MERCANTILE BANK CORP(MBWM)Stock Analysis
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Rank #1,315 of 2,962 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MBWM Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for MERCANTILE BANK CORP (MBWM), a Financials sector company. 13F Pro's AI-powered ranking engine scores MBWM at 54.6/100 on a 32-signal composite quality model, placing it at rank #1,315 of 2,962 stocks — the top half of the AI-ranked universe. MBWM scores in the top quartile across profitability (94.3), free cash flow (81.2). Areas of concern include earnings quality (23.1) and revenue scale (27.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 47.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), MERCANTILE BANK CORP reports quarterly revenue of $68.8M, net income of $25.9M, an operating margin of 45.4%. 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. MERCANTILE BANK CORP's 13F Pro composite quality score has ranged between 36 and 55 since 2026, currently 54.6 — an improving long-term trajectory across 8 quarterly and live scoring snapshots.
Revenue
Q2 2026
$68.8M
Net Income
Q2 2026
$25.9M
Operating Margin
Q2 2026
45.4%
ROIC
Q2 2026
16.5%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+4.8% YoYNet 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 |
|---|---|---|---|---|---|---|
| Revenue | $242.7M +4.8% | $231.5M +2.6% | $225.7M +18.6% | $190.3M +5.6% | $180.3M +7.7% | $167.4M |
| 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.
$88.1M1,534,392 shWELLINGTON MANAGEMENT GROUP LLP
$62.5M1,087,998 shDIMENSIONAL FUND ADVISORS LP
$60.1M1,046,841 shVANGUARD CAPITAL MANAGEMENT LLC
$42.2M735,613 shAMERICAN CENTURY COMPANIES INC
$35.9M625,015 shSTATE STREET CORP
$34.4M598,641 shGEODE CAPITAL MANAGEMENT, LLC
$26.8M466,410 shRENAISSANCE TECHNOLOGIES LLC
$25.6M446,613 shNORTH STAR ASSET MANAGEMENT INC
$21.7M377,427 shVANGUARD PORTFOLIO MANAGEMENT LLC
$16.7M290,093 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $88.1M | 1,534,392 |
| WELLINGTON MANAGEMENT GROUP LLP | $62.5M | 1,087,998 |
| DIMENSIONAL FUND ADVISORS LP | $60.1M | 1,046,841 |
| VANGUARD CAPITAL MANAGEMENT LLC | $42.2M | 735,613 |
| AMERICAN CENTURY COMPANIES INC | $35.9M | 625,015 |
| STATE STREET CORP | $34.4M | 598,641 |
| GEODE CAPITAL MANAGEMENT, LLC | $26.8M | 466,410 |
| RENAISSANCE TECHNOLOGIES LLC | $25.6M | 446,613 |
| NORTH STAR ASSET MANAGEMENT INC | $21.7M | 377,427 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $16.7M | 290,093 |
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Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.
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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. MBWM is classified as a small company.
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.