Mercantile Bank Corp (MBWM) Stock Price

MBWMStock

$58.61+35.86%52W

Market Cap$1.01B

P/E11.42x

PEG Ratio1.63

Div yield3.89%

Beta0.85

MBWM Share Price Chart

Favorite Metrics

Price vs S&P 500 (26W)-0.42%

Price vs S&P 500 (4W)-0.45%

PEG Ratio1.63

VGM Score52.18

P/E Ratio (Annual)11.42x

Indicated Dividend Yield (Annual)3.89%

P/CF (Annual)56.37x

Book Value / Share (Quarterly)$43.68

P/TBV (Annual)1.11x

Indicated Dividend (Annual)$1.60

Revenue Growth (3Y)4.72%

Cash Flow / Share (Quarterly)$3.95

Payout Ratio (TTM)26.69%

Price vs S&P 500 (YTD)9.92%

Net Profit Margin (TTM)36.97%

EPS (TTM)$5.68

10-Day Avg Trading Volume0.11M

EPS Excl Extra (TTM)$5.68

Revenue Growth (5Y)7.69%

EPS (Annual)$5.47

Dividend / Share (Annual)$1.44

ROI (Annual)7.87%

Net Profit Margin (5Y Avg)30.86%

Cash / Share (Quarterly)$4.03

P/E Basic Excl Extra (TTM)10.64x

Revenue Growth QoQ (YoY)47.84%

EPS Growth (5Y)15.10%

P/E Normalized (Annual)11.42x

ROA (Last FY)1.30%

Revenue Growth TTM (YoY)59.29%

EBITD / Share (TTM)$8.61

ROE (5Y Avg)13.67%

Operating Margin (TTM)45.93%

Cash Flow / Share (Annual)$0.65

P/B Ratio1.34x

P/B Ratio (Quarterly)1.31x

Net Income / Employee (Annual)$119,300

ROA (TTM)1.42%

EPS Growth QoQ (YoY)7.75%

EV / EBITDA (TTM)11.46x

EPS Incl Extra (Annual)$5.47

3-Month Avg Trading Volume0.13M

52-Week Price Return35.86%

EV / Free Cash Flow (Annual)124.61x

P/E Incl Extra (TTM)10.64x

Tangible BV / Share (Quarterly)$42.68

P/S Ratio (Annual)2.94x

52-Week High$62.95

EPS Excl Extra (Annual)$5.47

CapEx CAGR (5Y)-5.55%

Tangible BV CAGR (5Y)13.77%

26-Week Price Return9.49%

13-Week Price Return1.40%

Total Debt / Equity (Annual)0.56x

Enterprise Value$1.40B

Revenue / Share Growth (5Y)8.98%

Book Value / Share Growth (5Y)9.27%

Revenue / Employee (Annual)$320,946,000,000

Pretax Margin (Annual)39.82%

Cash / Share (Annual)$3.87

3-Month Return Std Dev19.89%

Net Income / Employee (TTM)$128,000

EBITDA CAGR (5Y)10.55%

EBITDA Interim CAGR (5Y)15.40%

ROE (Last FY)12.24%

EPS Basic Excl Extra (Annual)$5.47

P/FCF (TTM)14.86x

EV / Free Cash Flow (TTM)20.48x

Total Debt / Equity (Quarterly)0.51x

EPS Incl Extra (TTM)$5.68

ROI (TTM)8.58%

Dividend Growth Rate (5Y)5.59%

P/S Ratio (TTM)2.47x

Pretax Margin (5Y Avg)38.21%

Revenue / Share (Annual)$12.00

Tangible BV / Share (Annual)$41.00

Forward P/E10.27x

Free OCF CAGR (5Y)-17.26%

Price vs S&P 500 (52W)20.33%

P/E Ratio (TTM)10.64x

EPS Growth TTM (YoY)12.98%

Year-to-Date Return21.85%

5-Day Price Return0.55%

EPS Normalized (Annual)$5.47

ROA (5Y Avg)1.31%

Net Profit Margin (Annual)32.08%

Month-to-Date Return0.50%

Cash Flow / Share (TTM)$6.00

EBITD / Share (Annual)$6.73

EPS Growth (3Y)12.46%

Operating Margin (Annual)39.82%

LT Debt / Equity (Annual)0.24x

P/CF (TTM)14.01x

ROI (5Y Avg)8.40%

P/E Excl Extra (TTM)10.64x

LT Debt / Equity (Quarterly)0.22x

EPS Basic Excl Extra (TTM)$5.68

P/TBV (Quarterly)1.34x

Payout Ratio (Annual)26.99%

P/B Ratio (Annual)1.08x

Dividend / Share (TTM)$1.52

Pretax Margin (TTM)45.93%

Book Value / Share (Annual)$42.19

Price vs S&P 500 (13W)-1.28%

Net Margin Growth (5Y)4.84%

Dividend Yield (TTM)2.51%

Beta0.85x

P/FCF (Annual)90.39x

Revenue / Share (TTM)$14.22

ROE (TTM)13.25%

52-Week Low$42.75

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MBWM Earnings Surprise History

Quarter	Report date	EPS estimate	EPS actual	Surprise
Q2 2026	Jul 21, 2026	$1.33	$1.53	+14.89%(+$0.20)
Q1 2026	Apr 21, 2026	$1.31	$1.46	+11.31%(+$0.15)
Q4 2025	Jan 20, 2026	$1.37	$1.40	+2.49%(+$0.03)
Q3 2025	Oct 21, 2025	$1.38	$1.46	+5.95%(+$0.08)
Q2 2025	Jul 22, 2025	$1.25	$1.39	+10.76%(+$0.14)

MBWM Analyst Recommendations

Jun 2026

Jul 2026

Aug 2026

Sep 2026

3.83

Industry Peers — State Banks(190)

Symbol	Value Score	Growth Score	Momentum Score	P/B Ratio (Quarterly)	ROE (TTM)	ROA (TTM)	Net Interest Coverage (TTM)	Price
MBWMMercantile Bank Corp	C	C	B	1.3x	13.3%	1.4%	—	$58.61
BNSBank of Nova Scotia	D	C	A	1.7x	11.4%	0.7%	—	$91.60
ITUBItau Unibanco Holding S.A. American Depositary Shares	B	D	C	2.2x	22.1%	1.5%	—	$9.44
BNYBank of New York Mellon Corporation	F	C	C	2.3x	14.8%	1.3%	—	$143.30
DBDeutsche Bank Aktiengesellschaft	A	C	D	0.7x	9.3%	0.5%	—	$32.57
XLFState Street Financial Select Sector SPDR ETF	—	—	C	—	—	—	—	$55.52
FITBFifth Third Bancorp	D	C	D	1.2x	8.9%	0.9%	—	$50.37
STTState Street Corporation	C	B	C	1.7x	13.1%	0.9%	—	$165.72
BBDBanco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares)	B	C	C	1.0x	14.3%	1.1%	—	$3.96
BBDOBanco Bradesco S.A. American Depositary Shares (Each representing one Common Share, no par value)	B	C	C	1.0x	14.3%	1.1%	—	$3.55
MTBM&T Bank Corp.	B	B	D	1.2x	10.7%	1.4%	—	$215.28
NTRSNorthern Trust Corp	D	C	C	2.4x	17.1%	1.3%	—	$165.54
CFGCitizens Financial Group, Inc.	C	C	D	1.1x	8.1%	0.9%	—	$63.36
FCNCAFirst Citizens BancShares Inc	C	B	B	1.1x	10.7%	1.0%	—	$2123.74
EWBCEast-West Bancorp Inc	C	B	C	1.9x	16.2%	1.8%	—	$126.88
ALLYAlly Financial Inc.	A	C	F	0.9x	9.4%	0.7%	—	$37.68
BPOPPopular Inc	C	C	B	1.6x	15.4%	1.3%	—	$158.89
SSBSouthState Bank Corporation	C	B	C	1.1x	10.5%	1.4%	—	$102.06
WTFCWintrust Financial Corp	B	B	D	1.4x	12.3%	1.3%	—	$144.08
PBProsperity Bancshares Inc	D	D	D	0.9x	7.1%	1.4%	—	$67.79
WALWestern Alliance Bancorporation	B	B	D	1.1x	12.9%	1.0%	—	$74.51
COLBColumbia Banking Systems Inc	B	C	D	1.2x	9.2%	1.1%	—	$28.44
CBCCentral Bancompany, Inc. Class A Common Stock	F	B	A	1.9x	11.7%	2.1%	—	$33.42
CBSHCommerce Bancshares Inc	C	D	C	1.9x	14.4%	1.7%	—	$55.69
UBSIUnited Bankshares Inc	C	C	B	1.1x	9.4%	1.5%	—	$46.69
HWCHancock Whitney Corporation Common Stock	C	C	C	1.4x	9.6%	1.2%	—	$73.03
HOMBHome BancShares, Inc.	C	D	C	1.2x	10.9%	2.0%	—	$29.20
GBCIGlacier Bancorp Inc	D	C	D	1.6x	7.6%	1.0%	—	$43.83
ASBAssociated Banc-Corp	B	C	C	0.9x	9.9%	1.1%	—	$28.96
AUBAtlantic Union Bankshares Corporation	C	B	D	1.2x	9.7%	1.3%	—	$38.11
ABCBAmeris Bancorp	C	C	D	1.5x	9.3%	1.4%	—	$79.72
FFINFirst Financial Bankshares Inc	D	D	F	2.5x	14.3%	1.8%	—	$30.47
SFBSServisFirst Bancshares Inc.	D	B	D	2.4x	17.1%	1.8%	—	$39.36
IBOCInternational Bancshares Corp	C	C	D	1.4x	12.7%	2.5%	—	$67.34
FBPFirst BanCorp.	C	C	B	2.0x	19.0%	1.9%	—	$27.37
UCBUnited Community Banks, Inc.	C	B	C	1.1x	10.3%	1.3%	—	$34.09
CATYCathay General Bancorp	C	C	C	1.4x	11.7%	1.4%	—	$59.96
TCBITexas Capital Bancshares, Inc. Common Stock, par value $0.01 per share	C	C	D	1.2x	10.0%	1.1%	—	$91.15
CVBFCVB Financial Corp	C	D	C	1.3x	8.2%	1.2%	—	$21.87
INDBIndependent Bank Corp/MA	C	C	C	1.2x	7.7%	1.1%	—	$79.88
RNSTRenasant Corporation	C	B	C	1.0x	8.1%	1.2%	—	$39.91
FIBKFirst Interstate BancSystem, Inc. Common Stock (DE)	B	B	D	1.1x	9.6%	1.2%	—	$34.82
MCHBMechanics Bancorp Class A Common Stock	D	C	D	1.2x	9.9%	1.2%	—	$14.35
SBCFSeacoast Banking Corp of Florida	D	B	C	1.1x	5.6%	0.8%	—	$32.54
FHBFirst Hawaiian, Inc. Common Stock	B	D	D	1.3x	10.3%	1.2%	—	$24.95
BOHBank of Hawaii Corp.	C	C	D	1.7x	12.8%	1.0%	—	$67.23
FBKFB Financial Corporation	D	B	F	1.3x	12.0%	1.4%	—	$51.54
CUBICUSTOMERS BANCORP INC	B	B	C	1.2x	13.6%	1.1%	—	$74.78
FBNCFirst Bancorp/NC	D	B	C	1.5x	8.0%	1.0%	—	$60.36
BUSEFirst Busey Corporation Class A Common Stock	B	C	B	1.0x	9.5%	1.3%	—	$29.43
SYBTStock Yards Bancorp, Inc.	D	C	C	1.8x	13.4%	1.6%	—	$76.69

About Mercantile Bank Corp

Mercantile Bank Corp is a bank holding company providing commercial banking services to individuals, businesses, government entities, and institutions. The company offers deposit products including checking and savings accounts, as well as lending services such as commercial loans, residential mortgages, and installment loans. Revenue is generated primarily through interest and dividends earned on its loan and investment portfolios.