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Q3 2026 earnings • released • EPS beat +5.45% • Revenue beat +3.34%
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MBWM:NASDAQ
Mercantile Bank Corp
$59.04
+1.06%
(+0.62) 1D
$59.04
0.00% (0.00)
After hours
Closed: Oct 20, 4:00:01 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for MBWM...
Open
$59.90
High
$60.96
Low
$58.61
Mkt. cap
1.02B
Avg. vol.
114.50K
Volume
201.15K
Dividend
2.71%
Quarterly dividend
$0.40
Ex-dividend date
Sep 4, 2026
P/E ratio
10.39
52-wk high
$62.95
52-wk low
$42.88
EPS
$5.68
Beta
0.83
Shares outstanding
17.29M
No. of employees
827
Open
$59.90
High
$60.96
Low
$58.61
Mkt. cap
1.02B
Avg. vol.
114.50K
Volume
201.15K
Dividend
2.71%
Quarterly dividend
$0.40
Ex-dividend date
Sep 4, 2026
P/E ratio
10.39
52-wk high
$62.95
52-wk low
$42.88
EPS
$5.68
Beta
0.83
Shares outstanding
17.29M
No. of employees
827
News stories
From web sources and news partners
About Mercantile Bank Corp
CEO-
Employees827
Founded1997
HeadquartersGrand Rapids, Michigan, United States
SectorBank
Websitemercbank.com
Analyst ratings
Based on 5 analysts giving stock ratings to MBWM in the past 3 months
Buy
Buy
2
Hold
3
Sell
0
12-month forecast
Based on 5 Wall Street analysts offering 12 month price targets for MBWM in the last 3 months.
Highest
Current $59.04
$65.00 (+10.09%)
Average
$63.20 (+7.05%)
Lowest
$60.00 (+1.63%)
Analyst
Recommendation
Action
Price target
Projected
Date
Nicholas Holowko
Raymond James
Buy
Initiated
$65.00
+10.1%
09/01/2026
Unknown Analyst
Raymond James
Buy
Initiated
$65.00
+10.1%
09/01/2026
Matthew Breese
Stephens
Hold
Maintained
$60.00
+1.6%
07/22/2026
Nathan Race
Piper Sandler
Hold
Maintained
$65.00
+10.1%
07/22/2026
Brendan Nosal
Hovde Group
Hold
Downgraded
$62.00
+5%
07/22/2026
Damon Delmonte
KBW
Buy
Reiterated
$64.00
+8.4%
07/22/2026
Last report
Oct 20, 2026
Fiscal period
Q3 2026
$1.42 / $1.35
+5.45%beat
Revenue / Est. (USD)
73.20M / 70.84M
+3.34%beat
Fiscal Q3 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
61.89M
62.07M
69.39M
70.56M
Cost of goods sold
-
-
-
-
Cost of revenue
-
-
-
-
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
28.01M
30.47M
31.49M
32.47M
Operating expense
33.84M
32.06M
40.94M
38.42M
Total operating expenses
33.84M
32.06M
40.94M
38.42M
Operating income
28.05M
30.01M
28.45M
32.14M
Other non operating income
-300.00K
-3.48M
-865.00K
-865.00K
EBT including unusual items
27.44M
26.04M
27.28M
31.18M
EBT excluding unusual items
27.75M
26.53M
27.58M
31.28M
Income tax expense
3.68M
3.20M
4.60M
5.25M
Effective tax rate
13.42%
12.31%
16.85%
16.85%
Other operating expenses
5.84M
1.59M
9.46M
5.94M
Net income
23.76M
22.84M
22.68M
25.93M
Net profit margin
38.39%
36.80%
32.69%
36.75%
Earnings per share
1.46
1.40
1.46
1.53
Interest and investment income
-
-
-
-
Interest expense
-
-
-
-
Net interest expenses
-
-
-
-
Depreciation and amortization charges
-
-
-
-
EBITDA
-
-
-
-
Gain or loss from assets sale
-3.51M
-3.35M
-2.98M
-3.16M
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
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