MBWM

Mercantile Bank Corp

Apr 08 • 04:00PM ET

53.00

+0.97 1.86 %

Financial • Banks - Regional • USA • NASD

Peers: FMBH CAC HTBK MPB FULT CCNE CUBI HBNC TMP MSBI

| Held by: VTI AVUV IWM VXF IWN KRE SMDV DFAT VIG SCHA

Index	RUT	P/E	9.70	EPS (ttm)	5.47	Insider Own	3.97%	Shs Outstand	17.18M	Perf Week	4.95%
Market Cap	915.46M	Forward P/E	8.88	EPS next Y	5.97	Insider Trans	-0.52%	Shs Float	16.59M	Perf Month	5.77%
Enterprise Value	-	PEG	-	EPS next Q	1.26	Inst Own	61.54%	Short Float	1.53%	Perf Quarter	8.70%
Income	88.75M	P/S	2.46	EPS this Y	1.22%	Inst Trans	1.07%	Short Ratio	2.47	Perf Half Y	15.87%
Sales	371.80M	P/B	1.26	EPS next Y	7.77%	ROA	1.38%	Short Interest	0.25M	Perf YTD	10.19%
Book/sh	42.19	P/C	-	EPS next 5Y	-	ROE	13.56%	52W High	55.77 -4.97%	Perf Year	34.23%
Cash/sh	-	P/FCF	81.67	EPS past 3/5Y	12.39% 15.04%	ROIC	7.76%	52W Low	37.76 40.36%	Perf 3Y	82.82%
Dividend Est.	1.57 (2.96%)	EV/EBITDA	-	Sales past 3/5Y	20.23% 13.95%	Gross Margin	-	Volatility	2.33% 2.56%	Perf 5Y	64.24%
Dividend TTM	1.52 (2.87%)	EV/Sales	-	EPS Y/Y TTM	10.76%	Oper. Margin	28.32%	ATR (14)	1.42	Perf 10Y	157.52%
Dividend Ex-Date	Mar 06, 2026	Quick Ratio	-	Sales Y/Y TTM	2.74%	Profit Margin	23.87%	RSI (14)	63.77	Recom	2.17
Dividend Gr. 3/5Y	5.98% 6.02%	Current Ratio	0.17	EPS Q/Q	15.51%	SMA20	5.32%	Beta	0.89	Target Price	56.83
Payout	27.44%	Debt/Eq	1.01	Sales Q/Q	0.70%	SMA50	2.24%	Rel Volume	1.56	Prev Close	52.03
Employees	744	LT Debt/Eq	0.58	Earnings	Apr 21 BMO	SMA200	9.75%	Avg Volume	102.88K	Price	53.00
IPO	Oct 24, 1997	Option/Short	Yes / Yes	EPS/Sales Surpr.	4.32% 0.19%	Trades		Volume	160,625	Change	1.86%

Date	Action	Analyst	Rating Change	Price Target Change
Mar-25-26	Initiated	Stephens	Equal-Weight	$54
Dec-18-25	Reiterated	Hovde Group	Outperform	$53 → $56
Jul-24-25	Upgrade	Raymond James	Mkt Perform → Outperform	$55
Jan-22-25	Upgrade	Hovde Group	Market Perform → Outperform	$54
May-08-24	Downgrade	Janney	Buy → Neutral
Mar-04-24	Downgrade	Hovde Group	Outperform → Market Perform
Jan-16-24	Upgrade	Janney	Neutral → Buy
Mar-07-23	Upgrade	Piper Sandler	Neutral → Overweight	$38 → $40
Jan-18-23	Downgrade	Raymond James	Outperform → Mkt Perform
Oct-06-22	Downgrade	Raymond James	Strong Buy → Outperform	$44 → $35
Jul-28-22	Upgrade	Hovde Group	Market Perform → Outperform	$41
Mar-02-22	Upgrade	Raymond James	Outperform → Strong Buy	$44
Jan-19-22	Upgrade	Raymond James	Mkt Perform → Outperform	$44
Mar-01-18	Upgrade	Keefe Bruyette	Mkt Perform → Outperform
Jul-06-17	Initiated	DA Davidson	Neutral	$35
Jan-18-17	Downgrade	Raymond James	Outperform → Mkt Perform
Nov-29-16	Downgrade	Keefe Bruyette	Outperform → Mkt Perform
Nov-21-16	Initiated	Hovde Group	Market Perform	$32
Aug-25-15	Upgrade	Raymond James	Mkt Perform → Outperform
Jul-22-15	Downgrade	Sandler O'Neill	Buy → Hold

Show Previous Ratings

Mar-31-26 10:00AM	Mercantile Bank Corporation Announces First Quarter 2026 Results Conference Call and Webcast (PR Newswire)
Mar-16-26 09:00PM	Israel Discount Bank Ltd (ISDAY) Q4 2025 Earnings Call Highlights: Strong Annual Performance ... (GuruFocus.com)
Feb-25-26 11:45AM	This is Why Mercantile Bank (MBWM) is a Great Dividend Stock (Zacks)
Feb-09-26 11:45AM	Mercantile Bank (MBWM) Could Be a Great Choice (Zacks)
Jan-23-26 11:45AM	Are You Looking for a High-Growth Dividend Stock? (Zacks)
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Jan-20-26 06:30PM	Mercantile Bank (MBWM) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates (Zacks) +5.77%
04:00PM	Mercantile Bank Corp (MBWM) Q4 2025 Earnings Call Highlights: Strong Financial Performance and ... (GuruFocus.com)
11:17AM	Mercantile Bank Q4 Earnings Call Highlights (MarketBeat)
05:20AM	Mercantile Bank: Q4 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2025 Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (PR Newswire)
Jan-15-26 10:00AM	Associated Banc-Corp (ASB) Earnings Expected to Grow: Should You Buy? (Zacks)
Jan-14-26 09:15AM	Seeking Clues to Mercantile Bank (MBWM) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics (Zacks)
Jan-13-26 10:00AM	Mercantile Bank (MBWM) Reports Next Week: Wall Street Expects Earnings Growth (Zacks)
Dec-31-25 04:00PM	Mercantile Bank Corporation Announces Completion of Merger with Eastern Michigan Financial Corporation (PR Newswire)
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Dec-29-25 10:00AM	Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2025 Results Conference Call and Webcast (PR Newswire)
Dec-18-25 06:33AM	Federal Reserve Bank of Chicago approves Mercantile Bank-Eastern merger (Retail Banker International)
Dec-16-25 06:23PM	Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Receipt of All Required Regulatory Approvals for Pending Merger (PR Newswire)
Nov-26-25 09:10AM	Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks (Zacks)
Oct-21-25 05:00PM	Mercantile Bank Corp (MBWM) Q3 2025 Earnings Call Highlights: Strong Earnings Growth Amid ... (GuruFocus.com)
09:30AM	Compared to Estimates, Mercantile Bank (MBWM) Q3 Earnings: A Look at Key Metrics (Zacks)
07:05AM	Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates (Zacks)
05:10AM	Mercantile Bank: Q3 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Strong Third Quarter 2025 Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (PR Newswire)
Oct-20-25 09:20AM	Earnings To Watch: Mercantile Bank Corp (MBWM) Reports Q3 2025 Result (GuruFocus.com)
Oct-16-25 11:45AM	Why Mercantile Bank (MBWM) is a Great Dividend Stock Right Now (Zacks) -5.15%
Sep-30-25 11:45AM	Why Mercantile Bank (MBWM) is a Top Dividend Stock for Your Portfolio (Zacks)
11:09AM	Mercantile Bank Corporation Announces Third Quarter 2025 Results Conference Call and Webcast (PR Newswire)
Sep-15-25 09:00AM	Mercantile Bank Selects Jack Henry for Focus on Innovation and Growth (PR Newswire)
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Sep-12-25 11:45AM	Mercantile Bank (MBWM) is a Top Dividend Stock Right Now: Should You Buy? (Zacks)
Aug-27-25 12:00PM	Mercantile Bank (MBWM) Upgraded to Strong Buy: Here's What You Should Know (Zacks)
11:45AM	Mercantile Bank (MBWM) Could Be a Great Choice (Zacks)
Aug-11-25 11:45AM	Mercantile Bank (MBWM) Could Be a Great Choice (Zacks)
Jul-25-25 12:00PM	Mercantile Bank (MBWM) Upgraded to Strong Buy: Here's Why (Zacks)
07:12AM	New Strong Buy Stocks for July 25th (Zacks)
06:38AM	Best Value Stocks to Buy for July 25th (Zacks)
Jul-24-25 11:45AM	Are You Looking for a High-Growth Dividend Stock? (Zacks)
08:26AM	Michigan, Georgia banks propose to buy in-state peers (Banking Dive)
Jul-23-25 03:10AM	Mercantile Bank Corp (MBWM) Q2 2025 Earnings Call Highlights: Strong Net Income Growth and ... (GuruFocus.com)
Jul-22-25 09:30AM	Here's What Key Metrics Tell Us About Mercantile Bank (MBWM) Q2 Earnings (Zacks)
07:05AM	Mercantile Bank (MBWM) Q2 Earnings and Revenues Surpass Estimates (Zacks)
05:20AM	Mercantile Bank: Q2 Earnings Snapshot (Associated Press Finance)
05:10AM	Mercantile Bank Corporation Announces Robust Second Quarter 2025 Results and Partnership with Eastern Michigan Financial Corporation (PR Newswire)
05:05AM	Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Definitive Merger Agreement (PR Newswire)
05:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (PR Newswire)
Jul-21-25 09:23AM	Mercantile Bank Corp (MBWM) Q2 2025: Everything You Need To Know Ahead Of Earnings (GuruFocus.com)
Jun-30-25 10:30AM	Mercantile Bank Corporation Announces Second Quarter 2025 Results Conference Call and Webcast (PR Newswire)
May-01-25 10:50AM	MERCANTILE BANK PARTNERS IN STATEWIDE INVESTMENT TO ADVANCE AFFORDABLE HOUSING INITIATIVES (PR Newswire)
Apr-23-25 02:43AM	Q1 2025 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
Apr-22-25 02:42PM	Mercantile Bank Corporation (MBWM) Q1 2025 Earnings Call Transcript (Seeking Alpha)
09:30AM	Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say (Zacks)
07:05AM	Mercantile Bank (MBWM) Tops Q1 Earnings Estimates (Zacks)
05:10AM	Mercantile Bank: Q1 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Strong First Quarter 2025 Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (PR Newswire)
Mar-31-25 09:00AM	Mercantile Bank Corporation Announces First Quarter 2025 Results Conference Call and Webcast (PR Newswire)
Jan-22-25 02:02AM	Mercantile Bank Corp (MBWM) Q4 2024 Earnings Call Highlights: Strong Deposit Growth and Asset ... (GuruFocus.com)
12:21AM	Q4 2024 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
Jan-21-25 09:30AM	Compared to Estimates, Mercantile Bank (MBWM) Q4 Earnings: A Look at Key Metrics (Zacks) +5.77%
07:05AM	Mercantile Bank (MBWM) Q4 Earnings and Revenues Beat Estimates (Zacks)
05:45AM	Mercantile Bank: Q4 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Robust Fourth Quarter and Full-Year 2024 Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (PR Newswire)
Jan-20-25 07:03AM	Earnings To Watch: Mercantile Bank Corp (MBWM) Reports Q4 2024 Result (GuruFocus.com)
Jan-14-25 10:00AM	Mercantile Bank (MBWM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release (Zacks)
Jan-09-25 12:00PM	Mercantile Bank (MBWM) Upgraded to Buy: Here's What You Should Know (Zacks)
Jan-02-25 10:00AM	Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2024 Results Conference Call and Webcast (PR Newswire)
Oct-16-24 05:19AM	Q3 2024 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
03:01AM	Mercantile Bank Corp (MBWM) Q3 2024 Earnings Call Highlights: Strong Deposit Growth and Asset ... (GuruFocus.com)
Oct-15-24 09:30AM	Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say (Zacks)
07:05AM	Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates (Zacks)
05:12AM	Mercantile Bank: Q3 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Strong Third Quarter Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (PR Newswire)
Oct-14-24 09:02AM	Mercantile Bank Corp (MBWM) Q3 2024 Earnings Report Preview: What To Look For (GuruFocus.com)
Oct-10-24 09:15AM	What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q3 Earnings (Zacks)
Sep-30-24 10:00AM	Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast (PR Newswire)
Jul-17-24 01:14AM	Q2 2024 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
Jul-16-24 10:52AM	MBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q2 2024 (InvestorPlace) +12.06%
07:05AM	Mercantile Bank (MBWM) Meets Q2 Earnings Estimates (Zacks)
05:11AM	Mercantile Bank: Q2 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Solid Second Quarter Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (PR Newswire)
Jul-11-24 09:15AM	What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q2 Earnings (Zacks) +6.10%
Jul-09-24 10:00AM	Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline (Zacks)
Jun-27-24 08:00AM	Mercantile Bank Corporation Announces Second Quarter 2024 Results Conference Call and Webcast (PR Newswire)
Jun-03-24 08:00AM	Mercantile Bank Corporation Implements Management Succession Plan (PR Newswire)
Apr-18-24 09:30AM	Mercantile Bank Corporation (NASDAQ:MBWM) Q1 2024 Earnings Call Transcript (Updated) (Insider Monkey)
Apr-17-24 08:44AM	Mercantile Bank Corporation (NASDAQ:MBWM) Q1 2024 Earnings Call Transcript (Insider Monkey)
Apr-16-24 10:53AM	MBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q1 2024 (InvestorPlace)
10:32AM	Mercantile Bank Corp (MBWM) Exceeds Q1 Earnings Estimates and Reports Revenue Growth (GuruFocus.com)
09:30AM	Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say (Zacks)
07:05AM	Mercantile Bank (MBWM) Q1 Earnings and Revenues Top Estimates (Zacks)
05:30AM	Mercantile Bank Q1 Net Income Rises - Quick Facts (RTT News)
05:11AM	Mercantile Bank: Q1 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Robust First Quarter Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (PR Newswire)
Apr-11-24 09:15AM	Wall Street's Insights Into Key Metrics Ahead of Mercantile Bank (MBWM) Q1 Earnings (Zacks)
Mar-28-24 10:30AM	Mercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and Webcast (PR Newswire)

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
PRICE MICHAEL H	Director	Nov 13 '25	Sale	45.84	4,577	209,799	11,898	Nov 17 04:23 PM
Sanchez Nelson F	Director	Oct 31 '25	Buy	43.50	1,000	43,500	3,502	Nov 04 04:38 PM
RAMAKER DAVID B	Director	Aug 18 '25	Buy	46.71	1,500	70,065	15,014	Aug 19 05:52 PM
Williams Shoran R	Director	Jul 29 '25	Buy	47.28	200	9,457	5,266	Jul 30 06:18 PM
KAMINSKI ROBERT B	Director	May 02 '25	Sale	42.85	250	10,712	77,986	May 06 05:10 PM

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MBWM

Mercantile Bank Corp

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