$56.22
Closed
-(-)

At close

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About

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. The company is headquartered in Grand Rapids, Michigan and currently employs 744 full-time employees. The firm provides commercial banking services, primarily to small- to medium-sized businesses, and retail banking services. The company also provides secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The company also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. The company offers courier service to commercial customers and safe deposit boxes. Its subsidiaries include Eastern Michigan Bank, Mercantile Bank, Mercantile Community Partners LLC, Mercantile Bank Capital Trust I, Firstbank Capital Trust I, Firstbank Capital Trust II, Firstbank Capital Trust III, and Firstbank Capital Trust IV, Mercantile Insurance Center, Inc., West Lake Associates, LLC, Eastern Michigan Real Estate Company, and Eastern Michigan Exchange Services, LLC.
Country

US

CEO

Mr. Raymond Reitsma

IPO date

1997

Employees

744

ISIN

US5873761044

Key stats

Open

$56.22

Volume

73.63K

Market cap

$969.61M

Prev. close

$56.60

Impl / hst vl

-

Open interest

$0.00

$56.22

Day’s Range

$56.22

$47.06

52W Range

$59.71

Valuation

72
Valuation score
Undervalued
P/E
10.39
P/S
-
NIM
0.87
ROE
13.36
Efficiency ratio
43.36
FCF growth
404.81%
LLP / Net income
-7.93%

Jun

17

Dividends

The last payment date was Jun 17, 2026

Div. per Share

$0.39

Div. Yield

0.69%

Payout Ratio

-

Div. Growth YoY

0.00%

Analysts estimates

Consensus rating
Buy

The average rating from top 6 analysts indicates that stock is expected to perform in line with the market

Str. Sell
Sell
Hold
Buy
Str. Buy
Avg. price target
$61.03
The top 8 analysts forecasts that 12-month price may increase by 8.56%, with a low of $59.59 and a high of $65.10
$59.59
Low
$61.03
Avg
$65.10
High
Current price

Earnings

Q1 ‘26 interest income
$85.43M
Q1 ‘26 net income
$22.69M
Interest income
Net income
Previous EPS
$1.46
Estimate EPS
$1.35
Actual EPS
Estimate EPS
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