Mercantile Bank Corporation

Mercantile Bank Corporationverified

MBWM

Price:

$47.51

Market Cap:

$772.21M

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as ...[Read more]

Industry

Banks - Regional

IPO Date

1999-07-20

Stock Exchange

NASDAQ

Ticker

MBWM

The Enterprise Value as of December 2025 (TTM) for Mercantile Bank Corporation (MBWM) is 1.45B

According to Mercantile Bank Corporation’s latest financial reports and current stock price. The company's current Enterprise Value is 1.45B. This represents a change of 25.00% compared to the average of 1.16B of the last 4 quarters.

Mercantile Bank Corporation (MBWM) Historical Enterprise Value (quarterly & annually)

How has MBWM Enterprise Value performed in the past?

The mean historical Enterprise Value of Mercantile Bank Corporation over the last ten years is 796.10M. The current 1.45B Enterprise Value has changed 18.14% with respect to the historical average. Over the past ten years (40 quarters), MBWM's Enterprise Value was at its highest in in the September 2025 quarter at 1.41B. The Enterprise Value was at its lowest in in the December 2021 quarter at 268.02M.

Quarterly (TTM)
Annual

Average

796.10M

Median

825.14M

Minimum

278.22M

Maximum

1.35B

Mercantile Bank Corporation (MBWM) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Mercantile Bank Corporation Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 286.18%

Maximum Annual Enterprise Value = 1.35B

Minimum Annual Increase = -56.69%

Minimum Annual Enterprise Value = 278.22M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2024972.91M-28.06%
20231.35B25.88%
20221.07B286.18%
2021278.22M-26.00%
2020375.95M-56.69%
2019868.12M-2.84%
2018893.51M16.49%
2017767.03M-1.93%
2016782.16M31.19%
2015596.22M49.60%

Mercantile Bank Corporation (MBWM) Average Enterprise Value

How has MBWM Enterprise Value performed in the past?

The current Enterprise Value of Mercantile Bank Corporation (MBWM) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.13B

5-year avg

810.79M

10-year avg

796.10M

Mercantile Bank Corporation (MBWM) Enterprise Value vs. Peers

How is MBWM’s Enterprise Value compared to its peers?

Mercantile Bank Corporation’s Enterprise Value is greater than Northeast Bank (683.98M), greater than Business First Bancshares, Inc. (891.87M), greater than CNB Financial Corporation (895.92M), less than Amerant Bancorp Inc. (1.80B), greater than HBT Financial, Inc. (820.12M), greater than TrustCo Bank Corp NY (920.74M), greater than Metropolitan Bank Holding Corp. (1.10B), greater than HomeTrust Bancshares, Inc. (946.69M), greater than Horizon Bancorp, Inc. (1.26B),

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