MBWM
Financial ServicesMercantile Bank Corporation
$48.50
+$0.89 (+1.87%)
Jan 5, 2026
Price History (1Y)
Analysis
Mercantile Bank Corporation is a regional bank operating in the Financial Services sector. The company has a market capitalization of $833.13 million and generates revenue of $233.71 million on a trailing twelve-month basis. With 683 employees, Mercantile Bank Corporation operates at a relatively small scale compared to larger financial institutions. The company's financial health is characterized by high profitability, with operating and profit margins standing at 45.6% and 36.6%, respectively. Returns on equity and assets are also substantial, at 13.8% and 1.4%, respectively. Mercantile Bank Corporation maintains a strong balance sheet, with cash reserves of $502.12 million and debt of $767.65 million. Mercantile Bank Corporation's valuation is driven by its price-to-earnings ratio (TTM) of 9.03, which is relatively low compared to other regional banks. The company has experienced strong revenue growth, increasing by 9.4% year-over-year, and earnings growth, growing by 20.1% over the same period. Dividend yields are high at 319.0%, but payout ratios stand at a manageable 28.1%.
This analysis is AI-generated for informational purposes only and should not be considered financial advice. Data may be delayed or inaccurate. Always do your own research and consult a qualified financial advisor before making investment decisions.
About Mercantile Bank Corporation
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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Visit website →Key Statistics
- Market Cap
- $833.13M
- P/E Ratio
- 9.03
- 52-Week High
- $51.89
- 52-Week Low
- $37.76
- Avg Volume
- 76.52K
- Beta
- 0.90
- Dividend Yield
- 319.00%
Company Info
- Industry
- Banks - Regional
- Exchange
- NMS
- Country
- United States
- Employees
- 683