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Logo for company Mercantile Bank Corporation

Mercantile Bank Corporation (MBWM)

NASDAQ Currency in USD
$48.34
+$0.52
+1.09%
Last Update: 11 Sept 2025, 20:00
$785.46M
Market Cap
9.59
P/E Ratio (TTM)
3.14%
Forward Dividend Yield
$37.76 - $52.98
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 operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers 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; and 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, it provides courier services and safe deposit facilities; 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered 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 20 Apr 2026

Upcoming earnings on 19 Jan 2026

Upcoming earnings on 21 Oct 2025

EPS estimate is $1.38, while revenue estimate is $61.33M.

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 $93.42M , beating expectations by +51.29%.

Dividend declared on 17 Jul 2025

A dividend of $0.38 per share was announced, adjusted to $0.38. The dividend will be paid on 17 Sept 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 $89.04M , beating expectations by +48.03%.

Dividend declared on 17 Apr 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 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 16 Jan 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 15 Oct 2024

EPS came in at $1.22 surpassing the estimated $1.17 by +4.27%, while revenue for the quarter reached $83.41M , beating expectations by +46.77%.

Dividend declared on 10 Oct 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 16 Jul 2024

EPS came in at $1.17 surpassing the estimated $1.16 by +0.86%, while revenue for the quarter reached $88.56M , beating expectations by +57.86%.

Dividend declared on 11 Jul 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 Apr 2024

EPS came in at $1.34 surpassing the estimated $1.14 by +17.54%, while revenue for the quarter reached $87.59M , beating expectations by +58.17%.

Dividend declared on 11 Apr 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 Jan 2024

EPS came in at $1.25 surpassing the estimated $1.24 by +0.81%, while revenue for the quarter reached $73.80M , beating expectations by +31.53%.

Dividend declared on 11 Jan 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 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 12 Oct 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 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 13 Jul 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 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 13 Apr 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 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 12 Jan 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 18 Oct 2022

EPS came in at $1.01 surpassing the estimated $0.98 by +3.06%, while revenue for the quarter reached $49.63M , beating expectations by +4.03%.

Dividend declared on 13 Oct 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 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 14 Jul 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 Apr 2022

EPS came in at $0.73 surpassing the estimated $0.72 by +1.39%, while revenue for the quarter reached $40.16M , missing expectations by -6.33%.

Dividend declared on 14 Apr 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 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 +5.50%.

Dividend declared on 18 Jan 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 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 19 Oct 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 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%.

Dividend declared on 20 Jul 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 Apr 2021

EPS came in at $0.84 surpassing the estimated $0.71 by +18.31%, while revenue for the quarter reached $43.00M , beating expectations by +3.06%.

Dividend declared on 15 Apr 2021

A dividend of $0.29 per share was announced, adjusted to $0.29. The dividend was paid on 16 Jun 2021.

Earnings released on 19 Jan 2021

EPS came in at $0.75 surpassing the estimated $0.57 by +31.58%, while revenue for the quarter reached $46.18M , beating expectations by +0.90%.

Dividend declared on 19 Jan 2021

A dividend of $0.29 per share was announced, adjusted to $0.29. The dividend was paid on 17 Mar 2021.

Earnings released on 20 Oct 2020

EPS came in at $0.66 surpassing the estimated $0.43 by +53.49%, while revenue for the quarter reached $42.82M , missing expectations by -99.82%.

Dividend declared on 15 Oct 2020

A dividend of $0.28 per share was announced, adjusted to $0.28. The dividend was paid on 16 Dec 2020.

MBWM Stock Performance

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