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Company ProfileMercantile Bank Corporation
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
MBWM
Mercantile Bank Corporation Stock AnalysisComprehensive stock analysis for Mercantile Bank Corporation (MBWM) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisMBWM
MBWM
Mercantile Bank Corporation
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
MBWM
Home🔹Stocks🔹Mercantile Bank Corporation

Mercantile Bank Corporation

🇺🇸MBWM•NASDAQ

Mercantile Bank Corporation

🇺🇸MBWM•NASDAQ
Market cap
$1.02B
Sentiment

Your view on MBWM

Mkt Cap
$1.02B
Sentiment
Your view
Company Overview

Overview

What the company does, where it operates, and who runs it.

About Mercantile Bank Corporation

Industry
Banks - Regional
Sector
Financial Services
CEO
Raymond E. Reitsma
Headquarters
310 Leonard Street NW, Grand Rapids, MI, US
Industry
Banks - Regional
Sector
Financial Services
CEO
Raymond E. Reitsma
Headquarters
310 Leonard Street NW, Grand Rapids, MI, US
Description

Mercantile 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.

FRC Research

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for Mercantile Bank Corporation, and the rating behind it. MBWM last traded at $59.09, 10.5× trailing earnings — the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Mercantile Bank Corporation. Starting points for Mercantile Bank Corporation: P/E 10.5, EPS $5.52, beta 0.81 — an Banks - Regional name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Mercantile Bank Corporation. Mercantile Bank Corporation paid $1.56 per share over the last year — a 2.6% yield at the current $59.09 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Mercantile Bank Corporation. Trailing twelve-month EPS for Mercantile Bank Corporation stands at $5.52. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Mercantile Bank Corporation. Mercantile Bank Corporation has reported as a listed company since 1999. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Mercantile Bank Corporation valued side by side against its closest peers. Mercantile Bank Corporation is measured against Banks - Regional peers within the Financial Services sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold Mercantile Bank Corporation, and how their positions are changing. At a $1.02B market value, institutional positions materially move Mercantile Bank Corporation's register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by Mercantile Bank Corporation executives and directors. Shares of Mercantile Bank Corporation have traded between $37.76 and $52.98 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming Mercantile Bank Corporation. Mercantile Bank Corporation is a $1.02B Financial Services company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming Mercantile Bank Corporation. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Mercantile Bank Corporation. Coverage tracks Mercantile Bank Corporation within Banks - Regional (Financial Services). Press releases and market coverage, newest first.

Discussion

Comments

Comments and replies from FRC members about this company.

Peer companies

  • AMTBAmerant Bancorp Inc.
  • BFSTBusiness First Bancshares, Inc.
  • CCNECNB Financial Corporation
  • HBNCHorizon Bancorp, Inc.
  • HBTHBT Financial, Inc.
  • HTBHomeTrust Bancshares, Inc.
  • MCBMetropolitan Bank Holding Corp.
  • NBNNortheast Bank

More Banks - Regional companies

  • BNPQFBNP Paribas S.A.
  • BNPQYBNP Paribas S.A.
  • BOHBank of Hawaii Corporation
  • BOKFBOK Financial Corporation
  • BOLBPBOL Bancshares Inc. PFD
  • BOQ.AXBank of Queensland Limited
  • BORTBank of Botetourt
  • BOTJBank of the James Financial Group, Inc.
  • BPCGFBanco Comercial Português, S.A.
  • BPHLFBank of the Philippine Islands
  • BPHLYBank of the Philippine Islands
  • BPOPPopular, Inc.

ETFs holding Mercantile Bank Corporation

Largest holders, then the funds most concentrated in MBWM · % = share of the fund

  • AVUVAvantis U.S. Small Cap Value ETF0.11%
  • VTIVanguard Total Stock Market ETF0.00%
  • IWMiShares Russell 2000 ETF0.04%
  • DFSVDimensional - US Small Cap Value ETF0.07%
  • QABAFirst Trust NASDAQ ABA Community Bank Index Fund0.42%
  • KREState Street SPDR S&P Regional Banking ETF0.26%
  • BFORBarron's 400SM ETF0.24%
  • IWCiShares Micro-Cap ETF0.24%
MBWM Analysis
Good
Past4
Growth5
Health3
Profit3
Value3

News

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