Mercantile Bank/$MBWM
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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
Primary listing
Employees
665
Headquarters
Website
Mercantile Bank Metrics
BasicAdvanced
$775M
9.49
$5.03
0.94
$1.46
3.10%
Price and volume
Market cap
$775M
Beta
0.94
52-week high
$50.52
52-week low
$37.76
Average daily volume
53K
Dividend rate
$1.46
Financial strength
Dividend payout ratio (TTM)
28.52%
Profitability
Net profit margin (TTM)
35.64%
Operating margin (TTM)
44.35%
Effective tax rate (TTM)
16.76%
Revenue per employee (TTM)
$340,000
Management effectiveness
Return on assets (TTM)
1.38%
Return on equity (TTM)
13.77%
Valuation
Price to earnings (TTM)
9.486
Price to revenue (TTM)
3.381
Price to book
1.23
Price to tangible book (TTM)
1.33
Price to free cash flow (TTM)
24.995
Free cash flow yield (TTM)
4.00%
Free cash flow per share (TTM)
1.909
Dividend yield (TTM)
3.06%
Forward dividend yield
3.10%
Growth
Revenue change (TTM)
3.70%
Earnings per share change (TTM)
-0.38%
3-year revenue growth (CAGR)
9.28%
3-year earnings per share growth (CAGR)
16.82%
10-year earnings per share growth (CAGR)
12.84%
3-year dividend per share growth (CAGR)
6.17%
10-year dividend per share growth (CAGR)
10.88%
Bulls say / Bears say
Mercantile’s Q2 2025 net income rose 20% from the previous year to $22.6 million, and earnings per share increased to $1.39 from $1.17, showing solid earnings momentum (AP News).
The $95.8 million merger with Eastern Michigan Financial will raise Mercantile’s assets to $6.7 billion and is projected to increase EPS by 11% once full cost savings are achieved, strengthening the bank’s position in important Michigan markets (American Banker).
Expected cost savings from the deal total $5.4 million—about 40% of Eastern Michigan’s operating expenses—which should improve Mercantile’s efficiency and help boost margins (American Banker).
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 2025.
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.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
Sept17
Mercantile Bank
DividendPayment
$0.38Per share
FAQs
What’s the current market cap for Mercantile Bank stock?
Mercantile Bank (MBWM) has a market cap of $775M as of September 16, 2025.
What is the P/E ratio for Mercantile Bank stock?
The price to earnings (P/E) ratio for Mercantile Bank (MBWM) stock is 9.49 as of September 16, 2025.
Does Mercantile Bank stock pay dividends?
Yes, the Mercantile Bank (MBWM) stock pays dividends to shareholders. As of September 16, 2025, the dividend rate is $1.46 and the yield is 3.1%. Mercantile Bank has a payout ratio of 28.52% on a trailing twelve-month basis.
When is the next Mercantile Bank dividend payment date?
The next Mercantile Bank (MBWM) dividend payment is scheduled for September 17, 2025.
What is the beta indicator for Mercantile Bank?
Mercantile Bank (MBWM) has a beta rating of 0.94. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.