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Mercantile Bank Corporation

MBWM

Mercantile Bank Corp is a financial holding company that provides a comprehensive suite of commercial and retail banking services through its primary subsidiaries, Mercantile Bank and Eastern Michigan Bank.

Market cap
$1.04B+43.1%
Revenue$260.8M+11.1%
Net income$95.2M+17.0%
EPS (diluted)$5.69+13.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 20, 2026 (in 2 months)
Revenue estimate$70.9M
EPS estimate$1.36

Financials

Q2 2026

Income statement

See full
Revenue$68.8M+12.8%
Net income$25.9M+14.6%
EPS (diluted)$1.50+7.9%

Valuation & ratios

Valuation

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Market cap$1.04B+43.1%
P/E10.9×+2.0×
P/S+0.9×

Profitability

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Net margin36.5%+1.8pp

Competitors

Profile

Mercantile Bank Corp is a financial holding company that provides a comprehensive suite of commercial and retail banking services through its primary subsidiaries, Mercantile Bank and Eastern Michigan Bank. The company focuses on serving small- to medium-sized businesses and individual consumers across Michigan, leveraging a relationship-based lending model. Its core value proposition centers on local decision-making, specialized commercial lending expertise, and a robust community-focused service network.

Competitive position

A regional bank holding company with a significant presence in West, Central, and Eastern Michigan, characterized by a strong commercial credit culture and localized market expertise.

GeographiesMichigan, United States
Customer segmentsSMEs, Retail consumers, Commercial real estate investors
Business modelInterest-based lending, Fee-based financial services
SuppliersFederal Reserve System, Federal Deposit Insurance Corporation (FDIC), Core banking processor providers, Federal Home Loan Bank of Indianapolis (FHLBI)
CustomersMichigan-based small businesses, Commercial real estate developers, Retail banking customers, Non-profit organizations
Listed1997
Employees665.0
CEORaymond E. Reitsma
FilingsSEC EDGAR

FAQ

What is Mercantile Bank Corporation's market cap?
Mercantile Bank Corporation (MBWM) has a market capitalization of $1.0B and trades on NASDAQ.
What is Mercantile Bank Corporation's revenue and profitability?
Mercantile Bank Corporation generated $260.8M in trailing twelve-month revenue with net income of $95.2M, representing a net margin of 36.5%. These figures are based on the Q2 2026 filing.
Who are Mercantile Bank Corporation's competitors?
Mercantile Bank Corporation's key competitors include Huntington Bancshares, Fifth Third Bancorp, Byline Bancorp, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Mercantile Bank Corporation partner with?
Mercantile Bank Corporation's notable partners include Hub International, ACCEL/EXCHANGE, PLUS.
What subsidiaries does Mercantile Bank Corporation have?
Mercantile Bank Corporation's subsidiaries include Mercantile Bank, Eastern Michigan Bank, Mercantile Insurance Center, Inc., and others.
Where is Mercantile Bank Corporation headquartered?
Mercantile Bank Corporation is headquartered in United States of America and employs approximately 665 people. It has been publicly traded since 1997.