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
Industry
Banks
Headquarters
Employees
692
Website
Mercantile Bank Metrics
BasicAdvanced
$742M
9.08
$5.03
0.90
$1.46
3.33%
Price and volume
Market cap
$742M
Beta
0.9
52-week high
$50.52
52-week low
$37.76
Average daily volume
94K
Dividend rate
$1.46
Financial strength
Profitability
Net profit margin (TTM)
35.64%
Operating margin (TTM)
44.35%
Effective tax rate (TTM)
16.76%
Revenue per employee (TTM)
$330,000
Management effectiveness
Return on assets (TTM)
1.38%
Return on equity (TTM)
13.77%
Valuation
Price to earnings (TTM)
9.083
Price to revenue (TTM)
3.237
Price to book
1.18
Price to tangible book (TTM)
1.28
Dividend yield (TTM)
3.20%
Forward dividend yield
3.33%
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 Bank reported a net income of $19.6 million for Q3 2024, reflecting strong financial performance. (gurufocus.com)
The bank achieved a significant reduction in its loan-to-deposit ratio from 110% at year-end 2023 to 102% as of September 30, 2024, indicating improved liquidity. (gurufocus.com)
Noninterest income increased by 27% during the first three quarters of 2024 compared to the same period in 2023, with mortgage banking income growing by 49%. (gurufocus.com)
Net income for Q3 2024 was $19.6 million, down from $20.9 million in the same period of 2023, indicating a slight decline in profitability. (gurufocus.com)
Net interest income declined by $0.7 million during Q3 2024 compared to the prior year period, reflecting margin pressures. (gurufocus.com)
Noninterest expenses rose by $3.4 million during Q3 2024, driven by higher salary and benefit costs, and increased data processing costs. (gurufocus.com)
Data summarised monthly by Lightyear AI. Last updated on 10 Jul 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
Sept5
Mercantile Bank
Dividend·Ex-dividend
Sept17
Mercantile Bank
Dividend·Payment
$0.38Per share
FAQs
What’s the current market cap for Mercantile Bank stock?
Mercantile Bank (MBWM) has a market cap of $742M as of August 01, 2025.
What is the P/E ratio for Mercantile Bank stock?
The price to earnings (P/E) ratio for Mercantile Bank (MBWM) stock is 9.08 as of August 01, 2025.
Does Mercantile Bank stock pay dividends?
Yes, the Mercantile Bank (MBWM) stock pays dividends to shareholders. As of August 01, 2025, the dividend rate is $1.46 and the yield is 3.33%. Mercantile Bank has a payout ratio of 0% 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 0.9. 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.