Mercantile Bank Corporation (MBWM)
Market Cap | 614.20M |
Revenue (ttm) | 217.99M |
Net Income (ttm) | 82.22M |
Shares Out | 16.12M |
EPS (ttm) | 5.13 |
PE Ratio | 7.50 |
Forward PE | 8.20 |
Dividend | $1.40 (3.64%) |
Ex-Dividend Date | Feb 29, 2024 |
Volume | 84,142 |
Open | 38.07 |
Previous Close | 38.04 |
Day's Range | 37.55 - 38.54 |
52-Week Range | 23.89 - 42.82 |
Beta | 0.98 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Apr 16, 2024 |
About MBWM
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 provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-fami... [Read more]
Financial Performance
In 2023, MBWM's revenue was $217.99 million, an increase of 18.62% compared to the previous year's $183.77 million. Earnings were $82.22 million, an increase of 34.64%.
Financial StatementsNews
Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 Results
Significant increase in net interest income, robust loan growth, and ongoing strength in asset quality metrics highlight the year Significant increase in net interest income, robust loan growth, and o...
Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.35 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.7 percent Board declares $0.35 regular quarterly cash dividend on common st...
Mercantile Bank Corporation Announces Retirement of President and Chief Executive Officer Robert B. Kaminski, Jr.
Mr. Kaminski intends to retire in 2024, at which time Raymond E. Reitsma is expected to be appointed President and Chief Executive Officer Mr. Kaminski intends to retire in 2024, at which time Raymond...
Mercantile Bank Corporation Announces Robust Third Quarter 2023 Results
Substantial year-over-year increase in net interest income, ongoing loan portfolio expansion, and sustained strength in asset quality metrics highlight quarter
Mercantile Bank Corporation Declares Regular Cash Dividend
Board declares $0.34 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 4.4 percent Board declares $0.34 regular quarterly cash dividend on common sto...
Mercantile Bank Corporation Announces Third Quarter 2023 Results Conference Call and Webcast
GRAND RAPIDS, Mich., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m. Eastern Time on Tuesday, October 17, 2023 to discu...
Mercantile Bank Corporation Announces Strong Second Quarter 2023 Results
Significant year-over-year increase in net interest income, solid loan growth, and ongoing strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , July 18, 2023 /PRNewswire/ -- Merca...
Mercantile Bank Corporation Announces Second Quarter 2023 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , June 28, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Corporation Announces Strong First Quarter Results
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $21.0 million, or $1.31 per diluted share, for the first quarter of 2023, compared with net income of $11.5 million, or...
Mercantile Bank Corporation Announces First Quarter 2023 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , March 29, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2022 Results
Substantial increase in net interest income, solid loan growth, and continuing strength in asset quality metrics highlight 2022 GRAND RAPIDS, Mich. , Jan. 17, 2023 /PRNewswire/ -- Mercantile Bank Corp...
Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2022 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Dec. 19, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Appoints New Members to Bank Board of Directors
GRAND RAPIDS, Mich. , Dec. 1, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"), announced today the appointments of Amy L.
Mercantile Bank Corporation Announces Robust Third Quarter 2022 Results
Significant increase in net interest income, solid loan growth, and ongoing strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , Oct. 18, 2022 /PRNewswire/ -- Mercantile Bank Corp...
Mercantile Bank Corporation Announces Third Quarter 2022 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Sept. 27, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call and webcast to discuss third quarter 2022 results on Tuesday, October 18, 20...
Mercantile Bank Corporation Raises Quarterly Dividend From $0.31 To $0.32/Share
Mercantile Bank Corporation Raises Quarterly Dividend From $0.31 To $0.32/Share
Mercantile Bank Corporation Announces Strong Second Quarter 2022 Results
Robust loan growth, continuing strength in asset quality metrics, and significant increases in several key fee income categories highlight quarter GRAND RAPIDS, Mich. , July 19, 2022 /PRNewswire/ -- M...
Mercantile Bank Corporation Announces Second Quarter 2022 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , June 27, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss second quarter 2022 results on Tuesday, July 19, 2022, at 10:00 a....
Mercantile Bank Corporation Announces Solid First Quarter 2022 Results
Strong core commercial loan growth, ongoing strength in asset quality metrics, and substantial increases in several key fee income categories highlight quarter GRAND RAPIDS, Mich. , April 19, 2022 /PR...
Mercantile Bank Corporation Announces First Quarter 2022 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , March 30, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss first quarter 2022 results on Tuesday, April 19, 2022, at 10:00 a...
Mercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2021 Results
GRAND RAPIDS, Mich., Jan. 18, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $11.6 million, or $0.74 per diluted share, for the fourth quarter of...
Mercantile Bank Corporation Raises Additional $15 Million of Subordinated Notes
GRAND RAPIDS, Mich., Jan. 14, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" or the "Company") today announced that it has issued an additional $15 million of its 3.25% ...
Mercantile Bank of Michigan Establishes The Mercantile Bank Foundation
GRAND RAPIDS, Mich., Dec. 30, 2021 /PRNewswire/ -- Mercantile Bank Corporation's (NASDAQ: MBWM) subsidiary bank Mercantile Bank of Michigan ("Mercantile Bank") announced today that it has formed The M...
Mercantile Bank Corporation Announces Fourth Quarter 2021 Results Conference Call and Webcast
GRAND RAPIDS, Mich., Dec. 17, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss fourth quarter 2021 results on Tuesday, January 18, 2022, at 10:00 ...
Mercantile Bank Corporation Closes Private Placement of $75 Million of Subordinated Notes
GRAND RAPIDS, Mich., Dec. 15, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" or the "Company") today announced the pricing of its issuance, offer, and sale of $75 millio...