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
Primary listing

Industry

Banks

Employees

692

Mercantile Bank Metrics

BasicAdvanced
$742M
9.08
$5.03
0.90
$1.46
3.33%

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.

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Upcoming events

Sept5
Mercantile Bank
Dividend·Ex-dividend
Sept17
Mercantile Bank
Dividend·Payment
$0.38Per share
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