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MBMercantile Bank Corporation logo

Mercantile Bank Corporation (MBWM)

NASDAQ Global Select · Currency in USD
$61.09 ▲ +0.67 (+1.11%)
At close: Oct 23, 4:00 PM ET. Market closed.
$60.97 ▼ -0.12 (-0.20%)
After hours: Oct 23, 7:55 PM ET

Summary

Previous Close
$60.42
Open
$60.41
Day's Range
$59.86 – $61.46
52 Week Range
$42.88 – $62.95
Volume
174,634
Avg. Volume
126,315
Market Cap
$1.06B
Beta (5Y Monthly)
0.84
PE Ratio (TTM)
10.89
EPS (TTM)
$5.53
Earnings Date
Jan 19, 2027
Forward Dividend & Yield
$1.60 (2.62%)
Ex-Dividend Date
Dec 4, 2026
1y Target Est
$64.00

Profile: Mercantile Bank Corporation

Sector
Financial Services
Industry
Banks - Regional
Full-time employees
765
CEO
Raymond E. Reitsma

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.

Earnings

Next report: Tue, Jan 19, 2027
EPS estimate $1.39 · Revenue est. $72.82M
DateEst.Actual
Oct 20, 2026$1.35$1.42Beat
Jul 21, 2026$1.32$1.53Beat
Apr 21, 2026$1.26$1.32Beat
Jan 20, 2026$1.37$1.40Beat
Oct 21, 2025$1.38$1.46Beat
Jul 22, 2025$1.23$1.39Beat

Analyst view

Consensus price target
$64.00 ▲ +4.8%
Range $62.00 – $65.00
Rating: Buy
Buy 63% · Hold 38% · Sell 0%

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Data: Financial Modeling Prep. For information only, not investment advice.