MERCANTILE BANK CORP(MBWM)Stock Analysis
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This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
MBWM Stock Analysis & AI Quality Score
AI stock analysis and institutional research for MERCANTILE BANK CORP (MBWM), a Financials sector company. MBWM is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), MERCANTILE BANK CORP reports quarterly revenue of $67.6M, net income of $22.7M, an operating margin of 40.4%. Top institutional holders of MBWM by reported 13-F value include BlackRock,, WELLINGTON MANAGEMENT GROUP LLP, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. MBWM trades on the Nasdaq exchange and files with the SEC under CIK 1042729. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MBWM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MERCANTILE BANK CORP directly from SEC EDGAR.
Revenue
Q1 2026
$67.6M
Net Income
Q1 2026
$22.7M
Free Cash Flow
Q1 2026
$28.3M
Operating Margin
Q1 2026
40.4%
ROIC
Q1 2026
3.7%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+11.5% YoYEPS (Diluted)
+11.0% YoYTotal Assets
+12.9% YoYOp. Cash Flow
-82.2% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Income | $88.8M +11.5% | $79.6M -3.2% | $82.2M +34.6% | $61.1M +3.5% | $59.0M +33.7% | $44.1M |
| EPS (Diluted) | $5.47 +11.0% | $4.93 -3.9% | $5.13 +33.2% | $3.85 +4.3% | $3.69 +36.2% | $2.71 |
| Total Assets | $6.84B +12.9% | $6.05B +13.1% | $5.35B +9.9% | $4.87B -7.3% | $5.26B +18.5% | $4.44B |
| Operating Cash Flow | $18.0M -82.2% | $101.1M +51.8% | $66.6M -44.4% | $119.9M +85.6% | $64.6M +70.5% | $37.9M |
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Available Research
13F Pro tracks comprehensive data for MERCANTILE BANK CORP including:
Top Institutional Holders of MBWM
BlackRock, Inc.
$70.1M1,388,714 shWELLINGTON MANAGEMENT GROUP LLP
$60.0M1,189,031 shDIMENSIONAL FUND ADVISORS LP
$52.2M1,032,888 shVANGUARD CAPITAL MANAGEMENT LLC
$35.6M704,324 shAMERICAN CENTURY COMPANIES INC
$28.4M561,467 shSTATE STREET CORP
$25.4M502,468 shRENAISSANCE TECHNOLOGIES LLC
$23.8M472,213 shGEODE CAPITAL MANAGEMENT, LLC
$22.0M435,012 shNORTH STAR ASSET MANAGEMENT INC
$19.4M383,180 shVANGUARD PORTFOLIO MANAGEMENT LLC
$13.9M275,321 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $70.1M | 1,388,714 |
| WELLINGTON MANAGEMENT GROUP LLP | $60.0M | 1,189,031 |
| DIMENSIONAL FUND ADVISORS LP | $52.2M | 1,032,888 |
| VANGUARD CAPITAL MANAGEMENT LLC | $35.6M | 704,324 |
| AMERICAN CENTURY COMPANIES INC | $28.4M | 561,467 |
| STATE STREET CORP | $25.4M | 502,468 |
| RENAISSANCE TECHNOLOGIES LLC | $23.8M | 472,213 |
| GEODE CAPITAL MANAGEMENT, LLC | $22.0M | 435,012 |
| NORTH STAR ASSET MANAGEMENT INC | $19.4M | 383,180 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $13.9M | 275,321 |
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Popular Research
Is MBWM a good stock to buy?
13F Pro's AI-powered analysis of MERCANTILE BANK CORP (MBWM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MBWM are available on the MBWM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MBWM?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MBWM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MERCANTILE BANK CORP's investment landscape.