NASDAQ · Banks - Regional

MBWM (MBWM) Stock

$61.93 +1.99% NASDAQ: MBWM Financial Services

Valuation

MetricValue
Price$61.93
Market Cap$1.07B
P/E Ratio9.27
P/B Ratio1.21
P/S Ratio2.33
EPS (TTM)$5.46
52-Week High$61.93
52-Week Low$42.75
Dividend Yield2.97%

Financials & Margins

MetricValue
ROE12.28%
ROA1.30%
ROCE14.07%
Gross Margin27.42%
Operating Margin27.42%
Net Margin24.23%
Debt/Equity0.95
Current Ratio0.29

Annual Financials (USD)

Metric20212022202320242025
Revenue$199.0M$214.0M$304.0M$362.0M$372.0M
Operating Profit$74.0M$76.0M$103.0M$98.0M$102.0M
Net Profit$59.0M$61.0M$82.0M$80.0M$89.0M
EPS$3.69$3.85$5.13$4.93$5.46
Op Margin37.1%35.4%33.8%27.2%27.5%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$5.3B$4.9B$5.4B$6.1B$6.8B
Total Liabilities$4.8B$4.4B$4.8B$5.5B$6.1B
Cash$975.0M$97.0M$131.0M$393.0M$473.0M
Borrowings$693.0M$640.0M$836.0M$648.0M$826.0M

Latest News

Hovde Group Downgrades Mercantile Bank to Market Perform From Outperform, Price Target is $62 MT Newswires · Jul 22, 2026 Mercantile Bank (MBWM) Looks Fully Valued Following Stronger 2026 Earnings Simply Wall St. · Jul 22, 2026 Mercantile Bank Corp (MBWM) Q2 2026 Earnings Call Highlights: Strong Financial Performance and ... GuruFocus.com · Jul 21, 2026 Mercantile Bank Q2 Earnings Call Highlights MarketBeat · Jul 21, 2026 Compared to Estimates, Mercantile Bank (MBWM) Q2 Earnings: A Look at Key Metrics Zacks · Jul 21, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$65.0M$120.0M$67.0M$101.0M$18.0M
Investing Cash Flow$-501.0M$-558.0M$-403.0M$-434.0M$-112.0M
Financing Cash Flow$744.0M$-373.0M$224.0M$689.0M$222.0M
Net Cash Flow$349.0M$-878.0M$34.0M$262.0M$80.0M
Free Cash Flow$59.0M$117.0M$60.0M$93.0M$11.0M

Valuation & Return Ratios

MetricValue
PEG Ratio—
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y20.56%
Return 3Y86.37%
Return 5Y125.31%

Ownership

Insiders Held3.10%
Institutions Held68.98%
Institutions Float Held71.19%
Institutional HolderSharesReport Date
Blackrock Inc.1,388,7142026-03-31
Wellington Management Group, LLP1,189,0312026-03-31
Dimensional Fund Advisors LP1,032,8882026-03-31
Vanguard Capital Management LLC704,3242026-03-31
American Century Companies Inc561,4672026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
AMTB $28.91 -0.96% 17.87 $1.13B 1.60%
BFST $31.89 -0.61% 9.92 $1.04B 2.10%
CCNE $34.61 -1.51% 12.10 $1.03B 2.37%
HBNC $20.80 +0.14% -5.87 $1.07B 3.58%
HBT $36.14 +4.47% 11.54 $1.31B 0.00%

About MBWM

MBWM is led by CEO Raymond E. Reitsma, publicly traded since 1999.

MBWM stock trades at $61.93 with a market capitalization of $1.07B. The stock is valued at a price-to-earnings (P/E) ratio of 9.27, price-to-book of 1.21, price-to-sales of 2.33. Over the past 52 weeks the stock has ranged between $42.75 and $61.93, and currently trades at its 52-week high. It pays a dividend yielding 2.97%.

On profitability, MBWM generates a return on equity (ROE) of 12.28%, above the typical market average, return on capital employed of 14.07%, an operating margin of 27.42%, a net profit margin of 24.23%.

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