# Mercantile Bank share price today (Mercantile Bank Corporation, MBWM)

> Mercantile Bank Corporation's results are improving, and its P/BV is near the top of its own history, higher than 94% of past readings. MBWM · Financials · Banks - Regional · data as of 5 November 2026. Page: https://www.sectoralpha.in/us/stocks/mbwm

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: $60.26 (+33.5% in a year)
- P/BV: 1.4× (higher than 94% of the last 1 year)
- Revenue (Sep 2026): $72.5 M (+17.1% on a year ago)
- Profit (Sep 2026): $24.1 M (+1.3% on a year ago)
- Net margin: 33.2% (−5.2 points on a year ago)
- ROE: 14%, FY25
- ROA: 1.42%, latest

The main question: results are strong, and the P/BV is higher than 94% of its own history. ## What is the Mercantile Bank share price today? Mercantile Bank Corporation's share price was $60.26 at the close on 5 November 2026. That is 8.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between $45 and $62, and at that close it sat 89% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row. Over the last 1 year the share price moved +24% while the S&P 500 moved +18%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Mercantile Bank pay? Mercantile Bank Corporation paid $1.56 per share over the last four reported quarters. The most recent declaration was $0.40 for Sep 2026. At today's price of $60.26 that is a yield of 2.59%, based on dividends already paid, not a forecast. ## Which stock lists is Mercantile Bank on? Mercantile Bank is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Mercantile Bank profitable? Mercantile Bank Corporation earned $24.1 M of net profit in the Sep 2026 quarter, +1.3% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY25 profit was $88.8 M. Over 4 years profit has grown 10.7% a year on average. That is 33.2% of the quarter's revenue. The same quarter a year earlier earned $23.8 M. For the full year, FY25 profit was $88.8 M (+11.5% on the year before). Why profit moved: revenue changed +17.1% on a year earlier and the margin moved −5.2 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +12.1% and revenue +17.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Mercantile Bank make, and is it growing? Mercantile Bank Corporation reported $72.5 M of income in the Sep 2026 quarter, +17.1% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 4 years it has grown 6.6% a year on average. The last full year, FY25, came in at $238 M. The last four reported quarters add to $275 M. FY25 revenue was $238 M, +6.7% on the year before. Recent pace: the last four quarters grew +17.6% on average, against 6.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +17.6%, against +11.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +11.7%, against +9.3% a year (stabilising). ## How much does Mercantile Bank keep from what it earns? Mercantile Bank Corporation's net margin was 33.2% in the Sep 2026 quarter, 5.2 percentage points lower than the same quarter a year ago. Across 5 years it has been between 32.0% and 37.7%. The latest quarter is within that range. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of Mercantile Bank's loans have gone bad? Mercantile Bank Corporation does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Mercantile Bank's loan book growing? Mercantile Bank Corporation's revenue was $238 M in FY25, +6.7% on the year before, so the loan book is growing. The latest quarter was +17.1% on a year earlier. The net margin on that income is 33.2%, −5.2 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Quarterly loan-quality figures are missing here, so revenue growth and margin are the two we watch. ## What is Mercantile Bank's P/BV ratio, and how does it compare with its own history? Mercantile Bank Corporation's P/BV is 1.4×, near the high end of its own history: higher than 94% of past readings. Its usual P/BV (the middle reading) is 1.2×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year book value grew while the price moved +33.5%. The price ran ahead of book value, which pushed the multiple up within its own range. In short: the multiple is high against its own past, so the book value trend underneath matters more than the multiple. ## Is the Mercantile Bank business getting better or worse? Mercantile Bank Corporation's business is growing steadily. Revenue and profit growth have stayed positive throughout, and ROE is steady at 12.8%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Mercantile Bank earn on its equity and assets? Mercantile Bank Corporation earned a return on equity of 12% in FY25. That is its lowest yearly reading on file. On its assets, every $100 earned about $1.42, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is. Why: the ROE chart shows the move, but the deposit-cost and bad-loan details behind it are not in our data. ## Does Mercantile Bank have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Mercantile Bank shareholding pattern? 3.3% of Mercantile Bank Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Mercantile Bank from balance-sheet trouble? For Mercantile Bank Corporation, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Mercantile Bank rank in its industry? There is no score against its industry: Mercantile Bank Corporation is not among the largest members shown in this industry comparison for Banks - Regional. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Mercantile Bank compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Mercantile Bank in size? Mercantile Bank is the 151st largest of 274 Banks - Regional companies on Sector Alpha by market value (scores of 5 November 2026). Just above it: Five Star Bancorp, Horizon Bancorp, Inc. and CNB Financial Corporation. Just below it: Business First Bancshares, Inc., MetroCity Bankshares, Inc. and Capitol Federal Financial, Inc. ### Banks - Regional companies close in size

1. [Five Star Bancorp](https://www.sectoralpha.in/us/stocks/fsbc) $1.1 billion
2. [Horizon Bancorp, Inc.](https://www.sectoralpha.in/us/stocks/hbnc) $1.1 billion
3. [CNB Financial Corporation](https://www.sectoralpha.in/us/stocks/ccne) $1.1 billion
4. Mercantile Bank Corporation $1 billion
5. [Business First Bancshares, Inc.](https://www.sectoralpha.in/us/stocks/bfst) $1 billion
6. [MetroCity Bankshares, Inc.](https://www.sectoralpha.in/us/stocks/mcbs) $1 billion
7. [Capitol Federal Financial, Inc.](https://www.sectoralpha.in/us/stocks/cffn) $1 billion

[All 274 Banks - Regional companies, largest first](https://www.sectoralpha.in/us/sectors/banks-regional#all-companies)

### Companies close in size in other industries

1. [Ridgepost Capital, Inc](https://www.sectoralpha.in/us/stocks/rpc) $1.1 billion · Asset Management
2. [Business First Bancshares, Inc.](https://www.sectoralpha.in/us/stocks/bfst) $1.1 billion · Banks - Regional
3. Mercantile Bank Corporation $1.1 billion
4. [CeriBell, Inc.](https://www.sectoralpha.in/us/stocks/cbll) $1.1 billion · Medical Devices
5. [Capitol Federal Financial, Inc.](https://www.sectoralpha.in/us/stocks/cffn) $1.1 billion · Banks - Regional

## What else do people ask about Mercantile Bank? ### What were Mercantile Bank's latest quarterly results? Mercantile Bank Corporation reported total income of $72.5 M and net profit of $24.1 M for the Sep 2026 quarter. Income rose 17.1% and profit rose 1.3% compared with a year earlier. Earnings per share were $1.39. The net margin was 33.2%, 5.2 percentage points lower than a year earlier (as of 5 November 2026). ### What is Mercantile Bank's market cap? Mercantile Bank Corporation's market capitalisation is $1.0 B at a stock price of $60.26. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 5 November 2026). ### How is Mercantile Bank performing? Mercantile Bank Corporation's latest readings are below. In its latest quarter, income rose 17.1% and profit rose 1.3% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 5 November 2026). ### Will Mercantile Bank's stock price go up? This page does not forecast Mercantile Bank Corporation's stock price. What it shows instead: the stock price is $60.26. Its P/BV of 1.4× is higher than 94% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 5 November 2026). ### Where is Mercantile Bank in its business cycle? Mercantile Bank Corporation's FY25 net margin was 37.2%, against a 5-year range of 32.0% to 37.7%: the middle of its own range, neither a peak nor a low. The latest quarter was 33.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 5 November 2026). ### What could break the Mercantile Bank story? The main question: results are strong, and the P/BV is higher than 94% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 5 November 2026). ### Is Mercantile Bank a stock worth studying right now? What the numbers show: Mercantile Bank Corporation's results are improving, and its P/BV is near the top of its own history, higher than 94% of past readings. The main open question: whether earnings grow enough to match the multiple. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 5 November 2026). This is research, not advice. We’re not SEBI-registered.