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MBWM · NASDAQ

Mercantile Bank (MBWM) Stock Price & Fundamentals

$518.53+1.69%+$8.61End-of-day price as of Oct 9, 2026

Mercantile Bank (MBWM) closed at $518.53 on Oct 9, 2026, up 1.69% from the previous close of $509.92.

Share price, past year

1Y +4.08%
Daily closing prices

52-week range $469.62 – $522.99.
Monthly closing prices
Last closing price of each month
DateClose
Oct 9, 2026$518.53
Sep 30, 2026$498.38
Aug 31, 2026$511.61
Jul 31, 2026$507.19
Jun 30, 2026$500.48
May 29, 2026$503.06
Apr 30, 2026$477.73
Mar 31, 2026$490.37
Feb 27, 2026$508.37
Jan 30, 2026$491.75
Dec 31, 2025$500.28
Nov 28, 2025$504.52
Oct 31, 2025$504.56

Key statistics

Market cap
$8.96B
P/E (TTM)
91.1
EPS (TTM)
$5.69
Revenue (TTM)
$260.81M
Net income (TTM)
$95.21M
Shares outstanding
17.3M
Dividend yield
—
52-week range
$469.62 – $522.99

Mercantile Bank's market cap is $8.96B, based on a share price of $518.53 and 17.3M shares outstanding as of Jun 30, 2026.

Financials

Mercantile Bank reported revenue (net interest income plus fees and other income) of $242.65M for fiscal 2025, up 4.83% from fiscal 2024.

Mercantile Bank earned net income of $88.75M in fiscal 2025, a net margin of 36.6%.

Fiscal 2025 revenue was the highest in the 10 years shown.

Annual revenue

FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Annual revenue by fiscal year; the table below lists the values.
Mercantile Bank annual financials by fiscal year, from SEC filings
Fiscal yearRevenueGrowthNet incomeNet marginEPS (diluted)Free cash flow
FY2025ended Dec 31, 2025$242.65M+4.8%$88.75M36.6%$5.47—
FY2024ended Dec 31, 2024$231.48M+2.6%$79.59M34.4%$4.93—
FY2023ended Dec 31, 2023$225.69M+18.6%$82.22M36.4%$5.13—
FY2022ended Dec 31, 2022$190.32M+5.6%$61.06M32.1%$3.85—
FY2021ended Dec 31, 2021$180.28M+7.7%$59.02M32.7%$3.69—
FY2020ended Dec 31, 2020$167.42M+10.5%$44.14M26.4%$2.71—
FY2019ended Dec 31, 2019$151.49M+8.9%$49.46M32.7%$3.01—
FY2018ended Dec 31, 2018$139.09M+8.0%$42.02M30.2%$2.53—
FY2017ended Dec 31, 2017$128.75M+1.5%$31.27M24.3%$1.90—
FY2016ended Dec 31, 2016$126.91M—$31.91M25.2%$1.96—
Mercantile Bank quarterly results
QuarterRevenueNet incomeEPS (diluted)
Q2 FY2026ended Jun 30, 2026$68.76M$25.93M$1.50
Q1 FY2026ended Mar 31, 2026$67.59M$22.69M$1.32
Q4 FY2025ended Dec 31, 2025$62.07M$22.84M$1.41
Q3 FY2025ended Sep 30, 2025$62.39M$23.76M$1.46
Q2 FY2025ended Jun 30, 2025$60.94M$22.62M$1.39
Q1 FY2025ended Mar 31, 2025$57.25M$19.54M$1.21
Q4 FY2024ended Dec 31, 2024$58.53M$19.63M$1.20
Q3 FY2024ended Sep 30, 2024$57.96M$19.62M$1.22

Company profile

Name
Mercantile Bank Corporation
Ticker
MBWM
Exchange
NASDAQ
Industry (SEC SIC)
State Commercial Banks
Headquarters
310 Leonard Street Nw, Grand Rapids, MI 49504
Incorporated in
MI
Fiscal year ends
December
SEC CIK
0001042729

Recent SEC filings

Frequently asked questions

What is Mercantile Bank's stock price?

Mercantile Bank (MBWM) closed at $518.53 on Oct 9, 2026, up 1.69% from the previous close of $509.92.

What is Mercantile Bank's market cap?

Mercantile Bank's market cap is $8.96B, based on a share price of $518.53 and 17.3M shares outstanding as of Jun 30, 2026.

How much revenue does Mercantile Bank make?

Mercantile Bank reported revenue (net interest income plus fees and other income) of $242.65M for fiscal 2025, up 4.83% from fiscal 2024.

What is MBWM's P/E ratio?

Mercantile Bank's price-to-earnings ratio is 91.1, based on trailing twelve-month diluted EPS of $5.69.

Does Mercantile Bank pay a dividend?

Mercantile Bank's recent filings report no dividends declared over the last four quarters.

Sources and methodology

Fundamentals come from Mercantile Bank Corporation's filings with the SEC (EDGAR XBRL company facts). Fourth-quarter figures that companies don't report separately are calculated as the fiscal year minus the first three quarters. Trailing twelve-month (TTM) figures sum the latest four quarters. Prices are generated sample data for development. Last updated Oct 9, 2026. Data sources and disclosures