MBWM Share Price Performance
US$60.43
14.29 (30.97%)
1.8% overvalued intrinsic discount
US$59.33
Fair Value
Price US$60.43
AnalystConsensusTarget US$59.33
Fair ValueUS$59.33
Share Pricen/a
Analysis Article • Jul 23
Mercantile Bank Corporation Stock Price
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MBWM Community Narratives
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Fair Value
·Fair Value US$59.33 1.8% overvalued intrinsic discount
Analysts Lower Mercantile Bank Target as Margins Narrow and Expenses Rise Despite Solid Results
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Analysts Lower Mercantile Bank Target as Margins Narrow and Expenses Rise Despite Solid Results
Mercantile Bank is delivering solid results, but shrinking loan profits and rising costs raise questions about how well it can keep up as banking shifts online. The bank is betting on a major tech upgrade and a new partner deal to protect customers and keep growing—while its heavy focus on a few regions leaves little room for mistakes.Read more
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US$59.33
1.8% overvalued intrinsic discount
Fair Value
Revenue
9.55% p.a.
Profit Margin
32.78%
Future PE
13.52x
Price in 2029
US$70.92
Trending Discussion
No trending discussion available.
Recently Updated Narratives
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MBWM: Updated Discount Rate And P/E Assumptions Will Support Future Upside
Fair Value: US$59.33 1.8% overvalued intrinsic discount
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Snowflake Analysis
Mercantile Bank Corporation Key Details
Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
n/a
- 5.51
- 100.00%
- 36.08%
- 91.2%
About MBWM
- Founded
- 1997
- Employees
- 827
- CEO
- WebsiteView website
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides 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; 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, the company offers courier services and safe deposit boxes; 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. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
