MBWM

Mercantile Bank Corporation
$58.50
+1.32 (+2.31%)
Mkt Cap 1.01B
Volume 146,594
52W Range 42.75-60.4
Sector Financial Services
Beta 0.81
EPS (TTM) 5.68
P/E Ratio 10.30
Revenue (TTM) 384.05M
Rev Growth (5Y) +14.0%
EPS Growth (5Y) +15.0%
AlphaVal · Fair Value
What we estimate one share is worth
$79.75
Undervalued moderate signal
26.6% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
B-
Banks, Insurers & Asset Managers
65.3 / 100 composite
A bank, insurer or asset manager — graded A–F vs. similar companies.

Company Description

Track Record

Showing latest 4 periods • Swipe for more
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue 371.80M 361.89M 303.50M 213.92M 198.66M 193.49M 185.29M 160.99M 144.54M 139.50M 128.37M 99.15M
Net Income 88.75M 79.59M 82.22M 61.06M 59.02M 44.14M 49.46M 42.02M 31.27M 31.91M 27.02M 17.33M
EPS 5.46 4.93 5.13 3.85 3.69 2.71 3.01 2.53 1.90 1.96 1.63 1.28
Free Cash Flow 11.21M 92.59M 59.93M 116.84M 58.97M 28.89M 31.28M 55.42M 33.24M 32.58M 34.92M 12.26M
FCF / Share 0.69 5.74 3.74 7.37 3.69 1.78 1.91 3.34 2.02 2.00 2.10 0.91
Operating CF 17.97M 101.12M 66.61M 119.86M 64.57M 37.88M 44.77M 61.74M 38.66M 34.60M 36.00M 14.41M
Total Assets 6.84B 6.05B 5.35B 4.87B 5.26B 4.44B 3.63B 3.36B 3.29B 3.08B 2.90B 2.89B
Total Debt 825.88M 648.25M 836.26M 640.19M 693.35M 559.93M 503.56M 499.72M 384.26M 351.55M 277.93M 276.06M
Cash & Equiv 473.32M 393.01M 130.53M 96.77M 975.16M 626.01M 233.73M 75.35M 200.10M 183.60M 89.29M 161.53M
Book Value 724.88M 584.53M 522.14M 441.41M 456.56M 441.55M 416.56M 375.25M 365.87M 340.81M 333.80M 328.14M
Return on Equity 0.12 0.14 0.16 0.14 0.13 0.10 0.12 0.11 0.09 0.09 0.08 0.05
MBWM News
Mercantile Bank Corporation (MBWM) Q2 2026 Earnings Call Transcript
Jul 21, 2026 10:53 AM · seekingalpha.com
Mercantile Bank Q2 Earnings Call Highlights
Jul 21, 2026 10:04 AM · marketbeat.com
Compared to Estimates, Mercantile Bank (MBWM) Q2 Earnings: A Look at Key Metrics
Jul 21, 2026 06:31 AM · zacks.com
Mercantile Bank (MBWM) Surpasses Q2 Earnings Estimates
Jul 21, 2026 04:06 AM · zacks.com
Mercantile Bank Corporation Announces Strong Second Quarter 2026 Results
Jul 21, 2026 01:05 AM · prnewswire.com
Mercantile Bank Corporation Increases Regular Cash Dividend
Jul 21, 2026 01:00 AM · prnewswire.com
Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline
Jul 14, 2026 07:01 AM · zacks.com
Mercantile Bank Corporation Announces Second Quarter 2026 Results Conference Call and Webcast
Jun 30, 2026 05:00 AM · prnewswire.com
Mercantile Bank Corporation (MBWM) Shareholder/Analyst Call Prepared Remarks Transcript
May 21, 2026 07:20 AM · seekingalpha.com
Analysts Set Mercantile Bank Corporation (NASDAQ:MBWM) Price Target at $56.20
Apr 24, 2026 12:04 AM · defenseworld.net