Financial Services - Banks - Regional - NASDAQ - US
$ 49.1
-0.708 %
$ 793 M
Market Cap
9.9
P/E
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to 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 and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans.[ Read More ]
The intrinsic value of one MBWM stock under the base case scenario is HIDDEN Compared to the current market price of 49.1 USD, Mercantile Bank Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart MBWM
FINANCIALS
218 M
REVENUE
103 M
OPERATING INCOME
82.2 M
NET INCOME
66.6 M
OPERATING CASH FLOW
-396 M
INVESTING CASH FLOW
363 M
FINANCING CASH FLOW
58 M
REVENUE
0
OPERATING INCOME
19.6 M
NET INCOME
-4.35 M
OPERATING CASH FLOW
-158 M
INVESTING CASH FLOW
293 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Mercantile Bank Corporation
| Current Assets | 131 M |
| Cash & Short-Term Investments | 131 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 5.83 B |
| Long-Term Investments | 617 M |
| PP&E | 50.9 M |
| Other Non-Current Assets | 5.16 B |
| Current Liabilities | 1.95 B |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 1.95 B |
| Non-Current Liabilities | 2.89 B |
| Long-Term Debt | 516 M |
| Other Non-Current Liabilities | 2.38 B |
EFFICIENCY
Earnings Waterfall
Mercantile Bank Corporation
| Revenue | 218 M |
| Cost Of Revenue | 0 |
| Gross Profit | 218 M |
| Operating Expenses | 94.6 M |
| Operating Income | 103 M |
| Other Expenses | 20.5 M |
| Net Income | 82.2 M |
RATIOS
100.00%
GROSS MARGIN
47.11%
OPERATING MARGIN
37.72%
NET MARGIN
15.75%
ROE
1.53%
ROA
7.92%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Mercantile Bank Corporation
| Net Income | 82.2 M |
| Depreciation & Amortization | 11.5 M |
| Capital Expenditures | -6.69 M |
| Stock-Based Compensation | 3.38 M |
| Change in Working Capital | -20.3 M |
| Others | -38.4 M |
| Free Cash Flow | 59.9 M |
Wall Street Analysts Price Targets
Mercantile Bank Corporation
MBWM has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.81%
DIVIDEND YIELD
0.36 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Mercantile Bank Corporation
Sold
0-3 MONTHS
458 K USD 2
3-6 MONTHS
498 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
20 K USD 1
3-6 MONTHS
3.65 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
3 days ago
Nov 14, 2024
|
Sell 198 K USD
|
KAMINSKI ROBERT B
Director |
- 4000
|
49.51 USD |
|
1 week ago
Nov 04, 2024
|
Sell 10.6 K USD
|
KAMINSKI ROBERT B
Director |
- 250
|
42.51 USD |
|
1 month ago
Oct 02, 2024
|
Sell 10.4 K USD
|
KAMINSKI ROBERT B
Director |
- 250
|
41.77 USD |
|
2 months ago
Sep 03, 2024
|
Sell 11.5 K USD
|
KAMINSKI ROBERT B
Director |
- 250
|
46.05 USD |
|
2 months ago
Aug 26, 2024
|
Sell 137 K USD
|
PRICE MICHAEL H
Director |
- 3000
|
45.58 USD |
|
2 months ago
Aug 26, 2024
|
Sell 91.1 K USD
|
PRICE MICHAEL H
Director |
- 2000
|
45.56 USD |
|
3 months ago
Aug 02, 2024
|
Sell 10.9 K USD
|
KAMINSKI ROBERT B
Director |
- 250
|
43.66 USD |
|
3 months ago
Jul 19, 2024
|
Sell 146 K USD
|
KAMINSKI ROBERT B
Director |
- 3000
|
48.73 USD |
|
3 months ago
Jul 22, 2024
|
Sell 96 K USD
|
KAMINSKI ROBERT B
Director |
- 2000
|
48.01 USD |
|
3 months ago
Jul 19, 2024
|
Sell 235 K USD
|
PRICE MICHAEL H
Director |
- 5000
|
47.08 USD |
|
4 months ago
Jul 02, 2024
|
Sell 9.96 K USD
|
KAMINSKI ROBERT B
Director |
- 250
|
39.83 USD |
|
5 months ago
Jun 11, 2024
|
Bought 4.99 K USD
|
Sanchez Nelson F
Director |
+ 139
|
35.9 USD |
|
5 months ago
Jun 10, 2024
|
Bought 4.98 K USD
|
Sanchez Nelson F
Director |
+ 138
|
36.1 USD |
|
5 months ago
Jun 07, 2024
|
Bought 4.99 K USD
|
Sanchez Nelson F
Director |
+ 135
|
36.94 USD |
|
5 months ago
Jun 06, 2024
|
Bought 5.01 K USD
|
Sanchez Nelson F
Director |
+ 135
|
37.1 USD |
|
8 months ago
Mar 11, 2024
|
Bought 3.65 K USD
|
Sanchez Nelson F
Director |
+ 100
|
36.51 USD |
|
1 year ago
Jul 26, 2023
|
Sell 68.5 K USD
|
PRICE MICHAEL H
Director |
- 2000
|
34.25 USD |
|
1 year ago
Jul 26, 2023
|
Sell 68.7 K USD
|
PRICE MICHAEL H
Director |
- 2000
|
34.33 USD |
|
1 year ago
Apr 21, 2023
|
Bought 86.9 K USD
|
RAMAKER DAVID B
Director |
+ 3000
|
28.98 USD |
|
1 year ago
Feb 16, 2023
|
Sell 86.3 K USD
|
Worthington Robert T.
SVP, CRO, SECRETARY, AND GC |
- 2484
|
34.75 USD |
|
1 year ago
Jan 20, 2023
|
Bought 50 K USD
|
RAMAKER DAVID B
Director |
+ 1500
|
33.33 USD |
|
2 years ago
Aug 18, 2022
|
Bought 110 K USD
|
RAMAKER DAVID B
director: |
+ 3000
|
36.58 USD |
|
2 years ago
Jan 25, 2022
|
Sell 41.1 K USD
|
PRICE MICHAEL H
Director |
- 1053
|
39.04 USD |
|
2 years ago
Jan 25, 2022
|
Sell 41.1 K USD
|
PRICE MICHAEL H
Director |
- 1053
|
39.04 USD |
|
2 years ago
Jan 24, 2022
|
Sell 65.9 K USD
|
Wiersma Lonna
SVP, HUMAN RESOURCES DIRECTOR |
- 1714
|
38.47 USD |
|
2 years ago
Jan 24, 2022
|
Sell 19.1 K USD
|
Wiersma Lonna
SVP, HUMAN RESOURCES DIRECTOR |
- 500
|
38.24 USD |
|
2 years ago
Jan 26, 2022
|
Sell 79.2 K USD
|
Wiersma Lonna
SVP, HUMAN RESOURCES DIRECTOR |
- 2000
|
39.6 USD |
|
2 years ago
Jan 21, 2022
|
Sell 114 K USD
|
Worthington Robert T.
SVP, CRO, SECRETARY, AND GC |
- 3000
|
38.11 USD |
|
3 years ago
Nov 05, 2021
|
Sell 92.2 K USD
|
Wiersma Lonna
SVP, HUMAN RESOURCES DIRECTOR |
- 2500
|
36.88 USD |
|
3 years ago
Jun 03, 2021
|
Bought 112 K USD
|
Worthington Robert T.
COO, SECRETARY, SVP, AND GC |
+ 3431
|
32.56 USD |
|
3 years ago
Dec 01, 2020
|
Sell 87.7 K USD
|
Worthington Robert T.
COO, SECRETARY, SVP, AND GC |
- 3500
|
25.0444 USD |
|
4 years ago
May 07, 2020
|
Bought 19.2 K USD
|
Eldridge Michelle Larabee
Director |
+ 900
|
21.3 USD |
|
4 years ago
May 07, 2020
|
Bought 2.13 K USD
|
Eldridge Michelle Larabee
Director |
+ 100
|
21.3 USD |
|
4 years ago
Apr 24, 2020
|
Sell 170 K USD
|
PRICE MICHAEL H
Director |
- 8000
|
21.2 USD |
|
5 years ago
Nov 19, 2019
|
Sell 87.8 K USD
|
Wiersma Lonna
SVP, HUMAN RESOURCES DIRECTOR |
- 2500
|
35.1 USD |
|
5 years ago
Nov 19, 2019
|
Sell 87.8 K USD
|
Worthington Robert T.
COO, SECRETARY, SVP, AND GC |
- 2500
|
35.1 USD |
|
5 years ago
Oct 22, 2019
|
Sell 105 K USD
|
PRICE MICHAEL H
Director |
- 2947
|
35.48 USD |
|
5 years ago
Jan 25, 2019
|
Sell 68.7 K USD
|
GRANT EDWARD B
Director |
- 2000
|
34.33 USD |
|
5 years ago
Jan 25, 2019
|
Sell 68.7 K USD
|
GRANT EDWARD B
Director |
- 2000
|
34.33 USD |
|
5 years ago
Nov 20, 2018
|
Sell 31.4 K USD
|
Wiersma Lonna
SVP, HUMAN RESOURCES DIRECTOR |
- 1000
|
31.37 USD |
|
6 years ago
Nov 07, 2018
|
Sell 20.2 K USD
|
SULLIVAN THOMAS R
Director |
- 620
|
32.56 USD |
|
6 years ago
May 30, 2018
|
Sell 109 K USD
|
PRICE MICHAEL H
Director |
- 3000
|
36.32 USD |
|
6 years ago
Mar 01, 2018
|
Sell 65.8 K USD
|
SULLIVAN THOMAS R
Director |
- 1930
|
34.09 USD |
|
6 years ago
Mar 01, 2018
|
Sell 34.2 K USD
|
SULLIVAN THOMAS R
Director |
- 1000
|
34.23 USD |
|
6 years ago
Mar 02, 2018
|
Sell 85.6 K USD
|
SULLIVAN THOMAS R
Director |
- 2500
|
34.24 USD |
|
6 years ago
Mar 02, 2018
|
Sell 17.2 K USD
|
SULLIVAN THOMAS R
Director |
- 500
|
34.5 USD |
|
6 years ago
Mar 02, 2018
|
Sell 34.7 K USD
|
SULLIVAN THOMAS R
Director |
- 1000
|
34.7 USD |
|
6 years ago
Nov 20, 2017
|
Sell 183 K USD
|
SULLIVAN THOMAS R
Director |
- 5200
|
35.15 USD |
|
7 years ago
Oct 26, 2017
|
Sell 37.2 K USD
|
SULLIVAN THOMAS R
Director |
- 1000
|
37.21 USD |
|
7 years ago
Oct 27, 2017
|
Sell 179 K USD
|
SULLIVAN THOMAS R
Director |
- 4800
|
37.31 USD |
|
7 years ago
Oct 20, 2017
|
Sell 398 K USD
|
SULLIVAN THOMAS R
Director |
- 10739
|
37.04 USD |
|
7 years ago
Jul 21, 2017
|
Bought 12.2 K USD
|
CLARK EDWARD J
Director |
+ 385
|
31.59 USD |
|
7 years ago
Jun 12, 2017
|
Sell 16.9 K USD
|
SULLIVAN THOMAS R
Director |
- 500
|
33.8 USD |
|
7 years ago
Jun 12, 2017
|
Sell 113 K USD
|
SULLIVAN THOMAS R
Director |
- 3301
|
34.29 USD |
|
7 years ago
Jun 13, 2017
|
Sell 93 K USD
|
SULLIVAN THOMAS R
Director |
- 2797
|
33.24 USD |
|
7 years ago
Jun 14, 2017
|
Sell 17 K USD
|
SULLIVAN THOMAS R
Director |
- 515
|
33 USD |
|
7 years ago
Apr 25, 2017
|
Sell 334 K USD
|
PRICE MICHAEL H
CHAIRMAN |
- 9535
|
35.04 USD |
|
7 years ago
Mar 02, 2017
|
Sell 234 K USD
|
SULLIVAN THOMAS R
Director |
- 7000
|
33.38 USD |
|
7 years ago
Dec 12, 2016
|
Sell 336 K USD
|
PRICE MICHAEL H
CHAIRMAN, PRESIDENT AND CEO |
- 9551
|
35.18 USD |
|
7 years ago
Nov 30, 2016
|
Sell 65.8 K USD
|
GRANT EDWARD B
Director |
- 2000
|
32.92 USD |
|
8 years ago
Nov 18, 2016
|
Sell 165 K USD
|
SULLIVAN THOMAS R
Director |
- 5000
|
33.04 USD |
|
8 years ago
Aug 31, 2016
|
Sell 41.7 K USD
|
SULLIVAN THOMAS R
Director |
- 1575
|
26.5 USD |
|
8 years ago
Aug 26, 2016
|
Sell 134 K USD
|
SULLIVAN THOMAS R
Director |
- 5000
|
26.87 USD |
|
8 years ago
Aug 18, 2016
|
Sell 322 K USD
|
PRICE MICHAEL H
CHAIRMAN, PRESIDENT AND CEO |
- 12462
|
25.81 USD |
|
8 years ago
Aug 19, 2016
|
Sell 23.2 K USD
|
PRICE MICHAEL H
CHAIRMAN, PRESIDENT AND CEO |
- 900
|
25.75 USD |
|
8 years ago
Jul 28, 2016
|
Sell 288 K USD
|
PRICE MICHAEL H
CHAIRMAN, PRESIDENT AND CEO |
- 11520
|
24.987 USD |
|
8 years ago
Feb 19, 2016
|
Sell 90.5 K USD
|
GARDNER JEFF A
Director |
- 3999
|
22.6274 USD |
|
8 years ago
Mar 04, 2016
|
Sell 13.4 K USD
|
SULLIVAN THOMAS R
Director |
- 560
|
24 USD |
|
8 years ago
Jan 22, 2016
|
Sell 169 K USD
|
PRICE MICHAEL H
CHAIRMAN, PRESIDENT AND CEO |
- 8000
|
21.1625 USD |
|
8 years ago
Dec 15, 2015
|
Sell 72.6 K USD
|
SULLIVAN THOMAS R
Director |
- 3000
|
24.2 USD |
|
8 years ago
Nov 24, 2015
|
Sell 34.6 K USD
|
STONE SAMUEL G
director: EXECUTIVE VICE PRESIDENT |
- 1378
|
25.1 USD |
|
9 years ago
Nov 19, 2015
|
Sell 41.6 K USD
|
SULLIVAN THOMAS R
Director |
- 1653
|
25.14 USD |
|
9 years ago
Nov 16, 2015
|
Sell 72 K USD
|
SULLIVAN THOMAS R
Director |
- 3000
|
24 USD |
|
9 years ago
Oct 23, 2015
|
Sell 64.5 K USD
|
SULLIVAN THOMAS R
Director |
- 3000
|
21.5 USD |
|
9 years ago
Sep 24, 2015
|
Sell 63 K USD
|
SULLIVAN THOMAS R
Director |
- 3000
|
21 USD |
|
9 years ago
Aug 17, 2015
|
Sell 61.1 K USD
|
SULLIVAN THOMAS R
CHAIRMAN OF THE BOARD |
- 3000
|
20.37 USD |
|
9 years ago
Apr 27, 2015
|
Sell 45.9 K USD
|
GRANT EDWARD B
Director |
- 2247
|
20.44 USD |
|
10 years ago
Jul 29, 2014
|
Sell 58.3 K USD
|
KAMINSKI ROBERT B
COO, EXEC. V.P., SECRETARY |
- 3000
|
19.43 USD |
|
12 years ago
Oct 18, 2012
|
Bought 3 K USD
|
Agerson Kirk
Director |
+ 180
|
16.68 USD |
|
12 years ago
Jul 11, 2012
|
Sell 4.11 K USD
|
CLARK EDWARD J
Director |
- 223
|
18.43 USD |
|
12 years ago
Jul 11, 2012
|
Sell 31.5 K USD
|
CLARK EDWARD J
Director |
- 1712
|
18.4 USD |
|
12 years ago
May 29, 2012
|
Bought 734 USD
|
HAYES DOYLE A
Director |
+ 50
|
14.68 USD |
|
12 years ago
May 24, 2012
|
Bought 7.3 K USD
|
CLARK EDWARD J
Director |
+ 500
|
14.6 USD |
|
12 years ago
Apr 27, 2012
|
Sell 2.44 USD
|
MURDOCK CALVIN D
Director |
- 0.16
|
15.25 USD |
|
12 years ago
Apr 18, 2012
|
Bought 3.09 K USD
|
Agerson Kirk
Director |
+ 205
|
15.05 USD |
|
12 years ago
Apr 18, 2012
|
Bought 18.1 K USD
|
Donnelly John F
Director |
+ 1200
|
15.05 USD |
|
12 years ago
Feb 29, 2012
|
Bought 670 USD
|
WILLIAMS DONALD SR
Director |
+ 50
|
13.4 USD |
|
12 years ago
Feb 24, 2012
|
Bought 64.8 USD
|
Faas Michael D
Director |
+ 5
|
12.96 USD |
|
12 years ago
Feb 24, 2012
|
Bought 11.7 K USD
|
Faas Michael D
Director |
+ 900
|
12.99 USD |
|
12 years ago
Feb 24, 2012
|
Bought 10.5 K USD
|
Faas Michael D
Director |
+ 811
|
13 USD |
|
12 years ago
Feb 24, 2012
|
Bought 1.29 K USD
|
Faas Michael D
Director |
+ 100
|
12.9 USD |
|
12 years ago
Feb 24, 2012
|
Bought 1.28 K USD
|
Faas Michael D
Director |
+ 99
|
12.89 USD |
|
12 years ago
Feb 24, 2012
|
Bought 1.26 K USD
|
Faas Michael D
Director |
+ 99
|
12.7 USD |
|
12 years ago
Feb 24, 2012
|
Bought 25.1 K USD
|
Faas Michael D
Director |
+ 1986
|
12.65 USD |
|
12 years ago
Feb 23, 2012
|
Bought 4.95 K USD
|
Agerson Kirk
Director |
+ 390
|
12.69 USD |
|
12 years ago
Feb 17, 2012
|
Bought 3.95 K USD
|
CHRISTMAS CHARLES E
Senior V.P. & CFO |
+ 300
|
13.17 USD |
|
12 years ago
Feb 01, 2012
|
Bought 2.99 K USD
|
Agerson Kirk
Director |
+ 260
|
11.49 USD |
|
12 years ago
Jan 19, 2012
|
Bought 59.5 K USD
|
Faas Michael D
Director |
+ 5000
|
11.9 USD |
|
12 years ago
Nov 29, 2011
|
Bought 18.8 K USD
|
Schad Timothy O
Director |
+ 2000
|
9.375 USD |
|
13 years ago
Nov 09, 2011
|
Bought 547 USD
|
HAYES DOYLE A
Director |
+ 60
|
9.11 USD |
|
13 years ago
Aug 18, 2011
|
Bought 8.14 K USD
|
CLARK EDWARD J
Director |
+ 1000
|
8.1439 USD |
|
13 years ago
Aug 12, 2011
|
Bought 4.12 K USD
|
CLARK EDWARD J
Director |
+ 500
|
8.24 USD |
|
13 years ago
Aug 12, 2011
|
Bought 4.12 K USD
|
CLARK EDWARD J
Director |
+ 500
|
8.23 USD |
|
13 years ago
Aug 11, 2011
|
Bought 815 USD
|
CLARK EDWARD J
Director |
+ 100
|
8.15 USD |
|
13 years ago
Jul 22, 2011
|
Bought 9.75 K USD
|
CLARK EDWARD J
Director |
+ 1000
|
9.75 USD |
|
13 years ago
May 23, 2011
|
Bought 9 K USD
|
CLARK EDWARD J
Director |
+ 1000
|
9 USD |
|
13 years ago
Apr 18, 2011
|
Sell 82.5 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 10000
|
8.25 USD |
|
13 years ago
Apr 19, 2011
|
Sell 68.1 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 7500
|
9.08 USD |
|
13 years ago
Apr 14, 2011
|
Sell 83.2 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 10000
|
8.32 USD |
|
13 years ago
Apr 15, 2011
|
Sell 41.6 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 5000
|
8.32 USD |
|
13 years ago
Apr 12, 2011
|
Sell 41.5 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 5000
|
8.3 USD |
|
13 years ago
Apr 13, 2011
|
Sell 32.6 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 3894
|
8.37 USD |
|
13 years ago
Apr 08, 2011
|
Sell 51.3 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 5800
|
8.84 USD |
|
13 years ago
Apr 11, 2011
|
Sell 42.5 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 5000
|
8.5 USD |
|
13 years ago
Apr 06, 2011
|
Sell 88.9 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 10000
|
8.89 USD |
|
13 years ago
Apr 07, 2011
|
Sell 89.5 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 10000
|
8.95 USD |
|
13 years ago
Apr 04, 2011
|
Bought 221 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
+ 22850
|
9.68 USD |
|
13 years ago
Apr 04, 2011
|
Sell 86.3 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 9100
|
9.48 USD |
|
13 years ago
Apr 05, 2011
|
Sell 87.4 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
- 10000
|
8.74 USD |
|
13 years ago
Apr 01, 2011
|
Bought 196 K USD
|
SECOND CURVE CAPITAL LLC
10 percent owner |
+ 20000
|
9.8 USD |
|
13 years ago
Jan 28, 2011
|
Bought 9.05 K USD
|
LARSEN LAWRENCE W
Director |
+ 1000
|
9.05 USD |
|
13 years ago
Jan 24, 2011
|
Bought 472 USD
|
WILLIAMS DONALD SR
Director |
+ 50
|
9.45 USD |
|
13 years ago
Nov 22, 2010
|
Bought 13.8 K USD
|
CASSARD DAVID M
Director |
+ 2000
|
6.9 USD |
|
14 years ago
Nov 04, 2010
|
Bought 8 K USD
|
CLARK EDWARD J
Director |
+ 2000
|
4 USD |
|
14 years ago
Nov 02, 2010
|
Bought 8.5 K USD
|
CLARK EDWARD J
Director |
+ 2000
|
4.25 USD |
|
14 years ago
Oct 26, 2010
|
Bought 8.76 K USD
|
Posthumus Richard Earl
Director |
+ 2000
|
4.38 USD |
|
14 years ago
Aug 20, 2010
|
Bought 9 K USD
|
LARSEN LAWRENCE W
Director |
+ 2000
|
4.5 USD |
|
14 years ago
May 20, 2010
|
Bought 9.34 K USD
|
CLARK EDWARD J
Director |
+ 1556
|
6 USD |
|
14 years ago
May 19, 2010
|
Bought 2.66 K USD
|
CLARK EDWARD J
Director |
+ 444
|
6 USD |
|
14 years ago
Feb 17, 2010
|
Bought 708 USD
|
WILLIAMS DONALD SR
Director |
+ 200
|
3.54 USD |
|
14 years ago
Feb 09, 2010
|
Bought 850 USD
|
HAYES DOYLE A
Director |
+ 240
|
3.54 USD |
|
14 years ago
Jan 27, 2010
|
Bought 1.4 K USD
|
BURTON BETTY S
Director |
+ 360
|
3.9 USD |
|
15 years ago
Nov 03, 2009
|
Bought 123 USD
|
HAYES DOYLE A
Director |
+ 35
|
3.52 USD |
|
15 years ago
Aug 31, 2009
|
Bought 450 USD
|
WILLIAMS DONALD SR
Director |
+ 100
|
4.5 USD |
|
15 years ago
Aug 31, 2009
|
Bought 450 USD
|
WILLIAMS DONALD SR
Director |
+ 100
|
4.5 USD |
|
15 years ago
Jul 24, 2009
|
Bought 3.4 K USD
|
CLARK EDWARD J
Director |
+ 1000
|
3.4 USD |
|
15 years ago
Jul 23, 2009
|
Bought 424 USD
|
BURTON BETTY S
Director |
+ 125
|
3.388 USD |
|
15 years ago
May 28, 2009
|
Sell 72.7 USD
|
BURTON BETTY S
Director |
- 21
|
3.46 USD |
|
15 years ago
Jul 22, 2009
|
Bought 334 USD
|
HAYES DOYLE A
Director |
+ 100
|
3.34 USD |
|
15 years ago
May 29, 2009
|
Bought 1.08 K USD
|
WILLIAMS DONALD SR
Director |
+ 300
|
3.6 USD |
|
15 years ago
May 29, 2009
|
Bought 32.5 K USD
|
VISSER DALE J
Director |
+ 9299
|
3.5 USD |
|
15 years ago
May 22, 2009
|
Bought 6.5 K USD
|
CASSARD DAVID M
Director |
+ 1811
|
3.59 USD |
|
15 years ago
May 22, 2009
|
Bought 6.5 K USD
|
CASSARD DAVID M
Director |
+ 1811
|
3.59 USD |
|
15 years ago
May 21, 2009
|
Bought 3.56 K USD
|
CASSARD DAVID M
Director |
+ 989
|
3.6 USD |
|
15 years ago
May 21, 2009
|
Bought 3.56 K USD
|
CASSARD DAVID M
Director |
+ 989
|
3.6 USD |
|
15 years ago
May 19, 2009
|
Bought 10 K USD
|
CLARK EDWARD J
Director |
+ 3000
|
3.35 USD |
|
15 years ago
Apr 16, 2009
|
Bought 1.48 K USD
|
BURTON BETTY S
Director |
+ 330
|
4.48 USD |
|
15 years ago
Apr 16, 2009
|
Bought 390 USD
|
HAYES DOYLE A
Director |
+ 80
|
4.879 USD |
|
15 years ago
Feb 27, 2009
|
Bought 20.5 K USD
|
CLARK EDWARD J
Director |
+ 5000
|
4.1 USD |
|
15 years ago
Feb 27, 2009
|
Bought 1.64 K USD
|
WILLIAMS DONALD SR
Director |
+ 400
|
4.1 USD |
|
15 years ago
Feb 26, 2009
|
Bought 1.4 K USD
|
BURTON BETTY S
Director |
+ 305
|
4.59 USD |
|
15 years ago
Feb 25, 2009
|
Bought 3 K USD
|
CLARK EDWARD J
Director |
+ 800
|
3.75 USD |
|
15 years ago
Feb 24, 2009
|
Bought 3.42 K USD
|
Prins Merle J
Director |
+ 1000
|
3.425 USD |
|
15 years ago
Feb 18, 2009
|
Bought 2.08 K USD
|
JONES SUSAN K
Director |
+ 500
|
4.15 USD |
|
15 years ago
Feb 17, 2009
|
Bought 4.39 K USD
|
HAYES DOYLE A
Director |
+ 1000
|
4.39 USD |
|
15 years ago
Feb 13, 2009
|
Bought 2.31 K USD
|
JONES SUSAN K
Director |
+ 500
|
4.619 USD |
|
15 years ago
Feb 13, 2009
|
Bought 2.25 K USD
|
JONES SUSAN K
Director |
+ 500
|
4.5 USD |
|
15 years ago
Feb 13, 2009
|
Bought 2.2 K USD
|
JONES SUSAN K
Director |
+ 500
|
4.4 USD |
|
15 years ago
Feb 13, 2009
|
Bought 4.75 K USD
|
PRICE MICHAEL H
Chairman, President and CEO |
+ 1050
|
4.52 USD |
|
15 years ago
Feb 12, 2009
|
Bought 962 USD
|
CLARK EDWARD J
Director |
+ 200
|
4.81 USD |
|
15 years ago
Feb 12, 2009
|
Bought 5.84 K USD
|
CLARK EDWARD J
Director |
+ 1300
|
4.49 USD |
|
16 years ago
Oct 20, 2008
|
Bought 1.87 K USD
|
BURTON BETTY S
Director |
+ 235
|
7.948 USD |
|
16 years ago
Aug 22, 2008
|
Bought 1.03 K USD
|
BURTON BETTY S
Director |
+ 120
|
8.544 USD |
|
16 years ago
Jul 24, 2008
|
Bought 989 USD
|
WILLIAMS DONALD SR
Director |
+ 100
|
9.89 USD |
|
16 years ago
Jul 18, 2008
|
Bought 675 USD
|
CHRISTMAS CHARLES E
Senior V.P. & CFO |
+ 100
|
6.75 USD |
|
16 years ago
Jul 18, 2008
|
Bought 675 USD
|
CHRISTMAS CHARLES E
Senior V.P. & CFO |
+ 100
|
6.75 USD |
|
16 years ago
Jul 18, 2008
|
Bought 22.5 K USD
|
CLARK EDWARD J
Director |
+ 3000
|
7.5 USD |
|
16 years ago
Jul 17, 2008
|
Bought 92.5 K USD
|
VISSER DALE J
Director |
+ 17000
|
5.44 USD |
|
16 years ago
Jul 17, 2008
|
Bought 3.38 K USD
|
BURTON BETTY S
Director |
+ 530
|
6.38 USD |
|
16 years ago
Jul 16, 2008
|
Bought 16.6 K USD
|
Schad Timothy O
Director |
+ 3300
|
5.04 USD |
|
16 years ago
Jul 16, 2008
|
Bought 2.52 K USD
|
Schad Timothy O
Director |
+ 500
|
5.03 USD |
|
16 years ago
Jul 16, 2008
|
Bought 1 K USD
|
Schad Timothy O
Director |
+ 200
|
5.02 USD |
|
16 years ago
Jul 16, 2008
|
Bought 524 USD
|
HAYES DOYLE A
Director |
+ 104
|
5.04 USD |
|
16 years ago
Jul 16, 2008
|
Bought 3.85 K USD
|
HAYES DOYLE A
Director |
+ 750
|
5.14 USD |
|
16 years ago
Jul 16, 2008
|
Bought 300 USD
|
HAYES DOYLE A
Director |
+ 56
|
5.35 USD |
|
16 years ago
May 22, 2008
|
Bought 4.99 K USD
|
Prins Merle J
Director |
+ 550
|
9.069 USD |
|
16 years ago
May 30, 2008
|
Bought 8.21 K USD
|
HAYES DOYLE A
Director |
+ 1000
|
8.21 USD |
|
16 years ago
May 23, 2008
|
Bought 245 USD
|
CLARK EDWARD J
Director |
+ 28
|
8.74 USD |
|
16 years ago
May 23, 2008
|
Bought 25.9 K USD
|
CLARK EDWARD J
Director |
+ 2972
|
8.72 USD |
|
16 years ago
May 22, 2008
|
Bought 9.1 K USD
|
LARSEN LAWRENCE W
Director |
+ 1000
|
9.104 USD |
|
16 years ago
May 21, 2008
|
Bought 9.31 K USD
|
Schad Timothy O
Director |
+ 1000
|
9.31 USD |
|
16 years ago
May 21, 2008
|
Bought 9.35 K USD
|
Schad Timothy O
Director |
+ 1000
|
9.35 USD |
|
16 years ago
May 14, 2008
|
Bought 926 USD
|
BURTON BETTY S
Director |
+ 92
|
10.06 USD |
|
16 years ago
May 14, 2008
|
Bought 20 K USD
|
CLARK EDWARD J
Director |
+ 2000
|
10 USD |
|
16 years ago
May 09, 2008
|
Bought 1.01 K USD
|
CLARK EDWARD J
Director |
+ 100
|
10.08 USD |
|
16 years ago
May 09, 2008
|
Bought 9.95 K USD
|
CLARK EDWARD J
Director |
+ 1000
|
9.95 USD |
|
16 years ago
Apr 30, 2008
|
Bought 10.1 K USD
|
Prins Merle J
Director |
+ 1000
|
10.13 USD |
|
16 years ago
Apr 11, 2008
|
Bought 10.2 K USD
|
CASSARD DAVID M
Director |
+ 1000
|
10.19 USD |
|
16 years ago
Apr 11, 2008
|
Bought 8.41 K USD
|
JONES SUSAN K
Director |
+ 825
|
10.19 USD |
|
16 years ago
Apr 11, 2008
|
Bought 2.04 K USD
|
JONES SUSAN K
Director |
+ 200
|
10.18 USD |
|
16 years ago
Apr 11, 2008
|
Bought 2.03 K USD
|
JONES SUSAN K
Director |
+ 200
|
10.16 USD |
|
16 years ago
Apr 09, 2008
|
Bought 1.13 K USD
|
CLARK EDWARD J
Director |
+ 100
|
11.34 USD |
|
16 years ago
Apr 09, 2008
|
Bought 1.13 K USD
|
CLARK EDWARD J
Director |
+ 100
|
11.32 USD |
|
16 years ago
Apr 09, 2008
|
Bought 7.85 K USD
|
CLARK EDWARD J
Director |
+ 700
|
11.21 USD |
|
16 years ago
Apr 09, 2008
|
Bought 3.37 K USD
|
CLARK EDWARD J
Director |
+ 300
|
11.22 USD |
|
16 years ago
Apr 09, 2008
|
Bought 2.25 K USD
|
CLARK EDWARD J
Director |
+ 200
|
11.23 USD |
|
16 years ago
Apr 09, 2008
|
Bought 1.12 K USD
|
CLARK EDWARD J
Director |
+ 100
|
11.24 USD |
|
16 years ago
Apr 09, 2008
|
Bought 4.44 K USD
|
CLARK EDWARD J
Director |
+ 400
|
11.11 USD |
|
16 years ago
Apr 09, 2008
|
Bought 2.22 K USD
|
CLARK EDWARD J
Director |
+ 200
|
11.12 USD |
|
16 years ago
Apr 09, 2008
|
Bought 6.68 K USD
|
CLARK EDWARD J
Director |
+ 600
|
11.13 USD |
|
16 years ago
Apr 09, 2008
|
Bought 3.36 K USD
|
CLARK EDWARD J
Director |
+ 300
|
11.1967 USD |
|
16 years ago
Apr 10, 2008
|
Bought 5 K USD
|
Schad Timothy O
Director |
+ 500
|
9.99 USD |
|
16 years ago
Apr 10, 2008
|
Bought 3.07 K USD
|
Schad Timothy O
Director |
+ 300
|
10.22 USD |
|
16 years ago
Apr 10, 2008
|
Bought 2.07 K USD
|
Schad Timothy O
Director |
+ 200
|
10.34 USD |
|
16 years ago
Apr 10, 2008
|
Bought 1.04 K USD
|
WILLIAMS DONALD SR
Director |
+ 100
|
10.44 USD |
|
16 years ago
Apr 09, 2008
|
Bought 2.17 K USD
|
HAYES DOYLE A
Director |
+ 194
|
11.1999 USD |
|
16 years ago
Jan 28, 2008
|
Bought 3.89 K USD
|
BURTON BETTY S
Director |
+ 283
|
13.73 USD |
|
16 years ago
Jan 28, 2008
|
Bought 3.89 K USD
|
BURTON BETTY S
Director |
+ 283
|
13.73 USD |
|
16 years ago
Jan 24, 2008
|
Bought 10 K USD
|
Schad Timothy O
Director |
+ 725
|
13.8 USD |
|
16 years ago
Jan 22, 2008
|
Bought 4.93 K USD
|
Prins Merle J
Director |
+ 392
|
12.57 USD |
|
16 years ago
Jan 15, 2008
|
Bought 1.19 K USD
|
WILLIAMS DONALD SR
Director |
+ 100
|
11.9 USD |
|
16 years ago
Jan 11, 2008
|
Bought 5.84 K USD
|
HAYES DOYLE A
Director |
+ 500
|
11.69 USD |
|
16 years ago
Jan 10, 2008
|
Bought 5.85 K USD
|
VISSER DALE J
Director |
+ 500
|
11.7 USD |
|
16 years ago
Jan 10, 2008
|
Bought 5.82 K USD
|
VISSER DALE J
Director |
+ 500
|
11.65 USD |
|
16 years ago
Jan 10, 2008
|
Bought 11.6 K USD
|
VISSER DALE J
Director |
+ 1000
|
11.6 USD |
|
16 years ago
Jan 10, 2008
|
Bought 11.6 K USD
|
VISSER DALE J
Director |
+ 1000
|
11.55 USD |
|
16 years ago
Jan 10, 2008
|
Bought 11.5 K USD
|
VISSER DALE J
Director |
+ 1000
|
11.5 USD |
|
16 years ago
Jan 10, 2008
|
Bought 23.4 K USD
|
VISSER DALE J
Director |
+ 2000
|
11.7 USD |
|
16 years ago
Jan 10, 2008
|
Bought 11.8 K USD
|
VISSER DALE J
Director |
+ 1000
|
11.78 USD |
|
16 years ago
Jan 10, 2008
|
Bought 11.8 K USD
|
VISSER DALE J
Director |
+ 1000
|
11.8 USD |
|
16 years ago
Jan 10, 2008
|
Bought 11.9 K USD
|
VISSER DALE J
Director |
+ 1000
|
11.9 USD |
|
16 years ago
Jan 10, 2008
|
Bought 11.8 K USD
|
VISSER DALE J
Director |
+ 1000
|
11.85 USD |
|
16 years ago
Jan 10, 2008
|
Bought 5.74 K USD
|
CLARK EDWARD J
Director |
+ 500
|
11.48 USD |
|
16 years ago
Jan 09, 2008
|
Bought 21.7 K USD
|
LARSEN LAWRENCE W
Director |
+ 2000
|
10.867 USD |
|
16 years ago
Jan 09, 2008
|
Bought 21.7 K USD
|
LARSEN LAWRENCE W
Director |
+ 2000
|
10.867 USD |
|
16 years ago
Jan 09, 2008
|
Bought 2.19 K USD
|
CHRISTMAS CHARLES E
Senior V.P. & CFO |
+ 200
|
10.94 USD |
|
16 years ago
Jan 09, 2008
|
Bought 3.31 K USD
|
CHRISTMAS CHARLES E
Senior V.P. & CFO |
+ 300
|
11.02 USD |
|
16 years ago
Jan 09, 2008
|
Bought 8.2 K USD
|
PRICE MICHAEL H
Chairman, President and CEO |
+ 719
|
11.4 USD |
|
16 years ago
Jan 09, 2008
|
Bought 11.9 K USD
|
PRICE MICHAEL H
Chairman, President and CEO |
+ 1033
|
11.55 USD |
|
16 years ago
Jan 09, 2008
|
Bought 15.9 K USD
|
CLARK EDWARD J
Director |
+ 1400
|
11.35 USD |
|
16 years ago
Jan 09, 2008
|
Bought 6.75 K USD
|
CLARK EDWARD J
Director |
+ 600
|
11.25 USD |
|
16 years ago
Jan 09, 2008
|
Bought 1.53 K USD
|
HAYES DOYLE A
Director |
+ 120
|
12.78 USD |
|
16 years ago
Nov 29, 2007
|
Bought 3 K USD
|
JONES SUSAN K
Director |
+ 168
|
17.85 USD |
|
16 years ago
Nov 29, 2007
|
Bought 5.36 K USD
|
JONES SUSAN K
Director |
+ 300
|
17.87 USD |
|
16 years ago
Nov 29, 2007
|
Bought 1.79 K USD
|
JONES SUSAN K
Director |
+ 100
|
17.86 USD |
|
16 years ago
Nov 26, 2007
|
Bought 10.4 K USD
|
JONES SUSAN K
Director |
+ 600
|
17.33 USD |
|
17 years ago
Nov 19, 2007
|
Bought 841 USD
|
HAYES DOYLE A
Director |
+ 50
|
16.83 USD |
|
17 years ago
Nov 19, 2007
|
Bought 9.9 K USD
|
KAMINSKI ROBERT B
COO, Exec. V.P., Secretary |
+ 600
|
16.5 USD |
|
17 years ago
Nov 19, 2007
|
Bought 6.58 K USD
|
KAMINSKI ROBERT B
COO, Exec. V.P., Secretary |
+ 400
|
16.44 USD |
|
17 years ago
Nov 19, 2007
|
Bought 16.1 K USD
|
PRICE MICHAEL H
Chairman, President and CEO |
+ 1000
|
16.1 USD |
|
17 years ago
Nov 06, 2007
|
Bought 106 K USD
|
VISSER DALE J
Director |
+ 6000
|
17.59 USD |
|
17 years ago
Oct 26, 2007
|
Bought 11.4 K USD
|
Schad Timothy O
Director |
+ 600
|
18.92 USD |
|
17 years ago
Oct 26, 2007
|
Bought 3.79 K USD
|
Schad Timothy O
Director |
+ 200
|
18.93 USD |
|
17 years ago
Oct 26, 2007
|
Bought 114 USD
|
Schad Timothy O
Director |
+ 6
|
18.98 USD |
|
17 years ago
Oct 26, 2007
|
Bought 9.38 K USD
|
Schad Timothy O
Director |
+ 494
|
18.99 USD |
|
17 years ago
Oct 18, 2007
|
Sell 20 K USD
|
Prins Merle J
Director |
- 1000
|
19.96 USD |
|
17 years ago
Sep 19, 2007
|
Bought 8.59 K USD
|
HAYES DOYLE A
Director |
+ 380
|
22.6 USD |
|
17 years ago
Sep 19, 2007
|
Bought 8.59 K USD
|
HAYES DOYLE A
Director |
+ 380
|
22.6 USD |
|
17 years ago
Sep 18, 2007
|
Bought 45 K USD
|
LARSEN LAWRENCE W
Director |
+ 2000
|
22.5 USD |
7. News
A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation
Mercantile Bank Corporation's Q3 2024 results exceeded analyst expectations, with revenue and profits higher than anticipated, despite a year-over-year decline in net profits. The stock has risen 26.1% since April, outperforming the S&P 500, but asset quality concerns and potential interest rate cuts prompted a downgrade to “buy.”. Net interest income increased due to reduced credit loss provisions and higher interest-earning assets, though net interest margin continues to decline.
seekingalpha.com
- 1 month ago
Mercantile Bank Corporation (MBWM) Q3 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM ) Q3 2024 Earnings Conference Call October 15, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP and Chief Marketing Officer Raymond Reitsma - President and CEO Charles Christmas - EVP and CFO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tamayo - Raymond James Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation 2024 Third Quarter Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
seekingalpha.com
- 1 month ago
Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Mercantile Bank (MBWM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 1 month ago
Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates
Mercantile Bank (MBWM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.30 per share a year ago.
zacks.com
- 1 month ago
Mercantile Bank Corporation Announces Strong Third Quarter Results
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.
prnewswire.com
- 1 month ago
Mercantile Bank Corporation Declares Regular Cash Dividend
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.
prnewswire.com
- 1 month ago
What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q3 Earnings
Besides Wall Street's top -and-bottom-line estimates for Mercantile Bank (MBWM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
zacks.com
- 1 month ago
3 Bank Stocks Exhibiting Superb Earnings Growth
Coastal Financial, Esquire Financial Holdings, and Mercantile Bank from the Banks &Thrifts industry showcase solid earnings growth.
zacks.com
- 1 month ago
Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Sept. 30, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
prnewswire.com
- 1 month ago
15 Upcoming Dividend Increases Including A King
This week, 15 companies, including Dividend King Stanley Black & Decker, are set to increase dividends, with SWK extending its 57-year streak by 1.2%. My strategy focuses on buying, holding, and adding companies that consistently increase dividends and outperform benchmarks, using SCHD as a performance gauge. The list of dividend increases is curated by merging data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, emphasizing companies with at least five years of dividend growth.
seekingalpha.com
- 2 months ago
Mercantile Bank: Q2 2024 Earnings Spike The Price
Mortgage loan originations and commercial loan growth led to a positive market reaction. Loan to Deposit ratio is improving, but still high at 107%, with management aiming to bring it down to around 95%. MBWM may currently be overvalued, leading management to set aside a possible buyback and focus on maintaining capital ratios.
seekingalpha.com
- 4 months ago
Mercantile Bank Corporation (MBWM) Q2 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM ) Q2 2024 Earnings Conference Call July 16, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP & Chief Marketing Officer Raymond Reitsma - President, CEO & Director Charles Christmas - CFO, EVP, Treasurer of Mercantile, EVP & CFO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tomayo - Raymond James Financial Nathan Race - Piper Sandler Companies Damon DelMonte - KBW Operator Good morning and welcome to the Mercantile Bank Corporation 2024 Second Quarter Earnings Conference Call. [Operator Instructions].
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- 4 months ago
8. Profile Summary
Mercantile Bank Corporation MBWM
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 793 M
Dividend Yield
0.81%
Description
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to 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 and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; 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 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Contact
310 Leonard Street NW, Grand Rapids, MI, 49504
https://www.mercbank.com
IPO Date
July 20, 1999
Employees
653
Officers
Sonali D. Allen
Senior Vice President and Chief Compliance & Community Development Officer of Mercantile Bank
Mr. Jeff Kaiser
Senior Vice President & Head of Risk Management Department
Tara M. Randall
Senior Vice President & Chief Retail Banking Officer of Mercantile Bank
Mr. Justin M. Karl
Executive Vice President & Senior Lending Officer of Mercantile Bank
Mr. Charles E. Christmas
Executive Vice President, Chief Financial Officer & Treasurer
Mr. Brett E. Hoover
Executive Vice President & Chief Human Resource Officer
Mr. Mark S. Augustyn
Chief Commercial Banking Officer of Mercantile Bank
Mr. Scott P. Setlock
Executive Vice President, Chief Operating Officer & Secretary
Mr. Raymond E. Reitsma
President, Chief Executive Officer & Director
Mr. Douglas J. Holtrop
Executive Vice President & Senior Lending Officer of Mercantile Bank