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Mercantile Bank (MBWM) Competitors

Mercantile Bank logo
$60.03 -0.35 (-0.58%)
Closing price 09/18/2026 04:00 PM Eastern
Extended Trading
$60.01 -0.02 (-0.03%)
As of 09/18/2026 07:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

MBWM vs. BUSE, CTBI, FRME, IBCP, and PEBO

Should you buy Mercantile Bank stock or one of its competitors? Mercantile Bank's main competitors and comparable companies include First Busey (BUSE), Community Trust Bancorp (CTBI), First Merchants (FRME), Independent Bank (IBCP), and Peoples Bancorp (PEBO). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "regional banks" industry.

How does Mercantile Bank compare to First Busey?

First Busey (NASDAQ:BUSE) and Mercantile Bank (NASDAQ:MBWM) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, institutional ownership, earnings, risk, dividends, valuation, analyst recommendations and media sentiment.

First Busey has higher revenue and earnings than Mercantile Bank. Mercantile Bank is trading at a lower price-to-earnings ratio than First Busey, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Busey$1.04B2.40$135.26M$2.4212.53
Mercantile Bank$371.80M2.79$88.75M$5.6810.57

First Busey currently has a consensus price target of $32.00, suggesting a potential upside of 5.54%. Mercantile Bank has a consensus price target of $62.00, suggesting a potential upside of 3.28%. Given First Busey's stronger consensus rating and higher probable upside, analysts plainly believe First Busey is more favorable than Mercantile Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Busey
0 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57
Mercantile Bank
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43

Mercantile Bank has a net margin of 24.75% compared to First Busey's net margin of 21.00%. Mercantile Bank's return on equity of 13.66% beat First Busey's return on equity.

Company Net Margins Return on Equity Return on Assets
First Busey21.00% 10.48% 1.40%
Mercantile Bank 24.75%13.66%1.46%

56.5% of First Busey shares are owned by institutional investors. Comparatively, 58.6% of Mercantile Bank shares are owned by institutional investors. 3.8% of First Busey shares are owned by company insiders. Comparatively, 2.5% of Mercantile Bank shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

In the previous week, First Busey had 2 more articles in the media than Mercantile Bank. MarketBeat recorded 4 mentions for First Busey and 2 mentions for Mercantile Bank. Mercantile Bank's average media sentiment score of 0.51 beat First Busey's score of 0.50 indicating that Mercantile Bank is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Busey
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Mercantile Bank
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Busey has a beta of 0.71, suggesting that its share price is 29% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.8, suggesting that its share price is 20% less volatile than the broader market.

First Busey pays an annual dividend of $1.04 per share and has a dividend yield of 3.4%. Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.7%. First Busey pays out 43.0% of its earnings in the form of a dividend. Mercantile Bank pays out 28.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Busey has raised its dividend for 10 consecutive years and Mercantile Bank has raised its dividend for 14 consecutive years.

Summary

Mercantile Bank beats First Busey on 10 of the 19 factors compared between the two stocks.

How does Mercantile Bank compare to Community Trust Bancorp?

Community Trust Bancorp (NASDAQ:CTBI) and Mercantile Bank (NASDAQ:MBWM) are both small-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, media sentiment, earnings, institutional ownership, profitability, risk, dividends and analyst recommendations.

Community Trust Bancorp pays an annual dividend of $2.60 per share and has a dividend yield of 3.4%. Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.7%. Community Trust Bancorp pays out 43.6% of its earnings in the form of a dividend. Mercantile Bank pays out 28.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Community Trust Bancorp has raised its dividend for 44 consecutive years and Mercantile Bank has raised its dividend for 14 consecutive years. Community Trust Bancorp is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Community Trust Bancorp has a beta of 0.52, suggesting that its stock price is 48% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.8, suggesting that its stock price is 20% less volatile than the broader market.

60.2% of Community Trust Bancorp shares are owned by institutional investors. Comparatively, 58.6% of Mercantile Bank shares are owned by institutional investors. 2.6% of Community Trust Bancorp shares are owned by insiders. Comparatively, 2.5% of Mercantile Bank shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Community Trust Bancorp has a net margin of 25.55% compared to Mercantile Bank's net margin of 24.75%. Mercantile Bank's return on equity of 13.66% beat Community Trust Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Community Trust Bancorp25.55% 12.52% 1.60%
Mercantile Bank 24.75%13.66%1.46%

Community Trust Bancorp presently has a consensus target price of $81.50, indicating a potential upside of 7.34%. Mercantile Bank has a consensus target price of $62.00, indicating a potential upside of 3.28%. Given Community Trust Bancorp's stronger consensus rating and higher possible upside, equities analysts clearly believe Community Trust Bancorp is more favorable than Mercantile Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Community Trust Bancorp
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.75
Mercantile Bank
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43

In the previous week, Mercantile Bank had 1 more articles in the media than Community Trust Bancorp. MarketBeat recorded 2 mentions for Mercantile Bank and 1 mentions for Community Trust Bancorp. Community Trust Bancorp's average media sentiment score of 1.85 beat Mercantile Bank's score of 0.51 indicating that Community Trust Bancorp is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Community Trust Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Mercantile Bank
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Community Trust Bancorp has higher revenue and earnings than Mercantile Bank. Mercantile Bank is trading at a lower price-to-earnings ratio than Community Trust Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Community Trust Bancorp$409.34M3.37$98.06M$5.9712.72
Mercantile Bank$371.80M2.79$88.75M$5.6810.57

Summary

Community Trust Bancorp beats Mercantile Bank on 15 of the 20 factors compared between the two stocks.

How does Mercantile Bank compare to First Merchants?

First Merchants (NASDAQ:FRME) and Mercantile Bank (NASDAQ:MBWM) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, institutional ownership, analyst recommendations, risk, valuation, earnings, dividends and media sentiment.

First Merchants presently has a consensus price target of $49.00, suggesting a potential upside of 19.89%. Mercantile Bank has a consensus price target of $62.00, suggesting a potential upside of 3.28%. Given First Merchants' stronger consensus rating and higher possible upside, research analysts plainly believe First Merchants is more favorable than Mercantile Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Mercantile Bank
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43

First Merchants has higher revenue and earnings than Mercantile Bank. Mercantile Bank is trading at a lower price-to-earnings ratio than First Merchants, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Merchants$1.05B2.44$226M$3.1213.10
Mercantile Bank$371.80M2.79$88.75M$5.6810.57

73.9% of First Merchants shares are owned by institutional investors. Comparatively, 58.6% of Mercantile Bank shares are owned by institutional investors. 1.8% of First Merchants shares are owned by company insiders. Comparatively, 2.5% of Mercantile Bank shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.6%. Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.7%. First Merchants pays out 47.4% of its earnings in the form of a dividend. Mercantile Bank pays out 28.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Merchants has increased its dividend for 13 consecutive years and Mercantile Bank has increased its dividend for 14 consecutive years.

Mercantile Bank has a net margin of 24.75% compared to First Merchants' net margin of 17.05%. Mercantile Bank's return on equity of 13.66% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
First Merchants17.05% 8.86% 1.12%
Mercantile Bank 24.75%13.66%1.46%

In the previous week, First Merchants had 1 more articles in the media than Mercantile Bank. MarketBeat recorded 3 mentions for First Merchants and 2 mentions for Mercantile Bank. Mercantile Bank's average media sentiment score of 0.51 beat First Merchants' score of 0.34 indicating that Mercantile Bank is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Merchants
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Mercantile Bank
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Merchants has a beta of 0.84, suggesting that its share price is 16% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.8, suggesting that its share price is 20% less volatile than the broader market.

Summary

First Merchants and Mercantile Bank tied by winning 9 of the 18 factors compared between the two stocks.

How does Mercantile Bank compare to Independent Bank?

Independent Bank (NASDAQ:IBCP) and Mercantile Bank (NASDAQ:MBWM) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, risk, earnings, dividends, media sentiment, analyst recommendations, institutional ownership and profitability.

Mercantile Bank has higher revenue and earnings than Independent Bank. Independent Bank is trading at a lower price-to-earnings ratio than Mercantile Bank, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Independent Bank$315.38M2.55$68.54M$3.4410.53
Mercantile Bank$371.80M2.79$88.75M$5.6810.57

Independent Bank has a beta of 0.7, suggesting that its stock price is 30% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.8, suggesting that its stock price is 20% less volatile than the broader market.

Independent Bank pays an annual dividend of $1.12 per share and has a dividend yield of 3.1%. Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.7%. Independent Bank pays out 32.6% of its earnings in the form of a dividend. Mercantile Bank pays out 28.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Independent Bank has raised its dividend for 11 consecutive years and Mercantile Bank has raised its dividend for 14 consecutive years.

79.4% of Independent Bank shares are held by institutional investors. Comparatively, 58.6% of Mercantile Bank shares are held by institutional investors. 5.9% of Independent Bank shares are held by insiders. Comparatively, 2.5% of Mercantile Bank shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

In the previous week, Independent Bank and Independent Bank both had 2 articles in the media. Mercantile Bank's average media sentiment score of 0.51 beat Independent Bank's score of -0.06 indicating that Mercantile Bank is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Independent Bank
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Mercantile Bank
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Independent Bank currently has a consensus price target of $39.50, indicating a potential upside of 9.03%. Mercantile Bank has a consensus price target of $62.00, indicating a potential upside of 3.28%. Given Independent Bank's higher probable upside, analysts plainly believe Independent Bank is more favorable than Mercantile Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Independent Bank
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40
Mercantile Bank
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43

Mercantile Bank has a net margin of 24.75% compared to Independent Bank's net margin of 22.32%. Independent Bank's return on equity of 14.12% beat Mercantile Bank's return on equity.

Company Net Margins Return on Equity Return on Assets
Independent Bank22.32% 14.12% 1.29%
Mercantile Bank 24.75%13.66%1.46%

Summary

Mercantile Bank beats Independent Bank on 13 of the 18 factors compared between the two stocks.

How does Mercantile Bank compare to Peoples Bancorp?

Mercantile Bank (NASDAQ:MBWM) and Peoples Bancorp (NASDAQ:PEBO) are both small-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their media sentiment, dividends, analyst recommendations, earnings, institutional ownership, profitability, valuation and risk.

Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.7%. Peoples Bancorp pays an annual dividend of $1.68 per share and has a dividend yield of 4.3%. Mercantile Bank pays out 28.2% of its earnings in the form of a dividend. Peoples Bancorp pays out 50.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Mercantile Bank has increased its dividend for 14 consecutive years and Peoples Bancorp has increased its dividend for 10 consecutive years.

Peoples Bancorp has higher revenue and earnings than Mercantile Bank. Mercantile Bank is trading at a lower price-to-earnings ratio than Peoples Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Mercantile Bank$371.80M2.79$88.75M$5.6810.57
Peoples Bancorp$618.38M2.29$106.78M$3.3111.90

Mercantile Bank has a beta of 0.8, meaning that its stock price is 20% less volatile than the broader market. Comparatively, Peoples Bancorp has a beta of 0.59, meaning that its stock price is 41% less volatile than the broader market.

58.6% of Mercantile Bank shares are held by institutional investors. Comparatively, 60.7% of Peoples Bancorp shares are held by institutional investors. 2.5% of Mercantile Bank shares are held by insiders. Comparatively, 3.3% of Peoples Bancorp shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Mercantile Bank currently has a consensus target price of $62.00, suggesting a potential upside of 3.28%. Peoples Bancorp has a consensus target price of $42.00, suggesting a potential upside of 6.63%. Given Peoples Bancorp's stronger consensus rating and higher probable upside, analysts clearly believe Peoples Bancorp is more favorable than Mercantile Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Mercantile Bank
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43
Peoples Bancorp
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, Mercantile Bank and Mercantile Bank both had 2 articles in the media. Mercantile Bank's average media sentiment score of 0.51 beat Peoples Bancorp's score of 0.34 indicating that Mercantile Bank is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Mercantile Bank
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Peoples Bancorp
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Mercantile Bank has a net margin of 24.75% compared to Peoples Bancorp's net margin of 19.17%. Mercantile Bank's return on equity of 13.66% beat Peoples Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Mercantile Bank24.75% 13.66% 1.46%
Peoples Bancorp 19.17%10.71%1.35%

Summary

Mercantile Bank beats Peoples Bancorp on 9 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding MBWM and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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MBWM vs. The Competition

MetricMercantile BankBanks IndustryFinance SectorNASDAQ Exchange
Market Cap$1.04B$23.56B$13.82B$13.19B
Dividend Yield2.67%3.07%5.95%12.81%
P/E Ratio10.5727.0325.3125.40
Price / Sales2.799.32511.0789.45
Price / Cash10.9115.5143.4251.42
Price / Book1.421.372.736.33
Net Income$88.75M$2.58B$1.31B$358.33M
7 Day Performance-2.77%-0.71%-0.59%1.12%
1 Month Performance0.38%0.54%0.16%-2.39%
1 Year Performance27.72%22.23%7.82%5.35%

Mercantile Bank Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MBWM
Mercantile Bank
3.2641 of 5 stars
$60.03
-0.6%
$62.00
+3.3%
+27.7%$1.04B$371.80M10.57786
BUSE
First Busey
3.6766 of 5 stars
$30.41
-0.4%
$32.00
+5.2%
+22.6%$2.51B$789.53M12.551,948
CTBI
Community Trust Bancorp
4.4807 of 5 stars
$77.06
-1.0%
$81.50
+5.8%
+34.4%$1.40B$298.90M12.91930
FRME
First Merchants
4.4427 of 5 stars
$41.75
+0.6%
$49.00
+17.4%
+1.4%$2.62B$691.54M13.372,086
IBCP
Independent Bank
3.7667 of 5 stars
$37.14
-0.1%
$39.50
+6.4%
+15.6%$823.82M$315.38M10.79826

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This page (NASDAQ:MBWM) was last updated on 9/20/2026 by MarketBeat.com Staff.
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