Mercantile Bank Corporation
MBWMFinancial ServicesNASDAQBanks - Regional
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Daily timeframeHeadquartered within the financial services sector, Mercantile Bank Corporation focuses on Banks - Regional services and products. 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. At a $898.8M market cap, Mercantile Bank Corporation ranks as a small-cap company within financial services. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit.
Market Cap
$898.8M
Beta
0.83
P/E (TTM)
9.32
P/E (Fwd)
8.81
EPS (TTM)
$5.58
EPS (Fwd)
$5.91
ROE
13.7%
ROA
1.4%
Cash
$598.2M
Total Debt
$726.1M
Free CF
—
52W Change
17.8%
Annual Financials
Cash vs Debt
On the balance sheet, MBWM has $598.2M in cash with $726.1M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. 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 1.4% 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.
Investors considering Mercantile Bank Corporation should weigh the typical risks associated with MBWM's sector, size, and financial profile against their own risk tolerance and investment objectives. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MBWM.