Mercantile Bank Corp (MBWM) Stock Price

MBWMStock

$60.21+21.12%52W

Market Cap$1.04B

P/E11.96x

PEG Ratio1.63

Div yield3.89%

Beta0.85

MBWM Share Price Chart

Favorite Metrics

Price vs S&P 500 (26W)3.02%

Price vs S&P 500 (4W)-2.38%

PEG Ratio1.63

VGM Score51.59

P/E Ratio (Annual)11.96x

Indicated Dividend Yield (Annual)3.89%

P/CF (Annual)59.05x

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)12.36%

Net Profit Margin (TTM)36.97%

EPS (TTM)$5.68

10-Day Avg Trading Volume0.08M

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)11.15x

Revenue Growth QoQ (YoY)47.84%

EPS Growth (5Y)15.10%

P/E Normalized (Annual)11.96x

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 Ratio1.41x

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 Return21.12%

EV / Free Cash Flow (Annual)128.92x

P/E Incl Extra (TTM)11.15x

Tangible BV / Share (Quarterly)$42.68

P/S Ratio (Annual)2.94x

52-Week High$62.39

EPS Excl Extra (Annual)$5.47

CapEx CAGR (5Y)-5.55%

Tangible BV CAGR (5Y)13.77%

26-Week Price Return14.95%

13-Week Price Return13.97%

Total Debt / Equity (Annual)0.56x

Enterprise Value$1.45B

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 Dev23.31%

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)15.56x

EV / Free Cash Flow (TTM)21.19x

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/E10.48x

Free OCF CAGR (5Y)-17.26%

Price vs S&P 500 (52W)2.56%

P/E Ratio (TTM)11.15x

EPS Growth TTM (YoY)12.98%

Year-to-Date Return25.18%

5-Day Price Return-0.17%

EPS Normalized (Annual)$5.47

ROA (5Y Avg)1.31%

Net Profit Margin (Annual)32.08%

Month-to-Date Return0.22%

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)14.67x

ROI (5Y Avg)8.40%

P/E Excl Extra (TTM)11.15x

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)12.01%

Net Margin Growth (5Y)4.84%

Dividend Yield (TTM)2.39%

Beta0.85x

P/FCF (Annual)94.69x

Revenue / Share (TTM)$14.22

ROE (TTM)13.25%

52-Week Low$42.75

vGradeC

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mGradeB

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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

May 2026

Jun 2026

Jul 2026

Aug 2026

3.83

Industry Peers — State Banks(189)

Symbol	Value Score	Growth Score	Momentum Score	Price
MBWMMercantile Bank Corp	C	C	B	$60.21
BNSBank of Nova Scotia	C	C	A	$92.39
BNYBank of New York Mellon Corporation	F	B	A	$162.50
ITUBItau Unibanco Holding S.A. American Depositary Shares	B	D	D	$7.50
DBDeutsche Bank Aktiengesellschaft	A	C	B	$40.36
STTState Street Corporation	C	B	A	$193.33
XLFState Street Financial Select Sector SPDR ETF	—	—	C	$58.10
FITBFifth Third Bancorp	D	C	C	$54.54
BBDBanco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares)	A	D	D	$3.25
MTBM&T Bank Corp.	C	B	C	$237.29
NTRSNorthern Trust Corp	D	C	B	$186.79
BBDOBanco Bradesco S.A. American Depositary Shares (Each representing one Common Share, no par value)	A	D	D	$3.03
CFGCitizens Financial Group, Inc.	C	C	B	$69.71
FCNCAFirst Citizens BancShares Inc	C	B	C	$2194.07
EWBCEast-West Bancorp Inc	C	B	C	$129.44
ALLYAlly Financial Inc.	A	C	D	$42.18
BPOPPopular Inc	C	C	B	$169.75
WTFCWintrust Financial Corp	B	B	D	$152.95
SSBSouthState Bank Corporation	C	B	C	$105.98
PBProsperity Bancshares Inc	D	D	D	$72.30
WALWestern Alliance Bancorporation	B	B	D	$78.53
COLBColumbia Banking Systems Inc	B	C	D	$30.07
CBSHCommerce Bancshares Inc	C	D	D	$58.04
CBCCentral Bancompany, Inc. Class A Common Stock	D	C	A	$32.60
UBSIUnited Bankshares Inc	C	C	C	$47.60
GBCIGlacier Bancorp Inc	D	C	D	$46.88
HWCHancock Whitney Corporation Common Stock	C	C	C	$75.07
HOMBHome BancShares, Inc.	C	D	D	$29.62
ASBAssociated Banc-Corp	B	C	C	$30.92
AUBAtlantic Union Bankshares Corporation	C	B	D	$40.66
ABCBAmeris Bancorp	D	C	D	$85.59
FFINFirst Financial Bankshares Inc	D	D	F	$33.39
SFBSServisFirst Bancshares Inc.	D	B	D	$43.20
IBOCInternational Bancshares Corp	C	C	F	$70.93
TCBITexas Capital Bancshares, Inc.	C	C	D	$98.64
FBPFirst BanCorp.	C	C	B	$28.01
UCBUnited Community Banks, Inc.	B	B	D	$35.18
CATYCathay General Bancorp	C	C	C	$61.87
CVBFCVB Financial Corp	D	D	D	$22.19
INDBIndependent Bank Corp/MA	C	C	D	$82.06
RNSTRenasant Corporation	C	B	D	$41.09
FIBKFirst Interstate BancSystem, Inc. Common Stock (DE)	B	B	D	$37.04
MCHBMechanics Bancorp Class A Common Stock	D	C	C	$15.89
SBCFSeacoast Banking Corp of Florida	D	B	C	$34.37
FHBFirst Hawaiian, Inc. Common Stock	B	D	F	$25.79
BOHBank of Hawaii Corp.	C	C	D	$77.29
FBKFB Financial Corporation	D	B	D	$57.85
CUBICUSTOMERS BANCORP INC	B	B	D	$78.58
FBNCFirst Bancorp/NC	D	C	C	$63.99
BUSEFirst Busey Corporation Class A Common Stock	B	C	B	$30.29
SYBTStock Yards Bancorp, Inc.	D	C	C	$79.84

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.