Mercantile Bank Corporation (MBWM)
NASDAQ: MBWMFinancial ServicesBanks - RegionalUSD
At close: Oct 7, 4:00 PM ET · Delayed 15 min
MBWM stock chart
Technical analysisKey statistics
All statistics- Market cap
- $1.00B
- P/E (TTM)
- 10.20
- Forward P/E
- 10.08
- EPS (TTM)
- $5.69
- Dividend yield
- 2.65% ($1.54)
- Ex-dividend date
- Sep 4, 2026
- 52-week range
- 42.75 – 62.95
- Day range
- 57.65 – 59.50
- Volume / Avg
- 111.36K / 118.02K
- Beta
- —
- Shares outstanding
- 17.29M
- Next earnings
- Oct 20, 2026
52-week range
MBWM stock today
Shares of Mercantile Bank (MBWM) finished lower on Oct 7 at $58.03, a drop of 1.36% or $0.80 per share, versus the S&P 500's 0.22% decline. Shares are 7.8% below their 52-week high of $62.95, set on Sep 16, 2026 and 35.7% above the 52-week low of $42.75, in the middle of the past year's range. MBWM is up 20.6% year to date, outperforming the S&P 500 (+14.0%). Over the past 12 months, the stock has gained 28.0%.
At 10.2x trailing earnings, Mercantile Bank trades below the peer-group median of 12.5x. Its forward P/E of 10.1x is lower than the trailing multiple, which means analysts expect earnings to rise over the next year. The company is scheduled to report Sep/2026 results on Oct 20 before the market opens; analysts expect EPS of $1.35. Mercantile Bank pays an annual dividend of $1.54 per share, a 2.65% yield at the current price.
Summary generated from market data by MetaCap's automated system. Methodology
About Mercantile Bank
Company profileMercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides 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; 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.
- Sector
- Financial Services
- Industry
- Banks - Regional
- CEO
- Mr. Raymond E. Reitsma
- Headquarters
- Grand Rapids, MI
- Employees
- 827
- IPO year
- 1998
- Website
- mercbank.com
Analyst forecast
ForecastConsensus (6 analysts)
none
Avg. price target
$63.17+8.86%
- Strong buy 2
- Buy 0
- Hold 4
- Sell 0
- Strong sell 0
Target range
Ratings and targets reflect third-party analyst opinions, not MetaCap recommendations.
Earnings
Earnings history- Next report
- Oct 20, 2026
- EPS estimate
- $1.35
Dividends
Dividend history- Annual dividend
- $1.54
- Dividend yield
- 2.65%
- Last payment
- $0.40
- Ex-dividend date
- Sep 4, 2026
Mercantile Bank peers
Financial Services sector| Company | Price | % Chg | Market cap | Compare |
|---|---|---|---|---|
| CFFNCapitol Federal Financial Inc. | 8.42 | -1.17% | $1.04B | vs MBWM |
| FSBCFive Star Bancorp | 42.35 | -2.24% | $1.04B | vs MBWM |
| MCBSMetroCity Bankshares Inc. | 34.56 | -0.86% | $994.68M | vs MBWM |
| BFSTBusiness First Bancshares Inc. | 30.44 | -0.98% | $990.82M | vs MBWM |
| HBNCHorizon Bancorp Inc. | 19.28 | -0.16% | $989.92M | vs MBWM |
| CCNECNB Financial Corporation | 33.35 | -1.42% | $987.86M | vs MBWM |
| NBBKNB Bancorp Inc. | 22.27 | -0.85% | $975.84M | vs MBWM |
| EQBKEquity Bancshares Inc. Class A | 47.00 | -1.05% | $967.85M | vs MBWM |
Indexes, lists and sector
Appears in lists
Largest Financial Services stocks
Mercantile Bank stock FAQ
What is Mercantile Bank's stock price today?
MBWM last traded at $58.03 as of Oct 7, 4:00 PM EDT, down 1.36% on the day. Prices are delayed at least 15 minutes.
Does Mercantile Bank pay a dividend?
Yes. Mercantile Bank pays $1.54 per share annually, a 2.65% yield. The most recent dividend of $0.40 had an ex-dividend date of Sep 4, 2026.
When is Mercantile Bank's next earnings date?
Mercantile Bank is expected to report earnings on Tuesday, October 20, 2026. Analysts expect EPS of $1.35.
What is MBWM's P/E ratio?
MBWM trades at a trailing P/E ratio of 10.20 and a forward P/E of 10.08, compared with a median of 12.5 for its closest peers.
Who is Mercantile Bank's CEO?
Mr. Raymond E. Reitsma is the chief executive officer of Mercantile Bank Corporation, which has about 827 employees.
Has MBWM ever split its stock?
Yes. The most recent MBWM stock split was a 105-for-100 split on Apr 19, 2007, one of 6 splits on record.
What is the MBWM 52-week high?
The 52-week high for MBWM is $62.95 and the 52-week low is $42.75. The stock is currently 7.8% below its high.