MBWM — MERCANTILE BANK CORP

Nasdaq · Financials · Banks · CIK 1042729 ·
Last close
$60.31
Market Cap
$1.04B
52W High
$62.39
52W Low
$50.46
ADV30
129,820
Next earnings
2026-10-20
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.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Jun 2026
Mar 2026 67,589,000 22,685,000 6,945,035,000 579,304,000 6,208,088,000
Dec 2025 62,071,000 22,840,000 6,835,219,000 473,324,000 6,110,335,000
Sep 2025 62,390,000 23,758,000 6,308,487,000 477,019,000 5,650,857,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$49,258,000
Investing CF
$-48,417,000
Financing CF
$193,003,000
CapEx
$-6,165,000
Dividends Paid
$-24,683,000
Buybacks
EPS Diluted TTM
$5.68
As of
2026-08-02

Balance + Analyst (yfinance extras)

Retained Earnings
$415,499,000
Inventory
Receivables
ST Investments
$892,933,000
EBIT TTM
Pretax Income TTM
$106,729,000
Interest Exp TTM
$126,884,000
Analysts
6

Yahoo Snapshot (yfinance, live)

Total Revenue
$263,907,008
EBITDA
Free Cash Flow
Enterprise Value
$1,394,165,376
Total Cash
$357,854,016
Total Debt
$709,505,024
Shares Out
17,285,929
Trailing EPS
$5.77
Book Value
$43.68
ROE
13.7%
ROA
1.5%
Div Yield
2.62%

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 242,652,000 88,753,000 6,835,219,000 6,110,335,000 17,973,000
Dec 2024 231,475,000 79,593,000 6,052,161,000 5,467,635,000 101,118,000
Dec 2023 225,688,000 82,217,000 5,353,224,000 4,831,079,000 66,613,000
Dec 2022 190,321,000 61,063,000 4,872,619,000 4,431,211,000 119,862,000

TTM Snapshot

Revenues TTM
NetIncome TTM
OpCashFlow TTM
Assets (Latest)
Forward EPS
$5.74

Max Pain — expiry 2026-12-18 (volume-derived — Yahoo OI feed degraded)

max pain strike: $35.00 · spot: $60.51 · call volume: 26 · put volume: 2

Peers — same industry

TickerNameMarket CapLastDaily %
EQBK EQUITY BANCSHARES INC $1.03B $50.00
BFST Business First Bancshares, Inc. $1.02B $31.30
MCBS MetroCity Bankshares, Inc. $1.02B $35.51
HBNC HORIZON BANCORP INC /IN/ $1.01B $19.71
CCNE CNB FINANCIAL CORP/PA $1.01B $34.04

News headlines (Yahoo Finance, 1h cache)

Earnings Beat And Higher Dividend Could Be A Game Changer For Mercantile Bank (MBWM)
2026-07-31 02:08 · Yahoo
Mercantile Bank Corp (MBWM) Q2 2026 Earnings Call Highlights: Strong Financial Performance and ...
2026-07-21 21:01 · Yahoo
Mercantile Bank (MBWM) Surpasses Q2 Earnings Estimates
2026-07-21 11:05 · Yahoo
Mercantile Bank Corporation Increases Regular Cash Dividend
2026-07-21 09:00 · Yahoo
Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline
2026-07-14 14:00 · Yahoo
Mercantile Bank (MBWM) Leaves The Russell 2000 Index, Is It Still Undervalued?
2026-07-07 12:13 · Yahoo
Does Mercantile Bank’s (MBWM) Index Exit Subtly Recast Its Appeal to Long-Term Institutional Holders?
2026-07-02 03:28 · Yahoo
Mercantile Bank (MBWM) Stock Draws Fresh Price Target Split On Valuation Assumptions
2026-06-19 07:13 · Yahoo
3 Dividend Stocks Yielding Up To 4.9%
2026-06-04 17:32 · Yahoo
Mercantile Bank (NASDAQ:MBWM) Could Be A Buy For Its Upcoming Dividend
2026-05-31 13:52 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.