MBWM
Mercantile Bank Corporation
Price Chart
Latest Quote
$55.79
+0.88 (+1.60%)
Current Price
| Previous Close | $54.91 |
| Open | $54.71 |
| Day High | $55.85 |
| Day Low | $52.77 |
| Volume | 91,422 |
Stock Information
| Quarterly Dividend / Yield | $1.56 / 2.79% |
| Shares Outstanding | 17.27M |
| Quarterly Dividend Yield | 2.79% |
| Quarterly Dividend | $1.56 |
| Total Debt | $726.09M |
| Cash Equivalents | $598.16M |
| Revenue | $252.69M |
| Net Income | $91.90M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $963.74M |
| P/E Ratio | 10.00 |
| EPS (TTM) | $5.58 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.09B |
| Sales | $252.69M |
| Income | $91.90M |
| Book/sh | $42.66 |
| Cash/sh | $34.63 |
| Employees | 766 |
Financial Ratios
| EPS Growth TTM | 16.10% |
Returns & Margins
| ROA | 1.40% |
| ROE | 13.66% |
| Operating Margin | 41.00% |
| Profit Margin | 36.37% |
Ownership
| Insider Ownership | 3.10% |
| Institutional Ownership | 69.01% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 9.45 |
| PEG | 1.63 |
| P/S | 3.81 |
| P/B | 1.31 |
Analyst Data
| Recommendation | none |
| Target Price | $59.33 |
Technical Indicators
| SMA20 | $53.36 |
| SMA50 | $52.14 |
| SMA200 | $48.94 |
| RSI | 74.67 |
| ATR | 1.6883 |
| Shares Float | 16.83M |
| Short Float | 1.79% |
| Short Ratio | 2.64 |
| Volatility | 0.83 |
| Rel Volume | 0.73 |
Performance History
| Week | +2.63% |
| Month | +7.68% |
| Quarter | +12.71% |
| 6 Months | +14.38% |
| YTD | +18.95% |
| Year | +28.05% |
| 3 Years | +109.67% |
| 5 Years | +108.63% |
| 10 Years | +251.06% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $55.79 | 103,200 |
| 2026-06-23 | $54.91 | 82,200 |
| 2026-06-22 | $53.96 | 112,600 |
| 2026-06-18 | $53.75 | 217,300 |
| 2026-06-17 | $53.26 | 215,700 |
| 2026-06-16 | $54.36 | 131,200 |
| 2026-06-15 | $53.76 | 128,200 |
| 2026-06-12 | $55.20 | 158,000 |
| 2026-06-11 | $54.22 | 176,900 |
| 2026-06-10 | $54.38 | 142,400 |
| 2026-06-09 | $53.89 | 157,000 |
| 2026-06-08 | $53.03 | 162,500 |
| 2026-06-05 | $52.74 | 89,300 |
| 2026-06-04 | $52.24 | 104,500 |
| 2026-06-03 | $50.53 | 145,000 |
| 2026-06-02 | $52.49 | 109,300 |
| 2026-06-01 | $51.64 | 170,900 |
| 2026-05-29 | $52.60 | 171,000 |
| 2026-05-28 | $52.44 | 136,200 |
| 2026-05-27 | $52.06 | 126,300 |
| 2026-05-26 | $52.50 | 147,200 |
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.
đ° Latest News
Mercantile Bank (MBWM) Stock Draws Fresh Price Target Split On Valuation Assumptions
Simply Wall St. âĸ 2026-06-19T07:13:42Z
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How The Mercantile Bank (MBWM) Investment Story Is Evolving Without New Analyst Guidance
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Mercantile Bank (NASDAQ:MBWM) Could Be A Buy For Its Upcoming Dividend
Simply Wall St. âĸ 2026-05-31T13:52:12Z
Israel Discount Bank Ltd (ISDAF) Q1 2026 Earnings Call Highlights: Robust Credit Growth and ...
GuruFocus.com âĸ 2026-05-20T01:02:21ZWhy The Narrative Around Mercantile Bank (MBWM) Is Shifting After Valuation And Rating Updates
Simply Wall St. âĸ 2026-05-08T05:15:19Z
Top Dividend Stocks To Consider In May 2026
Simply Wall St. âĸ 2026-05-01T11:31:50Z
Mercantile Bank Corp (MBWM) Q1 2026 Earnings Call Highlights: Strong Revenue and Deposit Growth ...
GuruFocus.com âĸ 2026-04-22T07:02:58ZMercantile Bank (MBWM) Q1 2026 Earnings Transcript
Motley Fool âĸ 2026-04-21T17:01:22Z
Mercantile Bank Corporation Q1 2026 Earnings Call Summary
Moby âĸ 2026-04-21T16:47:13Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $242,652,000 | $231,475,000 | $225,688,000 | $190,321,000 |
| Operating Revenue | $242,652,000 | $231,475,000 | $225,688,000 | $190,321,000 |
| Expenses | ||||
| Interest Expense | $129,150,000 | $130,416,000 | $77,813,000 | $23,595,000 |
| Selling And Marketing Expense | $1,664,000 | $1,604,000 | $1,565,000 | $1,445,000 |
| General And Administrative Expense | $85,913,000 | $80,421,000 | $71,059,000 | $66,363,000 |
| Other Non Interest Expense | $34,699,000 | $31,405,000 | $30,051,000 | $28,197,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $88,753,000 | $79,593,000 | $82,217,000 | $61,063,000 |
| Net Interest Income | $201,044,000 | $191,086,000 | $193,545,000 | $158,244,000 |
| Interest Income | $330,194,000 | $321,502,000 | $271,358,000 | $181,839,000 |
| Normalized Income | $90,309,498 | $79,593,000 | $82,217,000 | $61,063,000 |
| Net Income From Continuing And Discontinued Operation | $88,753,000 | $79,593,000 | $82,217,000 | $61,063,000 |
| Net Income Common Stockholders | $88,753,000 | $79,593,000 | $82,217,000 | $61,063,000 |
| Net Income | $88,753,000 | $79,593,000 | $82,217,000 | $61,063,000 |
| Net Income Including Noncontrolling Interests | $88,753,000 | $79,593,000 | $82,217,000 | $61,063,000 |
| Net Income Continuous Operations | $88,753,000 | $79,593,000 | $82,217,000 | $61,063,000 |
| Pretax Income | $103,493,000 | $98,286,000 | $102,699,000 | $75,790,000 |
| Special Income Charges | $-1,815,000 | $0 | $0 | $0 |
| Per Share | ||||
| Diluted EPS | $5.47 | $4.93 | $5.13 | $3.85 |
| Basic EPS | $5.47 | $4.93 | $5.13 | $3.85 |
| Other | ||||
| Tax Effect Of Unusual Items | $-258,502 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $-1,815,000 | $0 | $0 | $0 |
| Total Unusual Items Excluding Goodwill | $-1,815,000 | $0 | $0 | $0 |
| Reconciled Depreciation | $5,797,000 | $10,505,000 | $11,496,000 | $12,945,000 |
| Diluted Average Shares | $16,237,974 | $16,130,696 | $16,015,678 | $15,859,901 |
| Basic Average Shares | $16,237,974 | $16,130,696 | $16,015,678 | $15,859,889 |
| Diluted NI Availto Com Stockholders | $88,753,000 | $79,593,000 | $82,217,000 | $61,063,000 |
| Tax Provision | $14,740,000 | $18,693,000 | $20,482,000 | $14,727,000 |
| Restructuring And Mergern Acquisition | $1,815,000 | $0 | $0 | - |
| Gain On Sale Of Security | $1,957,000 | $3,210,000 | $3,946,000 | $3,488,000 |
| Selling General And Administration | $87,577,000 | $82,025,000 | $72,624,000 | $67,808,000 |
| Insurance And Claims | $2,715,000 | $2,497,000 | $2,258,000 | $1,239,000 |
| Salaries And Wages | $83,198,000 | $77,924,000 | $68,801,000 | $65,124,000 |
| Occupancy And Equipment | $11,868,000 | $12,359,000 | $12,614,000 | $11,976,000 |
| Gain On Sale Of Business | - | - | $0 | $0 |
| Other Special Charges | - | - | - | $1,514,000 |
| Other Gand A | - | - | - | - |
Fetched: 2026-06-23
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $631,840,000 | $535,053,000 | $472,672,000 | $391,935,000 |
| Total Assets | $6,835,219,000 | $6,052,161,000 | $5,353,224,000 | $4,872,619,000 |
| Goodwill And Other Intangible Assets | $93,044,000 | $49,473,000 | $49,473,000 | $49,473,000 |
| Other Intangible Assets | $20,388,000 | - | - | $583,000 |
| Cash And Cash Equivalents | $473,324,000 | $393,010,000 | $130,533,000 | $96,772,000 |
| Cash Financial | $54,755,000 | $56,991,000 | $70,408,000 | $61,894,000 |
| Cash Cash Equivalents And Federal Funds Sold | $473,324,000 | $393,010,000 | $130,533,000 | $96,772,000 |
| Debt | ||||
| Net Debt | $23,569,000 | $133,717,000 | $475,992,000 | $349,077,000 |
| Total Debt | $496,893,000 | $526,727,000 | $606,525,000 | $445,849,000 |
| Long Term Debt And Capital Lease Obligation | $496,893,000 | $526,727,000 | $606,525,000 | $445,849,000 |
| Long Term Debt | $496,893,000 | $526,727,000 | $606,525,000 | $445,849,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $6,110,335,000 | $5,467,635,000 | $4,831,079,000 | $4,431,211,000 |
| Payables And Accrued Expenses | - | - | - | $78,211,000 |
| Payables | - | - | - | $78,211,000 |
| Accounts Payable | - | - | - | $78,211,000 |
| Equity | ||||
| Common Stock Equity | $724,884,000 | $584,526,000 | $522,145,000 | $441,408,000 |
| Total Equity Gross Minority Interest | $724,884,000 | $584,526,000 | $522,145,000 | $441,408,000 |
| Stockholders Equity | $724,884,000 | $584,526,000 | $522,145,000 | $441,408,000 |
| Gains Losses Not Affecting Retained Earnings | $-23,995,000 | $-49,825,000 | $-50,487,000 | $-65,341,000 |
| Other Equity Adjustments | $-23,995,000 | $-49,825,000 | $-50,487,000 | $-65,341,000 |
| Retained Earnings | $399,448,000 | $334,646,000 | $277,526,000 | $216,313,000 |
| Other | ||||
| Ordinary Shares Number | $17,181,096 | $16,146,374 | $16,125,662 | $15,994,884 |
| Share Issued | $17,181,096 | $16,146,374 | $16,125,662 | $15,994,884 |
| Tangible Book Value | $631,840,000 | $535,053,000 | $472,672,000 | $391,935,000 |
| Invested Capital | $1,221,777,000 | $1,111,253,000 | $1,128,670,000 | $887,257,000 |
| Total Capitalization | $1,221,777,000 | $1,111,253,000 | $1,128,670,000 | $887,257,000 |
| Capital Stock | $349,431,000 | $299,705,000 | $295,106,000 | $290,436,000 |
| Common Stock | $349,431,000 | $299,705,000 | $295,106,000 | $290,436,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Investments And Advances | $857,630,000 | $596,652,000 | $617,092,000 | $602,936,000 |
| Goodwill | $72,656,000 | $49,473,000 | $49,473,000 | $49,473,000 |
| Net PPE | $62,468,000 | $53,427,000 | $50,928,000 | $51,476,000 |
| Accumulated Depreciation | $-54,100,000 | $-49,616,000 | $-43,789,000 | $-38,862,000 |
| Gross PPE | $116,568,000 | $103,043,000 | $94,717,000 | $90,338,000 |
| Machinery Furniture Equipment | $31,585,000 | $26,657,000 | $25,157,000 | $22,941,000 |
| Buildings And Improvements | $68,733,000 | $62,365,000 | $56,778,000 | $53,865,000 |
| Land And Improvements | $16,250,000 | $14,021,000 | $12,782,000 | $13,532,000 |
| Other Short Term Investments | $857,630,000 | $596,652,000 | $617,092,000 | $602,936,000 |
| Treasury Shares Number | - | - | $0 | - |
Fetched: 2026-06-23
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $11,209,000 | $92,588,000 | $59,926,000 | $116,845,000 |
| Operating Activities | ||||
| Operating Cash Flow | $17,973,000 | $101,118,000 | $66,613,000 | $119,862,000 |
| Cash Flow From Continuing Operating Activities | $17,973,000 | $101,118,000 | $66,613,000 | $119,862,000 |
| Operating Gains Losses | $-12,565,000 | $-11,758,000 | $-6,059,000 | $-7,958,000 |
| Investing Activities | ||||
| Capital Expenditure | $-6,764,000 | $-8,530,000 | $-6,687,000 | $-3,017,000 |
| Investing Cash Flow | $-105,704,000 | $-425,436,000 | $-395,932,000 | $-554,999,000 |
| Cash Flow From Continuing Investing Activities | $-105,704,000 | $-425,436,000 | $-395,932,000 | $-554,999,000 |
| Net Other Investing Changes | $2,790,000 | $-5,353,000 | $-6,761,000 | $-3,522,000 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $772,000 | $810,000 | $891,000 | $867,000 |
| Financing Cash Flow | $168,045,000 | $586,795,000 | $363,080,000 | $-443,251,000 |
| Cash Flow From Continuing Financing Activities | $168,045,000 | $586,795,000 | $363,080,000 | $-443,251,000 |
| Cash Dividends Paid | $-23,951,000 | $-22,473,000 | $-21,004,000 | $-19,602,000 |
| Common Stock Dividend Paid | $-23,951,000 | $-22,473,000 | $-21,004,000 | $-19,602,000 |
| Net Common Stock Issuance | $772,000 | $810,000 | $891,000 | $867,000 |
| Common Stock Issuance | $772,000 | $810,000 | $891,000 | $867,000 |
| Repurchase Of Capital Stock | - | - | $0 | $0 |
| Other | ||||
| Repayment Of Debt | $-80,862,000 | $-90,827,000 | $-80,353,000 | $-94,000,000 |
| Issuance Of Debt | $50,000,000 | $10,000,000 | $240,000,000 | $42,908,000 |
| Interest Paid Supplemental Data | $129,430,000 | $129,228,000 | $72,024,000 | $21,765,000 |
| Income Tax Paid Supplemental Data | $44,842,000 | $21,400,000 | $24,850,000 | $11,200,000 |
| End Cash Position | $473,324,000 | $393,010,000 | $130,533,000 | $96,772,000 |
| Beginning Cash Position | $393,010,000 | $130,533,000 | $96,772,000 | $975,160,000 |
| Changes In Cash | $80,314,000 | $262,477,000 | $33,761,000 | $-878,388,000 |
| Proceeds From Stock Option Exercised | $128,000 | $50,000 | $45,000 | $81,000 |
| Net Issuance Payments Of Debt | $-30,862,000 | $-80,827,000 | $159,647,000 | $-51,092,000 |
| Net Long Term Debt Issuance | $-30,862,000 | $-80,827,000 | $159,647,000 | $-51,092,000 |
| Long Term Debt Payments | $-80,862,000 | $-90,827,000 | $-80,353,000 | $-94,000,000 |
| Long Term Debt Issuance | $50,000,000 | $10,000,000 | $240,000,000 | $42,908,000 |
| Net Investment Purchase And Sale | $-136,049,000 | $-111,841,000 | $4,201,000 | $-89,027,000 |
| Sale Of Investment | $67,317,000 | $61,777,000 | $24,142,000 | $17,984,000 |
| Purchase Of Investment | $-203,366,000 | $-173,618,000 | $-19,941,000 | $-107,011,000 |
| Net Business Purchase And Sale | $53,569,000 | $0 | $0 | $0 |
| Sale Of Business | $53,569,000 | $0 | $0 | - |
| Net PPE Purchase And Sale | $-6,764,000 | $-8,247,000 | $-6,089,000 | $-23,000 |
| Sale Of PPE | $0 | $283,000 | $598,000 | $2,994,000 |
| Purchase Of PPE | $-6,764,000 | $-8,530,000 | $-6,687,000 | $-3,017,000 |
| Change In Working Capital | $-81,237,000 | $501,000 | $-20,267,000 | $25,922,000 |
| Change In Other Current Assets | $-59,097,000 | $-25,797,000 | $-30,189,000 | $-437,000 |
| Change In Payables And Accrued Expense | $-22,010,000 | $27,893,000 | $14,252,000 | $32,524,000 |
| Change In Payable | $-22,010,000 | $27,893,000 | $14,252,000 | $32,524,000 |
| Change In Account Payable | $-22,010,000 | $27,893,000 | $14,252,000 | $32,524,000 |
| Change In Receivables | $-130,000 | $-1,595,000 | $-4,330,000 | $-6,165,000 |
| Changes In Account Receivables | $-130,000 | $-1,595,000 | $-4,330,000 | $-6,165,000 |
| Other Non Cash Items | $8,404,000 | $12,161,000 | $-10,079,000 | $19,361,000 |
| Stock Based Compensation | $3,473,000 | $3,316,000 | $3,384,000 | $3,377,000 |
| Unrealized Gain Loss On Investment Securities | $63,000 | $-203,000 | $257,000 | $-45,000 |
| Deferred Tax | $2,085,000 | $-397,000 | $-2,036,000 | $-1,353,000 |
| Deferred Income Tax | $2,085,000 | $-397,000 | $-2,036,000 | $-1,353,000 |
| Depreciation Amortization Depletion | $5,797,000 | $10,505,000 | $11,496,000 | $12,945,000 |
| Depreciation And Amortization | $5,797,000 | $10,505,000 | $11,496,000 | $12,945,000 |
| Gain Loss On Sale Of PPE | $24,000 | $-70,000 | $473,000 | $239,000 |
| Net Income From Continuing Operations | $88,753,000 | $79,593,000 | $82,217,000 | $61,063,000 |
| Common Stock Payments | - | - | $0 | $0 |
| Purchase Of Business | - | - | $0 | $0 |
| Gain Loss On Sale Of Business | - | - | $0 | $0 |
Fetched: 2026-06-23