Stock Taper
SCREENER COMPARE ANY 2 STOCKS
MBWM
MERCANTILE BANK CORPORATION
NASDAQ
$60.21
▲ UP 0.78% (0.47)

KEY STATISTICS

Market Cap$1.04 B
52w High$62.39
52w Low$42.75
Dividend Yield2.70%
FrequencyQuarterly
P/E10.81
Volume81.84K
Shares Out.17.27M

COMPANY

LEADERSHIP

Raymond E. Reitsma
CHIEF EXECUTIVE
Raymond E. Reitsma

COMPENSATION 2026

Salary$734,600
Stock Awards$471,283
Incentive Plan Pay$462,798
All Other Comp.$101,302
Total$1,769,983

ABOUT

SECTOR
Financial Services
WENT PUBLIC
July 20, 1999
METHOD OF GOING PUBLIC
IPO
FULL TIME EMPLOYEES
765

PRICE TARGET

Target High$65.00
Target Low$62.00
Target Median$63.50
Target Consensus$63.50

UPCOMING EARNINGS

DateOct 20, 2026
DayTuesday
Rev. Est.$70.95M
OCT
20
TUE

SPLIT RECORD

DATETYPERATIO
2007-04-19Forward21:20
2006-04-20Forward21:20
2005-07-14Forward21:20
2004-04-14Forward21:20
2003-01-15Forward21:20
2002-01-16Forward21:20
2001-01-17Forward21:20

PRICE

$60.21 ▲ UP 0.78% (+$0.47)
OVERLAYS
$60.00$60.25$60.509:30 AM10:35 AM11:40 AM12:45 PM1:49 PM2:54 PM3:59 PM60.21

About Mercantile Bank Corporation

https://www.mercbank.com ↗

Mercantile Bank Corporation, based in Grand Rapids, Michigan, offers comprehensive commercial, retail, mortgage, and insurance services to small- and medium-sized businesses and individuals through 44 offices and various banking products.

INDUSTRY

Banks - Regional

A SERVICE MERCANTILE BANK CORPORATION IS KNOWN FOR

Commercial Lending Solutions

Mercantile Bank's Commercial Lending Solutions offer personalized financing, including real estate loans, equipment financing, and lines of credit, supporting Michigan businesses' growth through dedicated commercial bankers.

COMPETITORS

COMPETITOR
BUSE COMPARE
CTBI COMPARE
FRME COMPARE
GSBC COMPARE
IBCP COMPARE

Revenue by Products

IconPRODUCTQ1-2025Q2-2025Q3-2025Q4-2025
Credit and Debit Card$2.2M $2.35M ▲$2.37M ▲$2.29M ▼
Service Charges on Deposit and Sweep Accounts$1.84M $1.97M ▲$2.06M ▲$2.26M ▲
Payroll Processing$1.04M $783K ▼$825K ▲$825K
Customer Service$197K $179K ▼$298K ▲$202K ▼

ETFS HOLDING THIS STOCK

ETFS HOLDING
138
LISTED HERE
26
RANKED BY POSITION SIZE
AVUV
0.10% · 549.7K
VTI
0.00% · 520.1K
IWM
0.03% · 469.1K
KRE
0.22% · 154.1K
DFAT
0.04% · 93.2K
SCHA
0.02% · 82.6K
DES
0.06% · 22.1K
XRS2.F
0.03% · 15.8K
ISMD
0.21% · 12.0K
PRFZ
0.02% · 11.6K
FSCC
0.19% · 10.9K
BFOR
0.26% · 10.3K
ONEQ
0.01% · 10.2K
DPST
0.17% · 10.0K
GSSC
0.05% · 9.8K
RSSL
0.03% · 8.2K
QABA
0.41% · 7.0K
HAPS
0.19% · 5.7K
SQLV
0.48% · 3.3K
TILT
0.01% · 2.2K
ETLZ.DE
0.03% · 1.2K
RFLR
0.06% · 928
URTY
0.01% · 700
PQ
PQSV
0.12% · 507
USFMDN.MX
0.00% · 93
EB
EBI
0.00% · 57

INSTITUTIONAL OWNERSHIP

SHARES OWNED
57.86%
HOLDERS
282
TOP 12 OF 282 · RANKED BY POSITION SIZE
Blackrock Inc.
1.6M sh · $63.39M
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1.5M sh · $88.1M
Wellington Management Group Llp
1.2M sh · $60.05M
Vanguard Group Inc
1.1M sh · $51.29M
Dimensional Fund Advisors LP
1.0M sh · $47.18M
American Century Companies Inc
625.0K sh · $35.89M
State Street Corp
598.6K sh · $34.37M
Blackrock Fund Advisors
528.1K sh · $19.91M
Tributary Capital Management, LLC
497.4K sh · $22.38M
Renaissance Technologies LLC
496.2K sh · $23.87M
Geode Capital Management, LLC
466.4K sh · $26.79M
North Star Asset Management Inc
383.2K sh · $19.35M

RATINGS SNAPSHOT

Overall rating: B+

DCFROEROAD/EP/EP/B
Discounted Cash Flow5
Return On Equity4
Return On Assets3
Debt To Equity2
Price To Earnings3
Price To Book2
Overall Score3

INSIDER TRADES

★
DIRECTOR
Sanchez Nelson F
Purchase · 715 shares
2026-05-22
★
DIRECTOR
Sparks Amy L
Purchase · 906 shares
2026-05-22
★
DIRECTOR
MacDonald Richard D
Purchase · 715 shares
2026-05-22
★
DIRECTOR
RAMAKER DAVID B
Purchase · 801 shares
2026-05-22

MOST RECENT ANALYST GRADES

GRADE SUMMARY
OUTPERFORM 2
MARKET PERFORM 1
NEUTRAL 1
4 GRADES IN THE LAST 12 MONTHS
Hovde Group MARKET PERFORM Keefe, Bruyette & Woods OUTPERFORM Piper Sandler NEUTRAL Raymond James OUTPERFORM

SECTORS PEERS

PEERPRICE
HBT$35.79COMPARE
MCB$91.79COMPARE
AMTB$28.84COMPARE
NBN$129.23COMPARE
BFST$31.21COMPARE
CCNE$34.01COMPARE
HBNC$19.56COMPARE
TRST$57.13COMPARE