Mercantile Bank (MBWM) to Release Earnings on Tuesday

Key Points

• Mercantile Bank is set to release its Q3 2025 earnings on October 21st, with analysts predicting earnings of $1.38 per share and revenues of $61.3320 million.
• The company has recently increased its quarterly dividend to $0.38, reflecting a yield of 3.4%, up from the previous quarterly dividend of $0.37.
• Institutional investors collectively own 58.63% of Mercantile Bank's stock, with several firms increasing their stakes in the bank recently.

Mercantile Bank (NASDAQ:MBWM - Get Free Report) 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. Mercantile Bank had a return on equity of 13.52% and a net margin of 22.11%.The firm had revenue of $60.90 million during 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 Stock Up 2.1%

Shares of MBWM opened at $45.08 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.98 and a current ratio of 0.98. Mercantile Bank has a one year low of $37.76 and a one year high of $52.98. The stock has a market capitalization of $732.55 million, a price-to-earnings ratio of 8.94 and a beta of 0.87. The stock has a 50 day moving average price of $46.84 and a 200 day moving average price of $45.33.

Mercantile Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Friday, September 5th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, September 5th. This is an increase from Mercantile Bank's previous quarterly dividend of $0.37. Mercantile Bank's dividend payout ratio (DPR) is currently 30.16%.

Hedge Funds Weigh In On Mercantile Bank

Large investors have recently modified their holdings of the business. Jane Street Group LLC lifted its stake in shares of Mercantile Bank by 21.0% in the 1st quarter. Jane Street Group LLC now owns 15,952 shares of the financial services provider's stock valued at $693,000 after purchasing an additional 2,772 shares during the last quarter. Man Group plc lifted its stake in Mercantile Bank by 20.0% during the 2nd quarter. Man Group plc now owns 12,005 shares of the financial services provider's stock worth $557,000 after acquiring an additional 1,998 shares in the last quarter. Engineers Gate Manager LP lifted its stake in Mercantile Bank by 3.2% during the 2nd quarter. Engineers Gate Manager LP now owns 11,579 shares of the financial services provider's stock worth $537,000 after acquiring an additional 357 shares in the last quarter. First Trust Advisors LP lifted its stake in Mercantile Bank by 7.0% during the 2nd quarter. First Trust Advisors LP now owns 10,438 shares of the financial services provider's stock worth $484,000 after acquiring an additional 679 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Mercantile Bank by 75.8% during the 2nd quarter. Quantinno Capital Management LP now owns 9,585 shares of the financial services provider's stock worth $445,000 after acquiring an additional 4,133 shares in the last quarter. Institutional investors and hedge funds own 58.63% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on MBWM. Piper Sandler upped their target price on Mercantile Bank from $47.50 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Raymond James Financial upgraded Mercantile Bank from a "market perform" rating to an "outperform" rating and set a $55.00 target price for the company in a report on Thursday, July 24th. Weiss Ratings restated a "buy (b)" rating on shares of Mercantile Bank in a report on Saturday, September 27th. Zacks Research cut Mercantile Bank from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Finally, Keefe, Bruyette & Woods upped their target price on Mercantile Bank from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Mercantile Bank has an average rating of "Moderate Buy" and a consensus target price of $55.25.

Mercantile Bank Company Profile

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.

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