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

Price chart

Sep 18Sep 23Sep 28Oct 1Oct 6Oct 9Oct 14Oct 19

Key dataOct 19, 2026

Open$58.65

From 52W high−5.99%

Volume123216.00

Market cap$1.01B

P/E (TTM)10.3x

P/S (TTM)2.6x

Div yield2.67%

Key dataOct 19, 2026

Open

$58.65

From 52W high

−5.99%

Volume

123216.00

Market cap

$1.01B

ValuationView details →

P/E (Fwd)

10.4x

EV/EBITDA

4.3x

P/E (TTM)

10.3x

RSI (14)

46.1

MomentumView details →

1D Return

−0.32%

YTD Return

+21.60%

SummaryUpdated Jun 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)

10.4x

P/E (TTM)

10.3x

EV/EBITDA

4.3x

EV/Sales

1.3x

P/S (TTM)

2.6x

P/B (TTM)

1.3x

ProfitabilityView details →

Gross Margin

67.99%

Net Margin

24.79%

EBITDA Margin

30.25%

ROE (TTM)

12.61%

ROA (TTM)

1.40%

Asset Turnover

0.06x

GrowthView details →

Revenue YoY

+4.31%

EPS YoY

+12.70%

FCF YoY

+120.78%

Revenue CAGR 3Y

+20.23%

EPS CAGR 3Y

+12.35%

EBITDA YoY

+9.71%

MomentumView details →

1D Return

−0.32%

YTD Return

+21.60%

1Y Return

+31.06%

RSI (14)

46.1

vs 50D SMA

−2.27%

vs 200D SMA

+6.52%

Capital & dividendView details →

Debt/Equity

0.91x

Current Ratio

0.22x

Quick Ratio

0.22x

Div Yield

2.67%

Div Rate

$1.56

Div Growth 1Y

+5.63%

EarningsView details →

EPS (Actual)

$1.53

EPS Surprise

15.91%

Beats (12Q)

10/12

Next Q EPS Est

$1.37

Avg Surprise (4Q)

8.42%

Rev Surprise

−0.07%

Financials snapshotView financials →

Revenue (TTM)

384.05M

Net Income (TTM)

95.21M

Op. CF (TTM)

72.33M

Next earningsOct 20, 2026 →

Latest newsMore news →

Mercantile Bank completed its acquisition of Eastern Michigan, contributing to stronger deposits, improved liquidity and a stable net interest margin.91d ago

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Latest newsMore news →

Mercantile Bank, through the FHLBank Indianapolis Community Multiplier Member Match Program, provided $150,000 in grants to eight Michigan nonprofit organizations for affordable housing initiatives.27d ago Mercantile Bank completed its acquisition of Eastern Michigan, contributing to stronger deposits, improved liquidity and a stable net interest margin.91d ago Mercantile Bank Corporation reported net income of $25.9 million for the second quarter of 2026.91d ago