Mercantile Bank (MBWM) Projected to Post Earnings on Tuesday

Mercantile Bank (NASDAQ:MBWM) is anticipated to issue its Q2 2026 results before the market opens on Tuesday, July 21st. Analysts expect Mercantile Bank to post earnings of $1.34 per share and revenue of $68.8070 million for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, July 21, 2026 at 10:00 AM ET.

Mercantile Bank (NASDAQ:MBWM) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.13. The company had revenue of $67.59 million for the quarter, compared to the consensus estimate of $67.41 million. Mercantile Bank had a return on equity of 13.73% and a net margin of 24.19%. On average, analysts expect Mercantile Bank to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Mercantile Bank Price Performance

NASDAQ MBWM opened at $57.80 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $998.21 million, a price-to-earnings ratio of 10.38 and a beta of 0.80. The company has a 50 day simple moving average of $54.36 and a 200-day simple moving average of $52.46. Mercantile Bank has a 52-week low of $42.75 and a 52-week high of $59.95.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MBWM. Wall Street Zen upgraded shares of Mercantile Bank to a “hold” rating in a research note on Saturday, March 28th. Piper Sandler lifted their target price on shares of Mercantile Bank from $57.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Stephens assumed coverage on shares of Mercantile Bank in a report on Wednesday, March 25th. They set an “equal weight” rating and a $54.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mercantile Bank in a research note on Friday, June 12th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.80.

Hedge Funds Weigh In On Mercantile Bank

A number of hedge funds have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC bought a new position in Mercantile Bank during the fourth quarter valued at approximately $267,000. Mackenzie Financial Corp bought a new stake in Mercantile Bank in the fourth quarter worth approximately $307,000. Empowered Funds LLC increased its stake in shares of Mercantile Bank by 12.2% during the 4th quarter. Empowered Funds LLC now owns 73,878 shares of the financial services provider’s stock worth $3,554,000 after purchasing an additional 8,014 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Mercantile Bank during the 4th quarter valued at $14,181,000. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Mercantile Bank by 6.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 120,133 shares of the financial services provider’s stock valued at $5,778,000 after purchasing an additional 6,969 shares in the last quarter. Institutional investors and hedge funds own 58.63% of the company’s stock.

About Mercantile Bank

Mercantile Bank Corporation (NASDAQ: MBWM) is the bank holding company for Mercantile Bank of Michigan, a full-service commercial bank headquartered in Grand Rapids, Michigan. Through its state-chartered subsidiary, the company provides a broad range of financial products and services to small and mid-sized businesses, professionals and consumers across West and Central Michigan.

The bank’s core offerings include deposit products such as checking, savings and money market accounts, alongside commercial and consumer loan portfolios.