Mercantile Bank Corp (MBWM) stock
Close on Nov 13, 2026Market cap $1.06BP/E 10.9Yield 2.45%
Mercantile Bank Corp grew revenue 13.6% to $271.62M over the twelve months to Sep 30, 2026. At the latest close the market valued the company at $1.06B, 10.9 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $1.06B
- P/E ratio
- 10.9
- Price to sales
- 3.90
- Price to book
- 1.42
- Dividend yield
- 2.45%
- Free cash flow yield
- –
Fundamentals
- Revenue
- $271.62M
- Net income
- $95.52M
- EPS, diluted
- $5.61
- Book value per share
- $43.03
- Diluted shares
- 17M
Trading
- Next earnings
- Jan 19, 2027 (estimated, before the open)
- Previous close
- $61.11
- Open
- $61.29
- Day's range
- $61.08 – $61.49
- Volume
- 152,982
- Average volume (20 days)
- 124,806
- Index membership
- Russell 2000, Russell 3000
- Beta (5 years)
- 0.65
- 52-week range
- $43.00 – $63.41
- RSI (14 days)
- 56.1
- Volatility (1 year)
- 23.6%
- Relative volume
- 1.29×
- WACC
- 8.4%
Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2011, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.
| Period | MBWM | S&P 500 | Difference | MBWM per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +5.5% | -3.0% | +8.6 pts | ||
| 3 months | +0.4% | -2.8% | +3.2 pts | ||
| Year to date | +30.1% | +11.5% | +18.6 pts | ||
| 1 year | +38.5% | +13.5% | +25.0 pts | ||
| 3 years | +98.1% | +77.7% | +20.4 pts | +25.6% | +21.1% |
| 5 years | +99.6% | +72.6% | +27.0 pts | +14.8% | +11.5% |
| 10 years | +184.5% | +308.2% | −123.7 pts | +11.0% | +15.1% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Net income
EPS, diluted
Press releases
Releases Mercantile Bank filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
About Mercantile Bank
State Commercial Banks
Mercantile Bank Corporation operates as a bank holding company that delivers financial services across commercial and retail banking segments. The company's lending activities encompass commercial and industrial loans, vacant land and development financing, residential construction loans, and various commercial real estate mortgages, including owner-occupied, non-owner-occupied, and multi-family properties. On the retail side, it offers one-to-four family residential mortgages alongside other consumer loans. Beyond core credit solutions, the organization provides deposit and sweep account maintenance, customer support, credit and debit card capabilities, payroll processing, and interest rate swap fee services. Its customer base includes commercial enterprises, real estate developers, building lessors, and individual consumers.
Company profile, executives and historyMercantile Bank stock: common questions
What is Mercantile Bank's stock price?
MBWM closed at $61.25 on Nov 13, 2026, up 0.23% on the day. Over the past 52 weeks it traded between $43.00 and $63.41.
What is Mercantile Bank's market cap?
Mercantile Bank was worth $1.06B at the close on Nov 13, 2026: the share price times the diluted shares outstanding.
What is MBWM's P/E ratio?
MBWM trades at 10.9 times earnings, based on diluted earnings per share of $5.61 over the twelve months to Sep 30, 2026.
How much revenue does Mercantile Bank make?
Mercantile Bank reported revenue of $271.62M for the twelve months to Sep 30, 2026, up 13.6% from a year earlier.
Does Mercantile Bank pay a dividend?
Yes. Mercantile Bank paid $1.50 per share over the last twelve months, a yield of 2.45% at the latest price, and has raised its annual dividend 6 years in a row.
When does Mercantile Bank report earnings next?
Mercantile Bank is expected to report Q4 FY2026 results on Jan 19, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.
How has MBWM stock performed over the past year?
Including dividends, MBWM returned +38.5% over the past year, against +13.5% for the S&P 500.
How many MBWM shares are sold short?
1M shares were sold short at the latest FINRA report, 3.19% of the float, or 4.2 days of average trading volume.
Who are Mercantile Bank's competitors?
Companies most similar to Mercantile Bank by business, industry and size include CBAN, ORRF, CTBI, OSBC, MSBI.
See a number that looks wrong?