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Mercantile Bank (MBWM) Competitors

Mercantile Bank logo
$57.78 -0.42 (-0.72%)
Closing price 10/9/2026 04:00 PM Eastern
Extended Trading
$57.82 +0.04 (+0.07%)
As of 10/9/2026 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?

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

Mercantile Bank has a beta of 0.83, indicating that its stock price is 17% less volatile than the broader market. Comparatively, First Busey has a beta of 0.75, indicating that its stock price is 25% less volatile than the broader market.

In the previous week, First Busey had 2 more articles in the media than Mercantile Bank. MarketBeat recorded 3 mentions for First Busey and 1 mentions for Mercantile Bank. Mercantile Bank's average media sentiment score of 1.34 beat First Busey's score of 0.59 indicating that Mercantile Bank is being referred to more favorably in the media.

Company Overall Sentiment
Mercantile Bank Positive
First Busey Positive

Mercantile Bank presently has a consensus price target of $62.00, suggesting a potential upside of 7.30%. First Busey has a consensus price target of $31.00, suggesting a potential upside of 7.16%. Given Mercantile Bank's stronger consensus rating and higher possible upside, equities analysts clearly believe Mercantile Bank is more favorable than First Busey.

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

Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.8%. First Busey pays an annual dividend of $1.04 per share and has a dividend yield of 3.6%. Mercantile Bank pays out 28.2% of its earnings in the form of a dividend. First Busey pays out 43.0% 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 First Busey has increased its dividend for 10 consecutive years.

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
Mercantile Bank24.75% 13.66% 1.46%
First Busey 21.00%10.48%1.40%

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

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
Mercantile Bank$371.80M2.69$88.75M$5.6810.17
First Busey$1.04B2.29$135.26M$2.4211.95

Summary

Mercantile Bank beats First Busey on 12 of the 18 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 better stock? We will compare the two businesses based on the strength of their earnings, valuation, profitability, analyst recommendations, institutional ownership, risk, media sentiment and dividends.

Community Trust Bancorp has a beta of 0.54, suggesting that its share price is 46% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.83, suggesting that its share price is 17% less volatile than the broader market.

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 currently has a consensus price target of $81.50, indicating a potential upside of 9.90%. Mercantile Bank has a consensus price target of $62.00, indicating a potential upside of 7.30%. Given Community Trust Bancorp's stronger consensus rating and higher probable upside, research analysts plainly 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)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

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$409.34M3.29$98.06M$5.9712.42
Mercantile Bank$371.80M2.69$88.75M$5.6810.17

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 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 stock is poised for long-term growth.

In the previous week, Community Trust Bancorp and Community Trust Bancorp both had 1 articles in the media. Mercantile Bank's average media sentiment score of 1.34 beat Community Trust Bancorp's score of 1.02 indicating that Mercantile Bank is being referred to more favorably in the news media.

Company Overall Sentiment
Community Trust Bancorp Positive
Mercantile Bank Positive

Community Trust Bancorp pays an annual dividend of $2.60 per share and has a dividend yield of 3.5%. Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.8%. 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 increased its dividend for 44 consecutive years and Mercantile Bank has increased 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.

Summary

Community Trust Bancorp beats Mercantile Bank on 14 of the 19 factors compared between the two stocks.

How does Mercantile Bank compare to First Merchants?

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

In the previous week, First Merchants had 7 more articles in the media than Mercantile Bank. MarketBeat recorded 8 mentions for First Merchants and 1 mentions for Mercantile Bank. Mercantile Bank's average media sentiment score of 1.34 beat First Merchants' score of 0.18 indicating that Mercantile Bank is being referred to more favorably in the media.

Company Overall Sentiment
Mercantile Bank Positive
First Merchants Neutral

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
Mercantile Bank$371.80M2.69$88.75M$5.6810.17
First Merchants$1.05B2.33$226M$3.1212.50

58.6% of Mercantile Bank shares are owned by institutional investors. Comparatively, 73.9% of First Merchants shares are owned by institutional investors. 2.5% of Mercantile Bank shares are owned by insiders. Comparatively, 1.8% of First Merchants shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Mercantile Bank presently has a consensus price target of $62.00, suggesting a potential upside of 7.30%. First Merchants has a consensus price target of $46.00, suggesting a potential upside of 17.95%. Given First Merchants' stronger consensus rating and higher possible upside, analysts clearly believe First Merchants is more favorable than Mercantile Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Mercantile Bank
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
First Merchants
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.8%. First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.8%. Mercantile Bank pays out 28.2% of its earnings in the form of a dividend. First Merchants pays out 47.4% 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 First Merchants has increased its dividend for 13 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
Mercantile Bank24.75% 13.66% 1.46%
First Merchants 17.05%8.86%1.12%

Mercantile Bank has a beta of 0.83, suggesting that its stock price is 17% less volatile than the broader market. Comparatively, First Merchants has a beta of 0.87, suggesting that its stock price is 13% less volatile than the broader market.

Summary

Mercantile Bank and First Merchants 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 compare the two companies based on the strength of their earnings, analyst recommendations, institutional ownership, risk, media sentiment, valuation, dividends and profitability.

In the previous week, Independent Bank and Independent Bank both had 1 articles in the media. Mercantile Bank's average media sentiment score of 1.34 beat Independent Bank's score of -0.36 indicating that Mercantile Bank is being referred to more favorably in the news media.

Company Overall Sentiment
Independent Bank Neutral
Mercantile Bank Positive

Independent Bank has a beta of 0.73, meaning that its stock price is 27% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.83, meaning that its stock price is 17% less volatile than the broader market.

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

Independent Bank currently has a consensus price target of $39.50, suggesting a potential upside of 11.68%. Mercantile Bank has a consensus price target of $62.00, suggesting a potential upside of 7.30%. Given Independent Bank's stronger consensus rating and higher probable upside, equities analysts clearly 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)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
Mercantile Bank
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Independent Bank$315.38M2.49$68.54M$3.4410.28
Mercantile Bank$371.80M2.69$88.75M$5.6810.17

Independent Bank pays an annual dividend of $1.12 per share and has a dividend yield of 3.2%. Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.8%. 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.

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 10 of the 17 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 superior investment? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, institutional ownership, valuation, risk, media sentiment and profitability.

Mercantile Bank has a beta of 0.83, meaning that its share price is 17% less volatile than the broader market. Comparatively, Peoples Bancorp has a beta of 0.62, meaning that its share price is 38% less volatile than the broader market.

In the previous week, Peoples Bancorp had 12 more articles in the media than Mercantile Bank. MarketBeat recorded 13 mentions for Peoples Bancorp and 1 mentions for Mercantile Bank. Mercantile Bank's average media sentiment score of 1.34 beat Peoples Bancorp's score of 0.59 indicating that Mercantile Bank is being referred to more favorably in the media.

Company Overall Sentiment
Mercantile Bank Positive
Peoples Bancorp Positive

Mercantile Bank currently has a consensus price target of $62.00, suggesting a potential upside of 7.30%. Peoples Bancorp has a consensus price target of $40.50, suggesting a potential upside of 13.13%. Given Peoples Bancorp's stronger consensus rating and higher possible 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)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Peoples Bancorp
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83

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

Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.8%. Peoples Bancorp pays an annual dividend of $1.68 per share and has a dividend yield of 4.7%. 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 raised its dividend for 14 consecutive years and Peoples Bancorp has raised its dividend for 10 consecutive years.

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%

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$371.80M2.69$88.75M$5.6810.17
Peoples Bancorp$618.38M2.08$106.78M$3.3110.82

Summary

Peoples Bancorp beats Mercantile Bank on 10 of the 19 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$1.01B$21.53B$13.10B$13.21B
Dividend Yield2.75%3.15%6.08%16.37%
P/E Ratio10.1725.6224.7226.16
Price / Sales2.698.97479.7394.50
Price / Cash10.5814.7345.1353.09
Price / Book1.371.322.716.34
Net Income$88.75M$2.60B$1.32B$381.90M
7 Day Performance-2.89%-1.16%-0.52%-1.41%
1 Month Performance-5.74%-3.26%-2.39%-3.48%
1 Year Performance30.87%21.85%10.29%1.16%

Mercantile Bank Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MBWM
Mercantile Bank
3.7069 of 5 stars
$57.78
-0.7%
$62.00
+7.3%
+28.3%$1.01B$371.80M10.17786
BUSE
First Busey
3.5253 of 5 stars
$29.30
-1.6%
$32.00
+9.2%
+24.2%$2.42B$1.04B12.121,948
CTBI
Community Trust Bancorp
3.958 of 5 stars
$74.15
-1.4%
$81.50
+9.9%
+34.8%$1.35B$409.34M12.42930
FRME
First Merchants
4.7172 of 5 stars
$39.91
-1.1%
$51.00
+27.8%
+4.6%$2.51B$1.05B12.812,086
IBCP
Independent Bank
4.0422 of 5 stars
$35.07
-1.5%
$39.50
+12.6%
+13.3%$779.35M$315.38M10.21826

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This page (NASDAQ:MBWM) was last updated on 10/10/2026 by MarketBeat.com Staff.
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