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Logo for company Mercantile Bank Corporation

Mercantile Bank Corporation (MBWM)

NASDAQ Currency in USD
$447.00
+$0.94
+0.21%
Last Update: 18 Jul 2026, 15:13
$7.27bn
Market Cap
80.25
P/E Ratio (TTM)
0.35%
Forward Dividend Yield
$293.64-$537.96
52 Week Range

MBWM Stock Price Chart

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MBWM Company Profile

Discover essential business fundamentals and corporate details for Mercantile Bank Corporation (MBWM) to support your stock research and investment decisions.

Sector

Financial Services

Industry

Banks - Regional

IPO Date

20 Jul 1999

Employees

662.00

CEO

Raymond E. Reitsma

Description

Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including funding for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options. Beyond core banking, Mercantile Bank supplies additional conveniences like courier services and secure deposit boxes. It also markets a comprehensive array of insurance policies, such as coverage for private auto, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella liability, small business needs, and life insurance. The bank's infrastructure further includes 22 automated teller machines (ATMs) and 19 video banking machines. As of January 18, 2022, the company maintained 44 branch locations. Established in 1997, Mercantile Bank Corporation's main office is situated in Grand Rapids, Michigan.

MBWM Financial Timeline

Browse a chronological timeline of Mercantile Bank Corporation corporate events including earnings releases, dividend announcements, and stock splits.

Upcoming earnings on 21 Jul 2026

EPS estimate is $1.34, while revenue estimate is $68.81m.

Dividend declared on 5 Jun 2026

A dividend of $0.39 per share was announced, adjusted to $0.39. The dividend was paid on 17 Jun 2026.

Earnings released on 21 Apr 2026

EPS came in at $1.32 falling short of the estimated $1.33 by -0.75%, while revenue for the quarter reached $67.60m , beating expectations by +0.29%.

Dividend declared on 6 Mar 2026

A dividend of $0.39 per share was announced, adjusted to $0.39. The dividend was paid on 18 Mar 2026.

Earnings released on 20 Jan 2026

EPS came in at $1.40 surpassing the estimated $1.37 by +2.19%, while revenue for the quarter reached $62.10m , beating expectations by +0.19%.

Dividend declared on 5 Dec 2025

A dividend of $0.38 per share was announced, adjusted to $0.38. The dividend was paid on 17 Dec 2025.

Earnings released on 21 Oct 2025

EPS came in at $1.46 surpassing the estimated $1.38 by +5.80%, while revenue for the quarter reached $62.39m , beating expectations by +1.73%.

Dividend declared on 5 Sept 2025

A dividend of $0.38 per share was announced, adjusted to $0.38. The dividend was paid on 17 Sept 2025.

Earnings released on 22 Jul 2025

EPS came in at $1.39 surpassing the estimated $1.23 by +13.01%, while revenue for the quarter reached $60.94m , missing expectations by -1.31%.

Dividend declared on 6 Jun 2025

A dividend of $0.37 per share was announced, adjusted to $0.37. The dividend was paid on 18 Jun 2025.

Earnings released on 22 Apr 2025

EPS came in at $1.21 surpassing the estimated $1.19 by +1.68%, while revenue for the quarter reached $57.25m , missing expectations by -4.82%.

Dividend declared on 7 Mar 2025

A dividend of $0.37 per share was announced, adjusted to $0.37. The dividend was paid on 19 Mar 2025.

Earnings released on 21 Jan 2025

EPS came in at $1.22 surpassing the estimated $1.15 by +6.09%, while revenue for the quarter reached $58.53m , beating expectations by +4.38%.

Dividend declared on 6 Dec 2024

A dividend of $0.36 per share was announced, adjusted to $0.36. The dividend was paid on 18 Dec 2024.

Earnings released on 15 Oct 2024

EPS came in at $1.22 surpassing the estimated $1.17 by +4.27%, while revenue for the quarter reached $57.96m , beating expectations by +1.99%.

Dividend declared on 6 Sept 2024

A dividend of $0.36 per share was announced, adjusted to $0.36. The dividend was paid on 18 Sept 2024.

Earnings released on 16 Jul 2024

EPS came in at $1.17 surpassing the estimated $1.16 by +0.86%, while revenue for the quarter reached $56.75m , beating expectations by +1.16%.

Dividend declared on 7 Jun 2024

A dividend of $0.35 per share was announced, adjusted to $0.35. The dividend was paid on 19 Jun 2024.

Earnings released on 16 Apr 2024

EPS came in at $1.34 surpassing the estimated $1.14 by +17.54%, while revenue for the quarter reached $58.23m , beating expectations by +5.14%.

Dividend declared on 29 Feb 2024

A dividend of $0.35 per share was announced, adjusted to $0.35. The dividend was paid on 13 Mar 2024.

Earnings released on 16 Jan 2024

EPS came in at $1.25 surpassing the estimated $1.24 by +0.81%, while revenue for the quarter reached $56.95m , beating expectations by +1.50%.

Dividend declared on 30 Nov 2023

A dividend of $0.34 per share was announced, adjusted to $0.34. The dividend was paid on 13 Dec 2023.

Earnings released on 17 Oct 2023

EPS came in at $1.30 surpassing the estimated $1.15 by +13.04%, while revenue for the quarter reached $58.21m , beating expectations by +9.19%.

Dividend declared on 31 Aug 2023

A dividend of $0.34 per share was announced, adjusted to $0.34. The dividend was paid on 13 Sept 2023.

Earnings released on 18 Jul 2023

EPS came in at $1.27 surpassing the estimated $1.10 by +15.45%, while revenue for the quarter reached $55.20m , beating expectations by +6.47%.

Dividend declared on 1 Jun 2023

A dividend of $0.33 per share was announced, adjusted to $0.33. The dividend was paid on 14 Jun 2023.

Earnings released on 18 Apr 2023

EPS came in at $1.31 surpassing the estimated $1.16 by +12.93%, while revenue for the quarter reached $55.34m , beating expectations by +2.87%.

Dividend declared on 2 Mar 2023

A dividend of $0.33 per share was announced, adjusted to $0.33. The dividend was paid on 15 Mar 2023.

Earnings released on 17 Jan 2023

EPS came in at $1.37 surpassing the estimated $1.20 by +14.17%, while revenue for the quarter reached $58.46m , beating expectations by +8.76%.

Dividend declared on 1 Dec 2022

A dividend of $0.32 per share was announced, adjusted to $0.32. The dividend was paid on 14 Dec 2022.

Earnings released on 18 Oct 2022

EPS came in at $1.01 surpassing the estimated $0.98 by +3.06%, while revenue for the quarter reached $49.66m , beating expectations by +4.09%.

Dividend declared on 1 Sept 2022

A dividend of $0.32 per share was announced, adjusted to $0.32. The dividend was paid on 14 Sept 2022.

Earnings released on 19 Jul 2022

EPS came in at $0.74 falling short of the estimated $0.76 by -2.63%, while revenue for the quarter reached $42.07m , missing expectations by -1.50%.

Dividend declared on 2 Jun 2022

A dividend of $0.31 per share was announced, adjusted to $0.31. The dividend was paid on 15 Jun 2022.

Earnings released on 19 Apr 2022

EPS came in at $0.73 surpassing the estimated $0.72 by +1.39%, while revenue for the quarter reached $45.16m , beating expectations by +5.33%.

Dividend declared on 3 Mar 2022

A dividend of $0.31 per share was announced, adjusted to $0.31. The dividend was paid on 16 Mar 2022.

Earnings released on 18 Jan 2022

EPS came in at $0.94 surpassing the estimated $0.86 by +9.30%, while revenue for the quarter reached $45.17m , beating expectations by +5.51%.

Dividend declared on 2 Dec 2021

A dividend of $0.30 per share was announced, adjusted to $0.30. The dividend was paid on 15 Dec 2021.

Earnings released on 19 Oct 2021

EPS came in at $0.95 surpassing the estimated $0.85 by +11.76%, while revenue for the quarter reached $46.69m , beating expectations by +13.06%.

Dividend declared on 2 Sept 2021

A dividend of $0.30 per share was announced, adjusted to $0.30. The dividend was paid on 15 Sept 2021.

Earnings released on 20 Jul 2021

EPS came in at $1.07 surpassing the estimated $0.78 by +37.18%, while revenue for the quarter reached $44.37m , beating expectations by +6.15%.

MBWM Stock Performance

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