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MBWM
$57.17+$0.08 (+0.14%)live
Held · Bookmarked
0 · 0
portfolios · users
Avg position size
—
of holders' portfolios
13F filers
1
institution
Market cap
$986.2M
17M shares
52-week range
$42.75 – $57.41
98% from low
Sector
STATE COMMERCIAL BANKS
Exchange
NASDAQ
CS
Borrow rate
0.67%
Easy to borrow
Price (6 mo)
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Change+$26.97
Valuation
Financials
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Click rows below (any statement) to add/remove series. Selection stays as you switch tabs.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $161.0M | $185.3M | $193.5M | $198.7M | $213.9M | $303.5M | $361.9M | $371.8M |
| Cost of revenue | $23.0M | $35.6M | $40.1M | $15.1M | $30.1M | $85.5M | $137.8M | $133.7M |
| Gross profit | $138.0M | $149.7M | $153.4M | $183.5M | $183.8M | $218.0M | $224.1M | $238.1M |
| Gross margin | 85.7% | 80.8% | 79.3% | 92.4% | 85.9% | 71.8% | 61.9% | 64.0% |
| R&D | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating income | $51.8M | $60.5M | $54.8M | $73.7M | $75.8M | $102.7M | $98.3M | $102.1M |
| EBITDA | $61.6M | $70.0M | $64.3M | $87.4M | $88.7M | $114.2M | $108.8M | $106.5M |
| Net income | $42.0M | $49.5M | $44.1M | $59.0M | $61.1M | $82.2M | $79.6M | $88.8M |
| Net margin | 26.1% | 26.7% | 22.8% | 29.7% | 28.5% | 27.1% | 22.0% | 23.9% |
| EPS (diluted) | 2.53 | 3.01 | 2.71 | 3.69 | 3.85 | 5.13 | 4.93 | 5.46 |
Annual figures · source: Financial Modeling Prep
Analyst estimates (consensus)
| Year | Est. revenue | Est. EPS | EPS range | # Analysts |
|---|---|---|---|---|
| 2026 | $278M | $5.45 | $5.39–$5.52 | 4 |
| 2027 | $294M | $5.91 | $5.83–$6.05 | 5 |
Forward consensus · source: Financial Modeling Prep
DCF fair valuemodel estimate
Intrinsic value
$139.57
Price
$57.17
Implied upside
+144%
Peer comparison
Mercantile Bank Corp
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.
www.mercbank.com- Employees
- 786
- IPO / List date
- Oct 24, 1997
- HQ
- GRAND RAPIDS, MI
Held by traders on TradeandTell
No one on the platform currently holds MBWM.
Super investors & insiders
Institutions holding (13F)
| Institution | Shares | Reported |
|---|---|---|
| Renaissance Technologiesas of 2026-03-31 | 472,213 | $23.8M |
Insider activity (SEC Form 4)
Dividend history
TTM yield · 2.69% ($1.54/share)
| Ex-date | Per share | Pay date |
|---|---|---|
| 2026-06-05 | $0.3900 | 2026-06-17 |
| 2026-03-06 | $0.3900 | 2026-03-18 |
| 2025-12-05 | $0.3800 | 2025-12-17 |
| 2025-09-05 | $0.3800 | 2025-09-17 |
| 2025-06-06 | $0.3700 | 2025-06-18 |
| 2025-03-07 | $0.3700 | 2025-03-19 |
| 2024-12-06 | $0.3600 | 2024-12-18 |
| 2024-09-06 | $0.3600 | 2024-09-18 |
| 2024-06-07 | $0.3500 | 2024-06-19 |
| 2024-02-29 | $0.3500 | 2024-03-13 |
Recent trades on TradeandTell
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