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Mercantile Bank Corporation

MBWM Finance Major Banks
$61.09
▲ +4.0% Today
as of Oct 23, 16:50 ET
Last 30 days -0.39% Sep 14 → Oct 23
$57.36 $58.55 $59.73 $60.91 $62.10 Sep 14 Sep 22 Sep 30 Oct 07 Oct 15 Oct 23
Open
$60.09
High
$61.45
Low
$59.56
Volume
$174,634
Avg Vol
$110,869
Mkt Cap
$1.0B
P/E (TTM)
13.69
Beta
—
52w High
$62.95
52w Low
$42.88
Div Yield
—
Shares Out
$17M

Recent Press Releases & News last 60 days · 17 items

Oct 24 · 01:00 GuruFocus.com
Mercantile Bank Corp (MBWM) (Q3 2026) Earnings Call Highlights: Margin Expansion and Strong ...
Oct 22 · 17:11 Simply Wall St.
Mercantile Bank (MBWM) Q3 Earnings Spotlight Margin Gains And Cost Pressure
Oct 20 · 21:35 Motley Fool
Mercantile Bank: 3 Key Takeaways for Long-Term Investors
▸ Show all 17 press releases & news Free account →

MBWM earnings at a glance

The options market is pricing a move of about ±9.0% after the report, a range of roughly $55.62 to $66.56 from today's $61.09. Over its last 6 reports the stock rose the next day 4 times and fell 2, moving ±2.3% on average; after the most recent report on Jul 21, 2026 it moved +3.5%. That means options currently expect more movement than MBWM has typically delivered. MBWM beat the consensus EPS estimate in 6 of its last 6 reported quarters. Implied volatility is currently 76%. The share price of $61.09 sits near its 52-week high.

More Finance stocks · All stocks · Earnings calendar

Overview

52-week range
$43
$63
91% of range
Avg surprise (last 6)
+7.8%
Avg reaction (last 6)
+0.5%
67% positive
Latest IV / EM
76%
EM ±9.0% · $60 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$1.17$1.26$1.35$1.44$1.53 Actual $1.31Actual $1.27Actual $1.30Actual $1.34Actual $1.17Actual $1.22Actual $1.21Est $1.19Actual $1.39Est $1.23Actual $1.46Est $1.38Actual $1.40Est $1.37Actual $1.46Est $1.33Actual $1.53Est $1.34 MarJunSepMarJunSepMar/2025Jun/2025Sep/20258K8KJun/2026
Revenue vs Net Income Revenue Net income
$0$7M$14M$20M$27M Sep 24Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue Jul 21, 2026Jun/2026 $1.53 $1.34 +14.2% -3.6% +3.5% earnings
Tue Apr 21, 20268K 2026-04-21 $1.46 $1.33 +9.8% — -3.4% earnings
Tue Jan 20, 20268K 2026-01-20 $1.40 $1.37 +2.2% — +0.8% earnings
Tue Oct 21, 2025Sep/2025 $1.46 $1.38 +5.8% — +0.6% earnings
Tue Jul 22, 2025Jun/2025 $1.39 $1.23 +13.0% — -1.8% earnings
Tue Apr 22, 2025Mar/2025 $1.21 $1.19 +1.7% — +3.5% earnings
Mon Sep 30, 2024Sep 2024 $1.22 — — — — financials
Sun Jun 30, 2024Jun 2024 $1.17 — — — — financials
Sun Mar 31, 2024Mar 2024 $1.34 — — — — financials
Sat Sep 30, 2023Sep 2023 $1.30 — — — — financials
Fri Jun 30, 2023Jun 2023 $1.27 — — — — financials
Fri Mar 31, 2023Mar 2023 $1.31 — — — — financials

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue————————
Cost of revenue————————
Gross profit————————
Operating income————————
Net income$26M$23M—$24M$23M$20M—$20M
EPS (diluted)$1.50$1.32—$1.46$1.39$1.21—$1.22

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents————————
Inventory————————
Total current assets————————
Total assets$6.82B$6.95B$6.84B$6.31B$6.18B$6.14B$6.05B$5.92B
Long-term debt————————
Total liabilities$6.06B$6.21B$6.11B$5.65B$5.55B$5.53B$5.47B$5.33B
Total equity$755M$737M$725M$658M$632M$608M$585M$583M

Implied volatility — last 90 days

34%81%128%175%222% Jun 07 — IV 75% · EM ±10.4%Jun 08 — IV 73% · EM ±9.6%Jun 09 — IV 73% · EM ±9.2%Jun 10 — IV 77% · EM ±9.1%Jun 17 — IV 223% · EM ±9.3%Jun 19 — IV 35% · EM ±7.6%Jun 22 — IV 44% · EM ±9.2%Jun 23 — IV 45% · EM ±9.1%Jun 24 — IV 45% · EM ±8.9%Jun 25 — IV 46% · EM ±8.9%Jun 26 — IV 47% · EM ±9.1%Jun 29 — IV 49% · EM ±8.7%Jun 30 — IV 53% · EM ±9.2%Jul 01 — IV 52% · EM ±8.7%Jul 02 — IV 53% · EM ±8.6%Jul 03 — IV 55% · EM ±8.6%Jul 06 — IV 67% · EM ±9.3%Jul 07 — IV 86% · EM ±11.3%Jul 08 — IV 74% · EM ±9.3%Jul 09 — IV 75% · EM ±8.8%Jul 10 — IV 84% · EM ±9.3%Jul 13 — IV 113% · EM ±9.4%Jul 14 — IV 131% · EM ±9.5%Jul 15 — IV 155% · EM ±9.2%Jul 20 — IV 43% · EM ±10.2%Jul 21 — IV 36% · EM ±8.3%Jul 22 — IV 39% · EM ±9.0%Jul 23 — IV 45% · EM ±10.0%Jul 24 — IV 41% · EM ±9.0%Jul 27 — IV 41% · EM ±8.5%Jul 28 — IV 40% · EM ±8.2%Jul 29 — IV 41% · EM ±8.3%Jul 30 — IV 42% · EM ±8.3%Jul 31 — IV 43% · EM ±8.2%Aug 03 — IV 49% · EM ±8.6%Aug 04 — IV 70% · EM ±12.1%Aug 05 — IV 58% · EM ±9.8%Aug 06 — IV 56% · EM ±9.1%Aug 07 — IV 52% · EM ±8.2%Aug 10 — IV 59% · EM ±8.2%Aug 11 — IV 65% · EM ±8.6%Aug 12 — IV 65% · EM ±8.2%Aug 13 — IV 68% · EM ±8.1%Aug 17 — IV 98% · EM ±8.2%Aug 24 — IV 40% · EM ±8.5%Aug 25 — IV 39% · EM ±8.0%Aug 26 — IV 40% · EM ±8.1%Aug 27 — IV 42% · EM ±8.3%Sep 01 — IV 38% · EM ±6.6%Sep 02 — IV 49% · EM ±8.1%Sep 03 — IV 50% · EM ±8.1%Sep 08 — IV 62% · EM ±8.2%Sep 09 — IV 66% · EM ±8.2%Sep 15 — IV 109% · EM ±7.9%Sep 17 — IV 198% · EM ±8.3%Sep 22 — IV 41% · EM ±8.4%Sep 23 — IV 43% · EM ±8.5%Sep 24 — IV 43% · EM ±8.4%Sep 25 — IV 44% · EM ±8.4%Sep 28 — IV 44% · EM ±7.8%Sep 29 — IV 50% · EM ±8.7%Sep 30 — IV 53% · EM ±8.9%Oct 01 — IV 54% · EM ±8.7%Oct 02 — IV 53% · EM ±8.3%Oct 07 — IV 72% · EM ±9.0%Oct 08 — IV 76% · EM ±9.0%

Sector peers

MCBS
MetroCity Bankshares, Inc.
$995M $35.74+3.6%
BFST
Business First Bancshares, Inc.
$991M $31.80+1.4%
HBNC
Horizon Bancorp, Inc.
$990M $20.37+3.9%
NBN
Northeast Bank
$1.0B $128.74+1.1%
EQBK
Equity Bancshares, Inc.
$968M $48.88+2.8%
FSBC
Five Star Bancorp
$1.0B $44.09+2.3%

MBWM earnings FAQ

What is MBWM's expected move for earnings?

Options currently price a move of about ±9.0%, or $5.47 per share either way from $61.09.

How does MBWM stock usually react to earnings?

Across the last 6 reports the average next-day move was ±2.3%, up 4 times and down 2 times.

What is MBWM's implied volatility?

MBWM's at-the-money implied volatility is about 76% based on the latest options snapshot.

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