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MBWM Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: May 06, 2026
Report Source: 2026 1st Quarter Report
Mercantile Bank Corp. Stock Analysis MBWM
United States Financials Small Cap Report: 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.
Read More Mercantile Bank Corp (MBWM) Chart
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
Today's Open
$53.99Volume
82.22KP/E Ratio (TTM)
10.4952 Week Range
Market Cap
908.46MAvg. Volume
143.28KDividend Yield
2.65%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.
- 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.
- 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.
- 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.
- The Shariah compliance status of Mercantile Bank Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- 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.