Mercantile Bank Corporation Stock

$46.48

4.33% yesterday

Nasdaq, Aug 12, 10:00 pm CET

ISIN

US5873761044

Symbol

MBWM

Reports

Quarter | Annual

Index

NASDAQ Composite

Sector

Banks

Industry

Banks

Overview Dividends Analysts Charts News Strategies

Mercantile Bank Corporation Stock price

$46.48

+23.44 101.74% 5Y

Nasdaq, Closing price Tue, Aug 12 2025

+1.93 4.33%

ISIN

US5873761044

Symbol

MBWM

Reports

Quarter | Annual

Index

NASDAQ Composite

Sector

Banks

Industry

Banks

Key metrics

Basic

Market capitalization

$723.9m

Enterprise Value

$1.1b

Net debt

$382.9m

Cash

Shares outstanding

16.3m

Valuation (TTM | estimate)

P/E

8.9 | 8.9

P/S

3.1 | 2.9

EV/Sales

4.7 | 4.5

EV/FCF

35.8

P/B

1.2

Dividends

DPS

$1.42

Yield 1Y | 5Y

3.2% | 3.9%

Growth 1Y | 5Y

6.0% | 6.0%

Payout 1Y | 3Y

28.8% | 28.9%

Increased

10 Years

Financials (TTM | estimate)

Revenue

$234.7m | $247.2m

EBITDA

- | -

EBIT

- | $111.6m

Net Income

$81.4m | $81.5m

Free Cash Flow

$30.9m

Growth (TTM | estimate)

Revenue

2.0% | 6.8%

EBITDA

- | -

EBIT

- | -

Net Income

0.2% | 2.4%

Free Cash Flow

-58.3%

Financial Health

Equity Ratio

9.7%

Return on Equity

13.6%

ROCE

ROIC

Debt/Equity

0.6

EPS

$5.0

FCF per Share

$1.9

Short interest

0.8%

Employees

662

Rev per Employee

$350.0k

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Mercantile Bank Corporation Stock Analysis

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11 Analysts have issued a Mercantile Bank Corporation forecast:

8x Buy

73%

3x Hold

27%

More details on Analyst Estimates Including Price Targets

11 Analysts have issued a Mercantile Bank Corporation forecast:

Buy

73%

Hold

27%

Analyst Estimates with Stock Price Targets

Financial data from Mercantile Bank Corporation

Income Statement P&L | Balance Sheet | Cash Flow

Quarter TTM Annually

Jun '25		+/- %
Revenue	235 235	2% 2% 100%
- Interest Income	195 195	1% 1% 83%
- Non-Interest Income	40 40	5% 5% 17%
Interest Expense	134 134	23% 23% 57%
Non-Interest Expense	-131 -131	10% 10% -56%
Loan Loss Provisions	6.30 6.30	36% 36% 3%
Net Profit	81 81	0% 0% 35%

In millions USD.

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Mercantile Bank Corporation Stock News

Positive

Seeking Alpha

●

18 days ago

Mercantile Bank: With A LTD Ratio Of 100%, The Focus Is On The Securities Portfolio

Mercantile Bank's main challenge remains weak deposit growth, limiting its ability to capitalize on strong loan demand and keeping the loan-to-deposit ratio near 100%. Management is mitigating interest rate risk by increasing fixed-rate securities, which should gradually boost net interest margin as low-yield bonds mature and are reinvested. The bank maintains a solid dividend yield (3.17%) wit...

Neutral

Seeking Alpha

●

21 days ago

Mercantile Bank Corporation (MBWM) Q2 2025 Earnings Conference Call Transcript

Mercantile Bank Corporation (NASDAQ:MBWM ) Q2 2025 Earnings Conference Call July 22, 2025 10:00 AM ET Company Participants Nichole Kladder - Chief Marketing Officer Raymond Reitsma - President, CEO & Director Charles Christmas - Executive VP, CFO & Treasurer Conference Call Participants Daniel Tamayo - CGS International Nathan Race - Piper Sandler & Co., Research Division Damon Del Monte - Keef...

Neutral

PRNewsWire

●

22 days ago

Mercantile Bank Corporation Announces Robust Second Quarter 2025 Results and Partnership with Eastern Michigan Financial Corporation

Net interest income expansion, substantial noninterest income growth, and ongoing strength in asset quality metrics and capital levels highlight the quarter GRAND RAPIDS, Mich. , July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $22.6 million, or $1.39 per diluted share, for the second quarter of 2025, compared with net income of $18....

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	662
Founded	1997
Website	ir.mercbank.com

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