Mercantile Bank (MBWM) Upgraded to Buy: Here's Why
Mercantile Bank (MBWM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Zacks Investment Research10/26/2026Positive
MBWM
Mercantile Bank CorporationNASDAQFINANCIAL SERVICESBANKS - REGIONAL
Key Statistics
Market Cap
$1.05B
P/E Ratio
10.78
EPS
$5.62
Beta
0.83
52W High
$63.41
52W Low
$41.75
50-Day MA
$59.83
200-Day MA
$55.65
Dividend Yield
2.59%
Profit Margin
34.80%
Forward P/E
10.87
PEG Ratio
1.63
About Mercantile Bank Corporation
Mercantile Bank Corporation is the banking holding company for Mercantile Bank of Michigan providing commercial and retail banking services for small and medium-sized businesses and individuals in the United States. The company is headquartered in Grand Rapids, Michigan.
Fundamentals
| Revenue (TTM) | $274.17M |
| Gross Profit (TTM) | $274.17M |
| EBITDA | — |
| Operating Margin | 41.30% |
| Return on Equity | 13.60% |
| Return on Assets | 1.42% |
| Revenue/Share (TTM) | $16.11 |
| Book Value | $43.02 |
| Price-to-Book | 1.40 |
| Price-to-Sales (TTM) | 3.82 |
| EV/Revenue | 5.56 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | -4.80% |
| Quarterly Revenue Growth (YoY) | 16.60% |
| Shares Outstanding | $17.29M |
| Float | $16.84M |
| % Insiders | 3.10% |
| % Institutions | 71.85% |
Historical Volatility
HV 10-Day
23.05%
HV 20-Day
20.50%
HV 30-Day
18.81%
HV 60-Day
18.72%
HV Rank
12.7%
Volatility is currently expanding
Analyst Ratings
Consensus ($64.17 target)
2
Strong Buy4
HoldLatest News
Mercantile Bank: 3 Key Takeaways for Long-Term Investors
Net interest margin expanded to 3.7% in the third quarter. Commercial loans grew 9% from the prior year-end.
The Motley Fool10/20/2026Neutral
Mercantile Bank Q3 Earnings Call Highlights
Mercantile Bank NASDAQ: MBWM reported third-quarter 2026 net income of $24.1 million, or $1.39 per diluted share, compared with $23.8 million, or $1.46 per diluted share, in the third quarter of 2025. For the first nine months of 2026, net income rose to $72.7 million, or $4.21 per diluted share, from $65.9 million, or $4.06 per diluted share, a year earlier.
MarketBeat10/20/2026Neutral
Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Zacks Investment Research10/20/2026Neutral
Mercantile Bank (MBWM) Q3 Earnings and Revenues Surpass Estimates
Mercantile Bank (MBWM) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.46 per share a year ago.
Zacks Investment Research10/20/2026Positive
Mercantile Bank Corporation Announces Robust Third Quarter 2026 Results
Net interest income growth, loan portfolio expansion, strong local deposit generation, and continued strength in asset quality metrics and capital levels highlight the quarter GRAND RAPIDS, Mich., Oct. 20, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $24.1 million, or $1.39 per diluted share, for the third quarter of 2026, compared with net income of $23.8 million, or $1.46 per diluted share, for the third quarter of 2025.
PRNewsWire10/20/2026Neutral
Mercantile Bank Corporation Declares Regular Cash Dividend
Board of Directors declares $0.40 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 2.7 percent GRAND RAPIDS, Mich., Oct. 20, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on October 15, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.40 per common share, payable on December 16, 2026, to holders of record as of December 4, 2026.
PRNewsWire10/20/2026Neutral
Earnings Preview: Mercantile Bank (MBWM) Q3 Earnings Expected to Decline
Mercantile Bank (MBWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks Investment Research10/13/2026Negative
Why Mercantile Bank (MBWM) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Mercantile Bank (MBWM) have what it takes?
Zacks Investment Research10/7/2026Positive
Mercantile Bank Corporation Announces Third Quarter 2026 Results Conference Call and Webcast
GRAND RAPIDS, Mich., Sept. 30, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
PRNewsWire9/30/2026Neutral
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Data last updated: 11/7/2026