Mercantile Bank (MBWM) Expected to Post Quarterly Earnings on Tuesday

Mercantile Bank (NASDAQ:MBWM) is projected to issue 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 review the information on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Tuesday, July 21, 2026 at 10:00 AM ET.

Mercantile Bank (NASDAQ:MBWM) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.33 by $0.13. Mercantile Bank had a net margin of 24.19% and a return on equity of 13.73%. The firm 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 Performance

Shares of MBWM opened at $57.80 on Monday. The firm has a market cap of $998.21 million, a P/E ratio of 10.38 and a beta of 0.80. Mercantile Bank has a twelve month low of $42.75 and a twelve month high of $59.95. 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 firm’s 50 day moving average price is $54.36 and its two-hundred day moving average price is $52.49.

Analyst Ratings Changes

MBWM has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Mercantile Bank in a report on Friday, June 12th. Piper Sandler upped their target price 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. Wall Street Zen upgraded Mercantile Bank to a “hold” rating in a report on Saturday, March 28th. Finally, Stephens assumed coverage on Mercantile Bank in a report on Wednesday, March 25th. They set an “equal weight” rating and a $54.00 target price for the company. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.80.

Hedge Funds Weigh In On Mercantile Bank

A number of large investors have recently bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in shares of Mercantile Bank during the 4th quarter worth approximately $267,000. Mackenzie Financial Corp acquired a new stake in shares of Mercantile Bank in the fourth quarter valued at approximately $307,000. Empowered Funds LLC lifted its position in shares of Mercantile Bank by 12.2% in the fourth quarter. Empowered Funds LLC now owns 73,878 shares of the financial services provider’s stock worth $3,554,000 after purchasing an additional 8,014 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Mercantile Bank in the fourth quarter worth $14,181,000. Finally, Bridgeway Capital Management LLC boosted its holdings in Mercantile Bank by 6.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 120,133 shares of the financial services provider’s stock worth $5,778,000 after purchasing an additional 6,969 shares during the last quarter. Institutional investors and hedge funds own 58.63% of the company’s stock.

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.