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Mercantile Bank Corporation Stock Price

NasdaqGS:MBWM Community·US$803.6m Market Cap
  • 1 Narratives written by author
  • 0 Comments on narratives written by author
  • 2 Fair Values set on narratives written by author

MBWM Share Price Performance

US$49.56
0.41 (0.83%)
US$52.80
Fair Value
US$49.56
0.41 (0.83%)
6.1% undervalued intrinsic discount
US$52.80
Fair Value
Price US$49.56
AnalystConsensusTarget US$52.80

MBWM Community Narratives

AnalystConsensusTarget·
Fair Value US$52.8 6.1% undervalued intrinsic discount

Analysts Lower Mercantile Bank Target as Margins Narrow and Expenses Rise Despite Solid Results

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Updated Narratives

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MBWM: Clean Asset Quality Will Support Upside Despite Higher Expense Drag

Fair Value: US$52.8 6.1% undervalued intrinsic discount
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Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.

1 Risk
5 Rewards

Mercantile Bank Corporation Key Details

US$233.7m

Revenue

US$0

Cost of Revenue

US$233.7m

Gross Profit

US$148.2m

Other Expenses

US$85.5m

Earnings

Last Reported Earnings
Sep 30, 2025
Next Reporting Earnings
n/a
5.26
100.00%
36.60%
116.1%
View Full Analysis

About MBWM

Founded
1997
Employees
665
CEO
Raymond Reitsma
WebsiteView website
www.mercbank.com

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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

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