Mercantile Bank Corporation
MBWMFinancial ServicesNASDAQBanks - Regional · Last scanned Oct 22, 2026
Scan Results
Daily timeframeMercantile 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. With a market capitalization of $1.01B, it sits in small-cap territory. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit.
Market Cap
$1.01B
Beta
0.84
P/E (TTM)
10.32
P/E (Fwd)
10.22
EPS (TTM)
$5.69
EPS (Fwd)
$5.75
ROE
13.7%
ROA
1.5%
Cash
$357.9M
Total Debt
$709.5M
Free CF
—
52W Change
29.7%
Annual Financials
Cash vs Debt
Where MBWM stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, MBWM finished 5.17% above its 150-day moving average ($55.55) and 7.53% above its 200-day moving average ($54.33). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is MBWM overbought or oversold?
At the October 20, 2026 close, MBWM's RSI(14) was 46.1, in neutral territory (between 30 and 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
Mercantile Bank Corporation carries $709.5M in total debt against $357.9M in cash reserves — debt is roughly 2.0x the cash position. Managing this leverage effectively will be important for long-term financial stability. Return on equity stands at 13.7%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $190.3M (2022) to $242.7M (2025), reflecting a 27% increase over the period.
As with any equity investment, MBWM carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. No single metric tells the full story. Reviewing MBWM's risk profile alongside its fundamentals and technical indicators provides a more complete picture.