What is MBWM's market cap?

$1.04B, based on the Nov 3 close of $60.36.

What is MBWM's P/E ratio?

10.9× trailing-twelve-month earnings of $95.52M.

Does Mercantile Bank pay a dividend?

Yes. The latest regular dividend was $0.4 per share (ex-date Sep 4), an annualised yield of 2.65%.

How much of MBWM is sold short?

561.5K shares, 3.4% of float, as of Oct 15, 2026.

What sector is MBWM in?

Financials, in the Banking & Credit industry.

NASDAQ · MBWMFinancialsBanking & Credit

Mercantile Bank Corp (MBWM)

$60.36−1.37%

Close Nov 3, 2026 · split-adjusted

Nov 3, 2026$60.36▲ 36.13% in range

Nov 3, 2025Low $43.74 · High $62.14Nov 3, 2026

What changed · written from our data

As of Nov 3, 2026

Mercantile Bank closed at $60.36 on Nov 3, down 1.37%, 2.9% below its 52-week closing high. Volume of 95.4K shares was 0.78× its 20-day average (below normal).

Split-adjusted performance: +2.1% over one month, +16.1% over six months, +37.7% over one year.

In the quarter ended Sep 30, 2026, revenue was $102.57M, up 6.8% from a year earlier, with a net margin of 23.5%.

Short interest was 561.5K shares at the Oct 15 settlement, down 10.4% from the prior report (3.4% of float, 5.1 days to cover).

Market cap$1.04B17.3M shares

Revenue · quarter$102.6M+6.8% YoY

Diluted EPS$1.39−4.8% YoY

P/E · TTM10.9×P/S 2.7×

Net margin23.5%Gross 71.4%

Dividend yield2.65%$0.4 last paid

52-week range43.74 – 62.14−2.9% from high

Volume95.4K0.78× 20-day avg

Volatility · 60d17.5%Annualised

Short % of float3.4%5.1 days to cover

Net cash$1.26BCash $1.73B

Next earnings—Not scheduled

Split-adjusted performance

1W −0.5%1M +2.1%3M −2.6%6M +16.1%YTD +25.5%1Y +37.7%3Y +88.3%5Y +72.2%

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Banking & Credit

Percentile among 437 companies (100 = best)

6-month momentum76

Revenue growth56

Net margin77

Value (low P/E)74

Size58

Industry medians: 6-month return +6.7%, revenue growth +5.4%, net margin 18.1%, P/E 12.3×.

Short interest

Details →

Shares short561.5K−10.4% vs prior

Days to cover5.1Settled Oct 15

% of float3.4%

Short vol. 10d63.3%of daily volume

Closest peers by size in Banking & Credit

Company	Price	Today	6M	Rev. growth	Net margin	P/E	Mkt cap
MBWMMercantile Bank	$60.36	−1.37%	+16.1%	+6.8%	23.5%	10.9	$1.04B
BFSTBusiness First Bancshares	$32.26	−1.41%	+17.5%	+8.0%	16.3%	11.9	$1.04B	Compare
MCBSMETROCITY BANKSHARES	$36.12	−1.58%	+12.4%	+27.4%	29.1%	13.0	$1.04B	Compare
SBSISouthside Bancshares	$34.77	−1.89%	+4.6%	+34.1%	23.2%	10.5	$1.04B	Compare
CFFNCapitol Federal Financial	$8.57	−0.58%	+10.2%	+6.5%	21.1%	12.8	$1.06B	Compare
EGBNEagle Bancorp	$33.58	−1.73%	+28.1%	−13.0%	5.0%	—	$1.02B	Compare
CCNECNB Financial Corp/PA	$35.97	−1.61%	+16.8%	+34.0%	21.2%	11.7	$1.07B	Compare
EQBKEquity Bancshares	$49.14	−1.62%	+6.7%	+40.0%	22.8%	28.3	$1.01B	Compare
HBNCHorizon Bancorp	$21.01	−0.94%	+13.8%	−1.8%	24.8%	—	$1.08B	Compare

News about Mercantile Bank

All news →

Mercantile Bank (MBWM) Upgraded to Buy: Here's WhyZacks Investment Research · Oct 26, 2026▲ Positive Mercantile Bank (MBWM) Q3 Earnings and Revenues Surpass EstimatesZacks Investment Research · Oct 20, 2026▲ Positive Earnings Preview: Mercantile Bank (MBWM) Q3 Earnings Expected to DeclineZacks Investment Research · Oct 13, 2026▼ Negative Why Mercantile Bank (MBWM) is a Top Dividend Stock for Your PortfolioZacks Investment Research · Oct 7, 2026▲ Positive

Quick answers

What does Mercantile Bank do?: Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions.
What is MBWM's market cap?: $1.04B, based on the Nov 3 close of $60.36.
What is MBWM's P/E ratio?: 10.9× trailing-twelve-month earnings of $95.52M.
Does Mercantile Bank pay a dividend?: Yes. The latest regular dividend was $0.4 per share (ex-date Sep 4), an annualised yield of 2.65%.
How much of MBWM is sold short?: 561.5K shares, 3.4% of float, as of Oct 15, 2026.
What sector is MBWM in?: Financials, in the Banking & Credit industry.

About Mercantile Bank

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.

HQ: Grand Rapids, MI786 employeesListed Oct 24, 1997mercbank.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology