Mercantile Bank Corporation

NasdaqGS:MBWM Stock Report

Market Cap: US$787.9m

Mercantile Bank Future Growth

Future criteria checks 0/6

Mercantile Bank is forecast to grow earnings and revenue by 1% and 5.8% per annum respectively. EPS is expected to grow by 0.7% per annum. Return on equity is forecast to be 12.4% in 3 years.

Key information

1.0%

Earnings growth rate

0.7%

EPS growth rate

Banks earnings growth8.9%
Revenue growth rate5.8%
Future return on equity12.4%
Analyst coverage

Low

Last updated22 Jan 2025

Recent future growth updates

Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next

Apr 19
Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next

Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67

Jan 19
Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67

Recent updates

Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.37

Jan 24
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.37

A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation

Oct 15

Mercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.36

Aug 21
Mercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.36

Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36

Jul 19
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36

Mercantile Bank: Q2 2024 Earnings Spike The Price

Jul 17

Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next

Apr 19
Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next

Mercantile Bank: A Fantastic Prospect For Investors To Bank On

Apr 14

Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year

Jan 22
Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year

Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67

Jan 19
Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67

Mercantile Bank: Analysis Of Q4 2023 Earnings, Maintain Hold

Jan 19

Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34

Aug 28
Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34

Mercantile Bank (NASDAQ:MBWM) Has Announced That It Will Be Increasing Its Dividend To $0.34

Aug 14
Mercantile Bank (NASDAQ:MBWM) Has Announced That It Will Be Increasing Its Dividend To $0.34

Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34

Jul 21
Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34

Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year

Apr 21
Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year

Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33

Jan 20
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33

Mercantile Bank GAAP EPS of $1.01 beats by $0.03, revenue of $49.6M beats by $1.9M

Oct 18

Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32

Jul 22
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32

Mercantile Bank raises dividend by 3.2% to $0.32

Jul 19

Earnings and Revenue Growth Forecasts

NasdaqGS:MBWM - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202625281N/AN/A3
12/31/202523778N/AN/A4
12/31/202422480N/AN/AN/A
9/30/2024222802534N/A
6/30/2024220817478N/A
3/31/2024220838389N/A
12/31/2023218826067N/A
9/30/202321884104111N/A
6/30/202321079100107N/A
3/31/202319871105110N/A
12/31/202218361117120N/A
9/30/202217851125128N/A
6/30/2022175509092N/A
3/31/2022182569094N/A
12/31/2021185595965N/A
9/30/2021179613541N/A
6/30/2021175576472N/A
3/31/2021160483946N/A
12/31/2020153442938N/A
9/30/2020146432941N/A
6/30/202014445618N/A
3/31/2020147481933N/A
12/31/2019150493145N/A
9/30/2019146483747N/A
6/30/2019142454654N/A
3/31/2019139434451N/A
12/31/2018138425562N/A
9/30/201813438N/A49N/A
6/30/201813237N/A44N/A
3/31/201813035N/A44N/A
12/31/201712431N/A39N/A
9/30/201712331N/A37N/A
6/30/201712131N/A34N/A
3/31/201712131N/A33N/A
12/31/201612132N/A35N/A
9/30/201612030N/A33N/A
6/30/201611930N/A37N/A
3/31/201611929N/A38N/A
12/31/201511827N/A36N/A
9/30/201511827N/A32N/A
6/30/201511625N/A21N/A
3/31/201510520N/A22N/A
12/31/20149117N/A14N/A
9/30/20147916N/A15N/A
6/30/20146514N/A21N/A
3/31/20146116N/A26N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBWM's forecast earnings growth (1% per year) is below the savings rate (2.6%).

Earnings vs Market: MBWM's earnings (1% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: MBWM's earnings are forecast to grow, but not significantly.

Revenue vs Market: MBWM's revenue (5.8% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: MBWM's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MBWM's Return on Equity is forecast to be low in 3 years time (12.4%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 05:29
End of Day Share Price 2025/01/31 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mercantile Bank Corporation is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin ReeveyD.A. Davidson & Co.
Brendan NosalHovde Group, LLC
John RodisJanney Montgomery Scott LLC