Mercantile 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. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Frequently asked questions
What sector does Mercantile Bank Corporation (MBWM) operate in?
Mercantile Bank Corporation belongs to the Financials sector and operates in the Banks - Regional industry.
What is Mercantile Bank Corporation (MBWM) current stock price?
As of the latest data, Mercantile Bank Corporation stock price is $61.45, with a previous close of $61.56. Mercantile Bank Corporation lost -$0.11 in the last trading session, representing a -0.18% loss.
What is Mercantile Bank Corporation (MBWM) current market capitalization?
Mercantile Bank Corporation market cap is approximately 1.06 billion.
What is Mercantile Bank Corporation (MBWM) Earnings Per Share (EPS)?
The trailing EPS is $5.69, and the forward EPS is $5.74.
What is Mercantile Bank Corporation (MBWM) Price-to-Earnings (P/E) ratio?
Mercantile Bank Corporation current P/E ratio is 10.8, with a forward P/E of 10.71.
What is Mercantile Bank Corporation (MBWM) EBITDA?
Mercantile Bank Corporation EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is 32.88 million.
Does Mercantile Bank Corporation (MBWM) pay dividends?
Yes. Mercantile Bank Corporation pays quarterly dividends with an annualized yield of 2.6% and an estimated annual payout of $1.60 per share.
When is the next ex-dividend date for Mercantile Bank Corporation (MBWM)?
The next ex-dividend date is scheduled for September 04, 2026.
How did Mercantile Bank Corporation (MBWM) perform in its most recent earnings report?
In the last report (June 30, 2026), Mercantile Bank Corporation posted an EPS surprise of 14.18% and a revenue surprise of 42.63%.
When is Mercantile Bank Corporation (MBWM) next earnings report?
Mercantile Bank Corporation is expected to release its next earnings report on September 30, 2026.
What is Mercantile Bank Corporation (MBWM) beta (volatility) score?
Mercantile Bank Corporation has a beta of 0.815, meaning its volatility is roughly in line with the market.
