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Mercantile Bank

(NASDAQ) MBWM

Current Price$50.62
Market Cap$871.00M
Since IPO (1997)+1,057%
5 Year+87%
1 Year+25%
1 Month+0%

Mercantile Bank Financials at a Glance

Market Cap

$871.00M

Revenue (TTM)

$379.27M

Net Income (TTM)

$91.90M

EPS (TTM)

$5.58

P/E Ratio

9.04

Dividend

$1.52

Beta (Volatility)

0.81 (Low)

Price

$50.62

Volume

4,216

Open

$50.81

Previous Close

$50.62

Daily Range

$49.89 - $50.85

52-Week Range

$41.27 - $55.77

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About Mercantile Bank

Industry

Banks

Employees

766

CEO

Raymond E. Reitsma

Headquarters

Grand Rapids, MI 49504, US

MBWM Financials

Key Financial Metrics (TTM)

Gross Margin

66%

Operating Margin

28%

Net Income Margin

24%

Return on Equity

14%

Return on Capital

2%

Return on Assets

1%

Earnings Yield

11.06%

Dividend Yield

0.03%

Payout Ratio

26.06%

Stock Overview

Market Cap

$871.00M

Shares Outstanding

17.27M

Volume

4.22K

Short Interest

0.00%

Avg. Volume

108.57K

Financials (TTM)

Gross Profit

$238.05M

Operating Income

$102.09M

EBITDA

$106.50M

Operating Cash Flow

$17.97M

Capital Expenditure

$6.76M

Free Cash Flow

$11.21M

Cash & ST Invst.

$1.58B

Total Debt

$825.88M

Mercantile Bank Performance Analysis

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$96.51M

+8.4%

Gross Profit

$68.79M

+24.7%

Gross Margin

71.27%

N/A

Market Cap

$871.00M

N/A

Market Cap/Employee

$1.32M

N/A

Employees

662

N/A

Net Income

$22.68M

+16.1%

EBITDA

$27.28M

+6.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Net Cash

$470.60M

+175.7%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$483.75M

+8.4%

Short Term Debt

$219.51M

-27.3%

Return on Assets

1.32%

N/A

Return on Invested Capital

1.57%

N/A

Free Cash Flow

$5.42M

-90.9%

Operating Cash Flow

$5.65M

-90.6%

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Questions About MBWM

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