Go Pro

Mercantile Bank (MBWM) Competitors

Mercantile Bank logo
$60.21 +0.47 (+0.79%)
As of 08/28/2026 04:00 PM Eastern

MBWM vs. BUSE, CTBI, FMBH, FRME, and GSBC

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 Mid Bancshares (FMBH), First Merchants (FRME), and Great Southern Bancorp (GSBC). 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 better business? We will contrast the two businesses based on the strength of their valuation, earnings, dividends, institutional ownership, analyst recommendations, risk, media sentiment and profitability.

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

First Busey presently has a consensus target price of $32.00, indicating a potential upside of 5.65%. Mercantile Bank has a consensus target price of $60.40, indicating a potential upside of 0.32%. Given First Busey's stronger consensus rating and higher possible upside, analysts clearly 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%

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$789.53M3.17$135.26M$2.4212.52
Mercantile Bank$260.81M3.99$88.75M$5.6810.60

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.

In the previous week, Mercantile Bank had 4 more articles in the media than First Busey. MarketBeat recorded 10 mentions for Mercantile Bank and 6 mentions for First Busey. Mercantile Bank's average media sentiment score of 1.12 beat First Busey's score of 0.93 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
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Mercantile Bank
6 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

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 0.79, indicating that its share price is 21% less volatile than the broader market.

Summary

Mercantile Bank beats First Busey on 11 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 better business? We will contrast the two companies based on the strength of their earnings, valuation, institutional ownership, media sentiment, risk, profitability, dividends and analyst recommendations.

Community Trust Bancorp currently has a consensus target price of $81.50, suggesting a potential upside of 6.31%. Mercantile Bank has a consensus target price of $60.40, suggesting a potential upside of 0.32%. Given Community Trust Bancorp's stronger consensus rating and higher possible upside, 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

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$409.34M3.40$98.06M$5.9712.84
Mercantile Bank$260.81M3.99$88.75M$5.6810.60

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 has a beta of 0.53, meaning that its stock price is 47% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.79, meaning that its stock price is 21% 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 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 company is poised for long-term growth.

In the previous week, Mercantile Bank had 6 more articles in the media than Community Trust Bancorp. MarketBeat recorded 10 mentions for Mercantile Bank and 4 mentions for Community Trust Bancorp. Community Trust Bancorp's average media sentiment score of 1.71 beat Mercantile Bank's score of 1.12 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
3 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
6 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Community Trust Bancorp pays an annual dividend of $2.12 per share and has a dividend yield of 2.8%. Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.7%. Community Trust Bancorp pays out 35.5% 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.

Summary

Community Trust Bancorp beats Mercantile Bank on 14 of the 20 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 businesses based on the strength of their profitability, media sentiment, risk, institutional ownership, valuation, dividends, earnings and analyst recommendations.

First Mid Bancshares has a beta of 0.78, meaning that its stock price is 22% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.79, meaning that its stock price is 21% less volatile than the broader market.

In the previous week, First Mid Bancshares had 5 more articles in the media than Mercantile Bank. MarketBeat recorded 15 mentions for First Mid Bancshares and 10 mentions for Mercantile Bank. First Mid Bancshares' average media sentiment score of 1.60 beat Mercantile Bank's score of 1.12 indicating that First Mid Bancshares is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Mid Bancshares
13 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Mercantile Bank
6 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

47.6% of First Mid Bancshares shares are held by institutional investors. Comparatively, 58.6% of Mercantile Bank shares are held by institutional investors. 6.0% of First Mid Bancshares shares are held by insiders. Comparatively, 2.5% of Mercantile Bank shares are held by 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 Mid Bancshares currently has a consensus price target of $54.63, suggesting a potential upside of 8.51%. Mercantile Bank has a consensus price target of $60.40, suggesting a potential upside of 0.32%. Given First Mid Bancshares' stronger consensus rating and higher probable upside, 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)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43

First Mid Bancshares pays an annual dividend of $1.04 per share and has a dividend yield of 2.1%. Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.7%. First Mid Bancshares pays out 25.8% 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 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 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$466.04M2.87$91.75M$4.0312.49
Mercantile Bank$260.81M3.99$88.75M$5.6810.60

Mercantile Bank has a net margin of 24.75% compared to First Mid Bancshares' net margin of 19.76%. Mercantile Bank's return on equity of 13.66% beat First Mid Bancshares' return on equity.

Company Net Margins Return on Equity Return on Assets
First Mid Bancshares19.76% 10.86% 1.29%
Mercantile Bank 24.75%13.66%1.46%

Summary

First Mid Bancshares and Mercantile Bank tied by winning 9 of the 18 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 compare the two businesses based on the strength of their valuation, risk, institutional ownership, analyst recommendations, earnings, profitability, media sentiment and dividends.

Mercantile Bank pays an annual dividend of $1.60 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 3.5%. 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 raised its dividend for 14 consecutive years and First Merchants has raised its dividend for 13 consecutive years.

Mercantile Bank has a beta of 0.79, suggesting that its stock price is 21% less volatile than the broader market. Comparatively, First Merchants has a beta of 0.84, suggesting that its stock price is 16% less volatile than the broader market.

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%

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$260.81M3.99$88.75M$5.6810.60
First Merchants$1.05B2.50$226M$3.1213.44

Mercantile Bank currently has a consensus target price of $60.40, suggesting a potential upside of 0.32%. First Merchants has a consensus target price of $49.00, suggesting a potential upside of 16.86%. Given First Merchants' stronger consensus rating and higher probable upside, analysts plainly 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)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43
First Merchants
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, First Merchants had 2 more articles in the media than Mercantile Bank. MarketBeat recorded 12 mentions for First Merchants and 10 mentions for Mercantile Bank. First Merchants' average media sentiment score of 1.61 beat Mercantile Bank's score of 1.12 indicating that First Merchants is being referred to more favorably in the news media.

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

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

Summary

First Merchants beats Mercantile Bank on 10 of the 18 factors compared between the two stocks.

How does Mercantile Bank compare to Great Southern Bancorp?

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

In the previous week, Mercantile Bank had 6 more articles in the media than Great Southern Bancorp. MarketBeat recorded 10 mentions for Mercantile Bank and 4 mentions for Great Southern Bancorp. Great Southern Bancorp's average media sentiment score of 1.81 beat Mercantile Bank's score of 1.12 indicating that Great Southern Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Mercantile Bank
6 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Great Southern Bancorp
3 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 currently has a consensus price target of $60.40, suggesting a potential upside of 0.32%. Great Southern Bancorp has a consensus price target of $74.00, suggesting a potential downside of 6.17%. Given Mercantile Bank's stronger consensus rating and higher possible upside, analysts plainly believe Mercantile Bank is more favorable than Great Southern Bancorp.

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
Great Southern Bancorp
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33

Mercantile Bank pays an annual dividend of $1.60 per share and has a dividend yield of 2.7%. Great Southern Bancorp pays an annual dividend of $1.72 per share and has a dividend yield of 2.2%. Mercantile Bank pays out 28.2% of its earnings in the form of a dividend. Great Southern Bancorp pays out 28.6% 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. Mercantile Bank is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

58.6% of Mercantile Bank shares are owned by institutional investors. Comparatively, 41.7% of Great Southern Bancorp shares are owned by institutional investors. 2.5% of Mercantile Bank shares are owned by company insiders. Comparatively, 29.8% of Great Southern Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Mercantile Bank$260.81M3.99$88.75M$5.6810.60
Great Southern Bancorp$342.78M2.51$70.97M$6.0213.10

Mercantile Bank has a beta of 0.79, meaning that its share price is 21% less volatile than the broader market. Comparatively, Great Southern Bancorp has a beta of 0.49, meaning that its share price is 51% less volatile than the broader market.

Mercantile Bank has a net margin of 24.75% compared to Great Southern Bancorp's net margin of 20.72%. Mercantile Bank's return on equity of 13.66% beat Great Southern Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Mercantile Bank24.75% 13.66% 1.46%
Great Southern Bancorp 20.72%10.83%1.22%

Summary

Mercantile Bank beats Great Southern Bancorp on 14 of the 19 factors compared between the two stocks.

Get Mercantile Bank News Delivered to You Automatically

Sign up to receive the latest news and ratings for MBWM and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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.
Skip Chart

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.
Skip Chart

MBWM vs. The Competition

MetricMercantile BankBanks IndustryFinance SectorNASDAQ Exchange
Market Cap$1.04B$23.55B$14.10B$12.90B
Dividend Yield2.61%3.19%5.89%11.28%
P/E Ratio10.6027.3826.7425.45
Price / Sales3.999.59514.8575.83
Price / Cash10.9416.0438.3253.00
Price / Book1.381.362.196.14
Net Income$88.75M$2.58B$1.31B$348.86M
7 Day Performance1.01%-0.04%0.90%-0.80%
1 Month Performance0.80%0.76%2.48%4.13%
1 Year Performance22.25%22.94%10.76%15.17%

Mercantile Bank Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MBWM
Mercantile Bank
3.5625 of 5 stars
$60.21
+0.8%
$60.40
+0.3%
+22.3%$1.04B$260.81M10.60670
BUSE
First Busey
3.8452 of 5 stars
$30.08
-0.7%
$32.00
+6.4%
+22.6%$2.48B$1.04B12.431,948
CTBI
Community Trust Bancorp
4.0613 of 5 stars
$76.06
-0.8%
$81.50
+7.2%
+31.2%$1.38B$298.90M12.74980
FMBH
First Mid Bancshares
3.2962 of 5 stars
$50.02
-0.8%
$54.63
+9.2%
+24.5%$1.33B$466.04M12.411,170
FRME
First Merchants
4.8717 of 5 stars
$41.51
-1.0%
$49.00
+18.1%
+1.0%$2.61B$691.54M13.302,086

Related Companies and Tools


This page (NASDAQ:MBWM) was last updated on 8/30/2026 by MarketBeat.com Staff.
From Our Partners