Mercantile Bank (MBWM) Set to Post Earnings on Tuesday

Mercantile Bank (NASDAQ:MBWM) will likely be releasing its Q3 2026 results before the market opens on Tuesday, October 20th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $70.84 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Tuesday, October 20, 2026 at 10:00 AM ET.

Mercantile Bank (NASDAQ:MBWM) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. Mercantile Bank had a return on equity of 13.66% and a net margin of 24.75%. The company had revenue of $68.76 million for the quarter, compared to analyst estimates of $68.81 million. 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 Price Performance

Shares of NASDAQ MBWM opened at $58.61 on Monday. The stock has a market cap of $1.01 billion, a P/E ratio of 10.32 and a beta of 0.83. The firm’s 50-day simple moving average is $59.92 and its 200 day simple moving average is $56.44. Mercantile Bank has a fifty-two week low of $42.88 and a fifty-two week high of $62.95. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.59.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Piper Sandler set a $65.00 target price on shares of Mercantile Bank 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. Keefe, Bruyette & Woods raised their price objective on shares of Mercantile Bank from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Raymond James Financial initiated coverage on Mercantile Bank in a report on Tuesday, September 1st. They set an “outperform” rating and a $65.00 target price on the stock. Finally, Weiss Ratings upgraded Mercantile Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, October 9th. One equities 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.