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Mercantile Bank Corporation MBWM | NASDAQ

$58.89 -$0.49 | -0.83%
SIGNAL:Signal available — unlock to view |2026-09-23 |F&G 38 |RSI 41.8
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Company Overview:

Market Cap: $1.02B
Trailing PE: 14x
FWD PE *: 10.7x
Payout Ratio (TTM): 26.7%
52-Week Range: $42.75 - $62.95

* Forward PE is based on street estimates.

10 Year MBWM Performance Metrics:

Total Return (with DRIP): 217.0% (12.23% CAGR)
Total Return (no DRIP): 167.0% (10.32% CAGR)
Share Price: 119.3% (8.17% CAGR)
Yield on Cost (with DRIP): 8.61%
Total Invested: $10,000
Total Value (with DRIP): $31,702
Total Return $ (with DRIP): $21,702
Dividend Increase: 116.7% (8.26% CAGR)
Dividend Yield (FWD): 2.72% ($1.60)
MBWM 10-yr Total Return ($10K invested)
1M 3M 6M YTD 1Y 3Y 5Y 10Y
MBWM Share Price
1M 3M 6M YTD 1Y 3Y 5Y 10Y All
MBWM Price CAGR:1Y: 31.10%2Y: 16.06%5Y: 12.58%10Y: 8.17%
MBWM Dividend Charts
MBWM - Dividends
MBWM Dividend CAGR:1Y: 5.26%2Y: 5.41%5Y: 5.92%10Y: 8.93%
MBWM - Dividend Payout Ratio
MBWM Dividend Payout Ratio CAGR:1Y: 0.24%2Y: -6.12%5Y: -3.72%10Y: -3.07%
MBWM - Dividend to Free Cash Flow Ratio
MBWM Dividend to FCF Ratio CAGR:1Y: 49.84%2Y: 0.00%5Y: 0.00%10Y: -0.95%

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MBWM Fundamentals: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

MBWM - Revenue
MBWM Revenue CAGR:1Y: 2.25%2Y: 2.71%5Y: 16.03%10Y: 11.96%
MBWM - Earnings Per Share (EPS)
MBWM EPS CAGR:1Y: 2.74%2Y: 10.88%5Y: 9.57%10Y: 12.07%
MBWM - Net Income
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MBWM Net Income CAGR:1Y: 9.13%2Y: 14.96%5Y: 11.49%10Y: 12.70%
MBWM - EBITDA
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MBWM EBITDA CAGR:1Y: 14.22%2Y: 9.90%5Y: 4.18%10Y: 6.70%
MBWM - Free Cash Flow
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MBWM Free Cash Flow CAGR:1Y: -27.00%2Y: 0.00%5Y: 0.00%10Y: 10.30%
MBWM - Free Cash Flow / Share
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MBWM Free Cash Flow / Share CAGR:1Y: -31.35%2Y: 0.00%5Y: 0.00%10Y: 9.66%
MBWM - Operating Income
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MBWM Operating Income CAGR:1Y: 13.63%2Y: 12.69%5Y: 5.96%10Y: 7.79%
MBWM - Gross Profit
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MBWM Gross Profit CAGR:1Y: 10.56%2Y: 9.97%5Y: 0.00%10Y: 0.00%
MBWM - Shares Outstanding
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MBWM Shares Outstanding CAGR:1Y: 6.34%2Y: 3.41%5Y: 1.70%10Y: 0.57%
MBWM - Share Buybacks
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MBWM Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
MBWM - Stock-Based Comp
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MBWM Stock-Based Comp CAGR:1Y: 10.01%2Y: 6.68%5Y: 17.93%10Y: 13.62%
MBWM - Expenses
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MBWM Expenses CAGR:1Y: -87.57%2Y: -75.82%5Y: -13.94%10Y: -7.86%
MBWM - Revenue vs Net Income
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MBWM - EPS vs FCF / Share
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MBWM - EPS vs PE Ratio
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MBWM - FCF vs FCF / Share
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MBWM - FCF vs Stock Based Comp
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MBWM - Cash & Debt
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MBWM - Revenue by Segment
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MBWM Revenue CAGR:1Y: 2.25%2Y: 2.71%5Y: 16.03%10Y: 11.96%

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

MBWM - REVENUE: Actual + Estimates
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MBWM Actual Revenue CAGR:1Y: 2.25%2Y: 2.71%5Y: 16.03%10Y: 11.96%
MBWM - EPS: Actual + Estimates
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MBWM Actual EPS CAGR:1Y: 2.74%2Y: 10.88%5Y: 9.57%10Y: 12.07%
MBWM - NET INCOME: Actual + Estimates
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MBWM Actual Net Income CAGR:1Y: 9.13%2Y: 14.96%5Y: 11.49%10Y: 12.70%
MBWM - EBITDA: Actual + Estimates
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MBWM Actual EBITDA CAGR:1Y: 14.22%2Y: 9.90%5Y: 4.18%10Y: 6.70%

Ratios, Profit Margins & Return on Capital:

MBWM - Net Profit Margin
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MBWM Net Profit Margin CAGR:1Y: 6.71%2Y: 11.91%5Y: -3.91%10Y: 0.66%
MBWM - Gross Profit Margin
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MBWM Gross Profit Margin CAGR:1Y: 8.12%2Y: 7.06%5Y: -6.88%10Y: -3.50%
MBWM - Price to Earnings
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MBWM Price to Earnings CAGR:1Y: 24.20%2Y: 3.17%5Y: 2.55%10Y: -3.69%
MBWM - Price To Sales Ratio
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MBWM Price To Sales Ratio CAGR:1Y: 32.70%2Y: 15.38%5Y: -1.49%10Y: -3.06%
MBWM - Return on Capital Employed
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MBWM Return on Capital Employed CAGR:1Y: 1.33%2Y: 9.83%5Y: 38.26%10Y: 17.33%
MBWM - Return on Invested Capital
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MBWM Return on Invested Capital CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

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MBWM Dividends Info:

Annual Dividend: $1.6
Forward Yield: 2.72%
Ex-Dividend Date: 2026-09-04
Lifetime Dividends / Share: $19.67

MBWM Dividend History: Dates, Payments & Yield list

Below is a schedule of all MBWM dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date Payment Date Amount Yield Forward Yield Price on Ex-Date
09/04/202609/16/2026$0.4002.57%2.64%$60.55
06/05/202606/17/2026$0.3902.96%2.93%$53.26
03/06/202603/18/2026$0.3903.1%3.14%$49.65
12/05/202512/17/2025$0.3803.26%3.09%$49.20
09/05/202509/17/2025$0.3803.12%3.25%$46.79
06/06/202506/18/2025$0.3703.33%3.4%$43.56
03/07/202503/19/2025$0.3703.25%3.28%$45.07
12/06/202412/18/2024$0.3602.85%3.19%$45.14
09/06/202409/18/2024$0.3603.36%3.18%$45.27
06/07/202406/19/2024$0.3503.85%3.86%$36.25
02/29/202403/13/2024$0.3503.8%3.84%$36.43
11/30/202312/13/2023$0.3403.95%3.41%$39.84
08/31/202309/13/2023$0.3404.07%4.22%$32.19
06/01/202306/14/2023$0.3304.99%4.49%$29.43
03/02/202303/15/2023$0.3303.84%4.2%$31.41
12/01/202212/14/2022$0.3203.69%3.87%$33.08
09/01/202209/14/2022$0.3203.88%4.03%$31.75
06/02/202206/15/2022$0.3103.82%3.92%$31.62
03/03/202203/16/2022$0.3103.3%3.26%$38.02
12/02/202112/15/2021$0.3003.52%3.48%$34.45
09/02/202109/15/2021$0.3003.83%4%$30.00
06/03/202106/16/2021$0.2903.57%3.63%$32.00
03/04/202103/17/2021$0.2903.8%3.57%$32.50
12/03/202012/16/2020$0.2804.46%4.22%$26.53
09/03/202009/16/2020$0.2805.22%5.59%$20.02
06/04/202006/17/2020$0.2804.75%5.1%$21.96
03/05/202003/18/2020$0.2804.03%5%$22.38
12/05/201912/18/2019$0.2703.08%2.93%$36.91
09/05/201909/18/2019$0.2703.48%3.2%$33.70
06/06/201906/19/2019$0.2603.32%3.23%$32.24
03/07/201903/20/2019$0.2603.15%3.2%$32.55
12/06/201812/19/2018$1.00013.99%14.25%$28.07
09/06/201809/19/2018$0.2402.79%2.8%$34.24
06/07/201806/20/2018$0.2202.36%2.35%$37.45
03/08/201803/21/2018$0.2202.49%2.47%$35.65
12/07/201712/20/2017$0.1902.12%2.07%$36.71
09/07/201709/20/2017$0.1902.61%2.27%$33.45
06/07/201706/21/2017$0.1802.31%2.28%$31.57
03/08/201703/22/2017$0.1802.17%2.17%$33.25
12/07/201612/21/2016$0.6707.86%7.07%$37.89
09/07/201609/21/2016$0.1702.54%2.49%$27.31
06/08/201606/23/2016$0.1602.55%2.6%$24.63
03/09/201603/23/2016$0.1602.77%2.81%$22.80
12/09/201512/23/2015$0.1502.43%2.4%$24.95
09/09/201509/23/2015$0.1503.04%2.87%$20.92
06/10/201506/24/2015$0.1402.74%2.59%$21.63
03/11/201503/25/2015$0.1402.95%2.91%$19.24
12/10/201412/24/2014$0.1202.45%2.25%$21.38
09/10/201409/24/2014$0.1202.52%2.5%$19.22
06/11/201406/25/2014$0.1202.41%2.28%$21.05
05/20/201405/29/2014$2.00037.79%37.95%$21.08
02/06/201403/10/2014$0.1202.47%2.32%$20.66
11/06/201312/10/2013$0.1202.19%2.32%$20.66
08/07/201309/10/2013$0.1202.49%2.33%$20.63
05/08/201306/10/2013$0.1102.59%2.62%$16.79
02/06/201303/08/2013$0.1002.42%2.36%$16.96
11/07/201212/10/2012$0.0902.46%2.43%$14.81
02/08/201003/10/2010$0.0101.16%1.11%$3.59
11/06/200912/10/2009$0.0101.09%1.22%$3.27
08/06/200909/10/2009$0.0101.05%0.94%$4.24
05/06/200906/10/2009$0.0101.03%1.15%$3.47
02/06/200903/10/2009$0.0403.79%3.95%$4.05
11/06/200812/10/2008$0.0402.13%3.03%$5.28
08/06/200809/10/2008$0.0401.73%1.66%$9.63
05/07/200806/10/2008$0.0803.17%4.23%$7.56
02/06/200803/10/2008$0.1504.24%5.16%$11.62
11/07/200712/10/2007$0.1403.33%3.23%$17.34
08/08/200709/10/2007$0.1402.67%2.56%$21.91
05/08/200706/08/2007$0.1402.05%2.02%$27.73
02/07/200703/09/2007$0.1331.62%1.68%$31.72
11/08/200612/08/2006$0.1241.35%1.38%$35.92
08/08/200609/08/2006$0.1241.33%1.31%$37.91
05/15/200606/09/2006$0.1241.37%1.31%$37.70
02/08/200603/10/2006$0.1141.34%1.32%$34.74
11/08/200512/09/2005$0.1051.17%1.17%$35.83
08/08/200509/09/2005$0.1051.04%1.01%$41.68
05/06/200506/10/2005$0.1001.13%1.1%$36.36
02/08/200503/10/2005$0.0910.93%1.02%$35.43
11/08/200412/10/2004$0.0820.99%0.9%$36.45
08/06/200409/10/2004$0.0821.14%1.07%$30.64
05/06/200406/10/2004$0.0821.05%1.09%$29.83
02/06/200403/10/2004$0.0781.06%1.04%$29.91
11/06/200312/10/2003$0.0691.03%0.94%$29.54
08/07/200309/10/2003$0.0691.05%1.01%$27.48
05/08/200306/10/2003$0.0691.27%1.29%$21.39
02/06/200303/10/2003$0.0691.37%1.43%$19.28

Projected Future Returns & Dividends for MBWM

Based on past 10-year performance, here are MBWM growth metrics:

Share price CAGR of +8.17%
Dividend CAGR of +8.95%

Using MBWM CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

MBWM (DRIP)MBWM - No DRIP
Current Price$58.89$58.89
Start Shares169.81169.81
Start Value$10,000$10,000
  
After 10 years:
Final Share Count224.59169.81
Dividends Payment$0.94$0.94
Annual Dividends$847$640
Yield on cost8.47%6.40%
Share Price$129.21$129.21
Total Dividends$4,819$4,117
Final Value$29,020$26,059

Estimated Future Value + Dividends - MBWM

NOTE: Above numbers are our estimate based on MBWM's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

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Company Info

Mercantile Bank Corporation (MBWM) had its IPO on 1999-07-20, and is traded on NASDAQ stock exchange.

Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including funding for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options. Beyond core banking, Mercantile Bank supplies additional conveniences like courier services and secure deposit boxes. It also markets a comprehensive array of insurance policies, such as coverage for private auto, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella liability, small business needs, and life insurance. The bank's infrastructure further includes 22 automated teller machines (ATMs) and 19 video banking machines. As of January 18, 2022, the company maintained 44 branch locations. Established in 1997, Mercantile Bank Corporation's main office is situated in Grand Rapids, Michigan.

MBWM website: https://www.mercbank.com

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Loading signals…

DCF model unavailable for MBWM — no fundamentals on file (ETFs and funds are not modelable).