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Mercantile Bank Corporation(MBWM)Earnings, Financials & Key Ratios
MBWM•NASDAQ•Banking & Credit
$51.99
$898M mkt cap·9.5× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutMercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers 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; and 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, it provides courier services and safe deposit facilities; 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.Show more
- Net Interest Income$201M+5.2%
- Total Revenue$372M+2.7%
- Net Income$89M+11.5%
- Return on Equity13.56%-5.8%
- Net Interest Margin2.94%-6.8%
- Efficiency Ratio36.57%+5.2%
- ROA1.38%-1.3%
- Equity / Assets10.61%+9.8%
- Book Value per Share44.57+23.0%
- Tangible BV/Share38.85+17.1%
- Debt/Equity1.14+2.7%
MBWM Key Insights
Mercantile Bank Corporation (MBWM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: 36.6% efficiency ratio
- ✓Well capitalized: 10.6% equity/assets
- ✓Good 3Y average ROE of 15.0%
- ✓Healthy dividend yield of 2.8%
- ✓Trading at only 1.2x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MBWM Price & Volume
Mercantile Bank Corporation (MBWM) stock price & volume — 10-year historical chart
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MBWM Growth Metrics
Mercantile Bank Corporation (MBWM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years11.22%
5 Years13.95%
3 Years20.23%
TTM-
Profit CAGR
10 Years12.63%
5 Years14.99%
3 Years13.28%
TTM11.51%
EPS CAGR
10 Years12.92%
5 Years15.04%
3 Years12.35%
TTM10.3%
Return on Capital
10 Years8.04%
5 Years8.4%
3 Years8.58%
Last Year8%
MBWM Recent Earnings
Mercantile Bank Corporation (MBWM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (100%)●Beat Revenue 9/12 qtrs (82%)
Q2 2026Latest
Apr 21, 2026EPS
$1.46
Est $1.33
+9.8%
Revenue
$68M
Est $67M
+0.3%
Q1 2026
Feb 27, 2026EPS
$1.40
Revenue
$93M
Q1 2026
Jan 20, 2026EPS
$1.40
Est $1.37
+2.2%
Revenue
$62M
Est $62M
+0.2%
Q4 2025
Oct 21, 2025EPS
$1.46
Est $1.38
+5.8%
Revenue
$62M
Est $61M
+1.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $1.46vs $1.33+9.8% | $68Mvs $67M+0.3% |
| Q1 2026 | Feb 27, 2026 | $1.40 | $93M |
| Q1 2026 | Jan 20, 2026 | $1.40vs $1.37+2.2% | $62Mvs $62M+0.2% |
| Q4 2025 | Oct 21, 2025 | $1.46vs $1.38+5.8% | $62Mvs $61M+1.7% |
Based on last 12 quarters of dataView full earnings history →
MBWM Peer Comparison
Mercantile Bank Corporation (MBWM) competitors in Commercial and middle-market focused banks — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 IBCP | 690.04M | 33.52 | 10.25 | -0.3% | 21.73% | 14.2% | 10.17% | 0.23 |
 CZWI | 203.55M | 21.14 | 14.48 | -9.41% | 16.01% | 7.81% | 5.1% | 0.28 |
 UVSP | 1.1B | 38.79 | 12.28 | 3.58% | 17.51% | 9.82% | 8.78% | 0.37 |
 FITB | 33.69B | 50.30 | 16.02 | 5.62% | 17.73% | 11.43% | 7.15% | 0.97 |
 HBAN | 25.97B | 16.41 | 11.81 | 4.38% | 17.71% | 10.04% | 8.77% | 0.76 |
 CBSH | 7.66B | 52.13 | 12.78 | 2.23% | 26.46% | 15.34% | 7.74% | 0.79 |
 WTFC | 10.08B | 150.46 | 13.02 | 6.66% | 19.48% | 11.35% | 9.03% | 0.62 |
 BOKF | 10.38B | 134.76 | 16.56 | 10.4% | 15.57% | 8.91% | 13.78% | 0.80 |
Compare MBWM vs Peers
Mercantile Bank Corporation (MBWM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MBWM Income Statement
Mercantile Bank Corporation (MBWM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 109.75M | 120.08M | 124.53M | 122.25M | 124.06M | 158.24M | 193.54M | 191.09M | 201.04M |
| NII Growth % | 3.67% | 9.42% | 3.71% | -1.84% | 1.49% | 27.55% | 22.31% | -1.27% | 5.21% |
| Net Interest Margin % | 3.34% | 3.57% | 3.43% | 2.75% | 2.36% | 3.25% | 3.62% | 3.16% | 2.94% |
| Interest Income | 125.54M | 141.98M | 158.34M | 148.31M | 143.49M | 181.84M | 271.36M | 321.5M | 330.19M |
| Interest Expense | 15.79M | 21.9M | 33.8M | 26.07M | 19.43M | 23.59M | 77.81M | 130.42M | 129.15M |
| Loan Loss Provision | 2.95M | 1.1M | 1.75M | 14.05M | -4.3M | 6.55M | 7.7M | 7.4M | 4.6M |
| Non-Interest Income | 19M | 19.01M | 26.96M | 45.17M | 55.16M | 32.08M | 32.14M | 40.39M | 41.61M |
| Non-Interest Income % | 13.15% | 11.81% | 14.55% | 23.35% | 27.77% | 15% | 10.59% | 11.16% | 11.19% |
| Total Revenue | 144.54M▲ 0% | 160.99M▲ 11.4% | 185.29M▲ 15.1% | 193.49M▲ 4.4% | 198.66M▲ 2.7% | 213.92M▲ 7.7% | 303.5M▲ 41.9% | 361.89M▲ 19.2% | 371.8M▲ 2.7% |
| Revenue Growth % | 3.62% | 11.38% | 15.1% | 4.42% | 2.67% | 7.68% | 41.88% | 19.24% | 2.74% |
| Non-Interest Expense | 79.72M | 86.17M | 89.28M | 98.52M | 109.81M | 107.98M | 115.29M | 125.79M | 135.96M |
| Efficiency Ratio | 55.15% | 53.52% | 48.18% | 50.92% | 55.28% | 50.48% | 37.99% | 34.76% | 36.57% |
| Operating Income | 46.08M▲ 0% | 51.82M▲ 12.5% | 60.46M▲ 16.7% | 54.85M▼ 9.3% | 73.72M▲ 34.4% | 75.79M▲ 2.8% | 102.7M▲ 35.5% | 98.29M▼ 4.3% | 102.09M▲ 3.9% |
| Operating Margin % | 31.88% | 32.19% | 32.63% | 28.35% | 37.11% | 35.43% | 33.84% | 27.16% | 27.46% |
| Operating Income Growth % | -1.71% | 12.45% | 16.67% | -9.28% | 34.4% | 2.81% | 35.5% | -4.3% | 3.87% |
| Pretax Income | 46.08M▲ 0% | 51.82M▲ 12.5% | 60.46M▲ 16.7% | 54.85M▼ 9.3% | 73.72M▲ 34.4% | 75.79M▲ 2.8% | 102.7M▲ 35.5% | 98.29M▼ 4.3% | 102.09M▲ 3.9% |
| Pretax Margin % | 31.88% | 32.19% | 32.63% | 28.35% | 37.11% | 35.43% | 33.84% | 27.16% | 27.46% |
| Income Tax | 14.81M | 9.8M | 11M | 10.71M | 14.7M | 14.73M | 20.48M | 18.69M | 13.34M |
| Effective Tax Rate % | 32.14% | 18.91% | 18.2% | 19.53% | 19.93% | 19.43% | 19.94% | 19.02% | 13.07% |
| Net Income | 31.27M▲ 0% | 42.02M▲ 34.4% | 49.46M▲ 17.7% | 44.14M▼ 10.8% | 59.02M▲ 33.7% | 61.06M▲ 3.5% | 82.22M▲ 34.6% | 79.59M▼ 3.2% | 88.75M▲ 11.5% |
| Net Margin % | 21.64% | 26.1% | 26.69% | 22.81% | 29.71% | 28.55% | 27.09% | 21.99% | 23.87% |
| Net Income Growth % | -2% | 34.37% | 17.69% | -10.75% | 33.72% | 3.46% | 34.64% | -3.19% | 11.51% |
| Net Income (Continuing) | 31.27M | 42.02M | 49.46M | 44.14M | 59.02M | 61.06M | 82.22M | 79.59M | 88.75M |
| EPS (Diluted) | 1.90▲ 0% | 2.53▲ 33.2% | 3.01▲ 19.0% | 2.71▼ 10.0% | 3.69▲ 36.2% | 3.85▲ 4.3% | 5.13▲ 33.2% | 4.93▼ 3.9% | 5.46▲ 10.8% |
| EPS Growth % | -3.06% | 33.16% | 18.97% | -9.97% | 36.16% | 4.34% | 33.25% | -3.9% | 10.75% |
| EPS (Basic) | 1.90 | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 | 5.13 | 4.93 | 5.46 |
| Diluted Shares Outstanding | 16.49M | 16.61M | 16.41M | 16.27M | 15.99M | 15.86M | 16.02M | 16.13M | 16.26M |
MBWM Balance Sheet
Mercantile Bank Corporation (MBWM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 535.85M | 412.72M | 568.39M | 1.01B | 1.57B | 699.71M | 747.63M | 1.12B | 1.58B |
| Cash & Due from Banks | 200.1M | 75.35M | 233.73M | 626.01M | 975.16M | 96.77M | 130.53M | 393.01M | 473.32M |
| Short Term Investments | 335.74M | 337.37M | 334.65M | 387.35M | 592.74M | 602.94M | 617.09M | 730.35M | 1.1B |
| Total Investments | 2.87B | 3.07B | 3.17B | 3.57B | 4.03B | 4.48B | 4.89B | 5.29B | 5.87B |
| Investments Growth % | 6.92% | 6.72% | 3.24% | 12.57% | 12.93% | 11.27% | 9.12% | 8.24% | 10.83% |
| Long-Term Investments | 2.54B | 2.73B | 2.83B | 3.18B | 3.43B | 3.88B | 4.27B | 4.56B | 4.76B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 57.07M | 55.03M | 53.31M | 51.91M | 50.82M | 50.06M | 60.82M | 49.47M | 93.04M |
| Goodwill | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 72.66M |
| Intangible Assets | 7.6M | 5.56M | 3.84M | 2.44M | 1.35M | 583K | 11.34M | 0 | 20.39M |
| PP&E (Net) | 46.03M | 48.32M | 57.33M | 58.96M | 57.3M | 51.48M | 50.93M | 53.43M | 62.47M |
| Other Assets | 108.7M | 117.13M | 121.11M | 134.73M | 147.51M | 193.44M | 221.4M | 263.75M | 340.46M |
| Total Current Assets | 535.85M | 412.72M | 568.39M | 1.01B | 1.57B | 699.71M | 747.63M | 1.12B | 1.58B |
| Total Non-Current Assets | 2.75B | 2.95B | 3.06B | 3.42B | 3.69B | 4.17B | 4.61B | 4.93B | 5.26B |
| Total Assets | 3.29B▲ 0% | 3.36B▲ 2.3% | 3.63B▲ 8.0% | 4.44B▲ 22.1% | 5.26B▲ 18.5% | 4.87B▼ 7.3% | 5.35B▲ 9.9% | 6.05B▲ 13.1% | 6.84B▲ 12.9% |
| Asset Growth % | 6.62% | 2.35% | 8% | 22.14% | 18.49% | -7.32% | 9.86% | 13.06% | 12.94% |
| Return on Assets (ROA) | 0.98% | 1.26% | 1.41% | 1.09% | 1.22% | 1.21% | 1.61% | 1.4% | 1.38% |
| Accounts Payable | 14.2M | 25.23M | 22.41M | 24.31M | 24.64M | 78.21M | 0 | 0 | 0 |
| Total Debt | 384.26M | 499.72M | 503.56M | 559.93M | 693.35M | 640.19M | 836.26M | 648.25M | 825.88M |
| Net Debt | 184.16M | 424.36M | 269.82M | -66.08M | -281.81M | 543.42M | 705.73M | 255.24M | 352.56M |
| Long-Term Debt | 265.52M | 396.2M | 400.88M | 441.56M | 495.89M | 445.85M | 606.52M | 526.73M | 593.59M |
| Short-Term Debt | 118.75M | 103.52M | 102.67M | 118.36M | 197.46M | 194.34M | 229.73M | 121.52M | 232.29M |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 93.9M | 121.02M | 0 |
| Total Current Liabilities | 2.66B | 2.59B | 2.82B | 3.55B | 4.31B | 3.99B | 4.13B | 4.82B | 5.52B |
| Total Non-Current Liabilities | 265.52M | 396.2M | 400.88M | 441.56M | 495.89M | 445.85M | 700.43M | 647.75M | 593.59M |
| Total Liabilities | 2.92B | 2.99B | 3.22B | 4B | 4.8B | 4.43B | 4.83B | 5.47B | 6.11B |
| Total Equity | 365.87M▲ 0% | 375.25M▲ 2.6% | 416.56M▲ 11.0% | 441.55M▲ 6.0% | 456.56M▲ 3.4% | 441.41M▼ 3.3% | 522.14M▲ 18.3% | 584.53M▲ 11.9% | 724.88M▲ 24.0% |
| Equity Growth % | 7.35% | 2.56% | 11.01% | 6% | 3.4% | -3.32% | 18.29% | 11.95% | 24.01% |
| Equity / Assets (Capital Ratio) | 11.13% | 11.16% | 11.47% | 9.95% | 8.68% | 9.06% | 9.75% | 9.66% | 10.61% |
| Return on Equity (ROE) | 8.85% | 11.34% | 12.49% | 10.29% | 13.14% | 13.6% | 17.07% | 14.38% | 13.56% |
| Book Value per Share | 22.19 | 22.60 | 25.39 | 27.14 | 28.56 | 27.83 | 32.60 | 36.24 | 44.57 |
| Tangible BV per Share | 18.73 | 19.28 | 22.14 | 23.95 | 25.38 | 24.68 | 28.80 | 33.17 | 38.85 |
| Common Stock | 309.77M | 308M | 305.04M | 302.03M | 285.75M | 290.44M | 295.11M | 299.7M | 349.43M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 61M | 75.48M | 107.83M | 134.04M | 174.54M | 216.31M | 277.53M | 334.65M | 399.45M |
| Accumulated OCI | -4.9M | -8.24M | 3.69M | 5.49M | -3.73M | -65.34M | -50.49M | -49.83M | -24M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MBWM Cash Flow Statement
Mercantile Bank Corporation (MBWM) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 38.66M | 61.74M | 44.77M | 37.88M | 64.57M | 119.86M | 66.61M | 101.12M | 17.97M |
| Operating CF Growth % | 11.74% | 59.67% | -27.49% | -15.39% | 70.48% | 85.62% | -44.43% | 51.8% | -82.23% |
| Net Income | 31.27M | 42.02M | 49.46M | 44.14M | 59.02M | 61.06M | 82.22M | 79.59M | 88.75M |
| Depreciation & Amortization | 10.36M | 9.77M | 9.55M | 9.43M | 13.68M | 12.95M | 11.5M | 10.51M | 0 |
| Deferred Taxes | 831K | -372K | 26K | -4.14M | 2.02M | -1.35M | -2.04M | -397K | 0 |
| Other Non-Cash Items | -3.43M | 199K | -6.7M | -3.93M | 710K | 17.91M | -8.18M | 7.6M | 10.46M |
| Working Capital Changes | -2.35M | 7.71M | -10.5M | -9.94M | -14.64M | 25.92M | -20.27M | 501K | -81.24M |
| Cash from Investing | -191.47M | -210.48M | -92.84M | -398.81M | -495.51M | -555M | -395.93M | -425.44M | -105.7M |
| Purchase of Investments | -67.03M | -48.66M | -62.08M | -369.68M | -298.71M | -107.01M | -19.94M | -173.62M | 0 |
| Sale/Maturity of Investments | 60.12M | 40.31M | 79.48M | 321.16M | 80.43M | 17.98M | 24.14M | 61.78M | 0 |
| Net Investment Activity | -6.9M | -8.36M | 17.39M | -48.52M | -218.28M | -89.03M | 4.2M | -111.84M | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | -2.68M | 0 | 0 | 0 | 0 |
| Other Investing | -179.15M | -195.81M | -96.75M | -341.3M | -268.95M | -462.95M | -393.45M | -305.06M | -105.7M |
| Cash from Financing | 169.31M | 24M | 206.45M | 753.2M | 780.09M | -443.25M | 363.08M | 586.79M | 168.04M |
| Dividends Paid | -12.05M | -27.5M | -17.11M | -17.93M | -18.52M | -19.6M | -21M | -22.47M | -23.95M |
| Share Repurchases | 0 | -5.94M | -7.18M | -6.59M | -21.38M | 0 | 0 | 0 | 0 |
| Stock Issued | 1.58M | 1.17M | 729K | 814K | 877K | 867K | 891K | 810K | 900K |
| Net Stock Activity | 1.58M | -4.78M | -6.45M | -5.78M | -20.5M | 867K | 891K | 810K | 900K |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K |
| Other Financing | 134.78M | -73.73M | 226.01M | 736.91M | 765.48M | -373.42M | 223.55M | 689.28M | 221.96M |
| Net Change in Cash | 16.5M▲ 0% | -124.75M▼ 855.8% | 158.38M▲ 227.0% | 392.27M▲ 147.7% | 349.15M▼ 11.0% | -878.39M▼ 351.6% | 33.76M▲ 103.8% | 262.48M▲ 677.5% | 80.31M▼ 69.4% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 183.6M | 200.1M | 75.35M | 233.73M | 626.01M | 975.16M | 96.77M | 130.53M | 393.01M |
| Cash at End | 200.1M | 75.35M | 233.73M | 626.01M | 975.16M | 96.77M | 130.53M | 393.01M | 473.32M |
| Interest Paid | 15.47M | 21.57M | 32.1M | 27.7M | 20.35M | 21.77M | 72.02M | 129.23M | 129.43M |
| Income Taxes Paid | 14.22M | 10.07M | 11.97M | 10.95M | 17.55M | 11.2M | 24.85M | 21.4M | 44.84M |
| Free Cash Flow | 33.24M▲ 0% | 55.42M▲ 66.7% | 31.28M▼ 43.6% | 28.89M▼ 7.7% | 58.97M▲ 104.1% | 116.84M▲ 98.1% | 59.93M▼ 48.7% | 92.59M▲ 54.5% | 11.21M▼ 87.9% |
| FCF Growth % | 2.04% | 66.71% | -43.55% | -7.66% | 104.14% | 98.14% | -48.71% | 54.5% | -87.89% |
MBWM Banking Ratios
Mercantile Bank Corporation (MBWM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 9.46% | 8.85% | 11.34% | 12.49% | 10.29% | 13.14% | 13.6% | 17.07% | 14.38% | 13.56% |
| Return on Assets (ROA) | 1.07% | 0.98% | 1.26% | 1.41% | 1.09% | 1.22% | 1.21% | 1.61% | 1.4% | 1.38% |
| Net Interest Margin | 3.43% | 3.34% | 3.57% | 3.43% | 2.75% | 2.36% | 3.25% | 3.62% | 3.16% | 2.94% |
| Efficiency Ratio | 55.28% | 55.15% | 53.52% | 48.18% | 50.92% | 55.28% | 50.48% | 37.99% | 34.76% | 36.57% |
| Equity / Assets | 11.06% | 11.13% | 11.16% | 11.47% | 9.95% | 8.68% | 9.06% | 9.75% | 9.66% | 10.61% |
| Book Value / Share | 20.89 | 22.19 | 22.6 | 25.39 | 27.14 | 28.56 | 27.83 | 32.6 | 36.24 | 44.57 |
| NII Growth | 4.64% | 3.67% | 9.42% | 3.71% | -1.84% | 1.49% | 27.55% | 22.31% | -1.27% | 5.21% |
| Dividend Payout | 58.69% | 38.52% | 65.44% | 34.59% | 40.62% | 31.39% | 32.1% | 25.55% | 28.23% | 26.99% |
MBWM SEC Filings & Documents
Mercantile Bank Corporation (MBWM) SEC filings — annual & quarterly reports (10-K, 10-Q)
MBWM Frequently Asked Questions
Mercantile Bank Corporation (MBWM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Mercantile Bank Corporation (MBWM) grew revenue by 2.7% over the past year. Growth has been modest.
Yes, Mercantile Bank Corporation (MBWM) is profitable, generating $88.8M in net income for fiscal year 2025 (23.9% net margin).
Dividend & Returns
Yes, Mercantile Bank Corporation (MBWM) pays a dividend with a yield of 2.83%. This makes it attractive for income-focused investors.
Mercantile Bank Corporation (MBWM) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.
Industry Metrics
Mercantile Bank Corporation (MBWM) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.
Mercantile Bank Corporation (MBWM) has an efficiency ratio of 36.6%. This is excellent, indicating strong cost control.
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Mercantile Bank Corporation (MBWM) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
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Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates