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Mercantile Bank Corporation (MBWM)

Profile

Full Name

Mercantile Bank Corporation

Ticker

NASDAQ: MBWM

Exchange

NASDAQ

Sector

Financial Services

Industry

Regional Banks

Country

United States

IPO

July 20, 1999

Indexes

Not included

Website

https://www.mercbank.com

Employees

692

Key Details

Price

$47.17(+0.83%)

Market cap

$766.45M(Small cap)

Last Dividend

$0.38

TTM Dividend yield

3.14%

Annual revenue

$361.89M(+19.24% YoY)

Annual EPS

$4.93(-3.90% YoY)

PE ratio

9.36

Next earnings date

Oct 21, 2025

Next ex-dividend date

N/A

Next split date

N/A

Quick Search

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    See Full Chart & Historical Data

    Analyst ratings

    Price

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    Current Price

    $47.17
    MBWM price is $47.17

    30-Day Relative Volume

    0.98
    MBWM 30-day relative volume is 0.98

    Price Performance

    Price Today change

    +0.83%
    MBWM price is up +0.83% today

    Price YTD change

    +6.02%
    MBWM price is up +6.02% since January 1st

    Price 1-year change

    +4.94%
    MBWM price is up +4.94% year-on-year

    Price 3-year change

    +46.49%
    MBWM price is up +46.49% over the past 3 years

    Price Range

    Price All-time high

    $52.98
    MBWM price is currently -10.97% below its historical high of $52.98

    Price 3-year low

    $23.89
    MBWM price is currently +97.45% above its 3-year low

    Capitalization

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    Market cap

    Market cap

    $766.45M
    MBWM market capitalization is $766.45 million

    Market cap 3-year change

    +50.07%
    MBWM market capitalization is up +50.07% over the past 3 years

    Market cap All-time high

    $836.22M
    MBWM market capitalization is currently -8.34% below its historical high of $836.22 million

    Market cap sector rank

    58.53%
    MBWM market capitalization is higher than 58.53% of companies in Financial Services sector

    Shares Outstanding

    Shares Outstanding 1-Year Change

    +0.69%
    MBWM shares outstanding is up +0.69% year-on-year

    Shares Outstanding 3-Year Change

    +2.44%
    MBWM shares outstanding is up +2.44% over the past 3 years

    Technical Indicators

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    Beta

    0.94
    MBWM beta is 0.94

    200-day SMA

    $46.01
    MBWM price is currently +2.53% above its 200-day simple moving average

    50-day SMA

    $47.65
    MBWM price is currently -1.01% below its 50-day simple moving average

    RSI

    41.92
    MBWM 14-day relative strength index is 41.92

    Volume

    0.98
    MBWM 30-day relative volume is 0.98

    ATR

    $1.14
    MBWM average true range is $1.14

    10-day Historical Volatility

    14.51%
    MBWM 10-day historical volatility is 14.51%

    Dividend

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    Events

    Last Paid Dividend

    $0.38
    MBWM last dividend was $0.38 per share, with an ex-dividend date of September 5, 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

    70.11%
    MBWM annual dividend per share is higher than 70.11% 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

    3.01%
    MBWM annual dividend yield is 3.01%

    Dividend yield Sector Rank

    34.29%
    MBWM annual dividend yield is higher than 34.29% 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

    $85.59M
    MBWM annual free cash flow is $85.59 million

    Income Statement

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    Revenue

    Revenue

    $361.89M
    MBWM annual revenue is $361.89 million

    Revenue Analysts estimate

    $242.96M
    MBWM annual revenue is currently +48.95% higher than the consensus analysts' forecast

    Revenue 1-year change

    +19.24%
    MBWM annual revenue is up +19.24% year-on-year

    Revenue Sector rank

    67.83%
    MBWM annual revenue is higher than 67.83% of companies in Financial Services sector

    EPS

    EPS

    $4.93
    MBWM annual earnings per share is $4.93

    EPS Analysts estimate

    $5.25
    MBWM annual earnings per share is currently -6.18% lower 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

    87.14%
    MBWM annual earnings per share is higher than 87.14% of companies in Financial Services sector

    Profit

    Gross profit

    $0.00
    MBWM annual gross profit is $0.00

    Gross margin

    0.00%
    MBWM annual gross profit margin is 0.00%

    Operating profit

    $98.29M
    MBWM annual operating income is $98.29 million

    Operating margin

    27.16%
    MBWM annual operating profit margin is 27.16%

    Net income

    $79.59M
    MBWM annual net profit is $79.59 million

    Net margin

    21.99%
    MBWM annual net profit margin is 21.99%

    Expenses

    Total expenses

    $282.30M
    MBWM annual total expenses is $282.30 million

    Operating expenses

    -$98.29M
    MBWM annual total operating expenses is -$98.29 million

    Cost of goods sold

    -
    MBWM annual cost of goods sold value is unknown

    Selling, general & administrative expenses

    $0.00
    MBWM annual SGA is $0.00

    Depreciation and amortization

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

    Interest expense

    $130.42M
    MBWM annual interest expense is $130.42 million

    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

    $6.06B
    MBWM annual total assets is $6.06 billion

    Non current assets

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

    Current assets

    $414.11M
    MBWM annual total current assets is $414.11 million

    Cash and cash equivalents

    $56.99M
    MBWM annual cash & cash equivalents is $56.99 million

    Accounts receivable

    -
    MBWM annual accounts receivable value is unknown

    Inventory

    -
    MBWM annual inventory value is unknown

    Liabilities

    Total liabilities

    $5.48B
    MBWM annual total liabilities is $5.48 billion

    Long term liabilities

    $124.04M
    MBWM annual total long term liabilities is $124.04 million

    Current liabilities

    $2.61B
    MBWM annual total current liabilities is $2.61 billion

    Accounts payable

    -
    MBWM annual accounts payable value is unknown

    Debt

    Total debt

    $652.67M
    MBWM annual total debt is $652.67 million

    Total debt 1-year change

    -22.3%
    MBWM annual total debt is down -22.3% year-on-year

    Long term debt

    $449.23M
    MBWM annual long term debt is $449.23 million

    Short term debt

    $203.44M
    MBWM annual short term debt is $203.44 million

    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

    -$2.20B
    MBWM annual working capital is -$2.20 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

    $15.53M
    MBWM annual capital expenditures is $15.53 million

    CAPEX 1-year change

    +52.45%
    MBWM annual capital expenditures is up +52.45% year-on-year

    Free Cash Flow

    Free cash flow

    $85.59M
    MBWM annual free cash flow is $85.59 million

    Free cash flow 1-year change

    +51.68%
    MBWM annual free cash flow is up +51.68% year-on-year

    Profitability Ratios

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    Margins

    Gross margin

    0.00%
    MBWM annual gross profit margin is 0.00%

    Operating margin

    27.16%
    MBWM annual operating profit margin is 27.16%

    Net margin

    21.99%
    MBWM annual net profit margin is 21.99%

    ROA & ROE

    ROA

    1.39%
    MBWM annual return on assets is 1.39%

    ROE

    14.38%
    MBWM annual return on equity is 14.38%

    Valuation

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    PE Ratio

    PE ratio

    9.36
    MBWM price to earnings ratio is 9.36

    PE ratio Sector rank

    13.21%
    MBWM price to earnings ratio is higher than 13.21% of companies in Financial Services sector

    PB Ratio

    PB ratio

    1.21
    MBWM price to book ratio is 1.21

    PB ratio Sector rank

    44.79%
    MBWM price to book ratio is higher than 44.79% of companies in Financial Services sector

    PS Ratio

    PS ratio

    2.08
    MBWM price to sales ratio is 2.08

    PS ratio Sector rank

    49.66%
    MBWM price to sales ratio is higher than 49.66% of companies in Financial Services sector

    Enterprise value

    Enterprise value

    $1.41B
    MBWM enterprise value is $1.41 billion

    Enterprise value Sector rank

    61.28%
    MBWM enterprise value is higher than 61.28% of companies in Financial Services sector

    EV/EBITDA

    EV/EBITDA

    -
    MBWM EV/EBITDA value is unknown

    EV/EBITDA Sector rank

    -
    MBWM EV/EBITDA is unknown

    Financial Health

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    Liquidity

    Current ratio

    0.16
    MBWM annual current ratio is 0.16

    Quick ratio

    -
    MBWM annual quick ratio value is unknown

    Leverage

    Debt to equity

    1.12
    MBWM annual debt to equity ratio is 1.12

    Interest coverage ratio

    1.75
    MBWM annual interest coverage ratio is 1.75

    Risk & Stability

    Piotroski F-Score

    5
    MBWM piotroski f-score is 5

    Altman Z-Score

    -0.09
    MBWM altman z-score is -0.09

    Analyst ratings

    Recent major analysts updates

    Jul 24, 25 Raymond James
    Outperform
    Jul 23, 25 Piper Sandler
    Neutral
    Jul 23, 25 Keefe, Bruyette & Woods
    Outperform
    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

    Institutional Ownership

    Screeners with MBWM included

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

    What is the ticker symbol for Mercantile Bank Corporation?

    The ticker symbol for Mercantile Bank Corporation is NASDAQ:MBWM

    Does Mercantile Bank Corporation pay dividends?

    Yes, Mercantile Bank Corporation pays dividends. The last payment was $0.38, with an ex-dividend date on September 5, 2025

    What sector is Mercantile Bank Corporation in?

    Mercantile Bank Corporation is in the Financial Services sector

    What industry is Mercantile Bank Corporation in?

    Mercantile Bank Corporation is in the Regional Banks industry

    What country is Mercantile Bank Corporation based in?

    Mercantile Bank Corporation is headquartered in United States

    When did Mercantile Bank Corporation go public?

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

    Is Mercantile Bank Corporation in the S&P 500?

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

    Is Mercantile Bank Corporation in the NASDAQ 100?

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

    Is Mercantile Bank Corporation in the Dow Jones?

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

    When was Mercantile Bank Corporation's last earnings report?

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

    When does Mercantile Bank Corporation report earnings?

    The next expected earnings date for Mercantile Bank Corporation is October 21, 2025
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