Companies /Financial Services

Mercantile Bank Corp

NASDAQ: MBWM Banks - Regional
$58.61
▲ $0.29 (+0.50%) today
Markets closed · 2:51am ET

MBWM at a Glance

Valuation
Market cap
$1.0B
P/E ratio
10.3
Dividend yield
2.64%
Profitability
Revenue (TTM)
$263.9M
Profit margin
36.1%
EPS (TTM)
$5.69
Price
52-week range
$42 – $63
Street target
$63.17
Earnings
Next report
Oct 20, 2026

Headquartered in Grand Rapids, MI Fiscal year ends December NASDAQ: MBWM mercbank.com

About Mercantile Bank

Mercantile Bank Corporation is a Michigan-based bank holding company that operates through two subsidiary banks: Mercantile Bank and Eastern Michigan Bank. The company provides a full range of financial products and services to businesses, individuals, and governmental units, with a strong focus on commercial lending. With combined total assets of approximately $6.8 billion, it is one of the largest Michigan-based banking organizations. The company's commercial loan portfolio emphasizes commercial and industrial loans and owner-occupied commercial real estate, which together represent approximately 58% of total commercial loans. Mercantile completed the acquisition of Eastern Michigan Financial Corporation in Q4 2025, expanding its deposit base and branch network. The company trades on the NASDAQ Global Select Market under the symbol MBWM. Updated

MBWM Coverage

Frequently Asked Questions

What does Mercantile Bank do?

Mercantile Bank Corporation is a Michigan-based bank holding company that operates through two subsidiary banks: Mercantile Bank and Eastern Michigan Bank. The company provides a full range of financial products and services to businesses, individuals, and governmental units, with a strong focus on commercial lending.

What is the MBWM stock price target?

The Wall Street consensus 12-month price target for MBWM is $63.17.