Hovde Group downgraded Mercantile Bank from Outperform to Market Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/18/2025 | $53.00 → $56.00 | Outperform | Hovde Group |
| 7/24/2025 | $55.00 | Mkt Perform → Outperform | Raymond James |
| 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 |
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
424B3 - MERCANTILE BANK CORP (0001042729) (Filer)
Hovde Group reiterated coverage of Mercantile Bank with a rating of Outperform and set a new price target of $56.00 from $53.00 previously
Raymond James upgraded Mercantile Bank from Mkt Perform to Outperform and set a new price target of $55.00
Hovde Group upgraded Mercantile Bank from Market Perform to Outperform and set a new price target of $54.00
GRAND RAPIDS, Mich., Dec. 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today the completion of its previously announced merger with Eastern Michigan Financial Corporation ("Eastern"). This strategic combination brings together two financial institutions with shared values and deep commitments to serving Michigan's families, businesses and communities. The newly acquired Eastern Michigan Bank will operate alongside Mercantile's existing bank, Mercantile Bank, until the first quarter of 2027, at which time Mercantile plans to consol
GRAND RAPIDS, Mich., Dec. 29, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, January 20, 2026, to discuss fourth quarter and full year 2025 financial results. The Company's fourth quarter and full year 2025 earnings release will be released before markets open on Tuesday, January 20, 2026, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live webcast on January 20, 2026, at 10 a.m. ET at ir.mercbank.com. An audio archive wil
GRAND RAPIDS, Mich., Dec. 16, 2025 /PRNewswire/ -- Mercantile Bank Corporation ("Mercantile") (NASDAQ:MBWM) and Eastern Michigan Financial Corporation ("Eastern") (OTCID: EFIN) today jointly announced that the Federal Reserve Bank of Chicago has approved the proposed merger of Mercantile and Eastern. As previously announced, Mercantile and Eastern entered into an Agreement and Plan of Merger (as amended by the First Amendment dated October 5, 2025, the "Merger Agreement"), pursuant to which Eastern will merge with and into Shamrock Merger Sub LLC, a wholly-owned acquisition su
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)
3 - MERCANTILE BANK CORP (0001042729) (Issuer)
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., Dec. 29, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, January 20, 2026, to discuss fourth quarter and full year 2025 financial results. The Company's fourth quarter and full year 2025 earnings release will be released before markets open on Tuesday, January 20, 2026, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live webcast on January 20, 2026, at 10 a.m. ET at ir.mercbank.com. An audio archive wil
Growth in net interest income and certain noninterest income categories and continued strength in asset quality metrics and capital measures highlight the quarter GRAND RAPIDS, Mich., Oct. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $23.8 million, or $1.46 per diluted share, for the third quarter of 2025, compared with net income of $19.6 million, or $1.22 per diluted share, for the third quarter of 2024. Net income during the first nine months of 2025 totaled $65.9 million, or $4.06 per diluted share, compared with net income of $60.0 million, or $3.72 per diluted share, during the first nine months of 2024.
Board declares $0.38 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.4% percent GRAND RAPIDS, Mich., Oct. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on October 16, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.38 per common share, payable on December 17, 2025, to holders of record as of December 5, 2025. The $0.38 cash dividend represents an increase of nearly 6 percent from the cash dividend paid during the fourth quarter of 2024.
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SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)