Mercantile Bank Corporation MBWM · Stock Open Mercantile Bank Corporation in new tab
Mercantile Bank Corporation Analysis (MBWM)
Is Mercantile Bank Corporation a good investment? Mercantile Bank Corporation (MBWM) is currently trading at 60.03 USD. Market analysts have a consensus price target of 63.17 USD. This suggests a potential upside from current levels.
In terms of valuation, the stock trades at a P/E ratio of 10.61. This relatively low multiple may signal that Mercantile Bank Corporation is undervalued compared to historical market norms.
Earnings Schedule: Mercantile Bank Corporation is expected to release its next earnings report on Oct. 20, 2026. The market consensus estimate for Forward EPS is 5.75.
For income investors, Mercantile Bank Corporation pays a dividend yield of 2.60%. With a payout ratio of 27%, the dividend appears sustainable.
Investor FAQ
Does Mercantile Bank Corporation pay a dividend?
Yes, it pays an annual dividend of 1.56 USD (2.60% yield).
What asset class is Mercantile Bank Corporation?
Mercantile Bank Corporation is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.
When is the next earnings date?
The next earnings date is projected to be Oct. 20, 2026. The company currently has a trailing EPS of 5.69.
Company Profile
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It 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; 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, the company offers courier services and safe deposit boxes; 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. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
| Year | Total Dividends |
|---|---|
| ▸2027 |
0.82 USD
|
| June 16, 2027 (estimated) | 0.4124 |
| March 17, 2027 (estimated) | 0.4124 |
| ▸2026 |
1.58 USD
|
| Dec. 16, 2026 (estimated) | 0.4046 |
| Sept. 16, 2026 | 0.4000 |
| June 17, 2026 | 0.3900 |
| March 18, 2026 | 0.3900 |
| ▸2025 |
1.50 USD
|
| Dec. 17, 2025 | 0.3800 |
| Sept. 17, 2025 | 0.3800 |
| June 18, 2025 | 0.3700 |
| March 19, 2025 | 0.3700 |
| ▸2024 |
1.42 USD
|
| Dec. 18, 2024 | 0.3600 |
| Sept. 18, 2024 | 0.3600 |
| June 19, 2024 | 0.3500 |
| March 13, 2024 | 0.3500 |
| ▸2023 |
1.34 USD
|
| Dec. 13, 2023 | 0.3400 |
| Sept. 13, 2023 | 0.3400 |
| June 14, 2023 | 0.3300 |
| March 15, 2023 | 0.3300 |
| ▸2022 |
1.26 USD
|
| Dec. 14, 2022 | 0.3200 |
| Sept. 14, 2022 | 0.3200 |
| June 15, 2022 | 0.3100 |
| March 16, 2022 | 0.3100 |
| ▸2021 |
1.18 USD
|
| Dec. 15, 2021 | 0.3000 |
| Sept. 15, 2021 | 0.3000 |
| June 16, 2021 | 0.2900 |
| March 17, 2021 | 0.2900 |
| ▸2020 |
1.12 USD
|
| Dec. 16, 2020 | 0.2800 |
| Sept. 16, 2020 | 0.2800 |
| June 17, 2020 | 0.2800 |
| March 18, 2020 | 0.2800 |
| ▸2019 |
1.06 USD
|
| Dec. 18, 2019 | 0.2700 |
| Sept. 18, 2019 | 0.2700 |
| June 19, 2019 | 0.2600 |
| March 20, 2019 | 0.2600 |
| ▸2018 |
1.68 USD
|
| Dec. 19, 2018 | 1.0000 |
| Sept. 19, 2018 | 0.2400 |
| June 20, 2018 | 0.2200 |
| March 21, 2018 | 0.2200 |
| ▸2017 |
0.74 USD
|
| Dec. 20, 2017 | 0.1900 |
| Sept. 20, 2017 | 0.1900 |
| June 21, 2017 | 0.1800 |
| March 22, 2017 | 0.1800 |
| ▸2016 |
1.16 USD
|
| Dec. 21, 2016 | 0.6700 |
| Sept. 21, 2016 | 0.1700 |
| June 23, 2016 | 0.1600 |
| March 23, 2016 | 0.1600 |
| ▸2015 |
0.58 USD
|
| Dec. 23, 2015 | 0.1500 |
| Sept. 23, 2015 | 0.1500 |
| June 24, 2015 | 0.1400 |
| March 25, 2015 | 0.1400 |
| ▸2014 |
2.54 USD
|
| Dec. 24, 2014 | 0.1200 |
| Sept. 24, 2014 | 0.1200 |
| June 25, 2014 | 0.1200 |
| May 29, 2014 | 2.0000 |
| March 27, 2014 | 0.0600 |
| March 10, 2014 | 0.1200 |
| ▸2013 |
0.69 USD
|
| Dec. 26, 2013 | 0.0600 |
| Dec. 10, 2013 | 0.1200 |
| Sept. 26, 2013 | 0.0600 |
| Sept. 10, 2013 | 0.1200 |
| June 27, 2013 | 0.0600 |
| June 10, 2013 | 0.1100 |
| March 28, 2013 | 0.0600 |
| March 8, 2013 | 0.1000 |
| ▸2012 |
0.38 USD
|
| Dec. 31, 2012 | 0.2000 |
| Dec. 13, 2012 | 0.0100 |
| Dec. 10, 2012 | 0.0900 |
| Sept. 13, 2012 | 0.0100 |
| June 14, 2012 | 0.0100 |
| March 15, 2012 | 0.0600 |
| ▸2011 |
0.04 USD
|
| Dec. 15, 2011 | 0.0100 |
| Sept. 15, 2011 | 0.0100 |
| June 16, 2011 | 0.0100 |
| March 17, 2011 | 0.0100 |
| ▸2010 |
0.09 USD
|
| Dec. 16, 2010 | 0.0100 |
| Sept. 16, 2010 | 0.0100 |
| June 17, 2010 | 0.0100 |
| March 11, 2010 | 0.0500 |
| March 10, 2010 | 0.0100 |
| ▸2009 |
0.47 USD
|
| Dec. 17, 2009 | 0.1000 |
| Dec. 10, 2009 | 0.0100 |
| Sept. 17, 2009 | 0.1000 |
| Sept. 10, 2009 | 0.0100 |
| June 11, 2009 | 0.1000 |
| June 10, 2009 | 0.0100 |
| March 19, 2009 | 0.1000 |
| March 10, 2009 | 0.0400 |
| ▸2008 |
1.21 USD
|
| Dec. 11, 2008 | 0.2250 |
| Dec. 10, 2008 | 0.0400 |
| Sept. 11, 2008 | 0.2250 |
| Sept. 10, 2008 | 0.0400 |
| June 12, 2008 | 0.2250 |
| June 10, 2008 | 0.0800 |
| March 13, 2008 | 0.2250 |
| March 10, 2008 | 0.1500 |
| ▸2007 |
1.45 USD
|
| Dec. 10, 2007 | 0.1400 |
| Dec. 6, 2007 | 0.2250 |
| Sept. 13, 2007 | 0.2250 |
| Sept. 10, 2007 | 0.1400 |
| June 14, 2007 | 0.2250 |
| June 8, 2007 | 0.1333 |
| March 15, 2007 | 0.2250 |
| March 9, 2007 | 0.1400 |
| ▸2006 |
1.40 USD
|
| Dec. 8, 2006 | 0.1300 |
| Dec. 7, 2006 | 0.2250 |
| Sept. 14, 2006 | 0.2250 |
| Sept. 8, 2006 | 0.1300 |
| June 15, 2006 | 0.2250 |
| June 9, 2006 | 0.1300 |
| March 16, 2006 | 0.2200 |
| March 10, 2006 | 0.1200 |
| ▸2005 |
1.29 USD
|
| Dec. 9, 2005 | 0.1100 |
| Dec. 8, 2005 | 0.2200 |
| Sept. 15, 2005 | 0.2200 |
| Sept. 9, 2005 | 0.1048 |
| June 16, 2005 | 0.2200 |
| June 10, 2005 | 0.1100 |
| March 17, 2005 | 0.2100 |
| March 10, 2005 | 0.1000 |
| ▸2004 |
1.19 USD
|
| Dec. 10, 2004 | 0.0900 |
| Dec. 9, 2004 | 0.2100 |
| Sept. 16, 2004 | 0.2100 |
| Sept. 10, 2004 | 0.0900 |
| June 17, 2004 | 0.2100 |
| June 10, 2004 | 0.0900 |
| March 12, 2004 | 0.2000 |
| March 10, 2004 | 0.0900 |
| ▸2003 |
1.19 USD
|
| Dec. 11, 2003 | 0.2000 |
| Dec. 10, 2003 | 0.0800 |
| Sept. 12, 2003 | 0.2000 |
| Sept. 10, 2003 | 0.0800 |
| June 13, 2003 | 0.2000 |
| June 10, 2003 | 0.0800 |
| March 14, 2003 | 0.1900 |
| March 10, 2003 | 0.0800 |
| Jan. 15, 2003 | 0.0840 |
| ▸2002 |
0.75 USD
|
| Dec. 12, 2002 | 0.1900 |
| Sept. 13, 2002 | 0.1900 |
| June 14, 2002 | 0.1900 |
| March 15, 2002 | 0.1800 |
| ▸2001 |
0.71 USD
|
| Dec. 13, 2001 | 0.1800 |
| Sept. 14, 2001 | 0.1800 |
| June 15, 2001 | 0.1800 |
| March 15, 2001 | 0.1700 |
| ▸2000 |
0.68 USD
|
| Dec. 12, 2000 | 0.1700 |
| Sept. 15, 2000 | 0.1700 |
| June 15, 2000 | 0.1700 |
| March 15, 2000 | 0.1700 |
| ▸1999 |
0.64 USD
|
| Dec. 15, 1999 | 0.1600 |
| Sept. 15, 1999 | 0.1600 |
| June 15, 1999 | 0.1600 |
| March 15, 1999 | 0.1600 |
| ▸1998 |
0.72 USD
|
| Dec. 15, 1998 | 0.1450 |
| Sept. 15, 1998 | 0.1450 |
| June 15, 1998 | 0.1450 |
| March 16, 1998 | 0.2900 |
| ▸1997 |
1.00 USD
|
| Dec. 12, 1997 | 0.2600 |
| Sept. 16, 1997 | 0.2600 |
| June 13, 1997 | 0.2600 |
| March 14, 1997 | 0.2200 |
| ▸1996 |
0.84 USD
|
| Nov. 29, 1996 | 0.2200 |
| Sept. 13, 1996 | 0.2200 |
| June 14, 1996 | 0.2200 |
| March 15, 1996 | 0.1800 |
| ▸1995 |
0.69 USD
|
| Dec. 11, 1995 | 0.1800 |
| Sept. 15, 1995 | 0.1800 |
| June 15, 1995 | 0.1800 |
| March 15, 1995 | 0.1500 |
| ▸1994 |
0.60 USD
|
| Dec. 12, 1994 | 0.1500 |
| Sept. 15, 1994 | 0.1500 |
| June 15, 1994 | 0.1500 |
| March 18, 1994 | 0.1500 |
| ▸1993 |
0.15 USD
|
| Dec. 10, 1993 | 0.1500 |
| Name | Payment Date | Status | Amount |
|---|---|---|---|
| Mercantile Bank Corporation | Sep 16, 2026 | Paid | 0.4 USD |
| Mercantile Bank Corporation | Jun 17, 2026 | Paid | 0.39 USD |
| Mercantile Bank Corporation | Mar 18, 2026 | Paid | 0.39 USD |
| Mercantile Bank Corporation | Dec 17, 2025 | Paid | 0.38 USD |
| Split Date | Split Ratio to 1 |
|---|---|
| Jan. 17, 2001 | 1.05 |
| Jan. 16, 2002 | 1.05 |
| Jan. 15, 2003 | 1.05 |
| April 14, 2004 | 1.05 |
| July 14, 2005 | 1.05 |
| April 20, 2006 | 1.05 |
| April 19, 2007 | 1.05 |
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