Mercantile Bank Corporation(MBWM)Earnings, Financials & Key RatiosMercantile Bank Corporation (MBWM) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q1
while the bank shows a promising 15.1% growth in net interest income, the current 10.46 P/E ratio and 0.8% net interest margin suggest limited upside until operating efficiency improves from the recent 43.0% level.
Mercantile Bank Corporation (MBWM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Mercantile Bank Corporation (MBWM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $1.46vs $1.33+9.8% | $68Mvs $67M+0.3% |
| Q1 2026 | Feb 27, 2026 | $1.40 | $93M |
| Q1 2026 | Jan 20, 2026 | $1.40vs $1.37+2.2% | $62Mvs $62M+0.2% |
| Q4 2025 | Oct 21, 2025 | $1.46vs $1.38+5.8% | $62Mvs $61M+1.7% |
Recent stock market news and headlines for Mercantile Bank Corporation (MBWM)
GRAND RAPIDS, Mich., June 30, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Key metrics vs top competitors for Mercantile Bank Corporation (MBWM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $57.93 | $1B | 10.61 | 2.74% | 23.87% | 13.56% | 2.54% | |
| $35.90 | $739.76M | 10.98 | -0.3% | 22.54% | 14.15% | — | |
| $23.10 | $222.78M | 15.82 | -9.41% | 16.49% | 8% | — | |
| $44.21 | $1.23B | 13.99 | 3.58% | 18.28% | 10.19% | — | |
| $57.89 | $52.47B | 16.35 | -1.4% | 15.91% | 8.86% | — | |
| $17.89 | $36.27B | 12.87 | 4.38% | 16.63% | 8.81% | — |
Mercantile Bank Corporation (MBWM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Mercantile Bank Corporation (MBWM) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 21, 2026·SEC
Apr 21, 2026·SEC
Mar 19, 2026·SEC
Get notified when MBWM posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Mercantile Bank Corporation (MBWM) stock FAQ — growth, dividends, profitability & financials explained
Mercantile Bank Corporation (MBWM) grew revenue by 2.7% over the past year. Growth has been modest.
Yes, Mercantile Bank Corporation (MBWM) is profitable, generating $91.9M in net income for fiscal year 2025 (23.9% net margin).
Yes, Mercantile Bank Corporation (MBWM) pays a dividend with a yield of 2.54%. This makes it attractive for income-focused investors.
Mercantile Bank Corporation (MBWM) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.
Mercantile Bank Corporation (MBWM) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.
Mercantile Bank Corporation (MBWM) has an efficiency ratio of 36.6%. This is excellent, indicating strong cost control.
