Mercantile Bank/$MBWM
1D1W1M3M6MYTD1Y5YMAX
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
- 812
- Headquarters
- Grand Rapids, United States
- Website
- www.mercbank.com
Mercantile Bank Metrics
BasicAdvanced
$1B
10.65
$5.61
0.84
$1.56
2.68%
Price and volume
Market cap
$1B
Beta
0.84
52-week high
$62.95
52-week low
$43.00
Average daily volume
115K
Dividend rate
$1.56
Financial strength
Profitability
Net profit margin (TTM)
34.84%
Operating margin (TTM)
43.98%
Effective tax rate (TTM)
15.81%
Revenue per employee (TTM)
$340,000
Management effectiveness
Return on assets (TTM)
1.42%
Return on equity (TTM)
13.63%
Valuation
Price to earnings (TTM)
10.654
Price to revenue (TTM)
3.712
Price to book
1.39
Price to tangible book (TTM)
1.58
Dividend yield (TTM)
2.61%
Forward dividend yield
2.68%
Growth
Revenue change (TTM)
17.46%
Earnings per share change (TTM)
6.51%
3-year revenue growth (CAGR)
7.99%
3-year earnings per share growth (CAGR)
2.21%
10-year earnings per share growth (CAGR)
11.74%
3-year dividend per share growth (CAGR)
5.73%
10-year dividend per share growth (CAGR)
9.32%
What the Analysts think about Mercantile Bank
Analyst ratings (Buy, Hold, Sell) for Mercantile Bank stock.
Analyst projections of the future price of Mercantile Bank stock.
Bulls say / Bears say
Third-quarter net interest margin rose to 3.73% from 3.49% a year earlier, while net interest income grew 17.1%. Lower funding costs and growth in earning assets are lifting core revenue. (Mercantile Bank)
Local deposits grew by $438 million in the first nine months, allowing Mercantile to cut brokered deposits by $110 million and reduce its loan-to-deposit ratio to 88.3%. That points to a stronger, less wholesale-dependent funding base. (Mercantile Bank)
Credit indicators remain strong: nonperforming assets were just 0.1% of assets, past-due loans were nominal and the bank recorded net loan recoveries in the quarter. Low current credit losses reduce pressure on earnings and reserves. (Mercantile Bank)
Costs are rising faster than earnings per share: adjusted third-quarter EPS fell 5% year on year, while noninterest expenses rose $8.8 million. Management expects system-conversion savings only from April 2027, so cost pressure may persist in the meantime. (The Motley Fool)
Loan payoffs and paydowns reached $448 million in the first nine months, well above the prior-year $306 million, limiting net loan growth to 3.6% annualised. Continued customer repayments could make it harder to turn a strong pipeline into balance-sheet growth. (Mercantile Bank)
The margin improvement comes despite weaker asset yields: loan yield fell to 6.12% from 6.35%, and earning-asset yield declined to 5.52% from 5.74%. If funding-cost reductions slow, continued pressure on loan yields could make it harder to sustain margin gains. (Mercantile Bank)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.
Mercantile Bank Financial Performance
Revenues and expenses
Mercantile Bank Earnings Performance
Company profitability
Upcoming events
Mercantile Bank News
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Funds containing Mercantile Bank
Fund name | Fund size | $MBWM weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.04% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.04% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.03% |
Xtrackers MSCI World Small Cap$XSWC | $183M | 0.01% |
iShares MSCI World Small Cap$WSML | $9B | 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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