Mercantile Bank (MBWM) Expected to Announce Earnings on Tuesday

Mercantile Bank (NASDAQ:MBWM) is anticipated to release its Q3 2025 results before the market opens on Tuesday, October 21st. Analysts expect Mercantile Bank to post earnings of $1.38 per share and revenue of $61.3320 million for the quarter. Interested persons may review the information on the company’s upcoming Q3 2025 earningreport for the latest details on the call scheduled for Tuesday, October 21, 2025 at 10:00 AM ET.

Mercantile Bank (NASDAQ:MBWM) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.16. Mercantile Bank had a net margin of 22.11% and a return on equity of 13.52%. The firm had revenue of $60.90 million for the quarter, compared to analysts’ expectations of $60.02 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

Mercantile Bank stock opened at $43.60 on Monday. The company’s fifty day moving average price is $46.84 and its 200 day moving average price is $45.38. Mercantile Bank has a 1 year low of $37.76 and a 1 year high of $52.98. The stock has a market capitalization of $708.50 million, a P/E ratio of 8.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.98 and a current ratio of 0.98.

Analyst Ratings Changes

A number of research firms recently issued reports on MBWM. Raymond James Financial raised shares of Mercantile Bank from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research note on Thursday, July 24th. Keefe, Bruyette & Woods lifted their target price on shares of Mercantile Bank from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Zacks Research cut shares of Mercantile Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Mercantile Bank in a research note on Tuesday, October 14th. Finally, Piper Sandler lifted their target price on shares of Mercantile Bank from $47.50 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mercantile Bank currently has an average rating of “Moderate Buy” and a consensus price target of $55.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MBWM. Quantbot Technologies LP boosted its position in shares of Mercantile Bank by 251.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,370 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 3,128 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Mercantile Bank by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,023 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 475 shares during the last quarter. Sei Investments Co. boosted its position in shares of Mercantile Bank by 35.5% during the 2nd quarter. Sei Investments Co. now owns 6,107 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 1,600 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Mercantile Bank during the 2nd quarter valued at about $296,000. Finally, Federated Hermes Inc. boosted its position in shares of Mercantile Bank by 4.5% during the 2nd quarter. Federated Hermes Inc. now owns 7,178 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 309 shares during the last quarter. Institutional investors and hedge funds own 58.63% of the company’s stock.

About Mercantile Bank

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit.