MBWM
Financials

Mercantile Bank Corporation

MBWM
Since

Headquarters:

MI, United States

Exchange:

NASDAQ

Industry:

Banks—Regional

Number of Employees:

653.00

Current Fiscal Year:

2024

Market Cap:

682.96M

Price per Share:

$42.31

Quarterly Dividend per Share:

$0.36
Year-to-date Performance:
-3.3356%
Dividend Yield:
2.43%
Price-to-book Ratio:
1.17
Trailing P/E Ratio:
11.16

Price History

Latest Prices

DateOpenHighLowClose
2025-04-3042.4442.6841.8842.31
2025-04-2941.9442.9741.8142.97
2025-04-2842.0942.641.542.23
2025-04-2541.5241.91541.3841.84
2025-04-2441.3542.2241.27542.07

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 provides 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 offers 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Financial Performance

2024 Revenue:173.14M

Detailed view of quarterly revenue

2024 Net Income:61.21M

Detailed view of quarterly net income

2024 Free Cash Flow:17.23M

Overview of free cash flow for the quarter

Annual Revenue Comparison

Compares total annual revenues

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