Price
No data yet.
Social Signal Score
Analyst Ratings
8 analystsRevenue
$98.19M+180.63%Analyst Estimates
Consensus estimates, not results. Via Financial Modeling Prep.
Company Profile
- CEO
- Raymond E. Reitsma
- Sector
- Financial Services
- Industry
- Banks - Regional
- Employees
- 765
- Beta
- 0.84
- Country
- US
- Piotroski score
- 5 / 9 (Middling)
- Altman Z-score
- -0.46
Financials
Revenue
$98.19M+180.6%Net Income
$25.93M+230.5%EBITDA
$32.36M+132.4%Free Cash Flow
$14.94M+166.4%EPS (diluted)
$1.50+212.5%Shares Outstanding (diluted)
17.26M+5.8%Operating Expenses
$39.38MCash & Debt
$1.20BReturn of Capital
$6.64MRevenue by Segment (annual)
$21.69MDividend per Share
$0.40Quote
Valuation & Ratios
Returns & Efficiency
Revenue & Net Income (Annual)
| Fiscal Year | Revenue | Net Income | EPS |
|---|---|---|---|
| 2025 | $371.80M | $88.75M | $5.46 |
| 2024 | $361.89M | $79.59M | $4.93 |
| 2023 | $303.50M | $82.22M | $5.13 |
| 2022 | $213.92M | $61.06M | $3.85 |
| 2021 | $198.66M | $59.02M | $3.69 |
| 2020 | $193.49M | $44.14M | $2.71 |
| 2019 | $185.29M | $49.46M | $3.01 |
| 2018 | $160.99M | $42.02M | $2.53 |
| 2017 | $144.54M | $31.27M | $1.90 |
| 2016 | $139.50M | $31.91M | $1.96 |
| 2015 | $128.37M | $27.02M | $1.63 |
| 2014 | $99.15M | $17.33M | $1.28 |
| 2013 | $65.11M | $17.03M | $1.96 |
| 2012 | $67.91M | $12.54M | $1.33 |
Valuation
Project earnings forward and see what return today's price implies.
Seeded from MBWM's reported EPS growth of 11.5% a year over 13 years.
- EPS in 5 years
- $9.40
- Implied price
- $84.64
- Return from $58.03
- 7.8% a year
To earn 15.0% a year on these assumptions you'd need to buy at $42.08 — -27.5% below today's price.
How sensitive is that answer?
Annual return across nearby assumptions. If the result is only attractive in one corner, that is the finding.
| growth \ P/E | 5 | 7 | 9 | 11 | 13 |
|---|---|---|---|---|---|
| 1.5% | -12.7% | -6.6% | -1.8% | 2.2% | 5.7% |
| 6.5% | -8.4% | -2.0% | 3.0% | 7.2% | 10.9% |
| 11.5% | -4.1% | 2.6% | 7.8% | 12.3% | 16.1% |
| 16.5% | 0.2% | 7.2% | 12.7% | 17.3% | 21.3% |
| 21.5% | 4.5% | 11.8% | 17.5% | 22.3% | 26.5% |
This is arithmetic on assumptions you chose, not a forecast or a recommendation. It ignores dividends, buybacks, share issuance and debt, and it assumes a company still earning money in 5 years. Change any input and the answer changes a lot — that sensitivity is the honest result, not a flaw in the model.
Signal Score (90d)
100+0.00%Social Signal Score
Mentions (3)
- Newszacks.com·1d ago·Neutral
Earnings Preview: Mercantile Bank (MBWM) Q3 Earnings Expected to Decline Mercantile Bank (MBWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
View source ↗ - Newszacks.com·7d ago·Positive
Why Mercantile Bank (MBWM) is a Top Dividend Stock for Your Portfolio Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Mercantile Bank (MBWM) have what it takes?
View source ↗ - Newsprnewswire.com·14d ago·Neutral
Mercantile Bank Corporation Announces Third Quarter 2026 Results Conference Call and Webcast GRAND RAPIDS, Mich., Sept. 30, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
View source ↗
Earnings
Tue, Oct 20(in 5 days)
Consensus estimate $1.35 per share
Typical surprise +5.8% (median, so one quarter with a near-zero estimate can't distort it)
- Tue, Jul 21$1.53 vs $1.32beat
- Tue, Apr 21$1.32 vs $1.26beat
- Tue, Jan 20$1.40 vs $1.37beat
- Tue, Oct 21$1.46 vs $1.38beat
- Tue, Jul 22$1.39 vs $1.23beat
- Tue, Apr 22$1.21 vs $1.19beat
Estimates and results for MBWM via Financial Modeling Prep. Beating consensus says the company cleared the bar analysts set, not that the business grew.
Insider trading
Open-market buys and sells by MBWM officers and directors.
- Bought
- $224k
- Sold
- $966k
13 trades
13 trades
- Price Michael Hsold
- Price Michael Hsold
- Sanchez Nelson Fbought
- Ramaker David Bbought
- Williams Shoran Rbought
- Kaminski Robert Bsold
- Kaminski Robert Bsold
- Kaminski Robert Bsold
74 further Form 4 entries are share awards, option exercises or shares withheld for tax. Those are compensation, not trades, so they are excluded above. Buying is the stronger signal: an insider spends their own money for one reason. Selling has many innocent explanations — tax, diversifying, a house — so it says far less than it appears to. Via SEC filings.
Prediction Markets
Live market-implied probabilities from Polymarket. These are odds traders are paying for, not forecasts — and not investment advice.
- Will Mercantile Bank (MBWM) beat quarterly earnings?$1K vol · resolves Oct 20, 2026
- Will Mercantile Bank (MBWM) beat quarterly earnings?52%
Congress trades
No disclosed congressional trades in MBWM.
Self-reported filings, amounts as brackets. Via Senate/House disclosures.