MBWM
Mercantile Bank Corp Financials State Commercial Banks Russell 3000
$59.81Close
$1.0BMarket cap
$42.47 – $62.1452-week range
Jan 19, 2027Next report · estimated
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
- Near its high 4% below its 52-week high
Cautions
- Earnings shrinking EPS −5% year on year
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
4%
1wk
down 2.1%
price change
1mo
up 2.6%
price change
12-month return
up 41%
market up 11% ·
its own up 31%
F-score
—
— Not assessed
Altman Z
—
Unknown
P/E
11.6×
price / earnings
PEG
1.07
P/E / EPS growth
P/B
1.4×
price / book
Earnings yield
—
EBIT / enterprise value
Cheaper than
—
of the market · not assessed
Revenue growth
up 5%
year on year
EPS growth
down 5%
latest quarter · -12 pts
Sales growth
up 17%
latest quarter · +5 pts
ROE
up 14%
return on equity
Free cash margin
—
D/E
—
long-term debt / equity
Net debt / EBITDA
—
Interest cover
—EBIT / interest
Trade setup
ATR%
2.3%
$1.40 a day · 2×ATR $57.01
RS
70 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
1.0×
vs 50-day average
Up/down volume
0.80
50 sessions
Implied move
—
no scheduled report
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Shareholders diluted The share count rose 6.4% over the year, from 16m to 17m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported
Oct 20, 2026
Results reaction
Oct 20, 20260% vs market2 sessions after results
Financials
- Net 37%
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $167.4M | $180.3M | $190.3M | $225.7M | $231.5M | $242.7M |
| Net income | $44.1M | $59.0M | $61.1M | $82.2M | $79.6M | $88.8M |
| Net margin | 26% | 33% | 32% | 36% | 34% | 37% |
| Earnings per share | $2.71 | $3.69 | $3.85 | $5.13 | $4.93 | $5.47 |
| Shareholders' equity | $441.6M | $456.6M | $441.4M | $522.1M | $584.5M | $724.9M |
| Shares outstanding | 16.33m | 15.84m | 15.99m | 16.13m | 16.15m | 17.18m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 30, 2026 | Quarterly ↗ | Sep 30, 2026 | 30d |
| Jul 31, 2026 | Quarterly ↗ | Jun 30, 2026 | 31d |
| May 1, 2026 | Quarterly ↗ | Mar 31, 2026 | 31d |
| Feb 27, 2026 | Annual ↗ | Dec 31, 2025 | 58d |
| Oct 31, 2025 | Quarterly ↗ | Sep 30, 2025 | 31d |
| Aug 1, 2025 | Quarterly ↗ | Jun 30, 2025 | 32d |
| May 2, 2025 | Quarterly ↗ | Mar 31, 2025 | 32d |
| Mar 3, 2025 | Annual ↗ | Dec 31, 2024 | 62d |
| Nov 1, 2024 | Quarterly ↗ | Sep 30, 2024 | 32d |
| Aug 2, 2024 | Quarterly ↗ | Jun 30, 2024 | 33d |
| May 3, 2024 | Quarterly ↗ | Mar 31, 2024 | 33d |
| Mar 1, 2024 | Annual ↗ | Dec 31, 2023 | 61d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 20, 2026 | Results · Regulation FD ↗ |
| Sep 25, 2026 | Director or officer change ↗ |
| Jul 21, 2026 | Results · Regulation FD ↗ |
| May 21, 2026 | Shareholder vote ↗ |
| Apr 21, 2026 | Results · Regulation FD ↗ |
| Mar 19, 2026 | Director or officer change ↗ |
| Jan 20, 2026 | Results · Regulation FD ↗ |
| Dec 31, 2025 | Material agreement · New obligation · Holder rights changed · Director or officer change · Other events ↗ |
| Dec 19, 2025 | Other events ↗ |
| Dec 17, 2025 | Other events ↗ |
| Oct 21, 2025 | Results · Regulation FD ↗ |
| Jul 22, 2025 | Material agreement · Results · Regulation FD ↗ |