MB
MBWM.O
—
NASDAQ
Banks
Mbwm.O
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
—
P/E
—
EV / Rev
—
Div yield
2,47 %
Op margin
—
ROE
12,2 %
Net margin
—
Debt / equity
—
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
$59,73
Open
—
Next earnings
2026-10-28
Ex-dividend
—
TR 1Y
—
About
Mercantile Bank Corp operates as a commercial bank within the Financials sector, generating revenue through banking activities.
Business. Mercantile Bank Corp operates as a commercial bank within the Financials sector, generating revenue through banking activities.
Classification85 %
SectorFinancials
Industry groupBanks
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership→
American Century Investment Management, Inc.
largest disclosed fund holder
Profitability→
12,2 %
return on equity
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,6 %
Energy+0,6 %+3,3 %+0,0 %
Health Care+0,6 %−0,8 %+0,0 %
Information Technology+0,6 %+6,7 %+0,0 %
Consumer Discretionary+0,4 %+7,6 %−0,2 %
Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
Consumer Staples−0,4 %+2,5 %−1,0 %
Real Estate−0,7 %+10,9 %−1,3 %
Industrials−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to MBWM.O. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Peers
- DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
Mercantile Bank Corp operates as a commercial bank within the Financials sector, generating revenue through banking activities.
Classification85 %
SectorFinancials
Industry groupBanks
AI synthesis
GENERATEDMercantile Bank Corp maintains a capital structure defined by total assets of $6.84 billion and total equity of $724.88 million. Total liabilities stand at $6.11 billion, resulting in a reported debt-to-equity ratio of 0.0 in the valuation snapshot. The company generated operating cash flow of $17.97 million during the latest period. Basic and diluted shares outstanding are identical at 17.18 million, indicating no current dilution from options or convertible securities in the share count calculation.
Profitability metrics show a return on equity (ROE) of 12.24% and a return on assets (ROA) of 1.30%. Net income for the period was $88.75 million. These returns reflect the company's efficiency in utilizing its equity base and asset portfolio to generate earnings. The ROE of 12.24% suggests a moderate level of profitability relative to shareholder equity, while the ROA of 1.30% indicates the asset utilization efficiency typical of the banking sector.
Segment and geographic revenue breakdowns are not provided in the available data. Consequently, specific revenue concentration risks by business line or region cannot be quantified. The analysis relies on consolidated financial figures to assess the company's overall performance.
Historical revenue and net income trends are not available in the input data. Therefore, the growth trajectory and year-over-year performance changes cannot be evaluated. The current financial snapshot provides a static view of the company's position without historical context for trend analysis.
Risk assessment indicates low dilution risk, supported by the matching basic and diluted share counts. However, liquidity risk is flagged as unknown due to the absence of specific balance-sheet inputs required for detailed liquidity ratios such as the current ratio or quick ratio. The key flag notes that liquidity risk could not be assessed due to missing data points.
Recent news observations indicate system-level reconciler events related to coverage closure and analysis job queuing for Mercantile Bank Corp. These events are operational in nature and do not reflect fundamental business changes or strategic announcements. No significant filing, IR, or transcript observations are present to provide additional context on recent corporate actions.
Key takeaways
- ROE of 12.24% and ROA of 1.30% indicate moderate profitability efficiency.
- Debt-to-equity ratio is reported as 0.0, suggesting a specific accounting treatment or data limitation in the valuation snapshot.
- Dilution risk is low with no difference between basic and diluted shares outstanding.
- Liquidity risk assessment is incomplete due to missing balance-sheet inputs for standard ratios.
- No historical trend data is available to evaluate growth momentum.
Bull / Bear case
analysis pipeline— missing data
In focus — financials by report
Valuation
Market price
$60,72
Market cap
—
Enterprise valueⓘ
—
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
—
P / Tangible bookⓘ
—
Tangible book
$724.9M
Net cashⓘ
—
Current ratioⓘ
—
Debt / equityⓘ
—
ROAⓘ
1.3%
ROEⓘ
12.2%
Cash conversionⓘ
20.0%
CapEx / revenueⓘ
—
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Business relationships
— missing data
Supply chain
— missing data
Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution6 analysts
Strong buy0
Buy3
Hold3
Sell0
Strong sell0
12-month price target$63,17 · Median $63,50
Low $60,00High $65,00
Operating income · consensus120,7M USD
EPS surprise
−1,2 %
reported vs consensus · miss
Revenue surprise
−13,2 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low$60,00
Mean$63,17
Median$63,50
High$65,00
Spot$60,72
+4.0 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskUnknown
Benchmarks vs cohort
ROE12,2 %Above P75
D/E0,00Above median
Cash Conv0,20Below median
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
— missing data
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
How metrics are computed
- Cash Conversion Ratiooperating_cash_flow / net_income
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Return On Equitynet_income / total_equity
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Return On Assetsnet_income / total_assets
Source documents
- MERCANTILE BANK CORPORATION Market data — financials · 2026-07-31
- reconciler_enqueue (reconciler) on MBWM.O · 2026-07-31
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,01 %$28M
- Investment Managers · as of 2026-03-310,01 %$60M
- Investment Managers · as of 2026-03-310,01 %$52M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$12M
- Investment Managers · as of 2024-06-300,00 %$63M
- Investment Managers · as of 2026-03-310,00 %$22M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$25M
- Institutional Investor · as of 2026-03-310,00 %$5M
- Brokerage Firms · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2025-12-310,00 %$51M
- Investment Managers · as of 2026-03-310,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2024-12-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$1M
- Brokerage Firms · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Funds · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$1M
Leadership
- Bob B. KaminskiPresident, Chief Executive Officer, Director
Insider activity
Net selling2 buys · 2 sellsnet -$96K17 insiders · last 365d
- Director · Common StockOther 715 · 2026-05-22
- Director · Common StockOther 715 · 2026-05-22
- Director · Common StockOther 715 · 2026-05-22
- Director · Common StockOther 906 · 2026-05-22
- Director · Common StockOther 715 · 2026-05-22
- Director · Common StockOther 753 · 2026-05-22
- Director · Common StockOther 830 · 2026-05-22
- Director · Common StockOther 715 · 2026-05-22
- Director · Common StockOther 1 096 · 2026-05-22
- Director · Common StockOther 801 · 2026-05-22
- Director · Common StockOther 715 · 2026-05-22
- EVP & CFO · Common StockOther 3 021 @ $54,24$164K · 2026-02-17
- Director, President and CEO · Common StockOther 4 040 @ $54,24$219K · 2026-02-17
- EVP & CFO · Common StockOther 1 326 · 2026-02-15
- Director, President and CEO · Common StockOther 1 808 · 2026-02-15
- Director, President and CEO · Common StockOther 3 779 · 2026-02-05
- EVP&Chief Comm Banking Officer · Common StockOther 1 437 · 2026-02-05
- EVP & CHIEF HR OFFICER · Common StockOther 1 888 · 2026-02-05
- EVP & CHIEF HR OFFICER · Common StockOther 944 · 2026-02-05
- EVP & CFO · Common StockOther 2 829 · 2026-02-05
- EVP & CFO · Common StockOther 1 414 · 2026-02-05
- EVP&Chief Comm Banking Officer · Common StockOther 2 875 · 2026-02-05
- EVP, COO, & SECRETARY · Common StockOther 2 271 · 2026-02-05
- EVP, COO, & SECRETARY · Common StockOther 1 135 · 2026-02-05
- EVP & Chief Experience Officer · Common StockOther 910 · 2026-02-05
Short positioning
425.9Kshares short-6.9% vs prior
4.1days to cover
75.2%short of daily vol
1fails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
MBWM.OCanonical
NASDAQ · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskUnknown
Relationship graph
This companyPeerSector
Evidence & claims
From filings & derived data- Shares outstanding (annual): 17.18MUnknown
- Shareholders' equity (annual): USD 724.88MUnknown
- Pre-tax income (annual): USD 103.49MUnknown
- Total assets (annual): USD 6.84BUnknown
- EPS (basic) (annual): USD-PER-SHARES 5Unknown
- Total liabilities (annual): USD 6.11BUnknown
- EPS (diluted) (annual): USD-PER-SHARES 5Unknown
- Operating cash flow (annual): USD 17.97MUnknown
- Net income (annual): USD 88.75MUnknown
- Total assets (annual): USD 6.05BUnknown
- Operating cash flow (annual): USD 101.12MUnknown
- Total liabilities (annual): USD 5.47BUnknown
- Pre-tax income (annual): USD 98.29MUnknown
- Shareholders' equity (annual): USD 584.53MUnknown
- Net income (annual): USD 79.59MUnknown
- Shares outstanding (annual): 16.15MUnknown
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
2026-07-21 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
2026-07-21EVENTQ2 2026 earnings (expected) estimated date
2026-05-22 00:00 UTCINSIDER11 insider transactions — 2026-05
2026-05-22 00:00 UTCINSIDER11 insider transactions — 2026-05
2026-05-22INSIDERJones Joseph D transacted 715 sh — Director
2026-05-22INSIDERMacDonald Richard D transacted 715 sh — Director
2026-05-22INSIDERWilliams Shoran R transacted 715 sh — Director
2026-05-22INSIDERSparks Amy L transacted 906 sh — Director
2026-05-22INSIDERSchweihofer Steven transacted 715 sh — Director
2026-05-22INSIDERDavenport Michael S. transacted 753 sh — Director
2026-05-22INSIDEREldridge Michelle Larabee transacted 830 sh — Director
2026-05-22INSIDERSchmidt Sara A transacted 715 sh — Director
2026-05-22INSIDERPRICE MICHAEL H transacted 1.1k sh — Director
2026-05-22INSIDERRAMAKER DAVID B transacted 801 sh — Director
2026-05-22INSIDERSanchez Nelson F transacted 715 sh — Director
2026-02-17 00:00 UTCINSIDER16 insider transactions — 2026-02 · net sell $383k
2026-02-17 00:00 UTCINSIDER16 insider transactions — 2026-02 · net sell $383k
2026-02-17INSIDERCHRISTMAS CHARLES E transacted 3.0k sh — EVP & CFO ~$164k
2026-02-17INSIDERReitsma Raymond E. transacted 4.0k sh — Director, President and CEO ~$219k
2026-02-15INSIDERCHRISTMAS CHARLES E transacted 1.3k sh — EVP & CFO
2026-02-15INSIDERReitsma Raymond E. transacted 1.8k sh — Director, President and CEO
2026-02-05INSIDERReitsma Raymond E. transacted 3.8k sh — Director, President and CEO
2026-02-05INSIDERAugustyn Mark S transacted 1.4k sh — EVP&Chief Comm Banking Officer
2026-02-05INSIDERHoover Brett transacted 1.9k sh — EVP & CHIEF HR OFFICER
2026-02-05INSIDERHoover Brett transacted 944 sh — EVP & CHIEF HR OFFICER
2026-02-05INSIDERCHRISTMAS CHARLES E transacted 2.8k sh — EVP & CFO
2026-02-05INSIDERCHRISTMAS CHARLES E transacted 1.4k sh — EVP & CFO
2026-02-05INSIDERAugustyn Mark S transacted 2.9k sh — EVP&Chief Comm Banking Officer
2026-02-05INSIDERSetlock Scott P transacted 2.3k sh — EVP, COO, & SECRETARY
2026-02-05INSIDERSetlock Scott P transacted 1.1k sh — EVP, COO, & SECRETARY
2026-02-05INSIDERRandall Tara M transacted 910 sh — EVP & Chief Experience Officer
2026-01-06 00:00 UTCINSIDER1 insider transaction — 2026-01
Showing the 40 most recent of 48 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data
Premium coverage