Mercantile Bank (MBWM) to Announce Quarterly Earnings on Tuesday

Mercantile Bank (NASDAQ:MBWM) will likely be announcing its Q2 2026 results before the market opens on Tuesday, July 21st. Analysts expect Mercantile Bank to announce earnings of $1.34 per share and revenue of $68.8070 million for the quarter. Individuals may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Tuesday, July 21, 2026 at 10:00 AM ET.

Mercantile Bank (NASDAQ:MBWM) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.13. Mercantile Bank had a return on equity of 13.73% and a net margin of 24.19%.The company had revenue of $67.59 million for the quarter, compared to the consensus estimate of $67.41 million. On average, analysts expect Mercantile Bank to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Mercantile Bank Stock Up 0.7%

MBWM opened at $57.42 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $991.64 million, a PE ratio of 10.31 and a beta of 0.80. The stock’s fifty day moving average is $53.90 and its 200-day moving average is $52.23. Mercantile Bank has a one year low of $42.75 and a one year high of $59.71.

Mercantile Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, June 5th. Mercantile Bank’s payout ratio is presently 28.01%.

Hedge Funds Weigh In On Mercantile Bank

A number of hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp acquired a new position in shares of Mercantile Bank in the 4th quarter valued at $307,000. Prudential Financial Inc. purchased a new stake in Mercantile Bank during the second quarter valued at about $296,000. BNP Paribas Financial Markets lifted its stake in Mercantile Bank by 43.4% during the third quarter. BNP Paribas Financial Markets now owns 6,407 shares of the financial services provider’s stock valued at $288,000 after buying an additional 1,938 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Mercantile Bank by 35.5% in the second quarter. Sei Investments Co. now owns 6,107 shares of the financial services provider’s stock worth $283,000 after buying an additional 1,600 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Mercantile Bank by 8.6% in the second quarter. The Manufacturers Life Insurance Company now owns 6,023 shares of the financial services provider’s stock worth $280,000 after buying an additional 475 shares during the period. 58.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Mercantile Bank in a research report on Friday, June 12th. Wall Street Zen upgraded shares of Mercantile Bank to a “hold” rating in a research report on Saturday, March 28th. Piper Sandler lifted their price objective on shares of Mercantile Bank from $57.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Stephens initiated coverage on shares of Mercantile Bank in a report on Wednesday, March 25th. They issued an “equal weight” rating and a $54.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.80.

Mercantile Bank Company Profile

Mercantile Bank Corporation (NASDAQ: MBWM) is the bank holding company for Mercantile Bank of Michigan, a full-service commercial bank headquartered in Grand Rapids, Michigan. Through its state-chartered subsidiary, the company provides a broad range of financial products and services to small and mid-sized businesses, professionals and consumers across West and Central Michigan.

The bank’s core offerings include deposit products such as checking, savings and money market accounts, alongside commercial and consumer loan portfolios.