Stocktoria
MERCANTILE BANK CORP MBWM
MERCANTILE BANK CORP (MBWM) earns a Piotroski F-score of 2/9 (weak financial health). It pays a dividend yielding 2.43% (safety: safe).
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Finance, Insurance & Real Estate · percentile among 1129 companies
Percentile vs other Finance, Insurance & Real Estate companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 2/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Sector peers · similar-size Finance, Insurance & Real Estate companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| MBWM | MERCANTILE BANK CORP | 2/9 | — | 11.1 | — |
| STT | STATE STREET CORP | 6/9 | — | 15.8 | +7.3% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | 5/9 | — | 10.8 | -2.2% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | 7/9 | — | 16.3 | +5.6% |
| NTRS | NORTHERN TRUST CORP | 4/9 | — | 18.5 | -2.5% |
| ALLY | Ally Financial Inc. | 5/9 | — | 17 | -3.3% |
| MTB | M&T BANK CORP | 7/9 | — | 12.2 | +7.5% |
All Finance, Insurance & Real Estate companies →
About MERCANTILE BANK CORP
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides 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; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
FAQ
Is MBWM financially healthy?
MERCANTILE BANK CORP's Piotroski F-score is 2/9 (8–9 is excellent, 0–3 weak).
Does MBWM pay a dividend, and is it safe?
Yes. MERCANTILE BANK CORP pays a dividend yielding about 2.43% with a 27.0% payout ratio, rated “safe” for safety.
How profitable is MBWM?
In FY2025, MERCANTILE BANK CORP had a return on equity of 12.2%.
Is MBWM overvalued or undervalued?
MERCANTILE BANK CORP trades at about 11.2× trailing earnings — near its 10-year norm (10-year range 7.8×–18.4×, median 10.4×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for MBWM?
The average Wall-Street price target for MERCANTILE BANK CORP is $59.83, about 2.4% below the recent price, from 6 analysts (consensus: buy).
Is MBWM a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on MERCANTILE BANK CORP: a Piotroski F-score of 2/9, a P/E of about 11.1×, a dividend yield of 2.43%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.