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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: $53.92 Daily Weekly Monthly
20 Day Moving Average: 92,390 shares
Shares Outstanding: 17.18 (millions)
Market Capitalization: $926.40 (millions)
Beta: 0.89
52 Week High: $55.77
52 Week Low: $37.76
Short Interest Ratio:
  % Price Change % Price Change Relative to S&P 500
4 Week 6.86% 8.55%
12 Week 22.32% 17.00%
Year To Date 12.10% 12.02%
 
 • 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: 12/01/25
Next Expected EPS Date: 04/28/26
Share - Related Items
Shares Outstanding: 17.18
Most Recent Split Date: 4.00 (1.05:1)
Beta: 0.89
Market Capitalization: $926.40 (millions)
 
 
 • EPS Information     • Dividend Information
Analyst Coverage: No Dividend Yield: 2.82%
Current Fiscal Quarter EPS Consensus Estimate: $1.29 Indicated Annual Dividend: $1.52
Current Fiscal Year EPS Consensus Estimate: $5.59 Payout Ratio: 0.28
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: 12/05/2025 - $0.38
Next EPS Report Date: 04/28/26  
 

 • Fundamental Ratios
P/E
Current FY Estimate: 9.64
Trailing 12 Months: 9.88
PEG Ratio: -
Price Ratios
Price/Book: 1.33
Price/Cash Flow: 9.66
Price / Sales: 2.49
EPS Growth
vs. Year Ago Period: 14.75%
vs. Previous Quarter: -4.11%
Sales Growth
vs. Year Ago Period: 0.70%
vs. Previous Quarter: -2.83%
ROE
12/31/25 - 14.03
09/30/25 - 13.78
06/30/25 - 13.52
ROA
12/31/25 - 1.43
09/30/25 - 1.39
06/30/25 - 1.34
Current Ratio
12/31/25 - -
09/30/25 - 0.98
06/30/25 - 0.98
Quick Ratio
12/31/25 - -
09/30/25 - 0.97
06/30/25 - 0.98
Operating Margin
12/31/25 - 23.87
09/30/25 - 23.05
06/30/25 - 22.11
Net Margin
12/31/25 - 23.87
09/30/25 - 23.05
06/30/25 - 22.11
Pre-Tax Margin
12/31/25 - -
09/30/25 - 27.13
06/30/25 - 26.56
Book Value
12/31/25 - -
09/30/25 - 40.46
06/30/25 - 38.87
Inventory Turnover
12/31/25 - -
09/30/25 - 5.50
06/30/25 - 4.80
Debt-to-Equity
12/31/25 - -
09/30/25 - 0.74
06/30/25 - 0.79
Debt-to-Capital
12/31/25 - -
09/30/25 - 42.53
06/30/25 - 44.01
 

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