Mercantile Bank/$MBWM
1D1W1MYTD1Y5YMAX
Capital at risk
About Mercantile Bank
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
- Ticker
- $MBWM
- Sector
- Finance
- Primary listing
- NASDAQ
- Employees
- 765
- Headquarters
- Grand Rapids, United States
- Website
- www.mercbank.com
Mercantile Bank Metrics
BasicAdvanced
$1B
10.66
$5.68
0.81
$1.56
2.64%
Price and volume
Market cap
$1B
Beta
0.81
52-week high
$62.95
52-week low
$42.75
Average daily volume
111K
Dividend rate
$1.56
Financial strength
Dividend payout ratio (TTM)
26.69%
Profitability
Net profit margin (TTM)
36.08%
Operating margin (TTM)
44.97%
Effective tax rate (TTM)
14.95%
Revenue per employee (TTM)
$340,000
Management effectiveness
Return on assets (TTM)
1.46%
Return on equity (TTM)
13.73%
Valuation
Price to earnings (TTM)
10.657
Price to revenue (TTM)
3.845
Price to book
1.39
Price to tangible book (TTM)
1.58
Price to free cash flow (TTM)
14.878
Free cash flow yield (TTM)
6.72%
Free cash flow per share (TTM)
4.07
Dividend yield (TTM)
2.58%
Forward dividend yield
2.64%
Growth
Revenue change (TTM)
15.91%
Earnings per share change (TTM)
12.94%
3-year revenue growth (CAGR)
7.99%
3-year earnings per share growth (CAGR)
4.63%
10-year earnings per share growth (CAGR)
12.05%
3-year dividend per share growth (CAGR)
5.81%
10-year dividend per share growth (CAGR)
9.52%
Bulls say / Bears say
Mercantile Bank’s second-quarter 2026 net income rose 14.8% YoY to $25.93 million, driving diluted EPS to $1.50 from $1.39 in Q2 2025 (MarketScreener)
Net interest income increased 15.7% YoY to $57.26 million in Q2 2026, reflecting growth in earning assets and improved net interest margin (MarketScreener)
Total loans grew by $98.9 million (8.2% annualized) in Q2 2026, while local deposits increased $122 million (annualized 4.8%) during H1 2026, lowering the loan-to-deposit ratio to 93% (PR Newswire)
Yield on commercial loans declined to 6.01% in Q2 2026 from 6.29% in Q2 2025, pressuring asset yields amid rate cuts (PR Newswire)
Noninterest expense (ex-one-time costs) rose $5.4 million YoY to $39.4 million in Q2 2026, driven by higher salary costs and branch network expansion (PR Newswire)
The $1.8 million negative provision for credit losses in Q2 2026 primarily reflects the one-time resolution of a nonperforming construction loan, suggesting future provisions may normalize higher (PR Newswire)
Data summarised monthly by Lightyear AI. Last updated on 4 Sept 2026.
Upcoming events
No upcoming events
Mercantile Bank News
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Funds containing Mercantile Bank
AllEURUSDGBP
Fund name | Fund size | $MBWM weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.04% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.01% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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