Mercantile Bank Corporation
MBWM
NASDAQ·Financial Services·Banks - Regional·Mkt cap $1.1B
$62.14
▲ +0.66%
P/E
10.94
Mkt Cap
$1.1B
52-Wk Range
$42.75–$62.39
52-Week Range
$42.75 - $62.39
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 28.0% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Regional market expertise and deep community relationships in Michigan and surrounding areas
- Personalized service model targeting underserved small- to medium-sized businesses overlooked by national banks
- Diversified revenue streams including banking, lending, and insurance reducing reliance on single business line
- Established branch network with 44 banking offices and 41 ATM/video banking machines providing customer convenience
- Strong credit quality focus through relationship-based lending approach
Bear Case
1 risk
- Average volatility.
Growth
Revenue decline expected
Expansion of commercial lending to growing small and medium-sized business segment
Value
Valued in line with Commercial Banking peers (1.0x).
Momentum
Strong
+17.2% over 3m
Quality
Excellent
High-growth business (64% revenue growth, 68% gross margin). Profitable with strong growth momentum.
Dividend
Solid
2.51% yield
Smart-money signal
Who's buying MBWM right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 20, 2026
JUL 21, 2026
Reported EPS of $1.53 vs $1.32 consensus (+15.9% surprise). Revenue of $68.8M vs $68.8M expected (-0.1%).
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+15.9%
Revenue trend · last 8Q
—
—
-2%
+7%
+8%
+6%
+69%
+5%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$58.0M
$58.5M
$57.3M
$60.9M
$96.0M
$93.3M
$96.5M
$98.2M
Margins · last 8Q
Gross
70.0%
Operating
31.8%
Profit
26.4%
Wall Street consensus
3 analysts · 33% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
33%
Hold
67%
Sell
0%
Median Price Target
—
Latest: Raymond James · Sep 1, 2026
vs Industry
How MBWM stacks vs Banks - Regional
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
Related