Mercantile Bank Corporation (MBWM)

Mercantile Bank Corporation is the holding company for Mercantile Bank, a commercial-focused community bank serving Michigan, particularly the Grand Rapids and western Michigan markets. It provides business and personal banking, including commercial real estate and C&I lending, deposits, and related treasury services. The franchise emphasizes local decision-making and long-term relationships with mid-market companies and individuals.

Market
Nasdaq
Sector
Financial Services
Trend
Neutral
Last close
58.71 (-0.56% on the day)
MA50
59.64
MA200
54.45
52-week range
42.02–62.14
Market cap
1B USD
P/E
10.3
Dividend yield
2.64%
Data as of
2026-06-30
Quarterly revenue and earnings, millions of USD
QuarterRevenueYoY %EarningsYoY %
Q2 202560.9—22.619.9%
Q3 202562.4—23.820.7%
Q4 202562.1—22.816%
Q1 202667.6—22.715.5%
Q2 202668.812.8%25.914.6%

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