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USFinancial Services

Mercantile Bank Corporation (MBWM)

US · Financial Services · Banks - Regional

$60.38-0.28%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$98.2M
Revenue YoY
+5.1%
Net profit
$25.9M
Profit YoY
+14.6%
EPS
$1.53
EPS estimate
$1.34
Net margin
26.4%

EPS came in at 1.53 against a street estimate of 1.34 — a beat of 14.2%.

Key statistics

Market cap
$1.07B
P/E
10.9
Forward P/E
10.9
P/B
1.41
Book value
$43.68
EPS (TTM)
$5.69
Dividend yield
2.51%
52-week high
$62.42
52-week low
$41.51
50-day MA
$59.67
200-day MA
$53.47
Beta
0.81

Analyst view

Analysts rate Mercantile Bank Corporation a buy (2 buy, 3 hold, 0 sell out of 5) with an average price target of $63.17.

Shareholding

Insiders
3.10%
Institutions
70.94%

Largest institutional holders

FundStake
BlackRock Inc8.03%
Wellington Management Company LLP6.29%
Dimensional Fund Advisors, Inc.6.06%
Vanguard Capital Management, LLC4.07%
American Century Companies Inc3.62%
State Street Corp2.91%
Renaissance Technologies Corp2.73%
Geode Capital Management, LLC2.52%

Recent filings & reports

DocumentDate
Quarterly report · Q2 2026
MERCANTILE BANK CORPORATION – FORM 10-Q SUMMARY For Quarter Ended June 30, 2026 --- HEADLINE NUMBERS • Total Assets: $6.819 billion (down from $6.8
2026-07-31
Results announced · Q3 2026
MERCANTILE BANK CORPORATION Q2 2026 RESULTS SUMMARY HEADLINE NUMBERS • Net income Q2 2026: $25.9 million, or $1.50 per diluted share (vs. $22.6 mill
2026-07-21
Shareholder vote results · Q2 2026
MERCANTILE BANK CORPORATION (MBWM) - 8-K SUMMARY HEADLINE NUMBERS • Total shares voted: 13,535,143 shares cast (with 2,447,511 broker non-votes) • D
2026-05-21
Quarterly report · Q1 2026
MERCANTILE BANK CORPORATION – Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Net income: $22.7 million for Q1 2026 vs. $19.5 million for Q1 2025 (up 16%) •
2026-05-01
Results announced · Q2 2026
MERCANTILE BANK CORPORATION – Q1 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Net income: $22.7 million ($1.32 per diluted share) vs. $19.5 million ($1.
2026-04-21
Proxy statement · Q2 2026
MERCANTILE BANK CORPORATION PROXY STATEMENT SUMMARY WHAT SHAREHOLDERS ARE VOTING ON • Proposal 1: Election of 12 directors, each for a one-year term
2026-04-02
Board / officer change · Q1 2026
MERCANTILE BANK CORPORATION – 2026 EXECUTIVE BONUS PLAN SUMMARY HEADLINE NUMBERS • Target bonus pool for 2026: $1,206,725 • Maximum bonus pool (150%
2026-03-19
Annual report FY2025
MERCANTILE BANK CORPORATION (MBWM) — 10-K SUMMARY HEADLINE NUMBERS • Shares Outstanding: 17,272,961 shares as of February 20, 2026 • Public Float: A
2026-02-27

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Data updated 2026-09-18.