Mercantile Bank Corp share price logo

Mercantile Bank Corp Share Price

NASDAQ: MBWM

Small Cap

$48.69

-1.59

(-3.16%)

as on

Mercantile Bank Corp Stock Performance

as on March 21, 2026 at 6:59 am IST

  • Day's Low

    Day's High

    $48.53
    $50.42
    downward going graph

    0.33%

    Downside

    3.55%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    $37.76
    $55.77
    downward going graph

    22.45%

    Downside

    14.54%

    Upside

    downward going graph

Mercantile Bank Corp share price movements today

Previous Close
$50.28
Open
$50.28
Volume
329.5K
Day's Low - High
$48.53 - $50.42
52 Week Low - High
$37.76 - $55.77

Mercantile Bank Corp Historical Returns

1 Month Return
-10.13 %
3 Month Return
-1.76 %
1 Year Return
+ 9.92 %
3 Year Return
+ 53.39 %
5 Year Return
+ 46.33 %

Mercantile Bank Corp Stock Fundamentals & Key Indicators

Check Mercantile Bank Corp market cap, PE, PB, PEG ratios, dividend yield, and other key fundamental indicators.

Market Cap

$868.5M

EPS (TTM)

5.62

Dividend Yield

2.94%

Quarterly Earnings Growth YOY

0.16%

PE Ratio (TTM)

9.19

Industry PE ratio

8.72991341991342

PEG Ratio

1.6313

EBITDA

-

Revenue (TTM)

238.5M

Profit Margin

37.22%

Return On Equity TTM

13.56%

Mercantile Bank Corp Stock Valuation

Track how Mercantile Bank Corp P/E has moved over time to understand its valuation trends.

Mercantile Bank Corp in the last 5 years

  • Overview

  • Trends

Lowest (5.59x)

June 30, 2023

Industry (8.73x)

March 21, 2026

Today (9.19x)

March 21, 2026

Highest (10.04x)

March 31, 2021

LowHigh

Today’s Price to Earnings Ratio: 9.19x

Mercantile Bank Corp vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of Mercantile Bank Corp with its industry peers.

Company
Analyst View
Market Cap
5 Years Return %PE RatioProfit Margin %
Mercantile Bank Corp image
Mercantile Bank Corp
BUY$868.5M46.33%9.1937.22%
Mizuho Financial Group, Inc. image
Mizuho Financial Group, Inc.
BUY$94.9B138.68%14.6426.13%
Itaú Unibanco Holding S.a. image
Itaú Unibanco Holding S.a.
BUY$89.5B75.2%10.5532.28%
Pnc Financial Services Group, Inc. image
Pnc Financial Services Group, Inc.
BUY$81.7B14.74%12.1831.08%
U.s. Bancorp image
U.s. Bancorp
HOLD$79.7B-7.17%11.128.72%
See all

Stock Returns calculator for Mercantile Bank Corp Stock including INR - Dollar returns

The Mercantile Bank Corp stock calculator helps Indian investors calculate returns based on the historical performance of the stock. Just choose your investment amount and duration to get insights and invest more confidently. See stock returns as well as the effect of dollar appreciation over different durations.

*Dollar Return is the profit earned when the US dollar rises in value compared to the Indian rupee.

Investment Value

₹1,00,000

  • 1Y

  • 3Y

  • 5Y

  • 7Y

  • 10Y

Mercantile Bank Corp investment value today

Current value as on today

₹1,19,479

Returns

₹19,479

(+19.48%)

Returns from Mercantile Bank Corp Stock

₹10,034 (+10.03%)

Dollar Returns*

₹9,445 (+9.44%)

Analyst Recommendation on Mercantile Bank Corp Stock

Based on 10 analysts

BUY

70.00%

Buy

30.00%

Hold

0.00%

Sell

Based on 10 analysts, 70% of analysts recommend a 'BUY' rating for Mercantile Bank Corp. Average target price of $57.4

Mercantile Bank Corp Share Price Target

Get share price movements and forecasts by analysts on Mercantile Bank Corp.

What analysts predicted

15.17%UPSIDE

Target Price

$57.4

Current Price

$48.69

Analyzed by

10 Analysts

Target

$57.40

Mercantile Bank Corp target price $57.4, a slight upside of 15.17% compared to current price of $48.69. According to 10 analysts rating.

Mercantile Bank Corp Stock’s Investor Sentiment and Interest

Search interest for Mercantile Bank Corp Stock has decreased by -33% in the last 30 days, reflecting a downward trend in search activity.

Time period: to

Change:-33% versus previous 30 day period

Mercantile Bank Corp Quarterly Profit & Loss

All numbers in Millions USD

Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Total Revenue
80
82
87
88
93
92
89
93
96
93
Gross Profit
54
55
56
53
56
57
55
59
62
61
Operating Income
25
25
26
23
24
23
24
25
27
24
EBITDA
28
27
29
26
27
25
25
27
28
24
Interest Expense
22
25
29
31
35
34
31
32
33
31
Depreciation
2
2
2
2
2
2
1
1
1
1
Income Before Tax
25
25
26
23
24
23
24
25
27
24
Income Tax Expense
5
5
5
4
4
3
4
3
3
1
Net Income
20
20
21
18
19
19
19
22
23
22
Net Profit Margin
25.94%
24.40%
24.62%
21.21%
21.08%
21.18%
21.94%
24.21%
24.74%
24.48%

Mercantile Bank Corp Annual Profit & Loss

All numbers in Millions USD

Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Total Revenue
139
144
160
185
193
198
213
303
361
371
Gross Profit
124
125
137
149
153
183
183
217
224
238
Operating Income
46
46
51
60
54
73
75
102
98
102
EBITDA
56
56
61
70
64
87
88
114
108
106
Interest Expense
12
15
21
33
26
19
23
77
130
129
Depreciation
-
10
9
9
9
13
12
11
10
5
Income Before Tax
46
46
51
60
54
73
75
102
98
102
Income Tax Expense
14
14
9
11
10
14
14
20
18
13
Net Income
31
31
42
49
44
59
61
82
79
88
Net Profit Margin
22.88%
21.64%
26.10%
26.69%
22.81%
29.71%
28.55%
27.09%
21.99%
23.87%

Mercantile Bank Corp Quarterly Cash Flow

All numbers in Millions USD

Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Net Income
20
21
18
19
19
19
22
23
22
Operating Cash Flow
-7
40
9
-8
59
-2
-7
23
5
Investing Cash Flow
-198
-13
-155
-153
-102
-82
-95
63
7
Financing Cash Flow
70
79
106
292
107
77
13
94
-17
Change in Cash
-135
106
-39
130
64
-7
-89
180
-3

Mercantile Bank Corp Annual Cash Flow

All numbers in Millions USD

Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Net Income
31
42
49
44
59
61
82
79
88
Operating Cash Flow
38
61
44
37
64
119
66
101
17
Investing Cash Flow
-191
-210
-92
-398
-495
-554
-395
-425
-105
Financing Cash Flow
169
23
206
753
780
-443
363
586
168
Change in Cash
16
-124
158
392
349
-878
33
262
80

Global Institutional Holdings in Mercantile Bank Corp

Funds
Holdings
Dimensional Fund Advisors, Inc.
5.97%
Bridgeway Capital Management, LLC
0.66%
Tributary Capital Management, LLC
1.44%
Geode Capital Management, LLC
2.39%
AQR Capital Management LLC
1.05%
See all

Insights on Mercantile Bank Corp

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, MBWM stock has moved up by 4.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Itaú Unibanco Holding S.a. has given 42.7% return, outperforming this stock by 32.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Mizuho Financial Group, Inc. has given 98.3% return, outperforming this stock by 41.1%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 23.75M → 22.84M (in $), with an average decrease of 3.9% per quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 96.03M → 93.31M (in $), with an average decrease of 2.8% per quarter

About Mercantile Bank Corp

mercantile bank of michigan was founded in 1997 by directors and bankers who firmly believe that customers, employees, and the communities they live in, are best served by financial institutions with local roots. at mercantile bank, we use our local directors, our commitment to the community, and our knowledge of michigan to enable us to deliver our services in a way that truly sets us apart from our competitors. we feel our focus on the michigan business community is the best way to help build the economy, and ultimately the community.
OrganisationMercantile Bank Corp
Headquarters310 Leonard Street NW, Grand Rapids, MI, United States, 49504
IndustryFinance
CEOMr. Raymond E. Reitsma
E-voting on sharesClick here to vote

Key Management of Mercantile Bank Corp

Name

Title

Mr. Charles E. Christmas

Executive VP, CFO & Treasurer

Mr. Scott P. Setlock

Executive VP, COO & Secretary

Mr. Brett E. Hoover

Executive VP & Chief Human Resource Officer

Sonali D. Allen

Senior VP and Chief Compliance & Community Development Officer of Mercantile Bank

Mr. Douglas J. Holtrop

Executive VP & Senior Lending Officer of Mercantile Bank

Tara M. Randall

Executive VP & Chief Experience Officer

Mr. Raymond E. Reitsma

President, CEO & Director

Mr. Mark S. Augustyn

Executive VP & Chief Commercial Banking Officer of the Bank

Mr. Jeff Kaiser

Senior VP & Head of Risk Management Department

Mr. Justin M. Karl

Executive VP & Senior Lending Officer of Mercantile Bank

FAQs

What is Mercantile Bank Corp share price today?

Mercantile Bank Corp share price today is $48.69 as on at the close of the market. Mercantile Bank Corp share today touched a day high of $50.42 and a low of $48.53.

What is the 52 week high and 52 week low for Mercantile Bank Corp share?

Mercantile Bank Corp share touched a 52 week high of $55.77 on and a 52 week low of $37.76 on . Mercantile Bank Corp stock price today i.e. is closed at $48.69,which is 12.69% down from its 52 week high and 28.95% up from its 52 week low.

What is Mercantile Bank Corp's market capitalisation today?

Mercantile Bank Corp market capitalisation is $0.00T as on .

How to invest in Mercantile Bank Corp Stock (MBWM) from India?

  1. Step 1: Open a free US stocks account on INDmoney App and transfer your Rupees into Dollars to your INDmoney US stocks account. For a step by step instruction, check How to Transfer Money to Your US Stocks Account .
  2. Step 2: Search for Mercantile Bank Corp on INDmoney app. Click on Buy button. You can invest as low as $1.5 in Mercantile Bank Corp Shares that will get you 0.0308 shares as per Mercantile Bank Corp share price of $48.69 per share as on March 21, 2026 at 1:29 am IST.

What is the minimum amount required to buy Mercantile Bank Corp Stock (MBWM) from India?

Indian investors can start investing in Mercantile Bank Corp (MBWM) shares with as little as ₹93.652 or $1 (as of ) using the INDmoney app.
For example: If you want to invest $10 or ₹936.52 in Mercantile Bank Corp stock (as per the Rupee-Dollar exchange rate as on ). Based on Mercantile Bank Corp share’s latest price of $48.69 as on March 21, 2026 at 1:29 am IST, you will get 0.2054 shares of Mercantile Bank Corp. Learn more about fractional shares .

What are the returns that Mercantile Bank Corp has given to Indian investors in the last 5 years?

Mercantile Bank Corp stock has given 46.33% share price returns and 28.37% dollar appreciation to an Indian investor in the last 5 years.
Read more about How do Currency Exchange Rates impact your returns on US Stock Investments?