Mercantile Bank (MBWM) Expected to Announce Quarterly Earnings on Tuesday
by Doug Wharley · The Cerbat GemMercantile Bank (NASDAQ:MBWM – Get Free Report) is expected to release its Q1 2026 results before the market opens on Tuesday, April 21st. Analysts expect Mercantile Bank to post earnings of $1.29 per share and revenue of $67.4060 million for the quarter. Parties may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Tuesday, April 21, 2026 at 10:00 AM ET.
Mercantile Bank (NASDAQ:MBWM – Get Free Report) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. Mercantile Bank had a return on equity of 13.54% and a net margin of 23.87%.The firm had revenue of $62.07 million for the quarter, compared to the consensus estimate of $62.25 million. On average, analysts expect Mercantile Bank to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Mercantile Bank Price Performance
Shares of NASDAQ MBWM opened at $53.68 on Monday. The stock has a market cap of $927.05 million, a PE ratio of 9.83 and a beta of 0.85. Mercantile Bank has a fifty-two week low of $39.23 and a fifty-two week high of $55.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a fifty day moving average of $51.90 and a 200-day moving average of $49.10.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. MML Investors Services LLC raised its stake in Mercantile Bank by 4.2% in the fourth quarter. MML Investors Services LLC now owns 4,658 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Mercantile Bank by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,548 shares of the financial services provider’s stock worth $1,133,000 after buying an additional 208 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Mercantile Bank by 2.4% in the 4th quarter. Natixis Advisors LLC now owns 10,329 shares of the financial services provider’s stock worth $497,000 after buying an additional 246 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Mercantile Bank by 3.8% during the 4th quarter. Russell Investments Group Ltd. now owns 8,149 shares of the financial services provider’s stock valued at $392,000 after buying an additional 300 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Mercantile Bank by 1.4% during the 2nd quarter. Cerity Partners LLC now owns 21,779 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 308 shares during the last quarter. 58.63% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
MBWM has been the subject of several analyst reports. Stephens started coverage on Mercantile Bank in a research note on Wednesday, March 25th. They issued an “equal weight” rating and a $54.00 target price for the company. Raymond James Financial set a $57.00 price target on shares of Mercantile Bank in a report on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price objective on shares of Mercantile Bank from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Mercantile Bank in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Mercantile Bank to a “hold” rating in a research note on Saturday, March 28th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Mercantile Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.20.
Read Our Latest Analysis on MBWM
About Mercantile Bank
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.