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Upturn AI SWOT - About
MBWM 
Mercantile Bank Corporation (MBWM)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
06/27/2025: MBWM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
5 Analysts rated it
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Year Target Price $50.12
Year Target Price $50.12
| 1 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Under performing |
| 0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -4.93% | Avg. Invested days 32 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 752.34M USD | Price to earnings Ratio 9.65 | 1Y Target Price 50.12 |
Price to earnings Ratio 9.65 | 1Y Target Price 50.12 | ||
Volume (30-day avg) - | Beta 0.9 | 52 Weeks Range 36.82 - 51.73 | Updated Date 06/29/2025 |
52 Weeks Range 36.82 - 51.73 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 3.19% | Basic EPS (TTM) 4.8 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 34.89% | Operating Margin (TTM) 43.61% |
Management Effectiveness
Return on Assets (TTM) 1.34% | Return on Equity (TTM) 13.55% |
Valuation
Trailing PE 9.65 | Forward PE 10.87 | Enterprise Value 1119912576 | Price to Sales(TTM) 3.38 |
Enterprise Value 1119912576 | Price to Sales(TTM) 3.38 | ||
Enterprise Value to Revenue 5.46 | Enterprise Value to EBITDA - | Shares Outstanding 16235200 | Shares Floating 15708863 |
Shares Outstanding 16235200 | Shares Floating 15708863 | ||
Percent Insiders 3.46 | Percent Institutions 65.82 |
Analyst Ratings
Rating 3.6 | Target Price 50.12 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Mercantile Bank Corporation
Company Overview
History and Background
Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan. The bank has grown organically and through acquisitions, expanding its presence across Michigan. It focuses on providing banking services to businesses and individuals.
Core Business Areas
- Commercial Banking: Provides a range of lending, deposit, and cash management services to businesses of all sizes.
- Retail Banking: Offers deposit accounts, loans, and other financial services to individual customers.
- Mortgage Banking: Originates and services mortgage loans.
- Wealth Management: Provides trust and investment management services.
Leadership and Structure
Raymond Reitsma serves as the President and Chief Executive Officer. The bank has a board of directors overseeing its operations. The organizational structure is typical of a regional bank, with departments focusing on different business lines.
Top Products and Market Share
Key Offerings
- Commercial Loans: Provides loans for businesses, including term loans, lines of credit, and real estate financing. Market share data is not publicly available at a granular level. Competitors include larger national and regional banks such as JPMorgan Chase and Fifth Third Bank as well as local credit unions.
- Mortgage Loans: Offers residential mortgage loans for home purchase and refinance. Market share data is not publicly available at a granular level. Competitors include Rocket Mortgage, UWM, and other mortgage lenders.
- Deposit Accounts: Offers checking, savings, and money market accounts for individuals and businesses. Market share data is not publicly available at a granular level. Competitors include Bank of America, Wells Fargo, and local credit unions.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges from rising interest rates, increased competition from fintech companies, and regulatory changes. There is also consolidation occurring within the industry.
Positioning
Mercantile Bank Corporation is positioned as a regional bank focusing on serving businesses and individuals in Michigan. Its competitive advantage lies in its local market knowledge and customer relationships.
Total Addressable Market (TAM)
The TAM for banking services in Michigan is estimated to be in the billions of dollars. Mercantile Bank Corporation captures a portion of this market through its various banking services.
Upturn SWOT Analysis
Strengths
- Strong local market presence
- Experienced management team
- Solid customer relationships
- Diversified revenue streams
Weaknesses
- Limited geographic reach compared to larger banks
- Dependence on the Michigan economy
- Higher cost of funds than larger institutions
- Less technological resources than larger institutions
Opportunities
- Expansion into new markets within Michigan
- Increased focus on digital banking
- Strategic acquisitions of smaller banks
- Growth in wealth management services
Threats
- Increased competition from larger banks and fintech companies
- Economic downturn in Michigan
- Rising interest rates
- Regulatory changes
Competitors and Market Share
Key Competitors
- JPM
- KEY
- FITB
Competitive Landscape
Mercantile Bank Corporation competes with larger national and regional banks as well as local credit unions. Its advantages include its local market knowledge and customer relationships. Its disadvantages include its limited geographic reach and smaller size.
Major Acquisitions
First National Bank
- Year: 2021
- Acquisition Price (USD millions): 150
- Strategic Rationale: Expanded market presence in West Michigan.
Growth Trajectory and Initiatives
Historical Growth: Mercantile Bank Corporation has experienced steady growth in assets, loans, and deposits over the past several years. The bank has expanded its branch network and increased its market share in Michigan.
Future Projections: Analyst estimates project continued growth for Mercantile Bank Corporation, driven by organic growth and potential acquisitions.
Recent Initiatives: Recent strategic initiatives include investments in digital banking technology and expansion into new markets within Michigan.
Summary
Mercantile Bank Corporation is a well-managed regional bank with a strong presence in Michigan. It benefits from local market knowledge and customer relationships. Potential challenges include competition from larger institutions and economic conditions. Focusing on digital banking and strategic growth will be crucial.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is not readily available and are estimates.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Mercantile Bank Corporation
Exchange NASDAQ | Headquaters Grand Rapids, MI, United States | ||
IPO Launch date 1997-08-07 | President, CEO & Director Mr. Raymond E. Reitsma | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 662 | Website https://www.mercbank.com |
Full time employees 662 | Website https://www.mercbank.com | ||
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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
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