Mercantile Bank Corporation (MBWM)
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 60.70 $ — 100% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/04/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 11.5%
- Exp. sales growth 3Y > 5% -10.8%
- EBIT growth 10Y > 5% 9.0%
- Exp. EBIT growth 3Y > 5% 2.5%
- Net debt < 4x EBIT -7.3x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 9.3%
- Return on equity > 15% 14.0%
- ROCE > 15% 7.7%
- Expected return > 10% 3.6%
View all AAQS quality stocks · Read the methodology at AlleAktien
Source: fundamental data
AI Rating
–Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built
Growth Score
4 of 10 Weak growthTen checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 20.2% passed
- More than 10% revenue growth is expected for the coming year 6.0% failed
- Share count grows by less than 3% a year 0.8% passed
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 5.8% failed
- Gross margin at 40% or higher and without meaningful erosion 64.0% failed
- Goodwill from acquisitions does not grow faster than revenue 1.1% passed
- Net debt below twice EBITDA 750 m net cash passed
- Operating cash flow covers the profits of the last three years -65 m failed
- Return on capital at 15% or higher, or up versus two years ago 7.7% failed
- Insiders hold at least 10% or are net buyers 3.1% failed
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Analysts & Price Target
The price target sits 4.1% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 5
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 5.69 | 5.57 – 5.77 | 279 | 4.0% | 6 |
| 12/31/2027 | 5.74 | 5.47 – 5.95 | 296 | 0.9% | 6 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 1.36 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.22 | -2.60 | 93 | 12.90 | 21.20 | 60 | 59 |
| 2025: Q1 | 1.21 | -9.80 | 89 | 1.70 | 21.90 | -3 | -5 |
| 2025: Q2 | 1.39 | 19.70 | 93 | 5.50 | 24.20 | -8 | -10 |
| 2025: Q3 | 1.46 | 20.40 | 96 | 3.20 | 24.70 | 23 | 21 |
| 2025: Q4 | 1.40 | 15.50 | 93 | 0.70 | 24.50 | 6 | 5 |
| 2026: Q1 | 1.32 | 9.10 | 97 | 8.40 | 23.50 | 28 | 27 |
| 2026: Q2 | 1.50 | 7.90 | – | – | – | 15 | 15 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 140 | 47 | 32 | 1.96 | 35 | 341 | 3,083 |
| 2017 | 145 | 46 | 31 | 1.90 | 39 | 366 | 3,287 |
| 2018 | 161 | 52 | 42 | 2.53 | 62 | 375 | 3,364 |
| 2019 | 185 | 60 | 49 | 3.01 | 45 | 417 | 3,633 |
| 2020 | 193 | 55 | 44 | 2.71 | 38 | 442 | 4,437 |
| 2021 | 199 | 74 | 59 | 3.69 | 65 | 457 | 5,258 |
| 2022 | 214 | 76 | 61 | 3.85 | 120 | 441 | 4,873 |
| 2023 | 304 | 103 | 82 | 5.13 | 67 | 522 | 5,353 |
| 2024 | 362 | 98 | 80 | 4.93 | 101 | 585 | 6,052 |
| 2025 | 372 | 102 | 89 | 5.46 | 18 | 725 | 6,835 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
About the Company
Mercantile Bank Corporation ist die Bankholding der Mercantile Bank, die kleinen und mittleren Unternehmen sowie Privatpersonen in den USA Geschäfts- und Privatkundenbankdienstleistungen anbietet. Das Unternehmen nimmt verschiedene Einlagenprodukte an, darunter Giro-, Spar- und Termineinlagen…
| Employees | 827 |
|---|---|
| Headquarters | Grand Rapids, MI |
| Address | 310 Leonard Street NW, 49504 Grand Rapids, United States |
| Phone | 616 406 3000 |
| Website | mercbank.com |
| IPO Date | 7. Aug 1997 |
| ISIN | US5873761044 |
| Stock Split | 105:100 on 04/19/2007 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Raymond E. Reitsma | President, CEO & Director | 1963 |
| Charles E. Christmas | Executive VP, CFO & Treasurer | 1966 |
| Scott P. Setlock | Executive VP, COO & Secretary | 1982 |
| Brett E. Hoover | Executive VP & Chief Human Resource Officer | 1971 |
| Mark S. Augustyn | Executive VP & Chief Commercial Banking Officer of the Mercantile Bank | 1968 |
| Sonali D. Allen | Senior VP and Chief Compliance & Community Development Officer of Mercantile Bank | – |
| Jeff Kaiser | Senior VP & Head of Risk Management Department | – |
| Douglas J. Holtrop | Executive VP & Senior Lending Officer of Mercantile Bank | – |
| Tara M. Randall | Executive VP & Chief Experience Officer of Mercantile Bank | – |
| Justin M. Karl | Executive VP & Senior Lending Officer of Mercantile Bank | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: August 3, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.