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MBWM
Volume: 73.16K
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Mercantile Bank (MBWM) Stock Forecast & Price Target

Mercantile Bank (MBWM) Analyst Ratings

Based on 3 analyst ratings
Buy
Strong Buy 0%
Buy 67%
Hold 33%
Sell 0%
Strong Sell 0%

Bulls say

Mercantile Bank exhibited solid financial performance with a 5% growth in End-of-Period (EOP) loans held for investment, exceeding expectations, alongside a 6% increase in average loan balances. The bank's pretax pre-provision net revenue (PPNR) increased by 5.4% quarter-over-quarter to $27.6 million, driven by stronger fee income, which rose 32% and surpassed forecasts, reflecting robust growth in mortgage banking and other noninterest income sources. Additionally, the bank's tangible book value (TBV) increased by 4.1%, while profitability metrics remained strong, with reported return on assets (ROA) and return on tangible common equity (ROTCE) at 1.50% and 16.0%, respectively.

Bears say

Mercantile Bank Corp's net interest income (NII) of $49.5 million for the quarter was 1% below expectations, attributed to lower-than-anticipated growth in average earning assets (AEAs) and an overall decline in core fee income, which is projected to decrease by 1% year-over-year. The company's lending commitments have experienced a slight decrease, leading to lowered loan growth guidance for the upcoming quarter; while there is potential for some improvement in the fourth quarter, the anticipated slowdown in loan growth raises concerns about revenue sustainability. Additionally, the declining loan-to-deposit (L/D) ratio forecast to trend down to 96% by the fourth quarter of 2026 further underscores the challenges Mercantile faces in maintaining robust financial performance in an uncertain economic environment.

Mercantile Bank (MBWM) has been analyzed by 3 analysts, with a consensus rating of Buy. 0% of analysts recommend a Strong Buy, 67% recommend Buy, 33% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Mercantile Bank and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Mercantile Bank (MBWM) Forecast

Analysts have given Mercantile Bank (MBWM) a Buy based on their latest research and market trends.

According to 3 analysts, Mercantile Bank (MBWM) has a Buy consensus rating as of Nov 5, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $54.67, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $54.67, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Mercantile Bank (MBWM)

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