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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. more
| Time Frame | MBWM | Sector | S&P500 |
|---|---|---|---|
| 1-Week Return | 0.57% | -3.55% | -1.5% |
| 1-Month Return | 7.33% | -2.91% | 0.6% |
| 3-Month Return | 23.75% | 0.39% | 2.43% |
| 6-Month Return | 16.16% | -1.62% | 6.01% |
| 1-Year Return | 10.78% | -1% | 11.48% |
| 3-Year Return | 54.02% | 41.93% | 67.52% |
| 5-Year Return | 83.71% | 60.3% | 73.75% |
| 10-Year Return | 139.7% | 201.33% | 254.46% |
| Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | 5YR TREND | |
|---|---|---|---|---|---|---|
| Total Revenue | 198.66M | 213.92M | 303.50M | 361.89M | 371.80M | [{"date":"2021-12-31","value":53.43,"profit":true},{"date":"2022-12-31","value":57.54,"profit":true},{"date":"2023-12-31","value":81.63,"profit":true},{"date":"2024-12-31","value":97.33,"profit":true},{"date":"2025-12-31","value":100,"profit":true}] |
| Cost of Revenue | 15.13M | 30.14M | 85.51M | 137.82M | 133.75M | [{"date":"2021-12-31","value":10.98,"profit":true},{"date":"2022-12-31","value":21.87,"profit":true},{"date":"2023-12-31","value":62.05,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-12-31","value":97.05,"profit":true}] |
| Gross Profit | 183.52M | 183.77M | 217.99M | 224.07M | 238.05M | [{"date":"2021-12-31","value":77.09,"profit":true},{"date":"2022-12-31","value":77.2,"profit":true},{"date":"2023-12-31","value":91.57,"profit":true},{"date":"2024-12-31","value":94.13,"profit":true},{"date":"2025-12-31","value":100,"profit":true}] |
| Gross Margin | 92.38% | 85.91% | 71.82% | 61.92% | 64.03% | [{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":92.99,"profit":true},{"date":"2023-12-31","value":77.75,"profit":true},{"date":"2024-12-31","value":67.02,"profit":true},{"date":"2025-12-31","value":69.31,"profit":true}] |
| Operating Expenses | 109.81M | 107.98M | 115.29M | 125.79M | 135.96M | [{"date":"2021-12-31","value":80.77,"profit":true},{"date":"2022-12-31","value":79.42,"profit":true},{"date":"2023-12-31","value":84.8,"profit":true},{"date":"2024-12-31","value":92.52,"profit":true},{"date":"2025-12-31","value":100,"profit":true}] |
| Operating Income | 73.72M | 75.79M | 102.70M | 98.29M | 102.09M | [{"date":"2021-12-31","value":71.78,"profit":true},{"date":"2022-12-31","value":73.8,"profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":95.7,"profit":true},{"date":"2025-12-31","value":99.41,"profit":true}] |
| Total Non-Operating Income/Expense | 103.66M | 141.67M | 298.25M | (30.53M) | - | [{"date":"2021-12-31","value":34.76,"profit":true},{"date":"2022-12-31","value":47.5,"profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":-10.23,"profit":false},{"date":"2025-12-31","value":"-","profit":true}] |
| Pre-Tax Income | 73.72M | 75.79M | 102.70M | 98.29M | 102.09M | [{"date":"2021-12-31","value":71.78,"profit":true},{"date":"2022-12-31","value":73.8,"profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":95.7,"profit":true},{"date":"2025-12-31","value":99.41,"profit":true}] |
| Income Taxes | 14.70M | 14.73M | 20.48M | 18.69M | 13.34M | [{"date":"2021-12-31","value":71.75,"profit":true},{"date":"2022-12-31","value":71.9,"profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":91.27,"profit":true},{"date":"2025-12-31","value":65.13,"profit":true}] |
| Income After Taxes | 59.02M | 61.06M | 82.22M | 79.59M | - | [{"date":"2021-12-31","value":71.79,"profit":true},{"date":"2022-12-31","value":74.27,"profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":96.81,"profit":true},{"date":"2025-12-31","value":"-","profit":true}] |
| Income From Continuous Operations | 59.02M | 61.06M | 83.99M | 79.59M | - | [{"date":"2021-12-31","value":70.27,"profit":true},{"date":"2022-12-31","value":72.7,"profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":94.76,"profit":true},{"date":"2025-12-31","value":"-","profit":true}] |
| Income From Discontinued Operations | - | - | - | - | - | [{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true},{"date":"2025-12-31","value":"-","profit":true}] |
| Net Income | 59.02M | 61.06M | 82.22M | 79.59M | 88.75M | [{"date":"2021-12-31","value":66.5,"profit":true},{"date":"2022-12-31","value":68.8,"profit":true},{"date":"2023-12-31","value":92.63,"profit":true},{"date":"2024-12-31","value":89.68,"profit":true},{"date":"2025-12-31","value":100,"profit":true}] |
| EPS (Diluted) | 3.88 | 3.85 | 5.13 | 4.95 | 5.46 | [{"date":"2021-12-31","value":71.06,"profit":true},{"date":"2022-12-31","value":70.51,"profit":true},{"date":"2023-12-31","value":93.96,"profit":true},{"date":"2024-12-31","value":90.66,"profit":true},{"date":"2025-12-31","value":100,"profit":true}] |
These ratios help you determine the liquidity of the company. Higher is better.
| MBWM | |
|---|---|
| Cash Ratio | 0.29 |
| Current Ratio | 0.29 |
These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.
| MBWM | |
|---|---|
| ROA (LTM) | 1.38% |
| ROE (LTM) | 13.56% |
These ratios help you understand the company's liabilities, gauging the riskiness of the investment.
| MBWM | |
|---|---|
| Debt Ratio Lower is generally better. Negative is bad. | 0.89 |
| Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. | 0.11 |
These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.
| MBWM | |
|---|---|
| Trailing PE | 9.86 |
| Forward PE | 10.87 |
| P/S (TTM) | 3.89 |
| P/B | 1.28 |
| EV/R | 5.87 |
| EV/Ebitda | NM |
| PEG | 2.51 |
Mercantile Bank Corporation (MBWM) share price today is $54.34
Yes, Indians can buy shares of Mercantile Bank Corporation (MBWM) on Vested. To buy
Yes, you can purchase fractional shares of Mercantile Bank Corporation (MBWM) via the Vested app. You can start investing in Mercantile Bank Corporation (MBWM) with a minimum investment of $1.
You can invest in shares of Mercantile Bank Corporation (MBWM) via Vested in three simple steps:
The 52-week high price of Mercantile Bank Corporation (MBWM) is $55.77. The 52-week low price of Mercantile Bank Corporation (MBWM) is $36.85.
The price-to-earnings (P/E) ratio of Mercantile Bank Corporation (MBWM) is 9.8574
The price-to-book (P/B) ratio of Mercantile Bank Corporation (MBWM) is 1.28
The dividend yield of Mercantile Bank Corporation (MBWM) is 2.79%
The market capitalization of Mercantile Bank Corporation (MBWM) is $926.41M
The stock symbol (or ticker) of Mercantile Bank Corporation is MBWM
Consider the share price of Mercantile Bank Corporation as a long-term story and not a daily point list. The price represents a movement of the stock in both good and bad times when looked at over many years. This assists the investors to know whether Mercantile Bank Corporation has succeeded to expand steadily and overcome market declines. With this price movement observed and the way the business is progressing, it is easier to make a decision whether the stock is worth having in the long term or not.
When investing in Mercantile Bank Corporation shares, you are not based in India then your investment is not just based on the stock price. It is also determined by the currency movement of the dollar in relation to the rupee. When you have an appreciation of the Mercantile Bank Corporation stock and the dollar appreciation is also the same, you gain more in terms of rupees. When the rupee appreciated, it will lower your profits. This currency flow is a silent cause of great contribution to your ultimate returns over many years.
Rather than merely checking the share price of Mercantile Bank Corporation and comparing it with that of other stocks in the same sector, one can check how robust the business is. Investors tend to compare such aspects as profits, cash generation, and the stability of the revenues of the company. This means that Mercantile Bank Corporation stock in most cases does not react in the same manner as other companies in the sector due to its brand and services revenue.
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