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MBWM Overview

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

Loading chart...

High
51.702
Open
50.930
VWAP
51.37
Vol
27.57K
Mkt Cap
872.28M
Low
50.930
Amount
1.42M
EV/EBITDA(TTM)
13.30
Total Shares
17.27M
EV
1.49B
EV/OCF(TTM)
11.55
P/S(TTM)
3.79
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
select

News

Newsfilter
9.5
03-31Newsfilter
PinnedMercantile Bank to Host Q1 2026 Earnings Call on April 21
  • Earnings Call Schedule: Mercantile Bank will host a conference call on April 21, 2026, at 10 a.m. ET to discuss its Q1 2026 financial results, with the earnings release available before market open, ensuring timely access to critical information for investors.
  • Live Webcast Access: Investors can access the live conference call through Mercantile Bank's website, enhancing transparency and fostering interaction with investors, which boosts the company's credibility in the market.
  • Company Background: Headquartered in Grand Rapids, Michigan, Mercantile Bank Corporation, with combined assets of approximately $6.8 billion, is committed to providing professional financial services to businesses, individuals, and governmental units, highlighting its market position in Michigan.
  • Social Media Engagement: Mercantile Bank actively engages with customers through social media platforms like Facebook, Instagram, and LinkedIn, enhancing brand influence and customer participation, reflecting its commitment to community service.
PRnewswire
9.5
03-31PRnewswire
Mercantile Bank to Host Q1 2026 Earnings Call on April 21
  • Earnings Call Schedule: Mercantile Bank will host a conference call at 10 a.m. ET on April 21, 2026, to discuss its Q1 2026 financial results, with the earnings release expected before market open, highlighting the company's commitment to transparency and investor communication.
  • Investor Relations Website: The earnings report will be available in the 'Investor Relations' section of the company's website, indicating Mercantile's dedication to providing accessible information to investors, thereby enhancing investor confidence.
  • Audio Archive Availability: An audio archive of the call will be accessible on the Mercantile Investor Relations website post-call, ensuring that investors who cannot attend can still access key information, further improving information accessibility.
  • Company Background: Based in Grand Rapids, Michigan, Mercantile Bank Corporation, with total assets of approximately $6.8 billion, serves as a bank holding company, reflecting its significant market presence and commitment to the communities it serves.
moomoo
4.0
03-25moomoo
MERCANTILE BANK CORP: STEPHENS BEGINS COVERAGE WITH EQUAL WEIGHT RATING AND TARGET PRICE OF $54
  • Company Overview: Mercantile Bank Corp is highlighted in a recent report by Stephens, indicating its financial performance and market position.
  • Investment Rating: The report assigns a coverage rating with an equal weight, suggesting a balanced outlook on the stock's potential.
  • Target Price: The target price for Mercantile Bank Corp's stock is set at $54, providing a benchmark for investors.
  • Market Implications: The analysis may influence investor decisions and market perceptions regarding the bank's future growth and stability.
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.
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
Stephens
Equal Weight
initiated
$54
AI Analysis
2026-03-24
Reason
Stephens
Price Target
$54
AI Analysis
2026-03-24
initiated
Equal Weight
Reason
Stephens initiated coverage of Mercantile Bank with an Equal Weight rating and $54 price target. Over the next year, the firm believes Mercantile will be \"on a pathway\" to show net interest margin expansion via lower deposit costs, mid- to high-single-digit loan growth and new markets, the analyst tells investors. Mercantile is a \"high-quality, growth-oriented small-cap bank with a pathway to + $6.00 in annualized EPS by mid-2027,\" but shares are relatively near fair value, the analyst added.
Piper Sandler
Neutral
maintain
$57
2026-01-21
Reason
Piper Sandler
Price Target
$57
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.
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 10.87, compared to its 5-year average forward P/E of 8.92. 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
8.92
Current PE
10.87
Overvalued PE
10.40
Undervalued PE
7.44

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
0.90
Current EV/EBITDA
18.17
Overvalued EV/EBITDA
4.85
Undervalued EV/EBITDA
-3.06

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
2.82
Current PS
2.95
Overvalued PS
3.16
Undervalued PS
2.48

Financials

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Whales Holding MBWM

N
North Star Asset Management, Inc
Holding
MBWM
-7.58%
3M Return

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Frequently Asked Questions

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

The current price of MBWM is 51.49 USD — it has increased 1.96

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 April 01 2026.

What is Mercantile Bank Corp (MBWM) market cap?

Today MBWM has the market capitalization of 872.28M USD.