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MB

Mercantile Bank Corporation (MBWM)

NASDAQ • Financial Services

$60.33
-$0.38 (-0.6%)
Market open

Last close at September 9, 2026 at 20:00 UTC

Open$60.14
Previous Close$60.33
Day Range$59.16 - $60.64
Avg. Volume (3M)92.1K
Market Cap$1B
P/E Ratio10.6
52 Week Range
$42.75$62.39
Next EarningsIn 40 daysOct 20, 2026

Metrics Over Time

Where the Money Goes

Q2 2026
Revenueeverything earned$98.1M100%
Gross Profitminus cost of goods$68.7M70%
Operating Incomeminus R&D and overhead$31.1M32%
Net Incomeminus taxes and the rest$25.9M26%

In plain terms: out of every $100 in revenue, Mercantile Bank Corporation keeps $26 as net profit.

Fundamentals & Financials

Revenue (TTM)
$384M
Net Income (TTM)
$95.2M
EPS (TTM)
$5.68
ROA (TTM)
1.4%
Current Ratio
0.22
Dividend Yield
0.67%

TTM is calculated as the sum of the four most recently completed quarters. This is a standard approach when monthly or real-time data is not available.

Earnings

+2.2%Q1 2026$1.4
-0.8%Q2 2026$1.32
+15.9%Q3 2026$1.53
Next

Oct 20

in 40 daysQ4 2026

% — EPS deviation from the forecast (beat / miss); quarters without a forecast show the reported EPS

Latest report — Q3 2026
Beat +15.9%

Mercantile Bank Corporation’s earnings topped consensus as adjusted EPS of $1.53 beat the $1.32 estimate (+15.9%), reflecting the second fiscal quarter of 2026 (period ended June 30, 2026; reported July 21, 2026). Revenue came in at roughly $98.2 million, while net interest income was about $57.3 million as the quarter’s core banking profit engine across its commercial and personal banking lines. Profitability translated into operating income of around $31.2 million, and net income rose ~15% year over year to about $25.9 million (up from roughly $22.6 million a year ago), alongside adjusted EPS up from $1.39 a year ago. The company also returned cash to shareholders by paying roughly $6.6 million in dividends during the quarter. For the next period, consensus calls for EPS of $1.36.

View full earnings history

About Mercantile Bank Corporation

Mercantile Bank Corporation is a U.S. regional banking company listed on NASDAQ as MBWM. Through Mercantile Bank of Michigan, it provides commercial banking and personal banking services to small and mid-sized businesses and individual customers, and generated $371.8 million of revenue in FY2025.

Name
Mercantile Bank Corporation
CEO
Raymond E. Reitsma
Website
www.mercbank.com
Industry
Financial Services
Year Founded
1997
Employees
765

Today's Snapshot

AI-generated

So far today, MBWM is trading 0.6% higher at 60.70, while its sector was flat. MBWM remains within 2.7% of its 52-week high of 62.39.

Trading Volume

Below 10d avg (96.9K)

30.9K

vs S&P 500 Today

Outperforming Market

+1.18%

Updated: September 10, 2026 at 16:42 UTC

Technical Indicators

4 Buy3 Neutral1 Sell
MBWM carries a buy bias based on broad support from moving averages and constructive volume, even as trend strength is modest. ADX is low, suggesting a weak directional trend, while momentum indicators are mildly positive—RSI just above neutral and a positive short-term Momentum reading—with MACD slightly positive. The price is at or above the 10- to 50-day averages and well above the 100/200-day levels, VWAP aligns with the current price, and OBV shows accumulation. Volatility is contained with ATR about $1.35, which supports a measured upward tilt. Technical takeaway: Buy bias.
All signals
  • EMA (5 indicators)$53.76 - $60.64
    Buy
  • RSI (14)52.03
    Neutral
  • Stochastic %K (14, 3, 3)53.28
    Neutral
  • MACD Level (12, 26)0.33
    Neutral

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