$45.81
1.10% yesterday
Nasdaq, May 16, 10:00 pm CET
ISIN
US5873761044
Symbol
MBWM
Sector
Industry

Mercantile Bank Corporation Stock price

$45.81
+5.50 13.64% 1M
-2.71 5.59% 6M
+1.32 2.97% YTD
+5.85 14.64% 1Y
+14.63 46.92% 3Y
+23.86 108.70% 5Y
+26.99 143.38% 10Y
Nasdaq, Closing price Fri, May 16 2025
-0.51 1.10%
ISIN
US5873761044
Symbol
MBWM
Sector
Industry

Key metrics

Market capitalization $752.01m
Enterprise Value $1.43b
P/E (TTM) P/E ratio 9.64
EV/FCF (TTM) EV/FCF 29.09
EV/Sales (TTM) EV/Sales 3.95
P/S ratio (TTM) P/S ratio 2.07
P/B ratio (TTM) P/B ratio 1.24
Dividend yield 3.07%
Last dividend (FY24) $1.42
Revenue growth (TTM) Revenue growth 12.26%
Revenue (TTM) Revenue $363.34m
EBIT (operating result TTM) EBIT $95.35m
Free Cash Flow (TTM) Free Cash Flow $49.30m
EPS (TTM) EPS $4.80
P/E forward 9.42
P/S forward 3.15
EV/Sales forward 6.02
Short interest 1.02%
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Is Mercantile Bank Corporation a Top Scorer Stock based on the Dividend, High-Growth-Investing or Leverman Strategy?

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Mercantile Bank Corporation Stock Analysis

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Analyst Opinions

5 Analysts have issued a Mercantile Bank Corporation forecast:

2x Buy
40%
3x Hold
60%

Analyst Opinions

5 Analysts have issued a Mercantile Bank Corporation forecast:

Buy
40%
Hold
60%

Financial data from Mercantile Bank Corporation

Income Statement P&L | Balance Sheet | Cash Flow


Quarter TTM Annually
Mar '25
+/-
%
363 363
12% 12%
100%
- Direct Costs - -
-
-
- -
-
-
- Selling and Administrative Expenses 26 26
18% 18%
7%
- Research and Development Expense - -
-
-
- -
-
-
- Depreciation and Amortization 9.38 9.38
16% 16%
3%
EBIT (Operating Income) EBIT 95 95
8% 8%
26%
Net Profit 78 78
6% 6%
21%

In millions USD.

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Mercantile Bank Corporation Stock News

Neutral
PRNewsWire
15 days ago
Over $200,000 provided to nonprofits through Federal Home Loan Bank of Indianapolis  Community Multiplier Program GRAND RAPIDS, Mich. , May 1, 2025 /PRNewswire/ -- Mercantile Bank is proud to announce its participation in the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis)  Community Multiplier  program, resulting in over  $200,000 in grant funding awarded to six nonprofit organiz...
Neutral
Seeking Alpha
24 days ago
Mercantile Bank Corporation (NASDAQ:MBWM ) Q1 2025 Earnings Conference Call April 22, 2025 10:00 AM ET Company Participants Ray Reitsma - President & CEO Chuck Christmas - EVP & CFO Nichole Kladder - CMO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tamayo - Raymond James Damon DelMonte - KBW Adam Kroll - Piper Sandler Operator Good morning, and welcome to the Mercantile Bank ...
Neutral
PRNewsWire
25 days ago
Growth in net interest income, notable increases in certain noninterest income categories, sustained strength in asset quality metrics, and continuing solid capital position highlight the quarter GRAND RAPIDS, Mich. , April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.5 million, or $1.21 per diluted share, for the first quarter of...
More Mercantile Bank Corporation News

Company Profile

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.

Head office United States
CEO Raymond Reitsma
Employees 648
Founded 1997
Website www.mercbank.com

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