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
- 765
- Headquarters
- Grand Rapids, United States
- Website
- www.mercbank.com
Mercantile Bank Metrics
BasicAdvanced
$1B
10.32
$5.68
0.81
$1.56
2.73%
Price and volume
Market cap
$1B
Beta
0.81
52-week high
$62.95
52-week low
$42.88
Average daily volume
113K
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)
10.316
Price to revenue (TTM)
3.722
Price to book
1.34
Price to tangible book (TTM)
1.53
Price to free cash flow (TTM)
14.401
Free cash flow yield (TTM)
6.94%
Free cash flow per share (TTM)
4.07
Dividend yield (TTM)
2.66%
Forward dividend yield
2.73%
Growth
Revenue change (TTM)
15.91%
Earnings per share change (TTM)
12.95%
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
Second-quarter momentum was strong: net interest income rose 15.7% year on year to $57.3 million, while the net interest margin improved to 3.59% from 3.48%. (PR Newswire)
Commercial loan growth reached $115 million in the second quarter, an 11.7% annualised rate, and management cited a strong pipeline while forecasting 5–7% annualised loan growth for the rest of 2026. (Markets Daily)
Credit quality remains a clear strength: non-performing assets were just 0.1% of total assets at the end of June, with nominal charge-offs and net loan recoveries in the quarter. (PR Newswire)
Falling rates could pressure asset yields: the second-quarter yield on earning assets fell 33 basis points year on year and the loan yield fell 28 basis points. Lower funding costs supported a higher margin, but that offset may weaken if asset yields keep falling faster. (PR Newswire)
Part of second-quarter earnings benefited from a $1.8 million negative credit-loss provision, largely because repayment of a troubled construction loan released a $2.7 million specific reserve. That one-off benefit is unlikely to recur at the same level, so reported earnings growth may overstate the underlying pace. (PR Newswire)
The Eastern Michigan acquisition is still being integrated, with bank consolidation planned for early 2027; the bank also flags core-system conversion risks and says related conversion costs are not included in its projections. Delays, disruption or extra costs could weigh on returns. (StockTitan, PR Newswire)
Data summarised monthly by Lightyear AI. Last updated on 2 Oct 2026.
Mercantile Bank Financial Performance
Revenues and expenses
Mercantile Bank Earnings Performance
Company profitability
Upcoming events
No upcoming events
Mercantile Bank News
AllArticlesVideos
Funds containing Mercantile Bank
AllEURGBPUSD
Fund name | Fund size | $MBWM weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.04% |
SPDR Russell 2000 US Small Cap£R2SC | £4.1B | 0.04% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.03% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 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.
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.