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    M

    Mercantile Bank Corporation (MBWM)

    Official site

    FINANCIAL SERVICES • BANKS - REGIONAL • NASDAQ

    $58.32
    +0.63 (+1.09%)

    Market Cap: $997.23M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    92%(36/39)
    Avg Surprise
    +15.84%
    Streak
    16 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.35
    Range$1.32 - $1.37
    6 analysts
    EPS RevisionsNo revisions (7d)
    0
    6
    30d
    EPS Estimate DriftChange to current
    90d ago$1.40-3.6%
    60d ago$1.36-0.7%
    30d ago$1.36-0.7%
    7d ago$1.35-0.3%
    Current$1.35
    Revenue Consensus
    $71M
    Range$70M - $72M
    5 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.69
    Range$1.58 - $1.78
    6 analysts
    Revenue Consensus
    $72M
    Range$70M - $74M
    5 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.69---
    Sep 26EST
    		-$1.35---
    Jun 26
    Reported Jul 21
    		$1.53$1.34+14.18%Beat+10.1%
    Mar 26
    Reported Apr 21
    		$1.46$1.31+11.45%Beat+20.7%
    Dec 25
    Reported Jan 20
    		$1.40$1.37+2.19%Beat+14.8%
    Sep 25
    Reported Oct 21
    		$1.46$1.38+5.80%Beat+19.7%
    Jun 25
    Reported Jul 22
    		$1.39$1.25+11.20%Beat+18.8%
    Mar 25
    Reported Apr 22
    		$1.21$1.18+2.54%Beat-9.7%
    Dec 24
    Reported Jan 21
    		$1.22$1.14+7.02%Beat-2.4%
    Sep 24
    Reported Oct 15
    		$1.22$1.17+4.27%Beat-6.2%
    Jun 24
    Reported Jul 16
    		$1.17$1.16+0.86%Beat-7.9%
    Mar 24
    Reported Apr 16
    		$1.34$1.14+17.54%Beat+2.3%
    Dec 23
    Reported Jan 16
    		$1.25$1.24+0.81%Beat-8.8%
    Sep 23
    Reported Oct 17
    		$1.30$1.15+13.04%Beat+28.7%
    Jun 23
    Reported Jul 18
    		$1.27$1.10+15.45%Beat+71.6%
    Mar 23
    Reported Apr 18
    		$1.31$1.16+12.93%Beat+79.5%
    Dec 22
    Reported Jan 17
    		$1.37$1.20+14.17%Beat+45.7%
    Sep 22
    Reported Oct 18
    		$1.01$0.98+3.06%Beat+6.3%
    Jun 22
    Reported Jul 19
    		$0.74$0.76-2.63%Miss-33.9%
    Mar 22
    Reported Apr 19
    		$0.73$0.74-1.35%Miss-16.1%
    Dec 21
    Reported Jan 18
    		$0.94$0.86+9.30%Beat+1.1%
    Sep 21
    Reported Oct 19
    		$0.95$0.85+11.76%Beat+43.9%
    Jun 21
    Reported Jul 20
    		$1.12$0.78+43.59%Beat+107.4%
    Mar 21
    Reported Apr 20
    		$0.87$0.71+22.54%Beat+33.8%
    Dec 20
    Reported Jan 19
    		$0.93$0.55+69.09%Beat+13.4%
    Sep 20
    Reported Oct 20
    		$0.66$0.43+53.49%Beat-14.3%
    Jun 20
    Reported Jul 21
    		$0.54$0.27+100.00%Beat-23.9%
    Mar 20
    Reported Apr 21
    		$0.65$0.47+38.30%Beat-9.7%
    Dec 19
    Reported Jan 21
    		$0.82$0.65+26.15%Beat+17.1%
    Sep 19
    Reported Oct 15
    		$0.77$0.63+22.22%Beat+26.2%
    Jun 19
    Reported Jul 16
    		$0.71$0.60+18.33%Beat+24.6%
    Mar 19
    Reported Apr 16
    		$0.72$0.59+22.03%Beat+9.1%
    Dec 18
    Reported Jan 22
    		$0.70$0.61+14.75%Beat+45.8%
    Sep 18
    Reported Oct 16
    		$0.61$0.61+0.00%Beat+19.6%
    Jun 18
    Reported Jul 17
    		$0.57$0.57+0.00%Beat+26.7%
    Mar 18
    Reported Apr 17
    		$0.66$0.56+17.86%Beat+43.5%
    Dec 17
    Reported Mar 5
    		$0.48$0.50-4.00%Miss-2.0%
    Sep 17
    Reported Oct 17
    		$0.51$0.48+6.25%Beat-
    Jun 17
    Reported Jul 18
    		$0.45$0.45+0.00%Beat-
    Mar 17
    Reported Apr 18
    		$0.46$0.43+6.98%Beat-
    Dec 16
    Reported Mar 6
    		$0.49$0.46+6.52%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.74%
    Forward Annual Dividend$1.60
    Payout Ratio28.31%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+5.98%
    5Y CAGR+6.02%
    MBWM dividend history and ex-dividend datesRun MBWM in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio9.97EV/EBITDA13.84x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin36.10%Operating Margin45.60%
    ROE13.70%ROIC6.59%
    Financial Health
    Debt/Equity0.91xInterest Coverage0.90x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.84Avg Volume115.02K
    52-Week High$62.9552-Week Low$41.63

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$58.38
    SMA 20$58.81
    SMA 50$59.78
    SMA 200$54.35
    EMA 10$58.34
    EMA 20$58.79
    EMA 50$58.96
    EMA 200$54.78

    MACD

    Line: -0.52Signal: -0.44Hist: -0.08

    ADX

    ADX: 22.4+DI: 16.7-DI: 24.9

    Aroon & PSAR

    Aroon Up16.0
    Aroon Down96.0
    PSAR$57.00

    Bollinger Bands

    Upper Band$60.26
    Lower Band$57.37
    %B Position490%(Upper)
    Band Width0.33

    RSI (14-Day)

    Neutral
    45.0

    Momentum Oscillators

    Stoch %K26.9
    Stoch %D21.9
    Williams %R-56.7
    ROC (10d)-1.0%
    Momentum-0.58
    CCI (20d)-55.6
    MFI (14d)19.0

    Volatility Measures

    ATR (14d)$1.20(2.1%)
    StdDev (20d)0.72
    Hist Vol14.0%(Low)

    Volume Flow

    VWAP$58.39
    OBV2.6M
    AD Line-27.3M
    CMF (20d)-0.217

    Volume Metrics

    Avg Vol (20d)111.8K
    Vol Ratio0.9x
    VWMA (20d)$58.80

    Pivot Points

    R3$59.53
    R2$58.88
    R1$58.29
    Pivot Point$57.64
    S1$57.05
    S2$56.40
    S3$55.81

    Advanced Oscillators

    TSI-13.87
    Ultimate Osc40.8
    KST-29.93

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$68.76M$67.59M$62.07M$62.39M$60.94M$57.25M$58.53M$57.96M$56.75M$58.23M$56.95M$58.21M
    Cost of RevenueN/A$27.73M$31.94M$33.84M$34.08M$33.89M$35.63M$36.22M$35.31M$30.66M$26.95M$25.49M
    Gross ProfitN/A$68.79M$61.37M$62.19M$59.34M$55.15M$57.03M$56.86M$53.25M$56.93M$55.15M$54.91M
    Operating Expenses$39.38M$42.11M$36.73M$34.75M$33.38M$31.10M$33.80M$32.30M$29.74M$29.94M$29.94M$28.92M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$27.28M$24.64M$27.44M$25.96M$24.05M$23.23M$24.56M$23.52M$26.98M$25.21M$25.99M
    Interest Income$86.70M$85.43M$82.25M$85.64M$81.96M$80.34M$82.49M$83.41M$78.88M$76.72M$73.80M$71.15M
    Interest Expense$29.44M$29.52M$31.24M$33.64M$32.48M$31.79M$34.13M$35.12M$31.81M$29.36M$25.15M$22.19M
    Income Before Tax$31.18M$27.28M$26.05M$27.44M$25.96M$24.05M$23.23M$24.56M$23.52M$26.98M$25.21M$25.99M
    Income Tax Expense$5.25M$4.60M$3.21M$3.68M$3.34M$4.51M$3.60M$4.94M$4.73M$5.42M$5.18M$5.13M
    Net Income$25.93M$22.68M$22.84M$23.76M$22.62M$19.54M$19.63M$19.62M$18.79M$21.56M$20.03M$20.86M
    EBITDA$32.36M$28.98M$27.43M$28.78M$27.38M$25.69M$25.59M$27.22M$26.22M$29.76M$27.85M$28.91M
    EBIT$31.18M$27.28M$26.05M$27.44M$25.96M$24.05M$23.23M$24.56M$23.52M$26.98M$25.21M$25.99M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Mercantile Bank reports October 20 results: USD 62.00 target for Mercantile Bank stock

    Mercantile Bank (MBWM) is set to release its third-quarter 2026 results on October 20, 2026, with six brokerages setting an average twelve-month price target of USD 62.00. The stock was trading at EUR 52.25 on October...

    ad-hoc-news.de•10/15/26•Somewhat-Bullish

    Mercantile Bank reports October 20 results: USD 62.00 target for Mercantile Bank stock

    Mercantile Bank (MBWM) is scheduled to release its Q3 2026 results on October 20, 2026. Analysts have set an average 12-month price target of USD 62.00...

    ad-hoc-news.de•10/15/26•Somewhat-Bullish

    Mercantile Bank Corporation (NASDAQ:MBWM) Stock Has Consensus Price Target of $62.00

    Mercantile Bank Corporation (NASDAQ:MBWM) has received a "Moderate Buy" consensus rating from analysts, with an average 12-month price target of $62.00. The company exceeded its quarterly earnings expectations...

    MarketBeat•10/13/26•Bullish

    Mercantile Bank (MBWM) Expected to Announce Earnings on Tuesday

    Mercantile Bank (MBWM) is anticipated to release its Q3 2026 earnings before market open on Tuesday, October 20th...

    MarketBeat•10/13/26•Somewhat-Bullish

    (MBWM) and the Role of Price-Sensitive Allocations

    This article analyzes Mercantile Bank Corporation (MBWM) with a focus on price-sensitive allocations, noting weak near-term sentiment but strong long-term prospects. It presents AI-generated trading strategies...

    Stock Traders Daily•10/12/26•Somewhat-Bullish

    MBWM Valuation and Fair Value

    P/E
    10.0x
    Forward P/E
    10.9x
    EV/EBITDA
    13.8x
    PEG
    1.6x
    P/B
    1.3x
    See GNG's fair value

    MBWM Profitability: Margins, ROIC and FCF

    Operating margin
    45.6%
    Net margin
    36.1%
    ROIC
    6.6%
    ROE
    13.7%
    FCF margin
    26.3%

    MBWM Competitors

    CompanyTicker
    Business First Bancshares IncBFST
    Goldman Sachs BDC IncGSBD
    CNB Financial CorporationCCNE
    Equity Bancshares, Inc.EQBK
    FS Credit Opportunities Corp.FSCO
    Horizon BancorpHBNC
    MidWestOne Financial Group IncMOFG
    NB Bancorp, Inc. Common StockNBBK

    Sector: Financial Services

    MBWM Analyst Ratings

    Consensus
    Buy
    Analysts
    6
    Strong Buy
    2
    Buy
    0
    Hold
    4
    Sell
    0
    Strong Sell
    0

    MBWM Bull Case vs Bear Case

    Bull case

    • MBWM converts 26.3% of revenue into free cash flow.
    • MBWM has a 36.1% net profit margin.
    • MBWM beat EPS estimates in 100.0% of its last 8 reported quarters.

    MBWM Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    7.3%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.35
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 6 down

    MBWM Dividend

    Forward yield
    2.7%
    Payout ratio
    28.3%
    3Y DPS growth
    6.0%
    5Y DPS growth
    6.0%
    Pay months
    Mar, Jun, Sep, Dec
    MBWM dividend history

    Frequently Asked Questions About MBWM

    What is MBWM's current dividend yield?

    Mercantile Bank Corporation (MBWM) has a forward dividend yield of 2.74%.

    Does MBWM pay dividends?

    Yes, Mercantile Bank Corporation pays dividends with a forward dividend yield of 2.74%.

    What is MBWM's P/E ratio?

    Mercantile Bank Corporation has a price-to-earnings (P/E) ratio of 9.97.

    What is MBWM's market cap?

    Mercantile Bank Corporation (MBWM) has a market capitalization of $997.23M with a current stock price of $58.32.

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