Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and multi-family and residential rental property real estate loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 27 automated teller machines and 13 video banking machines. The company operates 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
IPO Year: 1998
Exchange: NASDAQ
Website: mercbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | $54.00 | Market Perform → Outperform | Hovde Group |
| 5/8/2024 | Buy → Neutral | Janney | |
| 3/4/2024 | Outperform → Market Perform | Hovde Group | |
| 1/16/2024 | Neutral → Buy | Janney | |
| 3/7/2023 | $38.00 → $40.00 | Neutral → Overweight | Piper Sandler |
| 1/18/2023 | Outperform → Mkt Perform | Raymond James | |
| 10/6/2022 | $44.00 → $35.00 | Strong Buy → Outperform | Raymond James |
| 7/28/2022 | $41.00 | Market Perform → Outperform | Hovde Group |
| 3/2/2022 | $44.00 | Outperform → Strong Buy | Raymond James |
| 1/19/2022 | $44.00 | Market Perform → Outperform | Raymond James |
S-8 - MERCANTILE BANK CORP (0001042729) (Filer)
11-K - MERCANTILE BANK CORP (0001042729) (Filer)
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
10-Q - MERCANTILE BANK CORP (0001042729) (Filer)
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
DEF 14A - MERCANTILE BANK CORP (0001042729) (Filer)
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
10-K - MERCANTILE BANK CORP (0001042729) (Filer)
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
Hovde Group upgraded Mercantile Bank from Market Perform to Outperform and set a new price target of $54.00
Janney downgraded Mercantile Bank from Buy to Neutral
Hovde Group downgraded Mercantile Bank from Outperform to Market Perform
Janney upgraded Mercantile Bank from Neutral to Buy
Piper Sandler upgraded Mercantile Bank from Neutral to Overweight and set a new price target of $40.00 from $38.00 previously
Raymond James downgraded Mercantile Bank from Outperform to Mkt Perform
Raymond James downgraded Mercantile Bank from Strong Buy to Outperform and set a new price target of $35.00 from $44.00 previously
Hovde Group upgraded Mercantile Bank from Market Perform to Outperform and set a new price target of $41.00
Raymond James upgraded Mercantile Bank from Outperform to Strong Buy and set a new price target of $44.00
Raymond James upgraded Mercantile Bank from Market Perform to Outperform and set a new price target of $44.00
GRAND RAPIDS, Mich., Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that President and Chief Executive Officer ("CEO") Robert B. Kaminski. Jr., intends to retire effective June 1, 2024. Mr. Kaminski will remain on the Board of Directors. In conjunction with Mr. Kaminski's retirement, Raymond E. Reitsma will be appointed President and CEO of Mercantile effective June 1, 2024. Mr. Reitsma will continue to serve in his current role as Executive Vice President and Chief Operating Officer until June 1, 2024. Mr. Kaminski commented, "The management succession process is an ongoing responsibility which is v
GRAND RAPIDS, Mich., Dec. 1, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile"), announced today the appointments of Amy L. Sparks, CPA and Nelson F. Sanchez, CPA to the Bank's Board of Directors in the second half of 2022. "We are thrilled to welcome two new Directors who bring a wealth of experience in business, finance and manufacturing as we expand the diversification of perspectives across our Board. Amy's executive leadership of solidifying financial performance, organizational development, diversifying into new markets and increased employee e
GRAND RAPIDS, Mich., June 30, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, July 22, 2025, to discuss second quarter 2025 financial results. The Company's second quarter 2025 earnings release will be released before markets open on Tuesday, July 22, 2025, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on July 22, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the "Mercantile B
Growth in net interest income, notable increases in certain noninterest income categories, sustained strength in asset quality metrics, and continuing solid capital position highlight the quarter GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $19.5 million, or $1.21 per diluted share, for the first quarter of 2025, compared with net income of $21.6 million, or $1.34 per diluted share, for the first quarter of 2024. "We are pleased to report sustained strength in financial metrics during the fi
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.6 percent GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on April 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025. The $0.37 cash dividend is 5.7 percent higher than the cash dividend paid during the second quarter of 2024. "We are very pleased that ou
GRAND RAPIDS, Mich., March 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, April 22, 2025, to discuss first quarter 2025 financial results. The Company's first quarter 2025 earnings release will be released before markets open on Tuesday, April 22, 2025, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on April 22, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the "Mercantile
Strong commercial loan and local deposit growth, notable increase in noninterest income, and ongoing strength in asset quality metrics highlight the year GRAND RAPIDS, Mich., Jan. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the fourth quarter of 2024, compared with net income of $20.0 million, or $1.25 per diluted share, for the respective prior-year period. For the full-year 2024, Mercantile reported net income of $79.6 million, or $4.93 per diluted share, compared with net income of $82.2 million, or $5.13 per diluted share, for the full-year 2023.
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.4 percent GRAND RAPIDS, Mich., Jan. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on January 16, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on March 19, 2025, to holders of record as of March 7, 2025. The $0.37 cash dividend is 2.8 percent and 5.7 percent higher than the cash dividends paid during the fourth quarter and first quarter of 2024, respectively.
GRAND RAPIDS, Mich., Jan. 2, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, January 21, 2025, to discuss fourth quarter and full year 2024 financial results. The Company's fourth quarter and full year 2024 earnings release will be released before markets open on Tuesday, January 21, 2025, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on January 21, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8
Robust local deposit and commercial loan growth and sustained strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich., Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the third quarter of 2024, compared with net income of $20.9 million, or $1.30 per diluted share, for the third quarter of 2023. Net income during the first nine months of 2024 totaled $60.0 million, or $3.72 per diluted share, compared with net income of $62.2 million, or $3.89 per diluted share, during the first nine months of 2023.
Board declares $0.36 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.5 percent GRAND RAPIDS, Mich., Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on October 10, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on December 18, 2024, to holders of record as of December 6, 2024. The $0.36 cash dividend represents an increase of nearly 6 percent from the cash dividend paid during the fourth quarter of 2023.
GRAND RAPIDS, Mich., Sept. 30, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, October 15, 2024, to discuss third quarter 2024 financial results. The Company's third quarter 2024 earnings release will be released before markets open on Tuesday, October 15, 2024, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on October 15, 2024, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the "Merc
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
GRAND RAPIDS, Mich., June 30, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, July 22, 2025, to discuss second quarter 2025 financial results. The Company's second quarter 2025 earnings release will be released before markets open on Tuesday, July 22, 2025, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on July 22, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the "Mercantile B
Growth in net interest income, notable increases in certain noninterest income categories, sustained strength in asset quality metrics, and continuing solid capital position highlight the quarter GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $19.5 million, or $1.21 per diluted share, for the first quarter of 2025, compared with net income of $21.6 million, or $1.34 per diluted share, for the first quarter of 2024. "We are pleased to report sustained strength in financial metrics during the fi
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.6 percent GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on April 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025. The $0.37 cash dividend is 5.7 percent higher than the cash dividend paid during the second quarter of 2024. "We are very pleased that ou
GRAND RAPIDS, Mich., March 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, April 22, 2025, to discuss first quarter 2025 financial results. The Company's first quarter 2025 earnings release will be released before markets open on Tuesday, April 22, 2025, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on April 22, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the "Mercantile
Strong commercial loan and local deposit growth, notable increase in noninterest income, and ongoing strength in asset quality metrics highlight the year GRAND RAPIDS, Mich., Jan. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the fourth quarter of 2024, compared with net income of $20.0 million, or $1.25 per diluted share, for the respective prior-year period. For the full-year 2024, Mercantile reported net income of $79.6 million, or $4.93 per diluted share, compared with net income of $82.2 million, or $5.13 per diluted share, for the full-year 2023.
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.4 percent GRAND RAPIDS, Mich., Jan. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on January 16, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on March 19, 2025, to holders of record as of March 7, 2025. The $0.37 cash dividend is 2.8 percent and 5.7 percent higher than the cash dividends paid during the fourth quarter and first quarter of 2024, respectively.
GRAND RAPIDS, Mich., Jan. 2, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, January 21, 2025, to discuss fourth quarter and full year 2024 financial results. The Company's fourth quarter and full year 2024 earnings release will be released before markets open on Tuesday, January 21, 2025, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on January 21, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8
Robust local deposit and commercial loan growth and sustained strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich., Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the third quarter of 2024, compared with net income of $20.9 million, or $1.30 per diluted share, for the third quarter of 2023. Net income during the first nine months of 2024 totaled $60.0 million, or $3.72 per diluted share, compared with net income of $62.2 million, or $3.89 per diluted share, during the first nine months of 2023.
Board declares $0.36 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.5 percent GRAND RAPIDS, Mich., Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on October 10, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on December 18, 2024, to holders of record as of December 6, 2024. The $0.36 cash dividend represents an increase of nearly 6 percent from the cash dividend paid during the fourth quarter of 2023.
GRAND RAPIDS, Mich., Sept. 30, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, October 15, 2024, to discuss third quarter 2024 financial results. The Company's third quarter 2024 earnings release will be released before markets open on Tuesday, October 15, 2024, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on October 15, 2024, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the "Merc
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)