Financial Services
Mercantile Bank Corporation(MBWM)
Live Price
Offline$53.96
+0.39% today
1Y Change
+20.39%
Window
Jun 27, 2025 โ Jun 24, 2026
- Market Cap
- $900.00M
- Revenue Growth
- +2.7%
- EPS Growth
- +10.8%
- Dividend Yield
- 2.9%
Coverage: 249 bars ยท Jun 27, 2025 โ Jun 24, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Mercantile Bank Corporation (MBWM) is a Financial Services stock with a market cap of $900.00M and listed on NASDAQ. The stock last traded around $53.96 and up 20.4% across the available one-year price window (Jun 27, 2025 โ Jun 24, 2026). Baseline metrics include revenue growth of +2.7%, EPS growth of +10.8%, a dividend yield of 2.9%. What stands out right now is revenue +2.7%, EPS +10.8%, free cash flow -87.9% with operating margin 27.8% and ROIC 1.3%. The dividend matters to the case here, with a current yield around 2.9%. Valuation is more restrained than many high-expectation growth names at P/E 9.7 and price/sales 2.4. Overall, the current profile looks closer to a income-oriented value setup than a generic broad-market placeholder. Stock Foundry combines MBWM price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Financial Services peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Near sector median
+2.7% vs +3.4% peer median
Operating Margin
Above sector median
+27.8% vs +4.7% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on Apr 21, 2026, but the surprise data is still limited.
The operating story is still moving forward
Revenue is running at +2.7% and EPS at +10.8%, with operating margin around 27.8%.
Shareholder return is still part of the story
The stock is still offering a dividend yield around 2.9%, which matters if the thesis depends on income as much as growth.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged +0.4% over the next 5 trading days and finished higher after 2 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 Apr 21, 2026 | โ | -2.0% | +1.0% | -1.0% |
2026 Jan 20, 2026 | +2.2% | +5.8% | +0.5% | +6.6% |
2025 Oct 21, 2025 | +5.8% | +0.8% | -0.2% | -2.6% |
Benchmark Edge
MBWM vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
MBWM
โ
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
MBWM Max Drawdown
-13.58%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for MBWM and SPY.
Company Overview
Mercantile Bank Corporation
NASDAQ Global Select
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers 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; and 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, it provides courier services and safe deposit facilities; 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
- Leadership
- Raymond E. Reitsma
- IPO Date
- Jul 20, 1999
- Employees
- 662
- Street Address
- 310 Leonard Street NW
- Mailing
- Grand Rapids, MI, 49504
- Region
- Grand Rapids, MI, US
- Reporting Currency
- USD
- Investor Line
- 616 406 3000
- Last Updated
- May 2, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 9.7
- EV/EBITDA
- 14.4
- Price/Sales
- 2.4
- Price/Book
- 1.2
Growth
- Revenue
- +2.7%
- EPS
- +10.8%
- Free Cash Flow
- -87.9%
Profitability
- Gross Margin
- 66.4%
- Operating Margin
- 27.8%
- Net Margin
- 24.2%
- ROE
- 13.4%
- ROIC
- 1.3%
Balance Sheet
- Debt/Equity
- 0.95
- Current Ratio
- 0.22
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.