Mercantile Bank Corp (MBWM) — Analysis Summary
Mercantile Bank Corp (MBWM) has a market cap of $1.01B with year-over-year revenue growth of +5.2%. Net margin stands at 44.1%. The stock trades at a P/E ratio of 10.6.
Key Takeaways
- Revenue changed +5.2% year-over-year
- Net margin of 44.1%
- P/E ratio of 10.6
Compared to other companies in the STATE COMMERCIAL BANKS sector, MBWM posted revenue growth of +5.2% and trades at a P/E of 10.6.
Mercantile Bank Corp (MBWM)
PREVIOUS CLOSE 2026-10-12 · MARKET DATA POLYGON · FINANCIALS SEC EDGAR
Red Flags & WarningsHigh Risk Signals
Multiple material red flags are active and deserve closer underwriting before relying on any valuation output.
Interest coverage at 0.0x — earnings do not cover interest payments
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
Sector
STATE COMMERCIAL BANKS
Employees
786
Headquarters
GRAND RAPIDS, MI
Exchange
XNAS
Systematic competitive advantage assessment based on 4yr data
This assessment is based on quantitative analysis of historical financial data and does not constitute investment advice. Moat ratings may change with industry and competitive dynamics.
First version surfaces recent SEC Forms 3, 4, and 5 activity. It does not yet parse individual buy/sell transactions.
Capital Structure
Cash Flow
Annual Dividend/Share
$1.60
Dividend Yield
2.74%
Dividend History
Disclaimer: This is not financial advice. Data sourced from SEC EDGAR and Polygon.io. Past performance does not guarantee future results. Always conduct your own research before making investment decisions.