Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
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The chart shows the growth of an initial investment of $10,000 in Mercantile Bank Corp, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Mercantile Bank Corp (MBWM) has returned 6.65% so far this year and 34.92% over the past 12 months. Looking at the last ten years, MBWM has achieved an annualized return of 8.84%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Mercantile Bank Corp (MBWM) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.73% | -0.62% | -1.39% | 1.44% | ||||||||
| 2025 | 8.54% | 2.18% | -9.74% | -1.76% | 4.37% | 4.79% | -0.87% | 9.25% | -7.45% | -1.84% | 4.95% | 4.18% |
| 2024 | -8.65% | 5.14% | -6.31% | 5.36% | 3.52% | 19.44% | -4.70% | -4.21% | -1.38% | 15.51% | -11.07% | |
| 2023 | 2.23% | 0.87% | -11.44% | -8.24% | -7.43% | 6.48% | 26.74% | -4.14% | -7.95% | 7.16% | 4.24% | 16.74% |
| 2022 | 9.57% | -3.56% | -3.67% | -12.12% | 4.89% | -3.01% | 10.85% | -6.76% | -9.48% | 15.77% | -0.34% | -3.46% |
| 2021 | -0.55% | 6.83% | 8.23% | 0.19% | -0.71% | -6.99% | 2.83% | -0.95% | 2.86% | 6.97% | -3.09% | 1.92% |
| 2020 | -10.19% | -12.50% | -26.08% | 17.30% | -0.17% | -2.59% | -5.67% | 1.63% | -17.26% | 20.77% | 11.50% | 7.69% |
| 2019 | 18.91% | 4.15% | -5.68% | 2.23% | -8.78% | 5.45% | 3.70% | -7.71% | 7.19% | 6.76% | -0.31% | 3.05% |
| 2018 | -1.80% | -4.72% | -1.34% | 5.75% | 2.35% | 1.68% | -3.71% | -5.47% | -5.02% | 0.60% | -12.51% | |
| 2017 | -14.48% | 3.02% | 0.94% | -2.44% | -7.58% | 0.16% | 0.98% | -5.44% | 15.30% | 3.41% | 1.87% | -5.26% |
| 2016 | 8.11% | 0.53% | -2.69% | 6.02% | 5.97% | 0.37% | 3.26% | 19.05% | 14.38% |
The charts below present risk-adjusted performance metrics for Mercantile Bank Corp (MBWM) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of MBWM compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Mercantile Bank Corp volatility is 1.46%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 6.84B | 5.35B | 4.87B | 5.26B | 4.44B | 3.63B | 3.36B | 3.29B | 3.08B | 2.90B | 2.89B | 1.43B | 1.42B | 1.43B |
| Equity Attributable To Parent (USD) | 724.88M | 522.15M | 441.41M | 456.56M | 441.55M | 416.56M | 375.25M | 365.87M | 340.81M | 333.80M | 328.14M | 153.33M | 146.59M | 165.00M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | 724.88M | 522.15M | 441.41M | 456.56M | 441.55M | 416.56M | 375.25M | 365.87M | 340.81M | 333.80M | 328.14M | 153.33M | 146.59M | 165.00M |
| Noncurrent Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Liabilities (USD) | 6.11B | 4.83B | 4.43B | 4.80B | 4.00B | 3.22B | 2.99B | 2.92B | 2.74B | 2.57B | 2.57B | 1.27B | 1.28B | 1.27B |
| Liabilities (USD) | 6.11B | 4.83B | 4.43B | 4.80B | 4.00B | 3.22B | 2.99B | 2.92B | 2.74B | 2.57B | 2.57B | 1.27B | 1.28B | 1.27B |
| Fixed Assets (USD) | 62.47M | 50.93M | 51.48M | 57.30M | 58.96M | 57.33M | 48.32M | 46.03M | 45.46M | 46.86M | 48.81M | 24.90M | 25.92M | 26.80M |
| Noncurrent Assets (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Assets (USD) | 6.84B | 5.35B | 4.87B | 5.26B | 4.44B | 3.63B | 3.36B | 3.29B | 3.08B | 2.90B | 2.89B | 1.43B | 1.42B | 1.43B |
| Assets (USD) | 6.84B | 5.35B | 4.87B | 5.26B | 4.44B | 3.63B | 3.36B | 3.29B | 3.08B | 2.90B | 2.89B | 1.43B | 1.42B | 1.43B |
Mercantile Bank Corporation (NASDAQ: MBWM) announced a regular quarterly cash dividend of $0.39 per common share, payable March 18, 2026, representing a 2.6% increase from Q4 2025 and 5.4% increase from Q1 2025. The dividend yields approximately 3.1% annually. The bank's leadership cited strong balance sheet structure, solid earnings performance, and asset quality metrics as supporting continued dividend growth.
Mercantile Bank Corporation and Eastern Michigan Financial Corporation have received all required regulatory approvals for their proposed merger, with the transaction expected to be completed on December 31, 2025. The merger will create a larger banking entity in Michigan, with plans to consolidate operations in early 2027.
Law firm Monteverde & Associates is investigating the proposed merger between Eastern Michigan Financial Corporation and Mercantile Bank Corporation, where shareholders will receive $32.32 in cash and 0.7116 shares of Mercantile common stock.
Mercantile Bank Corporation will acquire Eastern Michigan Financial Corporation in a $95.8 million cash and stock transaction, expanding its presence in Michigan and strengthening its market position with enhanced assets, deposits, and branch network.
Mercantile Bank Corporation announced that its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025. The dividend is 5.7% higher than the previous year.
The Federal Home Loan Bank of Indianapolis announced a record $17.7 million in Affordable Housing Program grants to 23 projects in Michigan, resulting in 1,017 affordable housing units. This is a significant increase from the previous record of $6.6 million in 2023.
Mercantile Bank Corp director Robert B. Kaminski sold 5,000 shares of the company's stock, resulting in proceeds exceeding $240,000. The transactions were part of regular financial disclosures, and do not necessarily signal a change in the company's fundamentals.
U.S. regional banks are experiencing significant gains as expectations for rate cuts drive an investor shift from large-cap to small-cap stocks. The recent rally has helped regional banks recoup losses from the March 2023 failures of Silicon Valley Bank and Signature Bank.
The Federal Home Loan Bank of Indianapolis has awarded over $100,000 in financial literacy scholarships to college-bound students and rising seniors in Indiana and Michigan through its Money Masters Scholarship Program, partnering with its members and local community groups.
Mercantile Bank Corp director Robert B. Kaminski sold 250 shares of the company's stock for $9,957 under a Rule 10b5-1 trading plan. Kaminski still owns a significant number of shares directly and indirectly. The sale was part of normal shareholder dealings and does not necessarily indicate a lack of confidence in the company.