Is Mercantile Bank Corporation (MBWM) a good stock to buy?

Olyth's institutional analysis of MBWM reveals an Altman Z-Score of -0.42 and a Piotroski F-Score of 5/9. These metrics, combined with its 5-year revenue trend ($0.37B most recent), help investors decide if MBWM fits their risk profile.

What is the current P/E ratio for MBWM?

As of the latest trading session, Mercantile Bank Corporation (MBWM) has a trailing P/E ratio of 9.47.

Who is the CEO of Mercantile Bank Corporation?

The current Chief Executive Officer of Mercantile Bank Corporation is Raymond E. Reitsma.

What was MBWM's revenue for the last 5 years?

According to its latest income statements, Mercantile Bank Corporation reported annual revenues of $0.37B (2025), $0.36B (2024), $0.30B (2023), $0.21B (2022), $0.20B (2021) respectively.

Does MBWM pay a dividend?

Mercantile Bank Corporation currently pays a dividend to its shareholders, with a trailing dividend yield of 2.94%.

How much debt and cash flow does MBWM have?

In its latest reporting period, Mercantile Bank Corporation generated $0.01B in Free Cash Flow against a total debt load of $0.83B.

What is the Price-to-Book (P/B) ratio of Mercantile Bank Corporation?

The Price-to-Book (P/B) ratio for Mercantile Bank Corporation (MBWM) is currently 1.16.

What is the Price-to-Sales (P/S) ratio of MBWM?

Based on trailing twelve-month data, Mercantile Bank Corporation (MBWM) trades at a Price-to-Sales (P/S) ratio of 2.40.

What is Mercantile Bank Corporation's Return on Equity (ROE)?

Mercantile Bank Corporation (MBWM) has a Return on Equity (ROE) of 13.54%, representing its profitability relative to shareholder equity.

MBWM

Mercantile Bank Corporation · Financial Services

51.66

0.25%(+0.13)

Market Open

Last Updated: — ET

52W L: $37.7652W H: $55.77

$51.37

CHG+1.20 (+2.39%)

H$51.98

L$48.18

VOL1.6M

MBWM (1h)

Company Profile

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Sector

Financial Services

Industry

Banks - Regional

Employees

662

IPO Date

1999-07-20

Beta

0.87

Websitewww.mercbank.com↗

MBWM

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