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About the company
Mercantile Bank Corporation is the bank holding company for Mercantile Bank and Eastern Michigan Bank. Mercantile Bank and Eastern Michigan Bank provide financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Eastern Michigan Bank operates over 12 branches across three counties, offering a full range of personal and business banking services. Eastern Michigan Bank’s personal services include personal checking, personal savings, youth and young adults, CDs and IRAs, online and mobile banking, 24-hour telephone banking, debit cards, personal credit cards, additional services, and Zelle. Eastern Michigan Bank’s loans include vehicle and personal loans, home equity loans and lines, student loans (opens in a new window), business loans, and agricultural loans. Eastern Michigan Bank’s business services include business checking, business savings, business credit cards, and others.
- Revenue in USD (TTM)330.19m
- Net income in USD88.75m
- Incorporated1997
- Employees770.00
- LocationMercantile Bank Corp310 Leonard St NWGRAND RAPIDS 49504United StatesUSA
- Phone+1 (616) 406-3000
- Fax+1 (616) 406-3737
- Websitehttps://ir.mercbank.com/
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Mergers & acquisitions
| Acquired company | MBWM:NSQ since announced | Transaction value |
|---|---|---|
| Eastern Michigan Financial Corp | 12.02% | 91.34m |
Data delayed at least 15 minutes, as of Feb 09 2026 21:00 GMT.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| First Community Bankshares Inc | 142.54m | 48.80m | 789.86m | 586.00 | 15.39 | 1.49 | 19.41 | 4.72 | 2.65 | 2.65 | 9.10 | 27.30 | -- | -- | -- | -- | 1.50 | 1.54 | -- | -- | -- | -- | 29.13 | 31.36 | -- | -- | -- | 41.39 | -2.47 | 4.56 | -5.45 | 6.31 | -- | 4.40 |
| Copper Property CTL Pass Through Trust | 98.01m | 61.24m | 816.00m | -- | 13.32 | 0.8545 | 10.35 | 8.33 | 0.8165 | 0.8165 | 1.31 | 12.73 | 0.0871 | -- | 2.85 | -- | 5.44 | -- | 5.65 | -- | 93.53 | -- | 62.48 | -- | -- | -- | 0.00 | -- | -1.18 | -- | 6.68 | -- | -- | -- |
| Farmers & Merchants Bancorp | 279.49m | 93.61m | 825.62m | 373.00 | 8.83 | -- | 11.45 | 3.40 | 134.02 | 134.02 | 347.60 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 38.55 | 38.05 | -- | -- | -- | -- | 2.76 | 11.90 | 5.82 | 9.77 | -- | 5.58 |
| Eagle Bancorp Inc | 604.95m | -128.05m | 826.40m | 451.00 | -- | 0.7238 | -- | 2.76 | -4.22 | -4.22 | 9.83 | 37.59 | -- | -- | -- | -- | -1.18 | 0.4295 | -- | -- | -- | -- | -42.80 | 14.81 | -- | -- | -- | 82.79 | -12.02 | 9.18 | -172.25 | -- | -- | -16.84 |
| Heritage Commerce Corp | 254.58m | 43.33m | 838.91m | 350.00 | 19.45 | 1.20 | 18.02 | 4.41 | 0.703 | 0.703 | 3.09 | 11.42 | -- | -- | -- | -- | 0.7755 | 1.00 | -- | -- | -- | -- | 22.78 | 29.52 | -- | -- | -- | 61.86 | 3.59 | 11.21 | -37.11 | 0.0331 | 51.57 | 1.61 |
| Central Pacific Financial Corp | 314.16m | 77.48m | 906.51m | 697.00 | 11.99 | 1.53 | 14.97 | 3.10 | 2.87 | 2.87 | 10.82 | 22.47 | -- | -- | -- | -- | 1.04 | 0.9289 | -- | -- | -- | -- | 26.47 | 26.07 | -- | -- | -- | 40.69 | 2.63 | 8.14 | 45.06 | 15.76 | -- | 3.45 |
| Mercantile Bank Corp | 330.19m | 88.75m | 938.26m | 770.00 | 9.99 | 1.29 | 13.34 | 3.87 | 5.47 | 5.47 | 14.94 | 42.19 | -- | -- | -- | -- | 1.38 | 1.36 | -- | -- | -- | -- | 36.58 | 34.63 | -- | -- | -- | 29.45 | 2.70 | 17.36 | 11.51 | 14.99 | -- | 6.02 |
| Amerant Bancorp Inc | 597.43m | 52.42m | 939.37m | 698.00 | 18.42 | 1.00 | 15.89 | 2.14 | 1.26 | 1.26 | 10.53 | 23.13 | -- | -- | -- | -- | 0.5327 | 0.5309 | -- | -- | -- | -- | 11.93 | 12.97 | -- | -- | -- | 22.90 | 0.3088 | 18.05 | 432.76 | -- | -- | -- |
| Metropolitan Bank Holding Corp | 515.28m | 71.10m | 965.48m | 291.00 | 14.39 | 1.30 | -- | 3.06 | 6.65 | 6.65 | 29.34 | 73.66 | -- | -- | -- | -- | 0.914 | 0.9841 | -- | -- | -- | -- | 22.56 | 26.19 | -- | -- | -- | -- | 10.01 | 29.21 | 6.62 | 12.69 | -- | -- |
| Business First Bancshares Inc | 465.01m | 82.46m | 968.81m | 849.00 | 10.64 | 1.06 | 10.91 | 2.98 | 2.78 | 2.78 | 10.96 | 30.39 | -- | -- | -- | -- | 1.09 | 1.05 | -- | -- | -- | -- | 27.06 | 26.09 | -- | -- | -- | 21.96 | 12.11 | 25.43 | 38.11 | 22.42 | -- | 7.71 |
| Esquire Financial Holdings Inc | 139.42m | 50.82m | 991.82m | 138.00 | 19.76 | 3.42 | 25.96 | 6.77 | 5.87 | 5.87 | 16.93 | 33.86 | -- | -- | -- | -- | 2.39 | 2.35 | -- | -- | -- | -- | 34.68 | 34.08 | -- | -- | -- | -- | 22.97 | 29.26 | 16.41 | 32.13 | -- | -- |
| Univest Financial Corp | 430.49m | 90.76m | 996.19m | 949.00 | 11.27 | 1.06 | 13.74 | 3.04 | 3.14 | 3.14 | 11.35 | 33.50 | -- | -- | -- | -- | 1.10 | 1.08 | -- | -- | -- | -- | 27.67 | 27.33 | -- | -- | -- | 29.96 | 4.40 | 16.12 | 19.53 | 14.14 | -- | 1.92 |
| FS Specialty Lending Fund | 203.11m | 88.10m | 1.00bn | 0.00 | 33.64 | 0.6674 | -- | 4.95 | 0.3933 | 0.3933 | 0.5632 | 19.82 | 0.1025 | -- | 9.90 | -- | 4.45 | -- | 4.54 | -- | 63.12 | -- | 43.38 | -- | -- | 4.40 | 0.209 | -- | 41.45 | -- | 178.43 | -- | -- | -- |
| NB Bancorp Inc | 336.73m | 50.30m | 1.01bn | 342.00 | 16.49 | 1.17 | 22.49 | 2.99 | 1.33 | 1.33 | 8.80 | 18.77 | 0.0554 | -- | 14.94 | -- | 0.8271 | -- | 5.44 | -- | -- | -- | 14.94 | -- | -- | 1.66 | 0.8757 | -- | 15.20 | -- | 19.35 | -- | -- | -- |
| Goldman Sachs BDC Inc | 383.31m | 133.09m | 1.07bn | -- | 8.19 | 0.7326 | -- | 2.78 | 1.14 | 1.14 | 3.29 | 12.75 | 0.1106 | -- | -- | -- | 3.84 | 4.13 | 3.93 | 4.23 | 53.81 | 63.20 | 34.72 | 38.62 | -- | 3.13 | 0.559 | 130.23 | -4.52 | 24.15 | -67.90 | 11.70 | -- | 0.00 |
Data as of Feb 09 2026. Currency figures normalised to Mercantile Bank Corp's reporting currency: US Dollar USD
36.39%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 30 Sep 2025 | 1.19m | 7.33% |
| Dimensional Fund Advisors LPas of 31 Dec 2025 | 1.03m | 6.35% |
| The Vanguard Group, Inc.as of 31 Dec 2025 | 943.13k | 5.80% |
| American Century Investment Management, Inc.as of 30 Sep 2025 | 494.37k | 3.04% |
| Renaissance Technologies LLCas of 30 Sep 2025 | 490.41k | 3.02% |
| SSgA Funds Management, Inc.as of 30 Sep 2025 | 470.72k | 2.90% |
| Geode Capital Management LLCas of 30 Sep 2025 | 412.20k | 2.54% |
| North Star Asset Management, Inc.as of 30 Sep 2025 | 355.34k | 2.19% |
| LSV Asset Managementas of 31 Dec 2025 | 295.09k | 1.82% |
| Tributary Capital Management LLCas of 31 Dec 2025 | 231.26k | 1.42% |
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Data from 30 Sep 2025 - 31 Dec 2025Source: FactSet Research Systems Inc.
