NASDAQ · Banks - Regional

Mercantile Bank Corporation (MBWM) Stock

$58.20 +0.29% NASDAQ: MBWM Financial Services

Valuation

MetricValue
Price$58.20
Market Cap$1.01B
P/E Ratio10.48
P/B Ratio1.36
P/S Ratio2.68
EPS (TTM)$5.46
52-Week High$62.95
52-Week Low$42.75
Dividend Yield2.69%

Financials & Margins

MetricValue
ROE13.25%
ROA1.40%
ROCE8.47%
Gross Margin27.42%
Operating Margin27.42%
Net Margin24.79%
Debt/Equity0.95
Current Ratio0.29

Annual Financials (USD)

Metric20212022202320242025
Revenue$199.0M$214.0M$304.0M$362.0M$372.0M
Operating Profit$74.0M$76.0M$103.0M$98.0M$102.0M
Net Profit$59.0M$61.0M$82.0M$80.0M$89.0M
EPS$3.69$3.85$5.13$4.93$5.46
Op Margin37.1%35.4%33.8%27.2%27.5%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$5.3B$4.9B$5.4B$6.1B$6.8B
Total Liabilities$4.8B$4.4B$4.8B$5.5B$6.1B
Cash$975.0M$97.0M$131.0M$393.0M$473.0M
Borrowings$693.0M$640.0M$836.0M$648.0M$826.0M

Latest News

Hovde Group Downgrades Mercantile Bank to Market Perform From Outperform, Price Target is $62 MT Newswires · Jul 22, 2026 Mercantile Bank (MBWM) Looks Fully Valued Following Stronger 2026 Earnings Simply Wall St. · Jul 22, 2026 Mercantile Bank Corp (MBWM) Q2 2026 Earnings Call Highlights: Strong Financial Performance and ... GuruFocus.com · Jul 21, 2026 Mercantile Bank Q2 Earnings Call Highlights MarketBeat · Jul 21, 2026 Compared to Estimates, Mercantile Bank (MBWM) Q2 Earnings: A Look at Key Metrics Zacks · Jul 21, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$65.0M$120.0M$67.0M$101.0M$18.0M
Investing Cash Flow$-501.0M$-558.0M$-403.0M$-434.0M$-112.0M
Financing Cash Flow$744.0M$-373.0M$224.0M$689.0M$222.0M
Net Cash Flow$349.0M$-878.0M$34.0M$262.0M$80.0M
Free Cash Flow$59.0M$117.0M$60.0M$93.0M$11.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.82
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y20.56%
Return 3Y86.37%
Return 5Y125.31%

Ownership

Insiders Held3.10%
Institutions Held68.98%
Institutions Float Held71.19%
Institutional HolderSharesReport Date
Blackrock Inc.1,388,7142026-03-31
Wellington Management Group, LLP1,189,0312026-03-31
Dimensional Fund Advisors LP1,032,8882026-03-31
Vanguard Capital Management LLC704,3242026-03-31
American Century Companies Inc561,4672026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
BHBBar Harbor Bankshares, Inc. $38.48 +0.03% 13.28 $644.24M 3.45%
BWFGBankwell Financial Group, Inc. $65.66 +0.52% 12.27 $523.52M 1.20%
CCNECNB Financial Corporation $33.64 +0.87% 10.89 $996.55M 2.23%
CHCOCity Holding Company $140.61 +0.39% 15.63 $1.98B 2.80%
FMAOFarmers & Merchants Bancorp, Inc. $35.31 +1.17% 12.20 $486.15M 2.82%

About Mercantile Bank Corporation

Mercantile Bank Corporation is led by CEO Raymond E. Reitsma, publicly traded since 1999.

Mercantile Bank Corporation (MBWM) stock trades at $58.20 with a market capitalization of $1.01B. The stock is valued at a price-to-earnings (P/E) ratio of 10.48, price-to-book of 1.36, price-to-sales of 2.68. Over the past 52 weeks the stock has ranged between $42.75 and $62.95, and currently trades 7.5% below its 52-week high. It pays a dividend yielding 2.69%.

On profitability, Mercantile Bank Corporation generates a return on equity (ROE) of 13.25%, above the typical market average, return on capital employed of 8.47%, an operating margin of 27.42%, a net profit margin of 24.79%.

Related Financial Services Stocks

BRK.A Berkshire Hathaway Inc. $733370.00 +0.00% BRK.B Berkshire Hathaway Inc. New $482.70 +0.00% JPM JP Morgan Chase & Co. $331.42 +0.56% V Visa Inc. $375.10 +0.81% MA Mastercard Incorporated $574.76 +0.82% BAC Bank of America Corporation $53.61 +0.17% HSBC HSBC Holdings, plc $92.61 -1.17% MS Morgan Stanley $187.41 -1.21% RY Royal Bank Of Canada $190.56 -0.35% GS Goldman Sachs Group, Inc. (The) $882.59 -0.52% MUFG Mitsubishi UFJ Financial Group, Inc. $22.48 -0.75% WFC Wells Fargo & Company $82.06 +2.24%

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)Exxon Mobil (XOM)

Screens featuring this stock

High ROE Financial Services StocksLow P/E Financial Services StocksHigh Net Margin Financial Services StocksDividend Financial Services StocksLow Debt Financial Services StocksNasdaq High ROE StocksAll stock screens
Run Stock Screener Investing Guides