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Mercantile Bank (MBWM)

Profile

Full Name

Mercantile Bank Corporation

Ticker Symbol

NASDAQ: MBWM

Exchange

NASDAQ

Sector

Financial Services

Industry

Banks - Regional

Country

United States

IPO

July 20, 1999

Indexes

Not included

Website

http://www.mercbank.com

Employees

662

Key Details

Price

$49.81(+1.72%)

Market cap

$808.68M(Small cap)

Last Dividend

$0.37

TTM Dividend yield

2.93%

Annual revenue

$231.47M(+2.56% YoY)

Annual EPS

$4.93(-3.90% YoY)

PE ratio

10.33

Next earnings date

Jul 22, 2025

Next ex-dividend date

N/A

Next split date

N/A

Quick Search

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    Analyst ratings

    Price

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    Current Price

    $49.81
    MBWM price is $49.81

    30-Day Relative Volume

    2.26
    MBWM 30-day relative volume is 2.26

    Price Performance

    Price Most recent change

    +1.72%
    MBWM price was up +1.72% on Jul 3, 2025

    Price YTD change

    +11.96%
    MBWM price is up +11.96% since January 1st

    Price 1-year change

    +27.03%
    MBWM price is up +27.03% year-on-year

    Price 3-year change

    +52.56%
    MBWM price is up +52.56% over the past 3 years

    Price Range

    Price All-time high

    $52.98
    MBWM price is currently -5.98% below its historical high of $52.98

    Price 3-year low

    $23.89
    MBWM price is currently +108.50% above its 3-year low

    Capitalization

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    Market cap

    Market cap

    $808.68M
    MBWM market capitalization is $808.68 million

    Market cap 3-year change

    +56.16%
    MBWM market capitalization is up +56.16% over the past 3 years

    Market cap All-time high

    $836.22M
    MBWM market capitalization is currently -3.29% below its historical high of $836.22 million

    Market cap sector rank

    55.96%
    MBWM market capitalization is higher than 55.96% of companies in Financial Services sector

    Shares Outstanding

    Shares Outstanding 1-Year Change

    +0.6%
    MBWM shares outstanding is up +0.6% year-on-year

    Shares Outstanding 3-Year Change

    +2.36%
    MBWM shares outstanding is up +2.36% over the past 3 years

    Technical Indicators

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    Beta

    0.93
    MBWM beta is 0.93

    200-day SMA

    $45.36
    MBWM price is currently +9.81% above its 200-day simple moving average

    50-day SMA

    $44.51
    MBWM price is currently +11.91% above its 50-day simple moving average

    RSI

    77.38
    MBWM 14-day relative strength index is 77.38

    Volume

    2.26
    MBWM 30-day relative volume is 2.26

    ATR

    $1.31
    MBWM average true range is $1.31

    10-day Historical Volatility

    17.06%
    MBWM 10-day historical volatility is 17.06%

    Dividend

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    Events

    Last Paid Dividend

    $0.37
    MBWM last dividend was $0.37 per share, with an ex-dividend date of June 6, 2025

    Next Dividend

    -
    MBWM next dividend has not yet been announced

    Dividend per share

    Dividend per share

    $1.42
    MBWM annual dividend per share is $1.42

    Dividend per share Sector Rank

    70.84%
    MBWM annual dividend per share is higher than 70.84% of companies in Financial Services sector

    Dividend per share 1-Year Change

    +5.97%
    MBWM annual dividend per share is up +5.97% year-on-year

    Dividend per share 3-Year Change

    +20.34%
    MBWM annual dividend per share is up +20.34% over the past 3 years

    Dividend yield

    Dividend yield

    2.85%
    MBWM annual dividend yield is 2.85%

    Dividend yield Sector Rank

    31.21%
    MBWM annual dividend yield is higher than 31.21% of companies in Financial Services sector

    Other

    Payout ratio

    28.23%
    MBWM annual payout ratio is 28.23%

    Dividends paid

    $22.47M
    MBWM annual dividends paid is $22.47 million

    Free cash flow

    $92.59M
    MBWM annual free cash flow is $92.59 million

    Income Statement

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    Revenue

    Revenue

    $231.47M
    MBWM annual revenue is $231.47 million

    Revenue Analysts estimate

    $239.17M
    MBWM annual revenue is currently -3.22% lower than the consensus analysts' forecast

    Revenue 1-year change

    +2.56%
    MBWM annual revenue is up +2.56% year-on-year

    Revenue Sector rank

    59.14%
    MBWM annual revenue is higher than 59.14% of companies in Financial Services sector

    EPS

    EPS

    $4.93
    MBWM annual earnings per share is $4.93

    EPS Analysts estimate

    $4.92
    MBWM annual earnings per share is currently +0.15% higher than the consensus analysts' forecast

    EPS 1-year change

    -3.9%
    MBWM annual earnings per share is down -3.9% year-on-year

    EPS Sector rank

    82.82%
    MBWM annual earnings per share is higher than 82.82% of companies in Financial Services sector

    Profit

    Gross profit

    -
    MBWM annual gross profit value is unknown

    Gross margin

    -
    MBWM annual gross profit margin value is unknown

    Operating profit

    -
    MBWM annual operating income value is unknown

    Operating margin

    -
    MBWM annual operating profit margin value is unknown

    Net income

    $79.59M
    MBWM annual net profit is $79.59 million

    Net margin

    34.39%
    MBWM annual net profit margin is 34.39%

    Expenses

    Total expenses

    -
    MBWM annual total expenses value is unknown

    Operating expenses

    $82.03M
    MBWM annual total operating expenses is $82.03 million

    Cost of goods sold

    -
    MBWM annual cost of goods sold value is unknown

    Selling, general & administrative expenses

    $82.03M
    MBWM annual SGA is $82.03 million

    Depreciation and amortization

    $10.51M
    MBWM annual depreciation & amortization is $10.51 million

    Interest expense

    -
    MBWM annual interest expense value is unknown

    Income tax

    $18.69M
    MBWM annual income tax is $18.69 million

    EBIT & EBITDA

    EBIT

    $228.70M
    MBWM annual earnings before interest & taxes is $228.70 million

    EBITDA

    $239.21M
    MBWM annual EBITDA is $239.21 million

    Balance Sheet

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    Assets

    Total assets

    $6.05B
    MBWM annual total assets is $6.05 billion

    Non current assets

    $5.54B
    MBWM annual long term assets is $5.54 billion

    Current assets

    $1.12B
    MBWM annual total current assets is $1.12 billion

    Cash and cash equivalents

    $393.01M
    MBWM annual cash & cash equivalents is $393.01 million

    Accounts receivable

    -
    MBWM annual accounts receivable value is unknown

    Inventory

    -
    MBWM annual inventory value is unknown

    Liabilities

    Total liabilities

    $5.47B
    MBWM annual total liabilities is $5.47 billion

    Long term liabilities

    $5.23B
    MBWM annual total long term liabilities is $5.23 billion

    Current liabilities

    $121.52M
    MBWM annual total current liabilities is $121.52 million

    Accounts payable

    -
    MBWM annual accounts payable value is unknown

    Debt

    Total debt

    $526.73M
    MBWM annual total debt is $526.73 million

    Total debt 1-year change

    -13.16%
    MBWM annual total debt is down -13.16% year-on-year

    Long term debt

    $526.73M
    MBWM annual long term debt is $526.73 million

    Short term debt

    -
    MBWM annual short term debt value is unknown

    Equity & Capital

    Shareholders equity

    $584.53M
    MBWM annual stockholders equity is $584.53 million

    Book value

    $584.53M
    MBWM annual book value is $584.53 million

    Retained earnings

    $334.65M
    MBWM annual retained earnings is $334.65 million

    Working capital

    $1.00B
    MBWM annual working capital is $1.00 billion

    Cash Flow Statement

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    Cashflow Activities

    Cash from operations

    $101.12M
    MBWM annual cash flow from operations is $101.12 million

    Cash from operations 1-year change

    +51.8%
    MBWM annual cash flow from operations is up +51.8% year-on-year

    Cash from investing

    -$425.44M
    MBWM annual cash flow from investing activities is -$425.44 million

    Cash from investing 1-year change

    -7.45%
    MBWM annual cash flow from investing activities is down -7.45% year-on-year

    Cash from financing

    $586.79M
    MBWM annual cash flow from financing activities is $586.79 million

    Cash from financing 1-year change

    +61.62%
    MBWM annual cash flow from financing activities is up +61.62% year-on-year

    CAPEX

    CAPEX

    $8.53M
    MBWM annual capital expenditures is $8.53 million

    CAPEX 1-year change

    +27.56%
    MBWM annual capital expenditures is up +27.56% year-on-year

    Free Cash Flow

    Free cash flow

    $92.59M
    MBWM annual free cash flow is $92.59 million

    Free cash flow 1-year change

    +54.5%
    MBWM annual free cash flow is up +54.5% year-on-year

    Profitability Ratios

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    Margins

    Gross margin

    -
    MBWM annual gross profit margin value is unknown

    Operating margin

    -
    MBWM annual operating profit margin value is unknown

    Net margin

    34.39%
    MBWM annual net profit margin is 34.39%

    ROA & ROE

    ROA

    1.40%
    MBWM annual return on assets is 1.40%

    ROE

    14.38%
    MBWM annual return on equity is 14.38%

    Valuation

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    PE Ratio

    PE ratio

    10.33
    MBWM price to earnings ratio is 10.33

    PE ratio Sector rank

    15.65%
    MBWM price to earnings ratio is higher than 15.65% of companies in Financial Services sector

    PB Ratio

    PB ratio

    1.33
    MBWM price to book ratio is 1.33

    PB ratio Sector rank

    56.3%
    MBWM price to book ratio is higher than 56.3% of companies in Financial Services sector

    PS Ratio

    PS ratio

    3.51
    MBWM price to sales ratio is 3.51

    PS ratio Sector rank

    57.96%
    MBWM price to sales ratio is higher than 57.96% of companies in Financial Services sector

    Enterprise value

    Enterprise value

    $929.34M
    MBWM enterprise value is $929.34 million

    Enterprise value Sector rank

    54.72%
    MBWM enterprise value is higher than 54.72% of companies in Financial Services sector

    EV/EBITDA

    EV/EBITDA

    3.91
    MBWM EV/EBITDA is 3.91

    EV/EBITDA Sector rank

    49.94%
    MBWM EV/EBITDA is higher than 49.94% of companies in Financial Services sector

    Financial Health

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    Liquidity

    Current ratio

    9.24
    MBWM annual current ratio is 9.24

    Quick ratio

    -
    MBWM annual quick ratio value is unknown

    Leverage

    Debt to equity

    0.90
    MBWM annual debt to equity ratio is 0.90

    Interest coverage ratio

    -
    MBWM annual interest coverage ratio value is unknown

    Risk & Stability

    Piotroski F-Score

    -
    MBWM piotroski f-score value is unknown

    Altman Z-Score

    0.53
    MBWM altman z-score is 0.53

    Analyst ratings

    Recent major analysts updates

    Apr 23, 25 Piper Sandler
    Neutral
    Jan 22, 25 Keefe, Bruyette & Woods
    Outperform
    Dec 4, 24 Keefe, Bruyette & Woods
    Outperform
    Jul 17, 24 Piper Sandler
    Neutral
    Jul 17, 24 Keefe, Bruyette & Woods
    Outperform
    Apr 17, 24 Keefe, Bruyette & Woods
    Outperform
    Mar 7, 23 Piper Sandler
    Overweight
    Jan 18, 23 Raymond James
    Market Perform
    Oct 19, 22 Raymond James
    Outperform
    Oct 6, 22 Raymond James
    Outperform

    Institutional Ownership

    Screeners with MBWM included

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    • What is the ticker symbol for Mercantile Bank?
    • Does Mercantile Bank pay dividends?
    • What sector is Mercantile Bank in?
    • What industry is Mercantile Bank in?
    • What country is Mercantile Bank based in?
    • When did Mercantile Bank go public?
    • Is Mercantile Bank in the S&P 500?
    • Is Mercantile Bank in the NASDAQ 100?
    • Is Mercantile Bank in the Dow Jones?
    • When was Mercantile Bank's last earnings report?
    • When does Mercantile Bank report earnings?

    What is the ticker symbol for Mercantile Bank?

    The ticker symbol for Mercantile Bank is NASDAQ:MBWM

    Does Mercantile Bank pay dividends?

    Yes, Mercantile Bank pays dividends. The last payment was $0.37, with an ex-dividend date on June 6, 2025

    What sector is Mercantile Bank in?

    Mercantile Bank is in the Financial Services sector

    What industry is Mercantile Bank in?

    Mercantile Bank is in the Banks - Regional industry

    What country is Mercantile Bank based in?

    Mercantile Bank is headquartered in United States

    When did Mercantile Bank go public?

    Mercantile Bank's initial public offering (IPO) was on July 20, 1999

    Is Mercantile Bank in the S&P 500?

    No, Mercantile Bank is not included in the S&P 500 index

    Is Mercantile Bank in the NASDAQ 100?

    No, Mercantile Bank is not included in the NASDAQ 100 index

    Is Mercantile Bank in the Dow Jones?

    No, Mercantile Bank is not included in the Dow Jones index

    When was Mercantile Bank's last earnings report?

    Mercantile Bank's most recent earnings report was on April 22, 2025

    When does Mercantile Bank report earnings?

    The next expected earnings date for Mercantile Bank is July 22, 2025
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