Mercantile Bank Corporation
MBWMFinancial ServicesNASDAQBanks - Regional · Last scanned Sep 7, 2026
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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 $1.07B, 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
$1.07B
Beta
0.81
P/E (TTM)
10.92
P/E (Fwd)
10.80
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
28.0%
Annual Financials
Cash vs Debt
Where MBWM stands vs its 150-day and 200-day moving averages
As of the August 17, 2026 close, MBWM finished 15.45% above its 150-day moving average ($53.32) and 19.58% above its 200-day moving average ($51.48). 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 August 17, 2026 close, MBWM's RSI(14) was 70.7, in overbought territory (above 70). The MACD histogram was negative, so short-term momentum leaned bearish 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. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MBWM.