Mercantile Bank Corporation (MBWM)

Currency in USD
48.58
-0.13(-0.27%)
Closed·
After Hours
48.580.00(0.00%)
·
MBWM Scorecard
Full Analysis
Has raised its dividend for 5 consecutive years
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Fair Value
Day's Range
48.3849.63
52 wk Range
37.7652.98
Key Statistics
Prev. Close
48.71
Open
49.22
Day's Range
48.38-49.63
52 wk Range
37.76-52.98
Volume
79.6K
Average Vol. (3m)
71.11K
1-Year Change
1.29%
Book Value / Share
37.48
Fair Value
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Fair Value Upside
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Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
52.13
Upside
+7.30%
Members' Sentiments
Bearish
Bullish
ProTips
3 analysts have revised their earnings upwards for the upcoming period
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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Mercantile Bank Corporation Company Profile

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Employees
665

Mercantile Bank Corporation Earnings Call Summary for Q1/2025

  • Mercantile Bank's Q1 2025 EPS of $1.21 beat forecast of $1.06; revenue of $57.25M slightly missed expectations
  • Net income fell to $19.5M from $21.6M in Q1 2024; average loans up 7% to $4.63B, average deposits surged 15% to $4.59B
  • Bank projects 3-5% loan growth for 2025, net interest margin between 3.45-3.55%; no changes in federal funds rate expected
  • Stock dipped 0.11% despite earnings beat; company maintains 14-year dividend streak with current yield of 3.68%
  • Management emphasizes focus on core operations amid economic uncertainty impacting loan growth and mortgage market
Last Updated: 04/22/2025, 10:56 AM
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Compare MBWM to Peers and Sector

Metrics to compare
MBWM
Peers
Sector
Relationship
P/E Ratio
10.2x15.5x9.7x
PEG Ratio
−1.46−0.350.03
Price / Book
1.3x1.4x1.0x
Price / LTM Sales
3.5x3.5x2.9x
Upside (Analyst Target)
7.0%2.7%9.4%
Fair Value Upside
Unlock−14.1%1.8%Unlock

Analyst Ratings

2 Buy
3 Hold
0 Sell
Ratings:
5 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 52.13
(+7.30% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 4.80%
Dividend Yield
3.05%
Annualized Payout
1.48
Paid quarterly
5-Years Growth
+5.92%
Growth Streak

Earnings

Latest Release
Apr 22, 2025
EPS / Forecast
1.21 / 1.06
Revenue / Forecast
57.25M / 57.57M
EPS Revisions
Last 90 days

MBWM Income Statement

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FAQ

What Is the Mercantile (MBWM) Stock Price Today?

The Mercantile stock price today is 48.58

What Stock Exchange Does Mercantile Trade On?

Mercantile is listed and trades on the Nasdaq Stock Exchange stock exchange.

What Is the Stock Symbol for Mercantile?

The stock symbol for Mercantile is "MBWM."

Does Mercantile Pay Dividends? What’s The Current Dividend Yield?

The Mercantile dividend yield is 3.05%.

What Is the Mercantile Market Cap?

As of today, Mercantile market cap is 788.71M.

What Is Mercantile's Earnings Per Share (TTM)?

The Mercantile EPS (TTM) is 4.80.

When Is the Next Mercantile Earnings Date?

Mercantile will release its next earnings report on Jul 22, 2025.

From a Technical Analysis Perspective, Is MBWM a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has Mercantile Stock Split?

Mercantile has split 7 times.

How Many Employees Does Mercantile Have?

Mercantile has 665 employees.

What is the current trading status of Mercantile (MBWM)?

As of Jul 20, 2025, Mercantile (MBWM) is trading at a price of 48.58, with a previous close of 48.71. The stock has fluctuated within a day range of 48.38 to 49.63, while its 52-week range spans from 37.76 to 52.98.
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