Next earnings date: 13 Oct 2025
Mercantile Bank Corporation – NASDAQ:MBWM
Mercantile Bank stock price today
$47.35
+2.56
+5.72%
Financial Health
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Market open
Closed in about 5 hours
Mercantile Bank stock price monthly change
+5.39%
month
Mercantile Bank stock price quarterly change
+5.39%
quarter
Mercantile Bank stock price yearly change
+7.36%
year
Mercantile Bank key metrics
Market Cap | 726.86M |
Enterprise value | 950.83M |
P/E | 9.03 |
EV/Sales | 2.85 |
EV/EBITDA | 8.56 |
Price/Sales | 2.16 |
Price/Book | 1.23 |
PEG ratio | 3.98 |
EPS | 5.16 |
Revenue | 274.79M |
EBITDA | 43.78B |
Income | 82.80M |
Revenue Q/Q | 58.29% |
Revenue Y/Y | 33.72% |
Profit margin | 24% |
Oper. margin | 31.09% |
Gross margin | -19662.45% |
EBIT margin | 31.09% |
EBITDA margin | 15933.34% |
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Sign up for freeMercantile Bank stock price history
Mercantile Bank stock forecast
Mercantile Bank financial statements
| Jun 2023 | 55.19M | 20.35M | 36.88% |
|---|---|---|---|
| Sep 2023 | 58.20M | 20.85M | 35.83% |
| Dec 2023 | 73.80M | 20.03M | 27.14% |
| Mar 2024 | 87.59M | 21.56M | 24.62% |
| Mar 2024 | 87.59M | 21.56M | 24.62% |
|---|---|---|---|
| Sep 2025 | 57.95M | 18.61M | 32.11% |
| Oct 2025 | 58.01M | 18.45M | 31.81% |
| Dec 2025 | 57.90M | 18.17M | 31.39% |
Analysts Price target
Financials & Ratios estimates
3.17%
Yield TTM
| Payout ratio | 27.64% |
|---|
| 2019 | 2.86% |
|---|---|
| 2020 | 4.06% |
| 2021 | 3.31% |
| 2022 | 3.69% |
| 2023 | 3.25% |
| Jun 2023 | 5137587000 | 4.65B | 90.68% |
|---|---|---|---|
| Sep 2023 | 5251012000 | 4.76B | 90.8% |
| Dec 2023 | 5360056000 | 4.83B | 90.26% |
| Mar 2024 | 5465953000 | 4.92B | 90.18% |
| Jun 2023 | 19.40M | -88.18M | 218.64M |
|---|---|---|---|
| Sep 2023 | 36.44M | -51.72M | 73.47M |
| Dec 2023 | -352K | -205.82M | 70.72M |
| Mar 2024 | 33.93M | -6.86M | 79.63M |
Mercantile Bank alternative data
| Aug 2023 | 601 |
|---|---|
| Sep 2023 | 665 |
| Oct 2023 | 665 |
| Nov 2023 | 643 |
| Dec 2023 | 643 |
| Jan 2024 | 643 |
| Feb 2024 | 651 |
| Mar 2024 | 631 |
| Apr 2024 | 631 |
| May 2024 | 642 |
| Jun 2024 | 642 |
| Jul 2024 | 642 |
Mercantile Bank other data
37.94%
-18.53%
of MBWM is owned by hedge funds
80
-49
6.01M
-2.93M
shares is hold by hedge funds
What is insider trading?
| Period | Buy | Sel |
|---|---|---|
| Mar 2024 | 100 | 0 |
| Jun 2024 | 547 | 0 |
| Jul 2024 | 0 | 10250 |
| Aug 2024 | 0 | 5250 |
| Sep 2024 | 0 | 250 |
| Oct 2024 | 0 | 250 |
| Nov 2024 | 0 | 10050 |
| Dec 2024 | 0 | 250 |
| Transaction | Date | Insider | Security | Shares | Price per share | Total value | Source |
|---|---|---|---|---|---|---|---|
Sale | KAMINSKI ROBERT B director | Common Stock | 250 | $49.6 | $12,400 | ||
Sale | KAMINSKI ROBERT B director | Common Stock | 5,800 | $51.75 | $300,150 | ||
Sale | KAMINSKI ROBERT B director | Common Stock | 4,000 | $49.51 | $198,040 | ||
Sale | KAMINSKI ROBERT B director | Common Stock | 250 | $42.51 | $10,628 | ||
Sale | KAMINSKI ROBERT B director | Common Stock | 250 | $41.77 | $10,443 | ||
Sale | KAMINSKI ROBERT B director | Common Stock | 250 | $46.05 | $11,513 | ||
Sale | PRICE MICHAEL H director | Common Stock | 3,000 | $45.58 | $136,740 | ||
Sale | PRICE MICHAEL H director | Common Stock | 2,000 | $45.56 | $91,120 | ||
Sale | KAMINSKI ROBERT B director | Common Stock | 250 | $43.66 | $10,915 | ||
Sale | KAMINSKI ROBERT B director | Common Stock | 2,000 | $48.01 | $96,020 |
| Quarter | Transcript |
|---|---|
| Q1 2024 16 Apr 2024 | Q1 2024 Earnings Call Transcript |
| Q4 2023 16 Jan 2024 | Q4 2023 Earnings Call Transcript |
| Q3 2023 17 Oct 2023 | Q3 2023 Earnings Call Transcript |
| Q2 2023 18 Jul 2023 | Q2 2023 Earnings Call Transcript |
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What's the price of Mercantile Bank stock today?
One share of Mercantile Bank stock can currently be purchased for approximately $47.35.
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When is Mercantile Bank's next earnings date?
Mercantile Bank Corporation is estimated to report earnings on Monday, 13 Oct 2025.
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Does Mercantile Bank pay dividends?
Yes, Mercantile Bank pays dividends and its trailing 12-month yield is 3.17% with 28% payout ratio. The last Mercantile Bank stock dividend of $0.3 was paid on 15 Dec 2021.
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How much money does Mercantile Bank make?
Mercantile Bank has a market capitalization of 726.86M and it's past years’ income statements indicate that its last revenue has increased compared to the previous period by 14.54% to 217.99M US dollars.
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What is Mercantile Bank's stock symbol?
Mercantile Bank Corporation is traded on the NASDAQ under the ticker symbol "MBWM".
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What is Mercantile Bank's primary industry?
Company operates in the Financial Services sector and Banks - Regional industry.
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How do i buy shares of Mercantile Bank?
Shares of Mercantile Bank can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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Who are Mercantile Bank's key executives?
Mercantile Bank's management team includes the following people:
- Mr. Robert B. Kaminski Jr. Pres, Chief Executive Officer & Director(age: 63, pay: $801,900)
- Mr. Raymond E. Reitsma Executive Vice President(age: 62, pay: $579,260)
- Mr. Charles E. Christmas Executive Vice President, Chief Financial Officer & Treasurer(age: 59, pay: $554,030)
- Ms. Lonna L. Wiersma Senior Vice President & Human Resource Director(age: 65, pay: $387,050)
- Mr. Robert T. Worthington Senior Vice President, Chief Operating Officer, Gen. Counsel & Sec.(age: 50, pay: $359,540)
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How many employees does Mercantile Bank have?
As Jul 2024, Mercantile Bank employs 642 workers, which is 2% more then previous quarter.
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When Mercantile Bank went public?
Mercantile Bank Corporation is publicly traded company for more then 26 years since IPO on 20 Jul 1999.
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What is Mercantile Bank's official website?
The official website for Mercantile Bank is mercbank.com.
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Where are Mercantile Bank's headquarters?
Mercantile Bank is headquartered at 310 Leonard Street NW, Grand Rapids, MI.
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How can i contact Mercantile Bank?
Mercantile Bank's mailing address is 310 Leonard Street NW, Grand Rapids, MI and company can be reached via phone at +61 64063000.
Mercantile Bank company profile:
Mercantile Bank Corporation
mercbank.comExchange:
NASDAQ
Full time employees:
653
Industry:
Banks - Regional
Sector:
Financial Services
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
310 Leonard Street NW
Grand Rapids, MI 49504
Grand Rapids, MI 49504
CIK: 0001042729
ISIN: US5873761044
CUSIP: 587376104
