Mercantile Bank Corp (NASDAQ: MBWM) has reported earnings for its third fiscal quarter (ending September 30) of $1.46 versus $1.22 for the same period a year ago — an increase of 20%. This result exceeded the consensus estimate of $1.38 by $0.08. For the latest four quarters through September 30, E.P.S. were $5.28 versus $4.97 for the same period a year ago — an increase of 6%.
Recent Price Action
Mercantile Bank Corp (NASDAQ: MBWM) stock rose modestly by 0.6% on 10/21/25. The stock closed at $44.91. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Mercantile Bank has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Mercantile Bank has a good Appreciation Score of 80 but a neutral Power Rating of 44, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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