michigan Bank on December 31, 2025, aiming to support the company's strategic objectives around deposit and loan growth, margin stability, and asset quality, which is expected to enhance its competitive position in the market.
  • Strong Financial Performance: The bank reported a net income of $22.8 million for Q4 2025, translating to $1.40 per diluted share, reflecting a 16.3% increase from $19.6 million and $1.22 per diluted share in Q4 2024, indicating sustained profitability.
  • Loan and Deposit Growth: Over the past five years, Mercantile Bank achieved a compounded annual deposit growth rate of 9.2% and a loan growth rate of 8.6%, with total loan commitments reaching $297 million and commitments for commercial and residential construction loans at $271 million by year-end 2025, both marking historical highs.
  • Optimistic Future Outlook: The company projects annualized loan growth of 5% to 7% for each quarter in 2026, driven by a robust commercial loan pipeline and disciplined expense management, although cost savings from the acquisition are not expected until 2027.
seekingalpha
8.0
01-20seekingalpha
Mercantile Bank (MBWM) Declares $0.39 Quarterly Dividend, 2.6% Increase
  • Dividend Increase: Mercantile Bank declares a quarterly dividend of $0.39 per share, marking a 2.6% increase from the previous $0.38, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
  • Earnings Beat: The bank reported a GAAP EPS of $1.40, exceeding market expectations by $0.03, indicating a strengthening profitability driven by effective cost control and revenue growth strategies.
  • Revenue Performance: Mercantile Bank achieved quarterly revenue of $62.1 million, surpassing expectations by $120,000, showcasing its ability to maintain robust revenue growth in a competitive market environment, which enhances investor confidence.
  • Dividend Payment Schedule: The dividend is payable on March 18, with a record date of March 6 and an ex-dividend date also on March 6, ensuring timely returns for shareholders and further enhancing the company's appeal among investors.
seekingalpha
9.5
01-20seekingalpha
Mercantile Bank (MBWM) Q4 EPS Surges to $1.40, Beating Estimates
  • Earnings Beat: Mercantile Bank reported a GAAP EPS of $1.40 for Q4 2025, exceeding estimates by $0.03, indicating a robust enhancement in profitability.
  • Significant Revenue Growth: The bank's total revenue reached $62.1 million, marking a 6.2% year-over-year increase and surpassing expectations by $120,000, reflecting successful revenue diversification efforts.
  • Net Interest Income Increase: The net interest income for the fourth quarter was $51.0 million, up $2.6 million or 5.5% from the same period in 2024, primarily driven by growth in earning assets and a slight increase in net interest margin.
  • Credit Loss Provision Shift: The bank recorded a negative provision for credit losses of $0.7 million in Q4 2025, compared to a positive provision of $1.5 million in Q4 2024, indicating an improvement in credit quality.
NASDAQ.COM
9.5
01-20NASDAQ.COM
Mercantile Bank (MBWM) Reports Q4 Earnings Growth to $22.84 Million
  • Earnings Growth: Mercantile Bank's Q4 earnings reached $22.84 million, translating to $1.40 per share, which marks a significant increase from last year's $19.62 million and $1.22 per share, indicating improved profitability.
  • Slight Revenue Decline: Despite the earnings growth, the bank's quarterly revenue fell by 0.3%, from $82.48 million last year to $82.25 million, reflecting potential pressure on income due to increased market competition.
  • Year-over-Year Comparison: The growth in both earnings and EPS compared to last year demonstrates the bank's robust operations and effective cost management in the current economic environment.
  • Market Outlook: Although revenue has declined, the increase in earnings may boost investor confidence, which is expected to have a positive impact on the company's future stock performance.
PRnewswire
8.0
01-20PRnewswire
Mercantile Bank Corporation Declares $0.39 Quarterly Cash Dividend, Yielding 3.1%
  • Dividend Increase: On January 15, 2026, Mercantile Bank announced a quarterly cash dividend of $0.39 per share, representing increases of 2.6% and 5.4% compared to Q4 and Q1 of 2025, demonstrating the company's commitment to enhancing shareholder value amid uncertain macroeconomic conditions.
  • Payment Schedule: The dividend will be paid on March 18, 2026, to shareholders of record as of March 6, 2026, ensuring timely cash returns to investors and bolstering their confidence in the company.
  • Financial Strength: Mercantile's asset quality and earnings performance remain robust, with management expressing confidence in maintaining the cash dividend program while providing sufficient capital support for anticipated asset growth, reflecting optimism about future operating results.
  • Market Position: As one of the largest banking organizations in Michigan, Mercantile Bank and its subsidiaries have combined assets of approximately $6.8 billion, further solidifying their competitive advantage in the local market through exceptional service and a knowledgeable team.
PRnewswire
9.5
01-20PRnewswire
Mercantile Bank Reports $88.8M Net Income for 2025, Acquires Eastern Michigan Financial Corporation
  • Net Income Growth: Mercantile Bank reported a net income of $88.8 million for 2025, translating to $5.47 per diluted share, reflecting an 11.5% increase from 2024, demonstrating solid financial performance amid uncertain macroeconomic conditions.
  • Interest Income Increase: The bank's net interest income reached $201 million in 2025, up 5.2% from 2024, primarily driven by growth in earning assets and a reduction in the cost of funds, showcasing effective asset-liability management strategies.
  • Acquisition Strategy: The completion of the acquisition of Eastern Michigan Financial Corporation on December 31, 2025, added $475 million in local deposits, reducing the loan-to-deposit ratio to 91%, thereby enhancing the bank's liquidity and competitive position in the market.
  • Strong Asset Quality: As of December 31, 2025, nonperforming assets totaled $7.9 million, or 0.1% of total assets, indicating robust credit management practices, as the bank maintained low levels of nonperforming loans despite economic challenges.
Wall Street analysts forecast MBWM stock price to rise
3 Analyst Rating
Wall Street analysts forecast MBWM stock price to rise
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
54.00
Averages
55.17
High
56.00
Current: 0.000
sliders
Low
54.00
Averages
55.17
High
56.00
Piper Sandler
Neutral
maintain
$57
AI Analysis
2026-01-21
Reason
Piper Sandler
Price Target
$57
AI Analysis
2026-01-21
maintain
Neutral
Reason
Piper Sandler raised the firm's price target on Mercantile Bank to $57 from $55.50 and keeps a Neutral rating on the shares. While results in Q4 were mixed with a 4% pre-provision net revenue shortfall on greater net interest margin compression and continued elevated payoffs, the firm believes Mercantile Bank's superior profitability outlook remains intact following the close of its Eastern Michigan Financial acquisition on December 31. The addition of Eastern Michigan Financial's enviable low-cost deposit franchise and excess liquidity should support net interest margin expansion this year and continued strong profitability metrics, Piper adds.
Keefe Bruyette
Outperform
maintain
$56 -> $57
2026-01-21
Reason
Keefe Bruyette
Price Target
$56 -> $57
2026-01-21
maintain
Outperform
Reason
Keefe Bruyette raised the firm's price target on Mercantile Bank to $57 from $56 and keeps an Outperform rating on the shares. The majority of cost savings are not expected to be realized until early 2027 when Mercantile and Eastern Michigan Financial combine operating platforms, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for MBWM
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Valuation Metrics

The current forward P/E ratio for Mercantile Bank Corp (MBWM.O) is 8.82, compared to its 5-year average forward P/E of 8.81. For a more detailed relative valuation and DCF analysis to assess Mercantile Bank Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
8.81
Current PE
8.82
Overvalued PE
10.24
Undervalued PE
7.39

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.81
Current PS
2.90
Overvalued PS
3.16
Undervalued PS
2.47

Financials

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Whales Holding MBWM

N
North Star Asset Management, Inc
Holding
MBWM
-2.66%
3M Return

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Frequently Asked Questions

What is Mercantile Bank Corp (MBWM) stock price today?

The current price of MBWM is 48.92 USD — it has decreased -2.06

What is Mercantile Bank Corp (MBWM)'s business?

Mercantile Bank Corporation is the bank holding company for Mercantile Bank and Eastern Michigan Bank. Mercantile Bank and Eastern Michigan Bank provide financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Eastern Michigan Bank operates over 12 branches across three counties, offering a full range of personal and business banking services. Eastern Michigan Bank’s personal services include personal checking, personal savings, youth and young adults, CDs and IRAs, online and mobile banking, 24-hour telephone banking, debit cards, personal credit cards, additional services, and Zelle. Eastern Michigan Bank’s loans include vehicle and personal loans, home equity loans and lines, student loans (opens in a new window), business loans, and agricultural loans. Eastern Michigan Bank’s business services include business checking, business savings, business credit cards, and others.

What is the price predicton of MBWM Stock?

Wall Street analysts forecast MBWM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MBWM is55.17 USD with a low forecast of 54.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Mercantile Bank Corp (MBWM)'s revenue for the last quarter?

Mercantile Bank Corp revenue for the last quarter amounts to 54.94M USD, increased 4.88

What is Mercantile Bank Corp (MBWM)'s earnings per share (EPS) for the last quarter?

Mercantile Bank Corp. EPS for the last quarter amounts to 1.40 USD, increased 14.75

How many employees does Mercantile Bank Corp (MBWM). have?

Mercantile Bank Corp (MBWM) has 744 emplpoyees as of March 12 2026.

What is Mercantile Bank Corp (MBWM) market cap?

Today MBWM has the market capitalization of 862.78M USD.