Mercantile Bank Corp.

How big is Mercantile Bank Corp.?

As of Jun 18, Mercantile Bank Corp. has a market capitalization of 699.74 million, categorizing it as a Micro Cap company. As of Dec 24, it reported shareholder's funds of 584.53 million and total assets of 6,059.60 million.

As of Jun 18, Mercantile Bank Corp. has a market capitalization of 699.74 million, categorizing it as a Micro Cap company.<BR><BR>As of Jun 24, the company reported a sum of interest earned for the latest four quarters amounting to 325.12 million and a net profit of 77.58 million.<BR><BR>As of Dec 24, the balance sheet shows shareholder's funds of 584.53 million and total assets of 6,059.60 million.

What does Mercantile Bank Corp. do?

Mercantile Bank Corporation is a bank holding company that provides commercial and retail banking services, with a recent net profit of $20 million and a market cap of approximately $699.74 million. Key metrics include a P/E ratio of 9.00 and a return on equity of 12.75%.

Overview:<BR>Mercantile Bank Corporation is a bank holding company operating in the Regional Banks industry, focusing on providing commercial and retail banking services.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 80 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 20 Million (Quarterly Results - Mar 2025) <BR>Market cap: USD 699.74 Million (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 9.00 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.00 <BR>Return on Equity: 12.75% <BR>Price to Book: 1.15<BR><BR>Contact Details:<BR>Address: 310 Leonard St NW, GRAND RAPIDS MI: 49504-4224 <BR>Tel: 1 616 4063000, 1 616 7261202 <BR>Fax: 1 616 4063737 <BR>Website: http://ir.mercbank.com/CorporateProfile

Should I buy, sell or hold Mercantile Bank Corp.?

Who are in the management team of Mercantile Bank Corp.?

As of March 2022, the management team of Mercantile Bank Corp. includes Chairman Michael Price, President and CEO Robert Kaminski, and several Independent Directors: David Cassard, Edward Clark, Michael Davenport, Michelle Eldridge, and Jeff Gardner.

As of March 2022, the management team of Mercantile Bank Corp. includes the following individuals:<BR><BR>- Mr. Michael Price, who serves as the Chairman of the Board of the Mercantile and Bank.<BR>- Mr. Robert Kaminski, who is the President, Chief Executive Officer, Director of the Company, and Chief Executive Officer of the Bank.<BR>- Mr. David Cassard, who is an Independent Director.<BR>- Mr. Edward Clark, who is also an Independent Director.<BR>- Mr. Michael Davenport, who holds the position of Independent Director.<BR>- Ms. Michelle Eldridge, who is an Independent Director.<BR>- Mr. Jeff Gardner, who serves as an Independent Director.<BR><BR>In summary, the management team consists of the Chairman, the President and CEO, and several Independent Directors.

Is Mercantile Bank Corp. overvalued or undervalued?

As of June 30, 2025, Mercantile Bank Corp. is fairly valued with a P/E ratio of 9 and has shown strong long-term performance, returning 145.25% over the past five years, despite underperforming the S&P 500 in the last year with a return of 6.67%.

As of 30 June 2025, the valuation grade for Mercantile Bank Corp. moved from expensive to fair, indicating a more favorable assessment of its stock price. The company appears to be fairly valued, with a P/E ratio of 9, a Price to Book Value of 1.19, and an EV to EBITDA of 10.74. In comparison to peers, Premier Financial Corp. has a P/E of 14.14, while Capital City Bank Group, Inc. boasts a more attractive P/E of 12.81, suggesting that Mercantile Bank Corp. is positioned competitively within its industry.<BR><BR>Despite a fair valuation, Mercantile Bank Corp. has underperformed against the S&P 500 over the past year, returning 6.67% compared to the index's 17.14%. However, it has shown strong performance over the last five years with a return of 145.25%, significantly outpacing the S&P 500's 96.61%. This long-term performance may indicate potential for future growth, aligning with its current fair valuation status.

Is Mercantile Bank Corp. technically bullish or bearish?

As of October 24, 2025, Mercantile Bank Corp. shows a neutral trend with mixed signals: bearish MACD, bullish Bollinger Bands, and mildly bullish daily moving averages, while KST and OBV indicate mild bearishness on weekly and monthly time frames.

As of 24 October 2025, the technical trend for Mercantile Bank Corp. has changed from mildly bearish to sideways. The current stance is neutral, with mixed signals across various indicators. The MACD is bearish on a weekly basis and mildly bearish monthly, while the Bollinger Bands show a bullish monthly signal but mildly bearish weekly. Moving averages indicate a mildly bullish daily trend. The KST and OBV are both mildly bearish on weekly and monthly time frames. There is no return data available for comparison with the S&P 500.