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Mercantile Bank (MBWM) Competitors

Mercantile Bank logo
$57.42 +0.25 (+0.44%)
Closing price 06/30/2026 04:00 PM Eastern
Extended Trading
$57.40 -0.02 (-0.03%)
As of 06/30/2026 04:10 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, FMBH, FRME, and HOPE

Should you buy Mercantile Bank stock or one of its competitors? MarketBeat compares Mercantile Bank with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Mercantile Bank include First Busey (BUSE), Community Trust Bancorp (CTBI), First Mid Bancshares (FMBH), First Merchants (FRME), and Hope Bancorp (HOPE). These companies are all part of the "finance" sector.

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 investment? We will contrast the two companies based on the strength of their dividends, media sentiment, risk, valuation, profitability, earnings, analyst recommendations and institutional ownership.

First Busey has a beta of 0.72, indicating that its share price is 28% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.81, indicating that its share price is 19% less volatile than the broader market.

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 1.87 beat First Busey's score of 0.73 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
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Mercantile Bank
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

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$1.04B2.39$135.26M$2.2513.11
Mercantile Bank$371.80M2.67$88.75M$5.5710.31

Mercantile Bank has a net margin of 24.19% compared to First Busey's net margin of 19.16%. Mercantile Bank's return on equity of 13.73% beat First Busey's return on equity.

Company Net Margins Return on Equity Return on Assets
First Busey19.16% 10.19% 1.36%
Mercantile Bank 24.19%13.73%1.44%

First Busey pays an annual dividend of $1.04 per share and has a dividend yield of 3.5%. Mercantile Bank pays an annual dividend of $1.56 per share and has a dividend yield of 2.7%. First Busey pays out 46.2% of its earnings in the form of a dividend. Mercantile Bank pays out 28.0% 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. First Busey has raised its dividend for 10 consecutive years and Mercantile Bank has raised its dividend for 14 consecutive years.

56.5% of First Busey shares are held by institutional investors. Comparatively, 58.6% of Mercantile Bank shares are held by institutional investors. 3.8% of First Busey shares are held by company insiders. Comparatively, 2.5% of Mercantile Bank shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

First Busey currently has a consensus target price of $28.40, indicating a potential downside of 3.73%. Mercantile Bank has a consensus target price of $56.80, indicating a potential downside of 1.08%. Given Mercantile Bank's higher probable upside, analysts plainly believe Mercantile Bank is more favorable than First Busey.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Busey
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.67
Mercantile Bank
0 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57

Summary

Mercantile Bank beats First Busey on 11 of the 18 factors compared between the two stocks.

How does Mercantile Bank compare to Community Trust Bancorp?

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

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
Mercantile Bank$371.80M2.67$88.75M$5.5710.31
Community Trust Bancorp$409.34M3.21$98.06M$5.7112.67

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

In the previous week, Mercantile Bank and Mercantile Bank both had 2 articles in the media. Mercantile Bank's average media sentiment score of 1.87 beat Community Trust Bancorp's score of 1.85 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
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
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

Community Trust Bancorp has a net margin of 24.85% compared to Mercantile Bank's net margin of 24.19%. Mercantile Bank's return on equity of 13.73% beat Community Trust Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Mercantile Bank24.19% 13.73% 1.44%
Community Trust Bancorp 24.85%12.27%1.56%

Mercantile Bank currently has a consensus price target of $56.80, indicating a potential downside of 1.08%. Community Trust Bancorp has a consensus price target of $68.50, indicating a potential downside of 5.33%. Given Mercantile Bank's higher possible upside, analysts clearly believe Mercantile Bank is more favorable than Community Trust Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Mercantile Bank
0 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57
Community Trust Bancorp
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.75

Mercantile Bank has a beta of 0.81, meaning that its share price is 19% less volatile than the broader market. Comparatively, Community Trust Bancorp has a beta of 0.54, meaning that its share price is 46% less volatile than the broader market.

Mercantile Bank pays an annual dividend of $1.56 per share and has a dividend yield of 2.7%. Community Trust Bancorp pays an annual dividend of $2.12 per share and has a dividend yield of 2.9%. Mercantile Bank pays out 28.0% of its earnings in the form of a dividend. Community Trust Bancorp pays out 37.1% 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 Community Trust Bancorp has raised its dividend for 44 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 13 of the 19 factors compared between the two stocks.

How does Mercantile Bank compare to First Mid Bancshares?

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

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Mid Bancshares$466.04M2.75$91.75M$3.9712.11
Mercantile Bank$371.80M2.67$88.75M$5.5710.31

Mercantile Bank has a net margin of 24.19% compared to First Mid Bancshares' net margin of 19.95%. Mercantile Bank's return on equity of 13.73% beat First Mid Bancshares' return on equity.

Company Net Margins Return on Equity Return on Assets
First Mid Bancshares19.95% 10.44% 1.23%
Mercantile Bank 24.19%13.73%1.44%

47.6% of First Mid Bancshares shares are owned by institutional investors. Comparatively, 58.6% of Mercantile Bank shares are owned by institutional investors. 6.0% of First Mid Bancshares 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 is poised for long-term growth.

First Mid Bancshares has a beta of 0.8, indicating that its stock price is 20% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.81, indicating that its stock price is 19% less volatile than the broader market.

In the previous week, Mercantile Bank had 1 more articles in the media than First Mid Bancshares. MarketBeat recorded 2 mentions for Mercantile Bank and 1 mentions for First Mid Bancshares. Mercantile Bank's average media sentiment score of 1.87 beat First Mid Bancshares' score of 1.43 indicating that Mercantile Bank is being referred to more favorably in the news media.

Company Overall Sentiment
First Mid Bancshares Positive
Mercantile Bank Very Positive

First Mid Bancshares pays an annual dividend of $1.00 per share and has a dividend yield of 2.1%. Mercantile Bank pays an annual dividend of $1.56 per share and has a dividend yield of 2.7%. First Mid Bancshares pays out 25.2% of its earnings in the form of a dividend. Mercantile Bank pays out 28.0% 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. First Mid Bancshares has raised its dividend for 3 consecutive years and Mercantile Bank has raised its dividend for 14 consecutive years. Mercantile Bank is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

First Mid Bancshares presently has a consensus price target of $49.50, suggesting a potential upside of 2.93%. Mercantile Bank has a consensus price target of $56.80, suggesting a potential downside of 1.08%. Given First Mid Bancshares' higher possible upside, equities research analysts plainly believe First Mid Bancshares is more favorable than Mercantile Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Mid Bancshares
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)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57

Summary

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

Mercantile Bank presently has a consensus target price of $56.80, suggesting a potential downside of 1.08%. First Merchants has a consensus target price of $49.00, suggesting a potential upside of 12.15%. Given First Merchants' 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)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57
First Merchants
0 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.33

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$371.80M2.67$88.75M$5.5710.31
First Merchants$659.76M4.17$226M$3.4012.85

In the previous week, First Merchants had 4 more articles in the media than Mercantile Bank. MarketBeat recorded 6 mentions for First Merchants and 2 mentions for Mercantile Bank. Mercantile Bank's average media sentiment score of 1.87 beat First Merchants' score of 0.65 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
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
First Merchants
0 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Mercantile Bank has a beta of 0.81, suggesting that its stock price is 19% less volatile than the broader market. Comparatively, First Merchants has a beta of 0.85, suggesting that its stock price is 15% less volatile than the broader market.

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 endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Mercantile Bank has a net margin of 24.19% compared to First Merchants' net margin of 18.87%. Mercantile Bank's return on equity of 13.73% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
Mercantile Bank24.19% 13.73% 1.44%
First Merchants 18.87%9.58%1.21%

Mercantile Bank pays an annual dividend of $1.56 per share and has a dividend yield of 2.7%. First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.4%. Mercantile Bank pays out 28.0% of its earnings in the form of a dividend. First Merchants pays out 43.5% 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.

Summary

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

How does Mercantile Bank compare to Hope Bancorp?

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

Hope Bancorp pays an annual dividend of $0.56 per share and has a dividend yield of 4.1%. Mercantile Bank pays an annual dividend of $1.56 per share and has a dividend yield of 2.7%. Hope Bancorp pays out 107.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Mercantile Bank pays out 28.0% of its earnings in the form of a dividend. Mercantile Bank has increased its dividend for 14 consecutive years.

In the previous week, Mercantile Bank had 1 more articles in the media than Hope Bancorp. MarketBeat recorded 2 mentions for Mercantile Bank and 1 mentions for Hope Bancorp. Mercantile Bank's average media sentiment score of 1.87 beat Hope Bancorp's score of 0.96 indicating that Mercantile Bank is being referred to more favorably in the news media.

Company Overall Sentiment
Hope Bancorp Positive
Mercantile Bank Very Positive

Mercantile Bank has a net margin of 24.19% compared to Hope Bancorp's net margin of 6.56%. Mercantile Bank's return on equity of 13.73% beat Hope Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Hope Bancorp6.56% 5.32% 0.65%
Mercantile Bank 24.19%13.73%1.44%

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hope Bancorp$523.22M3.34$61.59M$0.5226.31
Mercantile Bank$371.80M2.67$88.75M$5.5710.31

84.0% of Hope Bancorp shares are owned by institutional investors. Comparatively, 58.6% of Mercantile Bank shares are owned by institutional investors. 2.3% of Hope 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 company is poised for long-term growth.

Hope Bancorp currently has a consensus target price of $14.50, indicating a potential upside of 5.99%. Mercantile Bank has a consensus target price of $56.80, indicating a potential downside of 1.08%. Given Hope Bancorp's higher possible upside, research analysts plainly believe Hope Bancorp is more favorable than Mercantile Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hope Bancorp
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)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57

Hope Bancorp has a beta of 0.84, meaning that its share price is 16% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.81, meaning that its share price is 19% less volatile than the broader market.

Summary

Mercantile Bank beats Hope Bancorp on 12 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$987.58M$3.20B$13.87B$12.45B
Dividend Yield2.73%3.16%5.69%6.16%
P/E Ratio10.3111.3820.4224.87
Price / Sales2.672.62127.57102.84
Price / Cash10.3911.4519.7558.59
Price / Book1.361.302.256.54
Net Income$88.75M$217.17M$1.14B$336.70M
7 Day Performance2.92%0.86%0.72%2.88%
1 Month Performance10.36%6.71%1.59%0.64%
1 Year Performance20.10%24.75%13.37%31.34%

Mercantile Bank Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MBWM
Mercantile Bank
3.2979 of 5 stars
$57.42
+0.4%
$56.80
-1.1%
+23.7%$987.58M$371.80M10.31670
BUSE
First Busey
4.3193 of 5 stars
$28.72
+0.7%
$27.50
-4.2%
+28.9%$2.43B$1.04B12.761,948
CTBI
Community Trust Bancorp
3.5914 of 5 stars
$69.71
+1.1%
$68.50
-1.7%
+36.7%$1.27B$409.34M12.21980
FMBH
First Mid Bancshares
3.7951 of 5 stars
$46.65
+1.2%
$49.50
+6.1%
+28.3%$1.24B$355.25M11.751,170
FRME
First Merchants
4.0586 of 5 stars
$41.81
+1.5%
$48.33
+15.6%
+14.1%$2.63B$1.05B12.302,086

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This page (NASDAQ:MBWM) was last updated on 7/1/2026 by MarketBeat.com Staff.
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