Mercantile Bank (MBWM) Latest Stock Analysis Report – Oct 15, 2026, 4:00 PM ET
Updated Oct 15, 2026, 4:00 PM ET
- Closed at $58.32, +1.09% vs the prior close of $57.69.
- Volume 98.60K shares, 0.9x its 50-day average.
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
MBWM rises 1.1% to $58.32. Closed at $58.32, +1.09% vs the prior close of $57.69. Day range $57.87–$58.82, opened at $58.06.
MBWM daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 15, 2026 — MBWM rises 1.1% to $58.32
- Closed at $58.32, +1.09% vs the prior close of $57.69. Day range $57.87–$58.82, opened at $58.06.
- Volume was 98.60K shares, 0.9x its 50-day average of 110.96K.
- Price is -2.7% vs its 50-day average ($59.95) and +6.4% vs its 200-day average ($54.80).
- 52-week range $42.75–$62.95; today's close sits at 77% of that range, 7.4% below the 52-week high.
Oct 14, 2026 — MBWM dips 0.6% to $57.69, a 1-month low
- Closed at $57.69, -0.59% vs the prior close of $58.03. Day range $57.00–$58.24, opened at $57.30.
- Volume was 150.00K shares, 1.3x its 50-day average of 111.35K.
- Price is -3.9% vs its 50-day average ($60.02) and +5.4% vs its 200-day average ($54.75).
- 52-week range $42.75–$62.95; today's close sits at 74% of that range, 8.4% below the 52-week high.
Oct 13, 2026 — MBWM dips 0.4% to $58.03
- Closed at $58.03, -0.45% vs the prior close of $58.29. Day range $57.70–$58.79, opened at $58.63.
- Volume was 83.40K shares, 0.7x its 50-day average of 111.68K.
- Price is -3.5% vs its 50-day average ($60.11) and +6.1% vs its 200-day average ($54.71).
- 52-week range $42.75–$62.95; today's close sits at 76% of that range, 7.8% below the 52-week high.
Oct 12, 2026 — MBWM rises 0.9% to $58.29
- Closed at $58.29, +0.88% vs the prior close of $57.78. Day range $57.74–$58.66, opened at $57.78.
- Volume was 94.90K shares, 0.9x its 50-day average of 111.60K.
- Price is -3.1% vs its 50-day average ($60.16) and +6.6% vs its 200-day average ($54.66).
- 52-week range $42.75–$62.95; today's close sits at 77% of that range, 7.4% below the 52-week high.
Oct 9, 2026 — MBWM dips 0.7% to $57.78, a 1-month low
- Closed at $57.78, -0.72% vs the prior close of $58.20. Day range $57.70–$58.19, opened at $58.01.
- Volume was 132.80K shares, 1.2x its 50-day average of 110.68K.
- Price is -4.0% vs its 50-day average ($60.20) and +5.8% vs its 200-day average ($54.62).
- 52-week range $42.75–$62.95; today's close sits at 74% of that range, 8.2% below the 52-week high.
Oct 8, 2026 — MBWM ends flat (+0.3%) to $58.20
- Closed at $58.20, +0.29% vs the prior close of $58.03. Day range $57.75–$58.88, opened at $57.87.
- Volume was 146.30K shares, 1.3x its 50-day average of 110.79K.
- Price is -3.4% vs its 50-day average ($60.23) and +6.6% vs its 200-day average ($54.58).
- 52-week range $42.75–$62.95; today's close sits at 76% of that range, 7.5% below the 52-week high.
Oct 7, 2026 — MBWM dips 1.4% to $58.03, a 1-month low, 3 down days in a row
- Closed at $58.03, -1.36% vs the prior close of $58.83. Day range $57.65–$59.50, opened at $58.18.
- Volume was 111.40K shares, 1.0x its 50-day average of 111.33K.
- Price is -3.7% vs its 50-day average ($60.28) and +6.4% vs its 200-day average ($54.53).
- 52-week range $42.75–$62.95; today's close sits at 76% of that range, 7.8% below the 52-week high.
- That makes 3 straight losses.
Oct 6, 2026 — MBWM dips 0.4% to $58.83
- Closed at $58.83, -0.44% vs the prior close of $59.09. Day range $58.79–$59.60, opened at $59.36.
- Volume was 85.30K shares, 0.8x its 50-day average of 112.70K.
- Price is -2.5% vs its 50-day average ($60.32) and +8.0% vs its 200-day average ($54.49).
- 52-week range $42.75–$62.95; today's close sits at 80% of that range, 6.5% below the 52-week high.
Oct 5, 2026 — MBWM dips 0.7% to $59.09
- Closed at $59.09, -0.69% vs the prior close of $59.50. Day range $58.50–$59.82, opened at $59.39.
- Volume was 91.10K shares, 0.8x its 50-day average of 113.88K.
- Price is -2.0% vs its 50-day average ($60.32) and +8.5% vs its 200-day average ($54.44).
- 52-week range $42.75–$62.95; today's close sits at 81% of that range, 6.1% below the 52-week high.
Oct 2, 2026 — MBWM rises 1.0% to $59.50
- Closed at $59.50, +1.02% vs the prior close of $58.90. Day range $58.99–$60.05, opened at $59.34.
- Volume was 107.30K shares, 0.9x its 50-day average of 114.36K.
- Price is -1.3% vs its 50-day average ($60.31) and +9.4% vs its 200-day average ($54.40).
- 52-week range $42.75–$62.95; today's close sits at 83% of that range, 5.5% below the 52-week high.
MBWM latest news & SEC filings
Every SEC filing by or about MBWM in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Sep 29, 2026 · Form S-3ASR — S-3ASR filing
S-3ASR filing
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Sep 25, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
Jul 31, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Jun 30, 2026:
- Net income: $25.93M (prior year $22.62M) (+14.6% vs Jun 30, 2025)
- Diluted EPS: $1.50 (prior year $1.39) (+7.9% vs Jun 30, 2025)
Jul 21, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 2.02 — Reported results of operations (earnings release).
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
This is a results-day filing: the earnings press release is attached as an exhibit.
Things to know before you trade MBWM
- Last results release: Jul 21, 2026 (8-K Item 2.02). Previous ones: Apr 21, 2026, Jan 20, 2026, Oct 21, 2025. Based on that rhythm, the next report is likely around Oct 20, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 0.83% (largest 1.4%). That is a relatively calm stock.
- Liquidity: about 111.84K shares (≈$6.52M) trade per day on average.
- 52-week position: $58.32 vs a range of $42.75–$62.95 (77% of the range).
- Dividends: last ex-dividend date Sep 4, 2026 ($0.4/share); 4 payments in the past 12 months.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 1 open-market buys, 2 sales; latest: Michael H Price sold 3,160 shares on Nov 13, 2025.
- Latest filings: 8-K Sep 25, 2026; 10-Q Jul 31, 2026; 8-K Jul 21, 2026.
- Share count: 17.29M shares outstanding (Jul 24, 2026), +6.4% vs a year earlier — notable dilution.
- Listing: Nasdaq · industry: State Commercial Banks.
MBWM market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 15, 2026 | 58.06 | 58.82 | 57.87 | 58.32 | 98.60K |
| Oct 14, 2026 | 57.30 | 58.24 | 57.00 | 57.69 | 150.00K |
| Oct 13, 2026 | 58.63 | 58.79 | 57.70 | 58.03 | 83.40K |
| Oct 12, 2026 | 57.78 | 58.66 | 57.74 | 58.29 | 94.90K |
| Oct 9, 2026 | 58.01 | 58.19 | 57.70 | 57.78 | 132.80K |
| Oct 8, 2026 | 57.87 | 58.88 | 57.75 | 58.20 | 146.30K |
| Oct 7, 2026 | 58.18 | 59.50 | 57.65 | 58.03 | 111.40K |
| Oct 6, 2026 | 59.36 | 59.60 | 58.79 | 58.83 | 85.30K |
| Oct 5, 2026 | 59.39 | 59.82 | 58.50 | 59.09 | 91.10K |
| Oct 2, 2026 | 59.34 | 60.05 | 58.99 | 59.50 | 107.30K |
| Oct 1, 2026 | 58.30 | 59.11 | 57.52 | 58.90 | 139.10K |
| Sep 30, 2026 | 58.89 | 59.34 | 58.19 | 58.32 | 156.00K |
| Sep 29, 2026 | 59.22 | 59.60 | 58.38 | 58.89 | 114.50K |
| Sep 28, 2026 | 60.03 | 60.03 | 59.10 | 59.38 | 81.40K |
| Sep 25, 2026 | 59.68 | 60.45 | 59.68 | 60.03 | 91.70K |
| Sep 24, 2026 | 58.85 | 59.56 | 58.76 | 59.52 | 81.60K |
| Sep 23, 2026 | 59.11 | 59.15 | 58.63 | 58.68 | 77.30K |
| Sep 22, 2026 | 60.03 | 60.27 | 59.07 | 59.12 | 75.90K |
| Sep 21, 2026 | 60.01 | 60.46 | 59.65 | 59.67 | 92.80K |
| Sep 18, 2026 | 60.01 | 60.55 | 59.29 | 60.03 | 225.50K |
About Mercantile Bank
Mercantile Bank (MBWM) is listed on the Nasdaq and classified by the SEC under “State Commercial Banks”. Its business address is in GRAND RAPIDS, MI. State of incorporation: MI. Fiscal year ends December 31. SEC CIK 1042729.
MBWM board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Michael S. Davenport | Director | May 27, 2026 |
| Michelle Larabee Eldridge | Director | May 27, 2026 |
| Joseph D Jones | Director | May 27, 2026 |
| Richard D Macdonald | Director | May 27, 2026 |
| Michael H Price | Director | May 27, 2026 |
| David B Ramaker | Director | May 27, 2026 |
| Raymond E. Reitsma | President and CEO | Feb 18, 2026 |
| Nelson F Sanchez | Director | May 27, 2026 |
| Sara A Schmidt | Director | May 27, 2026 |
| Steven Schweihofer | Director | May 27, 2026 |
| Amy L Sparks | Director | May 27, 2026 |
| Shoran R Williams | Director | May 27, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Mark S Augustyn | EVP&Chief Comm Banking Officer | Feb 9, 2026 |
| Charles E Christmas | EVP & CFO | Feb 18, 2026 |
| Brett Hoover | EVP & CHIEF HR OFFICER | Feb 9, 2026 |
| Tara M Randall | EVP & Chief Experience Officer | Feb 9, 2026 |
| Raymond E. Reitsma | President and CEO | Feb 18, 2026 |
| Scott P Setlock | EVP, COO, & SECRETARY | Feb 9, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Nov 13, 2025 | Michael H Price | Sale | 3,160 | $45.85 |
| Nov 13, 2025 | Michael H Price | Sale | 1,417 | $45.81 |
| Oct 31, 2025 | Nelson F Sanchez | Buy | 1,000 | $43.50 |
MBWM financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Dec 31, 2025 | — | $88.75M | 5.47 | $17.97M |
| Dec 31, 2024 | — | $79.59M | 4.93 | $101.12M |
| Dec 31, 2023 | — | $82.22M | 5.13 | $66.61M |
| Dec 31, 2022 | — | $61.06M | 3.85 | $119.86M |
| Dec 31, 2021 | — | $59.02M | 3.69 | $64.57M |
Latest balance sheet: total assets $6.82B, total liabilities $6.06B, cash $114.78M (as of Jun 30, 2026).
MBWM earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Jul 21, 2026 | 8-K Item 2.02 (results) | $59.68 |
| Apr 21, 2026 | 8-K Item 2.02 (results) | $51.43 |
| Jan 20, 2026 | 8-K Item 2.02 (results) | $50.63 |
| Oct 21, 2025 | 8-K Item 2.02 (results) | $44.91 |
| Jul 22, 2025 | 8-K Item 2.02 (results) | $47.86 |
| Apr 22, 2025 | 8-K Item 2.02 (results) | $41.67 |
| Jan 21, 2025 | 8-K Item 2.02 (results) | $46.76 |
| Oct 15, 2024 | 8-K Item 2.02 (results) | — |
| Jul 16, 2024 | 8-K Item 2.02 (results) | — |
| Apr 16, 2024 | 8-K Item 2.02 (results) | — |
| Jan 16, 2024 | 8-K Item 2.02 (results) | — |
| Oct 17, 2023 | 8-K Item 2.02 (results) | — |
Related stocks · State Commercial Banks
Bank of New York Mellon (BNY)State Street (STT)Itau Unibanco (ITUB)Fifth Third Bancorp (FITB)M&T Bank (MTB)Citizens Financial (CFG)Northern (NTRS)Bank Bradesco (BBD)Ally Financial (ALLY)Home Bancshares (HOMB)
Popular today
Micron Technology (MU)Spdr S&P 500 Etf (SPY)Nvidia (NVDA)Sandisk (SNDK)AMD (AMD)Space Exploration Technologies (SPCX)Intel (INTC)Apple (AAPL)Microsoft (MSFT)Meta Platforms (META)Broadcom (AVGO)Tesla (TSLA)
More on MBWM
Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 15, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.