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

Mercantile Bank (NASDAQ:MBWM) is projected to post its Q3 2026 results before the market opens on Tuesday, October 20th. Analysts expect Mercantile Bank to announce earnings of $1.35 per share and revenue of $70.84 million for the quarter. Individuals can find conference call details on the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Tuesday, October 20, 2026 at 10:00 AM ET.

Mercantile Bank (NASDAQ:MBWM) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.32 by $0.21. The company had revenue of $68.76 million during the quarter, compared to analysts’ expectations of $68.81 million. Mercantile Bank had a return on equity of 13.66% and a net margin of 24.75%. On average, analysts expect Mercantile Bank to post $5.71 EPS for the current fiscal year and $5.79 EPS for the next fiscal year.

Mercantile Bank Trading Up 0.5%

MBWM opened at $58.61 on Friday. The stock has a market capitalization of $1.01 billion, a PE ratio of 10.32 and a beta of 0.83. The firm’s fifty day moving average price is $59.92 and its 200 day moving average price is $56.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.93 and a quick ratio of 0.93. Mercantile Bank has a 12-month low of $42.88 and a 12-month high of $62.95.

Analysts Set New Price Targets

Several analysts have issued reports on MBWM shares. Piper Sandler set a $65.00 price objective on Mercantile Bank in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Mercantile Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, October 9th. Keefe, Bruyette & Woods increased their price objective on shares of Mercantile Bank from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Hovde Group lowered shares of Mercantile Bank from an “outperform” rating to a “market perform” rating and set a $62.00 price objective on the stock. in a research note on Wednesday, July 22nd. Finally, Raymond James Financial assumed coverage on shares of Mercantile Bank in a report on Tuesday, September 1st. They issued an “outperform” rating and a $65.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $62.00.

About Mercantile Bank

Mercantile Bank Corporation is a bank holding company headquartered in Grand Rapids, Michigan. Through its subsidiary, Mercantile Bank, the company provides commercial and retail banking services to businesses, professionals and individuals. The bank primarily serves communities across Michigan, with a focus on relationship-based banking and locally oriented financial services.

Mercantile Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts.