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Zacks Company Profile for Mercantile Bank Corporation (MBWM : NSDQ)
 
 • Company Description   
Mercantile Bank Corporation serves businesses and consumers across Grand Rapids and Kent County with a full range of mortgage, lending, deposit and checking products and services in a friendly, hometown banking environment.

Number of Employees: 682

 
 • Price / Volume Information   
Yesterday's Closing Price: $48.34 Daily Weekly Monthly
20 Day Moving Average: 47,120 shares
Shares Outstanding: 16.25 (millions)
Market Capitalization: $785.46 (millions)
Beta: 0.95
52 Week High: $52.98
52 Week Low: $37.76
Short Interest Ratio:
  % Price Change % Price Change Relative to S&P 500
4 Week 2.57% 0.72%
12 Week 10.97% 0.75%
Year To Date 8.65% -2.99%
 
 • Address & Contact Information
Street Address Phone / Fax Email Address Web URL
310 LEONARD STREET NW
-
GRAND RAPIDS,MI 49504
USA
ph: 616-406-3000
fax: 616-406-3737
cchristmas@mercbank.com http://www.mercbank.com
 
 • General Corporate Information   
Officers
Raymond E. Reitsma - President and Chief Executive Officer
Michael H. Price - Chairman
Charles E. Christmas - Executive Vice President; Chief Financial Office
Michael S. Davenport - Director
Thomas D. Dickinson - Director

Peer Information
Mercantile Bank Corporation (CNBA)
Mercantile Bank Corporation (CNBD)
Mercantile Bank Corporation (ASB)
Mercantile Bank Corporation (CFIC)
Mercantile Bank Corporation (OSBC)
Mercantile Bank Corporation (FMBI)
Industry / Sector / Ticker Info
Analyst Coverage: No
Industry Group: BANKS-MIDWEST
Sector: Finance
CUSIP: 587376104
SIC: 6022
Fiscal Year
Fiscal Year End: December
Last Reported Quarter: 06/01/25
Next Expected EPS Date: 10/21/25
Share - Related Items
Shares Outstanding: 16.25
Most Recent Split Date: 4.00 (1.05:1)
Beta: 0.95
Market Capitalization: $785.46 (millions)
 
 
 • EPS Information     • Dividend Information
Analyst Coverage: No Dividend Yield: 3.14%
Current Fiscal Quarter EPS Consensus Estimate: $1.38 Indicated Annual Dividend: $1.52
Current Fiscal Year EPS Consensus Estimate: $5.23 Payout Ratio: 0.29
Number of Estimates in the Fiscal Year Consensus: 3.00 Change In Payout Ratio: -0.03
Estmated Long-Term EPS Growth Rate: % Last Dividend Paid: 09/05/2025 - $0.38
Next EPS Report Date: 10/21/25  
 

 • Fundamental Ratios
P/E
Current FY Estimate: 9.24
Trailing 12 Months: 9.59
PEG Ratio: -
Price Ratios
Price/Book: 1.24
Price/Cash Flow: 8.66
Price / Sales: 2.13
EPS Growth
vs. Year Ago Period: 18.80%
vs. Previous Quarter: 14.88%
Sales Growth
vs. Year Ago Period: 5.49%
vs. Previous Quarter: 4.92%
ROE
06/30/25 - 13.52
03/31/25 - 13.33
12/31/24 - 14.11
ROA
06/30/25 - 1.34
03/31/25 - 1.31
12/31/24 - 1.38
Current Ratio
06/30/25 - 0.98
03/31/25 - 0.99
12/31/24 - 1.00
Quick Ratio
06/30/25 - 0.98
03/31/25 - 0.99
12/31/24 - 1.00
Operating Margin
06/30/25 - 22.11
03/31/25 - 21.35
12/31/24 - 21.99
Net Margin
06/30/25 - 22.11
03/31/25 - 21.35
12/31/24 - 21.99
Pre-Tax Margin
06/30/25 - 26.56
03/31/25 - 26.24
12/31/24 - 27.16
Book Value
06/30/25 - 38.87
03/31/25 - 37.47
12/31/24 - 36.20
Inventory Turnover
06/30/25 - 4.80
03/31/25 - 5.07
12/31/24 - 4.97
Debt-to-Equity
06/30/25 - 0.79
03/31/25 - 0.83
12/31/24 - 0.90
Debt-to-Capital
06/30/25 - 44.01
03/31/25 - 45.41
12/31/24 - 47.40
 

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