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Upturn AI SWOT - About
MBWM 
Mercantile Bank Corporation (MBWM)
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Upturn Advisory Summary
10/14/2025: MBWM (1-star) is currently NOT-A-BUY. Pass it for now.
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
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $55.6
1 Year Target Price $55.6
| 1 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -17.1% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 732.49M USD | Price to earnings Ratio 8.96 | 1Y Target Price 55.6 |
Price to earnings Ratio 8.96 | 1Y Target Price 55.6 | ||
Volume (30-day avg) 5 | Beta 0.88 | 52 Weeks Range 37.15 - 51.33 | Updated Date 10/14/2025 |
52 Weeks Range 37.15 - 51.33 | Updated Date 10/14/2025 | ||
Dividends yield (FY) 3.31% | Basic EPS (TTM) 5.03 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-21 | When Before Market | Estimate 1.37 | Actual - |
Profitability
Profit Margin 35.64% | Operating Margin (TTM) 43.75% |
Management Effectiveness
Return on Assets (TTM) 1.38% | Return on Equity (TTM) 13.77% |
Valuation
Trailing PE 8.96 | Forward PE 10.87 | Enterprise Value 1180275456 | Price to Sales(TTM) 3.21 |
Enterprise Value 1180275456 | Price to Sales(TTM) 3.21 | ||
Enterprise Value to Revenue 5.21 | Enterprise Value to EBITDA - | Shares Outstanding 16248613 | Shares Floating 15710784 |
Shares Outstanding 16248613 | Shares Floating 15710784 | ||
Percent Insiders 3.25 | Percent Institutions 65.95 |
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 company operates as the bank holding company for Mercantile Bank of Michigan, providing commercial and retail banking services.
Core Business Areas
- Commercial Banking: Provides loans, deposit accounts, cash management, and other financial services to businesses of various sizes.
- Retail Banking: Offers deposit accounts, loans, and other financial services to individuals and families.
- Mortgage Banking: Originate and sell mortgage loans in the secondary market.
- Wealth Management: Investment management, trust and estate planning, and other financial advisory services.
Leadership and Structure
Raymond Reitsma serves as the President and CEO. The bank has a board of directors overseeing the company's strategy and operations.
Top Products and Market Share
Key Offerings
- Commercial Loans: Loans to businesses for working capital, equipment purchases, and real estate. Market share data not readily available. Competitors include regional and national banks like Fifth Third Bank, Huntington Bank, and JP Morgan Chase.
- Mortgages: Residential mortgage loans for home purchases and refinances. Market share data not readily available. Competitors include Rocket Mortgage, UWM, and other local/national mortgage lenders.
- Deposit Accounts: Checking, savings, and money market accounts for consumers and businesses. Market share data not readily available. Competitors include local and national banks like Fifth Third Bank and Bank of America
Market Dynamics
Industry Overview
The banking industry is currently experiencing a period of rising interest rates, increased regulatory scrutiny, and growing competition from fintech companies. There is consolidation occurring in the industry.
Positioning
Mercantile Bank Corporation positions itself as a relationship-focused community bank, emphasizing personalized service and local expertise. Their competitive advantage comes from their local market knowledge and personalized service
Total Addressable Market (TAM)
The TAM for banking services in Michigan is estimated to be in the billions of dollars. Mercantile Bank Corporation is positioned to serve small- to medium-sized businesses and individuals within this TAM, focusing on its local market.
Upturn SWOT Analysis
Strengths
- Strong local market presence
- Relationship-focused banking model
- Experienced management team
- Solid financial performance
Weaknesses
- Smaller scale compared to national banks
- Limited geographic diversification
- Susceptibility to regional economic downturns
- Reliance on traditional banking channels
Opportunities
- Expanding into new markets within Michigan
- Investing in digital banking technologies
- Acquiring smaller community banks
- Growing wealth management business
Threats
- Increasing competition from larger banks and fintech companies
- Rising interest rates and economic slowdown
- Increased regulatory burden
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- FTHM
- HBAN
- JPM
Competitive Landscape
Mercantile Bank faces competition from larger national and regional banks and smaller community banks. Its competitive advantage is its focus on relationship banking and its deep knowledge of the local market. Disadvantages come from its size which constrains its ability to offer all services of larger companies
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends require specific financial data. Insert details about revenue growth and asset growth over the past years when available.
Future Projections: Future growth projections require analyst estimates. Insert projected revenue growth and EPS growth when available.
Recent Initiatives: Recent strategic initiatives include focusing on commercial lending, digital banking, and improving operating efficiency.
Summary
Mercantile Bank Corporation is a regional bank with a strong local presence in Michigan. Its relationship-focused banking model and experienced management team are key strengths. However, its smaller scale and limited geographic diversification pose challenges, and it needs to watch out for increased competition, rising interest rates, and cybersecurity risks.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate based on available information and may not be precise. Actual performance may vary.
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 692 | Website https://www.mercbank.com |
Full time employees 692 | 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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