Mercantile Bank Corporation MBWM
Nov 4, 2026, 10:05 AM EST
- YTD
- +28.56%
- 1 year
- +40.31%
- Market cap
- 1.07B
- Revenue (ttm)
- 274.17M
- Profit margin
- 34.84%
- EPS (ttm)
- 5.62
- Shares out
- 17.29M
- P/E ratio
- 11.00
- Forward P/E
- 10.27
- Dividend
- 1.60 (2.65%)
- Ex-dividend date
- Dec 3, 2026
- YTD return
- +28.56%
- 1-year return
- +40.31%
- Volume
- 28.84K
- Avg volume
- 113.79K
- Open
- 61.46
- Previous close
- 60.36
- Day's range
- 61.46 – 62.89
- 52-week range
- 43.00 – 62.95
- Beta
- 0.83
- Analysts
- Hold
- Price target
- 64.17 (+3.8%)
- Earnings date
- Jan 19, 2027
2Y +19.88 (+46.22%)
Key statistics
- Enterprise value
- 1.10B
- PEG ratio
- 1.63
- Price / sales
- 3.81
- Price / book
- 1.40
- Dividend yield
- 2.61%
- Payout ratio
- 27.76%
- Revenue growth
- 16.60%
- Free cash flow
- 0
- Total cash
- 656.98M
- Total debt
- 698.62M
- Return on equity
- 13.63%
- Short % of float
- 3.33%
- 50-day average
- 59.78
- 200-day average
- 55.47
Analyst view
Consensus: hold
- Target (low)
- 62.00
- Target (mean)
- 64.17
- Target (high)
- 66.00
- Strong buy2
- Buy0
- Hold4
- Sell0
- Strong sell0
Next earnings
Jan 19, 2027
Expected Jan 19, 2027. Consensus EPS estimate 1.38.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Jan 19, 2027 | Dec 30, 2026 | 1.39 | — | — | — |
| Oct 20, 2026 | Sep 30, 2026 | 1.35 | 1.42 | +0.07 | +5.19% |
| Jul 21, 2026 | Jun 30, 2026 | 1.32 | 1.53 | +0.21 | +15.91% |
| Apr 21, 2026 | Mar 31, 2026 | 1.26 | 1.32 | +0.06 | +4.76% |
| Jan 20, 2026 | Dec 31, 2025 | 1.37 | 1.40 | +0.03 | +2.19% |
| Oct 21, 2025 | Sep 30, 2025 | 1.38 | 1.46 | +0.08 | +5.80% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 21, 2026 | Keefe, Bruyette & Woods | main | Outperform | Outperform |
| Jul 22, 2026 | Keefe, Bruyette & Woods | main | Outperform | Outperform |
| Jul 22, 2026 | Hovde Group | down | Outperform | Market Perform |
| Jun 26, 2026 | Piper Sandler | main | Neutral | Neutral |
| Jan 21, 2026 | Keefe, Bruyette & Woods | main | Outperform | Outperform |
| Jan 7, 2026 | Raymond James | main | Outperform | Outperform |
About Mercantile Bank Corporation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Country
- United States
- Website
- mercbank.com
News
Mercantile Bank Q3 2026 Earnings Call Transcript 
Mercantile Bank Q3 Adj. EPS $1.42 Beats $1.35 Estimate, Sales $73.203M Beat $71.032M Estimate 
Keefe, Bruyette & Woods Maintains Outperform on Mercantile Bank, Raises Price Target to $64 
Hovde Group Downgrades Mercantile Bank to Market Perform, Announces $62 Price Target 
Mercantile Bank Q2 2026 Earnings Call: Complete Transcript 
Earnings Scheduled For July 21, 2026 - Mercantile Bank Q2 Adj. EPS $1.53 Beats $1.32 Estimate, Sales $68.756M Miss $68.807M Estimate
Piper Sandler Maintains Neutral on Mercantile Bank, Raises Price Target to $60 
Mercantile Bank Q1 2026 Earnings Call: Complete Transcript - UPDATE: Mercantile Bank Q1 Adj. EPS $1.46 Beats $1.31 Estimate, Sales $67.589M Miss $67.632M Estimate
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| AUGUSTYN MARK S | Officer | Stock Award(Grant) | Feb 4, 2026 | 33,025 |
| CHRISTMAS CHARLES E | Chief Financial Officer | Stock Award(Grant) | Feb 12, 2026 | 123,500 |
| DICKINSON THOMAS D | Director | Stock Award(Grant) | Jan 1, 2025 | 24,896 |
| ELDRIDGE MICHELLE LARABEE | Director | Stock Award(Grant) | May 21, 2026 | 19,420 |
| HOOVER BRETT | Officer | Stock Award(Grant) | Feb 4, 2026 | 19,562 |
| KAMINSKI ROBERT B JR. | Director | Sale | May 1, 2025 | 89,796 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 8.88% | 1,534,392 | 92.62M | Jun 29, 2026 |
| Wellington Management Group, LLP | 6.29% | 1,087,998 | 65.67M | Jun 29, 2026 |
| Dimensional Fund Advisors LP | 6.06% | 1,046,841 | 63.19M | Jun 29, 2026 |
| Vanguard Capital Management LLC | 4.25% | 735,613 | 44.40M | Jun 29, 2026 |
| American Century Companies Inc | 3.62% | 625,015 | 37.73M | Jun 29, 2026 |
| State Street Corporation | 3.46% | 598,641 | 36.13M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| American Century ETF Trust-Avantis U.S. Small Cap Value ETF | 3.25% | 562,025 | 33.92M | Sep 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 3.01% | 520,137 | 31.40M | Jun 29, 2026 |
| iShares Trust-iShares Russell 2000 ETF | 2.76% | 476,556 | 28.76M | Sep 29, 2026 |
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 1.35% | 233,920 | 14.12M | Jul 30, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund | 1.15% | 199,073 | 12.02M | Jun 29, 2026 |
| Fidelity Salem Street Trust-Fidelity Small Cap Index Fund | 1.09% | 188,836 | 11.40M | Aug 30, 2026 |