MBWM Company Profile and Key Details

Q: Who are the executives of MBWM?

Mr. Brett HooverHuman Resource Director & Senior Vice PresidentMr. Robert B. Kaminski Jr.Pres, Chief Executive Officer & DirectorMr. Charles E. ChristmasExecutive Vice President, Chief Financial Officer & TreasurerMr. Raymond E. ReitsmaExecutive Vice President & Chief Operating OfficerMr. Robert T. WorthingtonSenior Vice President, Chief Risk Officer, Gen. Counsel & Sec.Mr. Brett E. HooverSenior Vice President & HR DirectorMr. Mark S. AugustynSenior Vice President & Chief Lending Officer of Mercantile Bank of MichiganMr. Jeff KaiserSenior Vice President & Head of Risk Management Department

NASDAQ : MBWM

Mercantile Bank

$56.27

0.48+0.86%

At Close 4:00 PM

75.62

B+ESG ScoreESG Rating

Profile Key Stats Analyst Ratings Ownership Ratios Financials Dividend & splits Sentiment Forecast

Price Chart

Stock Price Today

Mercantile Bank Corporation (MBWM) stock surged +0.86%, trading at $56.27 on NASDAQ, up from the previous close of $55.79. The stock opened at $55.55, fluctuating between $55.26 and $56.52 in the recent session.

Stock Snapshot

55.79

Prev. Close

972.03M

Market Cap

55.26

Day Low

9.85

P/E Ratio

5.71

EPS (TTM)

2.97

Cash Flow per Share

55.55

Open

17.27M

Number of Shares

56.52

Day High

96.69%

Free Float in %

33.29

Book Value

165K

Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing Date	Accepted Date

Annual Report (10-k)

Filing Date	Accepted Date

Stock Price History Chart

Date	Open	High	Low	Close	Volume
Jun 25, 2026	55.55	56.52	55.26	56.27	166.77K
Jun 24, 2026	54.85	55.85	52.77	55.79	99.26K
Jun 23, 2026	53.99	55.03	53.89	54.91	82.22K
Jun 22, 2026	53.59	54.59	52.18	53.96	108.65K
Jun 18, 2026	54.11	54.32	52.39	53.75	210.68K
Jun 17, 2026	54.03	54.80	52.79	53.26	205.53K
Jun 16, 2026	54.18	54.93	52.86	54.36	121.97K
Jun 15, 2026	55.50	55.57	53.57	53.76	120.12K
Jun 12, 2026	54.56	55.50	54.42	55.20	150.81K
Jun 11, 2026	54.60	55.20	53.87	54.22	175.91K
Jun 10, 2026	54.26	54.79	54.02	54.38	142.36K
Jun 09, 2026	53.23	54.49	53.23	53.89	155.79K
Jun 08, 2026	52.80	53.70	52.60	53.03	162.54K
Jun 05, 2026	52.17	53.26	52.17	52.74	86.63K
Jun 04, 2026	51.50	52.76	51.50	52.63	104.52K
Jun 03, 2026	52.34	52.62	50.84	50.91	144.06K
Jun 01, 2026	52.55	53.32	51.80	52.03	170.94K
May 29, 2026	52.62	53.35	52.62	52.99	170.89K
May 28, 2026	52.18	52.84	52.00	52.83	136.2K
May 27, 2026	53.11	53.30	52.24	52.45	126.33K

Contact Details

Grand Rapids, MI 49504

United States

https://www.mercbank.com 616 406 3000

About Company

Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including funding for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options. Beyond core banking, Mercantile Bank supplies additional conveniences like courier services and secure deposit boxes. It also markets a comprehensive array of insurance policies, such as coverage for private auto, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella liability, small business needs, and life insurance. The bank's infrastructure further includes 22 automated teller machines (ATMs) and 19 video banking machines. As of January 18, 2022, the company maintained 44 branch locations. Established in 1997, Mercantile Bank Corporation's main office is situated in Grand Rapids, Michigan.

Stock Peers

FCNCA

-28.08-1.33%

First Citizens BancShares, Inc.$2,089.21 HIFS

5.83+1.97%

Hingham Institution for Savings$301.65 CATC

Cambridge Bancorp$220.00 BPOP

1.54+0.93%

Popular, Inc.$167.19 WTFC

2.07+1.30%

Wintrust Financial Corporation$161.88 BFC

-1.54-1.05%

Bank First Corporation$144.90 UMBF

1.94+1.37%

UMB Financial Corporation$143.41 BOKF

1.44+1.05%

BOK Financial Corporation$138.46 CHCO

1.41+1.07%

City Holding Company$132.72 NBN

1.77+1.38%

Northeast Bank$130.25

Company Overview

Mercantile Bank Corporation (NASDAQ:MBWM) closed at $56.27 USD, gaining $0.48 (0.86%) from the previous close of $55.79. The stock is currently trading near its 52-week high $42.75 and $56.52. With a market capitalization of about $972.03 million, Mercantile Bank Corporation is classified as a small-cap and shows market-like volatility (beta ~0.83). Key stats such as the average daily volume over the past year has been around 122.84 thousand shares, in line with its 52-week average. Headquartered in Grand Rapids, MI, Mercantile Bank Corporation operates in the Financial Services sector and the Banks - Regional industry. Led by CEO Raymond E. Reitsma, the company employs approximately 662 people and listed since July 20, 1999. Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States.

Technical Performance

MBWM has shown sold momentum, gaining 4.03% over the past week and 16.12% over the past quarter, though year-to-date performance is up 5.26%. Short-term trend indicators are bearishly aligned (SMA20 -0.61%, SMA50 4.03%, SMA200 12.36%). The stock’s 14-day RSI is 53.85 (neutral), while the ATR of 1.54 points to higher daily volatility. The stock remains sitting in the mid-range of its 52-week band, trading -4.41% below its high and over 41.18% above its low. Average 10-day trading volume of 139.40 thousand shares is slightly above the 3-month average of 121.20 thousand, indicating heightened recent market interest.

Valuation Metrics

Mercantile Bank Corporation trades at a P/E ratio of 10.07, slightly below the S&P 500 average, with a price-to-sales ratio of 2.56 and a price-to-book ratio of 1.31 suggesting the stock is closer to book value. The P/FCF stands at 22.49, also below market averages.

Dividend & Fair Value

Mercantile Bank Corporation last paid a dividend of 1.54 per share, this equals a trailing yield of roughly 3.15%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $119.29. This means the shares are trading below this model’s fair value.

Earnings & Analyst Outlook

Mercantile Bank Corporation generated EPS of $5.47 over the past year. Five-year average earnings growth is 15.04%. The latest quarter delivered EPS of $1.46. The next quarter is forecast at $1.26. Next year's EPS is expected at -$15.96. Analyst sentiment is bullish. Analyst rating data shows there are 5 Strong Buy ratings, 0 Buy ratings, 1 Hold ratings, 0 Sell rating and 0 Strong Sell ratings. Price targets range from $57.00 to $52.00. The high target offers 1.3% upside. The low target suggests -7.59% downside. The mean target is $55.00. This offers -2.26% upside. Mercantile Bank Corporation earnings surprise history is a consistent trend of beating forecasts. The quarter that ended April 21, 2026, missed forecasts by 9.77%. The prior quarter beat by 2.19%. Over the last six quarters, Apple has recorded several small beats. These include 6.09% in January 21, 2025.

Shareholding & Insider Activity

Mercantile Bank Corporation has 16.25 million shares outstanding. The public float is 15.71 million shares, elevated short interest at 0.83% of float. This equals 117.24 thousand shares. The short ratio is 1.58 days. Institutional investors hold 65.52% of the float. Insiders own 3.05%. SECOND CURVE CAPITAL LLC holds 856.00 thousand shares, KAMINSKI ROBERT B has 77.99 thousand shares and MURDOCK CALVIN D has 25.29 thousand shares.

Financial & Profitability Overview

Over the trailing twelve months, Mercantile Bank generated $303.50M in revenue, or $18.95 per share. Gross margin was 100.00%, operating margin 88.84%, and net profit margin 27.09%. Returns are modest, with ROA at 1.53% and ROE at 15.75%.
On valuation metrics, Mercantile Bank trades at a P/E of 10.07, P/S of 2.56 and P/B of 1.31. Liquidity is tight, with a current ratio of 0.22 and quick ratio of 0.22. Debt-to-equity is 0.95, supported by a cash flow-to-debt ratio of 0.07.

Quarterly Financial Highlights

For the quarter ended Dec 31, 2023, Mercantile Bank posted revenue of $303.50M, down slightly from $190.32M in the prior quarter. Gross profit was $303.50M (margin 100.00%). Operating income was $269.63M (margin 88.8%). Net income was$82.22M (EPS $5.13).
The company ended the quarter with - $70.41M in cash and short-term investments, a total debt of $839.95M, and net debt of $709.42M. Total assets were $5.36B, with equity of $522.15M. Financials further reflected stability, with operating cash flow of $75.12M, free cash flow of $64.94M, and capital expenditures of - $10.19M.

Price Forecast & Outlook

Our AI price prediction model suggests that Mercantile Bank Corporation stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 0.43%, with price expected at $56.51 by July 08, 2026, within a range of $55.66 to $57.33 3-Month Outlook: Projected fall of -0.05%, reaching $56.24 by September 22, 2026, with a range of $54.76 to $57.96. 1-Year Outlook: Projected gain of 5.35%, with price at $59.28 by June 24, 2027, within a range of $57.87 to $60.27.

Key Takeaways

Mercantile Bank Corporation (NASDAQ:MBWM) shares are flat 5.26% year-to-date currently trading near 52-week highs band. Short-term momentum has been positive over the last quarter, despite recent volatility. Valuation shows Mercantile Bank Corporation trading at a premium to the broader market with a P/E of 10.07. Analyst sentiment is bullish, with the majority of ratings in Outperform territory and a mean price target of $39.73, suggesting -29.39% downside. Our AI forecast model points to short-term strength (0.43% over two weeks), a medium-term fall (-0.05% over three months), and a longer-term gain (5.35% over one year), with expected trading ranges indicating moderate volatility.

Frequently Asked Questions

What is the current Mercantile Bank Corporation (MBWM) stock price?

Mercantile Bank Corporation (NASDAQ: MBWM) stock price is $56.27 in the last trading session. During the trading session, MBWM stock reached the peak price of $56.52 while $55.26 was the lowest point it dropped to. The percentage change in MBWM stock occurred in the recent session was 0.86% while the dollar amount for the price change in MBWM stock was $0.48.

MBWM's industry and sector of operation?

The NASDAQ listed MBWM is part of Banks - Regional industry that operates in the broader Financial Services sector. Mercantile Bank Corporation designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Who are the executives of MBWM?

Mr. Brett Hoover
Human Resource Director & Senior Vice President
Mr. Robert B. Kaminski Jr.
Pres, Chief Executive Officer & Director
Mr. Charles E. Christmas
Executive Vice President, Chief Financial Officer & Treasurer
Mr. Raymond E. Reitsma
Executive Vice President & Chief Operating Officer
Mr. Robert T. Worthington
Senior Vice President, Chief Risk Officer, Gen. Counsel & Sec.
Mr. Brett E. Hoover
Senior Vice President & HR Director
Mr. Mark S. Augustyn
Senior Vice President & Chief Lending Officer of Mercantile Bank of Michigan
Mr. Jeff Kaiser
Senior Vice President & Head of Risk Management Department

How MBWM did perform over past 52-week?

MBWM's closing price is 31.63% higher than its 52-week low of $42.75 where as its distance from 52-week high of $56.52 is -0.44%.

How many employees does MBWM have?

Number of MBWM employees currently stands at 662.

Link for MBWM official website?

Official Website of MBWM is: https://www.mercbank.com

How do I contact MBWM?

MBWM could be contacted at phone 616 406 3000 and can also be accessed through its website. MBWM operates from 310 Leonard Street NW, Grand Rapids, MI 49504, United States.

How many shares of MBWM are traded daily?

MBWM stock volume for the day was 165K shares. The average number of MBWM shares traded daily for last 3 months was 122.85K.

What is the market cap of MBWM currently?

The market value of MBWM currently stands at $972.03M with its latest stock price at $56.27 and 17.27M of its shares outstanding.

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Employees	662
Beta	0.83
Sales or Revenue	$303.50M
5Y Sales Change%	0.954%
Fiscal Year Ends	December
Sector	Financial Services
Industry	Banks - Regional

MBWM Company Profile and Key Details

Mercantile Bank

Price Chart

Stock Price Today

Stock Snapshot

Relevant Articles

SEC Fillings

Current Report (8-k)

Annual Report (10-k)

Stock Price History Chart

Contact Details

About Company

Company Information

Stock Peers

Company Overview

Technical Performance

Valuation Metrics

Dividend & Fair Value

Earnings & Analyst Outlook

Shareholding & Insider Activity

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Frequently Asked Questions

Financial & Profitability Overview

Quarterly Financial Highlights

Company Overview

Price Forecast & Outlook

Key Takeaways

Valuation Metrics