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Mercantile Bank Corporation (MBWM) Stock Grade

MBWM · Financial Services

A
Grade updated: July 18, 2026
Computed by the GradeMyInvestments scoring model from revenue growth, profitability, balance-sheet strength, and analyst targets.
Market Cap
$782.3M
P/E Ratio
8.8
Revenue Growth (YoY)
+2.7%
Net Margin
23.9%
Return on Equity
12.2%
Dividend Yield
3.2%

About Mercantile Bank Corporation's fundamentals

Mercantile Bank Corporation is a regional bank with a market capitalization of $782.3 million that demonstrates solid profitability, with a net margin of 23.9% and return on equity of 12.2%. The company trades at a P/E ratio of 8.8 while generating modest revenue growth of 2.7% year-over-year and offering shareholders a 3.2% dividend yield. These metrics suggest a mature financial institution with established profitability and shareholder returns, though growth remains relatively limited.

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