Nama's AI scorecard currently rates Mercantile Bank Hold (4.8 out of 10), a call computed from its profitability, cash generation, growth, valuation and balance sheet. It is a research reading, not investment advice.

What is MBWM's P/E ratio?

Mercantile Bank trades at a trailing price-to-earnings ratio of 10.4.

When does MBWM report earnings?

Mercantile Bank's next scheduled report is on Jan 19, 2027. Analysts expect EPS of $1.38.

What is the MBWM price target?

The median analyst price target from 6 analysts is $65.00, with a range of $62.00 – $66.00.

Is MBWM Shariah compliant?

Nama's AAOIFI-style screen reads Mercantile Bank as Not Shariah Compliant. At least one of the three ratios or the industry test failed.

Does MBWM pay a dividend?

Yes — Mercantile Bank's dividend yield is 2.6%.

Nama Insights

Mercantile Bank (MBWM)

Financial Services · Banks Regional · NASDAQ

Mercantile Bank (MBWM) is a Financial Services company in the Banks Regional industry. It has a market capitalization of $1.05B and a trailing price-to-earnings ratio of 10.4. Over the most recent reported fiscal year, revenue grew 4.8%. Nama's AI scorecard rates it Hold, 4.8 out of 10. On 12-month momentum it ranks in the leading band of its market.

AI scorecard

Hold · 4.8/10

The sections balance. As of Nov 7, 2026.

Momentum

Leading · +28.2% over 12 months ex. last

Top 20% of its market on the past year's steady rise.

Shariah screen

Not Shariah Compliant

At least one of the three ratios or the industry test failed.

Off its high

-4.5%

How far the last close sits under the highest price of the past five years.

Market cap	$1.05B
Trailing P/E	10.4
Price / book	1.4
Price / sales	3.8
FCF yield	—
Dividend yield	2.6%
Gross margin	0.0%
Operating margin	—
Net margin	34.8%
Revenue growth (YoY)	+4.8%
Revenue growth (3-yr annual)	+8.4%
EPS growth (YoY)	+10.3%
FCF/share growth (YoY)	—
Beta	0.8
Exchange	NASDAQ
Sector	Financial Services
Industry	Banks Regional

MBWM earnings

Next report: Jan 19, 2027 (Q4 2026, EPS estimate $1.38). Beat the EPS estimate in 4 of 4 recent quarters.

Quarter	Reported	EPS	Estimate	Surprise	Revenue
Q3 2026	Oct 20, 2026	$1.42	$1.35	+5.2%	$73.20M
Q2 2026	Jul 21, 2026	$1.53	$1.33	+15.0%	$68.76M
Q1 2026	Apr 21, 2026	$1.46	$1.31	+11.4%	$67.59M
Q4 2025	Jan 20, 2026	$1.40	$1.37	+2.2%	$62.07M

MBWM analyst price target

Median target $65.00 from 6 analysts, ranging $62.00 – $66.00.

Banks Regional peers

Ticker	Company	Market cap	P/E
HDB	HDFC Bank	$129.32B	15.9
IBN	ICICI Bank	$121.68B	21.2
MFG	Mizuho Financial Group	$113.48B	13.1
USB	U.S. Bancorp	$92.63B	11.6
PNC	PNC Financial Services Group	$89.43B	12.0
ITUB	Itaú Unibanco	$81.45B	8.6
LYG	Lloyds Banking Group	$72.69B	9.8
DB	Deutsche Bank Aktiengesellschaft	$64.60B	10.5

Explore live MBWM data on Nama Insights →

MBWM FAQ

Is MBWM a buy?: Nama's AI scorecard currently rates Mercantile Bank Hold (4.8 out of 10), a call computed from its profitability, cash generation, growth, valuation and balance sheet. It is a research reading, not investment advice.
What is MBWM's P/E ratio?: Mercantile Bank trades at a trailing price-to-earnings ratio of 10.4.
When does MBWM report earnings?: Mercantile Bank's next scheduled report is on Jan 19, 2027. Analysts expect EPS of $1.38.
What is the MBWM price target?: The median analyst price target from 6 analysts is $65.00, with a range of $62.00 – $66.00.
Is MBWM Shariah compliant?: Nama's AAOIFI-style screen reads Mercantile Bank as Not Shariah Compliant. At least one of the three ratios or the industry test failed.
Does MBWM pay a dividend?: Yes — Mercantile Bank's dividend yield is 2.6%.