Is Mercantile Bank Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Mercantile Bank Corp (MBWM) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Mercantile Bank Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Mercantile Bank Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Mercantile Bank Corp?

Muslim investors may consider investing in Mercantile Bank Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Mercantile Bank Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Mercantile Bank Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Mercantile Bank Corp updated?

The Shariah compliance status of Mercantile Bank Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Mercantile Bank Corp become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Mercantile Bank Corp?

You can check the latest Shariah compliance status of Mercantile Bank Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

MBWM Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 06, 2026

Report Source: 2026 1st Quarter Report

Analyst's Ratings for Mercantile Bank Corp (MBWM)

Based on 11 analysts giving stock ratings to Mercantile Bank Corp in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Mercantile Bank Corp. Stock Analysis MBWM

United States Financials Small Cap Report: Q1, 2026

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. The company is headquartered in Grand Rapids, Michigan and currently employs 744 full-time employees. The firm provides commercial banking services, primarily to small- to medium-sized businesses, and retail banking services. The company also provides secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The company also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. The company offers courier service to commercial customers and safe deposit boxes. Its subsidiaries include Eastern Michigan Bank, Mercantile Bank, Mercantile Community Partners LLC, Mercantile Bank Capital Trust I, Firstbank Capital Trust I, Firstbank Capital Trust II, Firstbank Capital Trust III, and Firstbank Capital Trust IV, Mercantile Insurance Center, Inc., West Lake Associates, LLC, Eastern Michigan Real Estate Company, and Eastern Michigan Exchange Services, LLC.

Key Statistics of Mercantile Bank Corp (MBWM)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$49.60$51.90

Today's Open

$50.95

Volume

89.18K

P/E Ratio (TTM)

10.11

52 Week Range

$41.35$55.77

Market Cap

898.09M

Avg. Volume

109.79K

Dividend Yield

2.67%

Financial Metrics & Statements of Mercantile Bank Corp (MBWM)

FAQ's for Mercantile Bank Corp (MBWM)

According to Musaffa’s Shariah screening methodology, Mercantile Bank Corp (MBWM) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.