Mercantile Bank Corporation
MBWM
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Mercantile Bank Corporation is well-positioned in the regional banking sector, benefiting from a strong revenue growth of 18.9% year-over-year, indicating robust demand for its services.
- In the most recent quarter, MBWM reported a revenue increase of 2% compared to the previous quarter, reaching $69 million.
- The company's net income for 2026-Q2 was $25.927 million, up from $22.685 million in 2026-Q1, showcasing a positive trend in profitability.
- Despite its growth, MBWM has a trailing P/E ratio of 10.34, which may suggest that the stock is undervalued but also reflects market skepticism about future earnings potential.
- The company's recommendation is currently 'hold', indicating that analysts see limited upside in the near term.
- MBWM's beta of 0.842 suggests it is less volatile than the market, but this could also mean it may not capitalize on market upswings as effectively.
Fundamentals
| Market cap | $1.01B | Enterprise value | $1.36B | Trailing P/E | 10.23 | Forward P/E | 10.13 |
| PEG | 1.63 | Price / book | 1.33 | Beta | 0.84 | Dividend yield | 2.68% |
| Revenue growth | 18.9% | Earnings growth | 7.9% | Gross margin | 0.0% | Operating margin | 45.6% |
| Profit margin | 36.1% | ROE | 13.7% | ROA | 1.5% | Debt / equity | — |
| Current ratio | — | Free cash flow | — | Analyst recommendation | hold | Mean target | $63.17 |
| 52w high | $62.95 | 52w low | $42.75 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $68.8M | $67.6M | $62.1M | $62.4M | $60.9M | — |
| Op margin | — | — | — | — | — | — |
| Net income | $25.9M | $22.7M | $22.8M | $23.8M | $22.6M | — |
| Gross margin | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
- Revenue +2% vs prior quarter ($69M vs $68M).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $243M | $231M | $226M | $190M | — |
| Op margin | — | — | — | — | — |
| Net income | $88.8M | $79.6M | $82.2M | $61.1M | — |
| Gross margin | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · Why Mercantile Bank (MBWM) is a Top Dividend Stock for Your Portfolio
2026-09-30 · Mercantile Bank Corporation Announces Third Quarter 2026 Results Conference Call and Webcast
2026-09-23 · MERCANTILE BANK HELPS DELIVER $150,000 FOR AFFORDABLE HOUSING INITIATIVES ACROSS MICHIGAN
2026-09-21 · Mercantile Bank (MBWM) is a Top Dividend Stock Right Now: Should You Buy?
2026-07-31 · Earnings Beat And Higher Dividend Could Be A Game Changer For Mercantile Bank (MBWM)
2026-07-22 · Mercantile Bank Corporation Q2 2026 Earnings Call Summary
2026-07-22 · Hovde Group Downgrades Mercantile Bank to Market Perform From Outperform, Price Target is $62
2026-07-22 · Mercantile Bank (MBWM) Looks Fully Valued Following Stronger 2026 Earnings
2026-07-21 · Mercantile Bank Corp (MBWM) Q2 2026 Earnings Call Highlights: Strong Financial Performance and ...
2026-07-21 · Mercantile Bank Q2 Earnings Call Highlights
2026-07-21 · Compared to Estimates, Mercantile Bank (MBWM) Q2 Earnings: A Look at Key Metrics
2026-07-21 · Mercantile Bank (MBWM) Surpasses Q2 Earnings Estimates
Price (daily)
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