Mercantile Bank Corporation (MBWM)

NASDAQ: MBWM · IEX Real-Time Price · USD
38.49
+0.45 (1.18%)
Mar 28, 2024, 4:00 PM EDT - Market closed
1.18%
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]

Sector Financials
IPO Date Aug 7, 1997
Employees 631
Stock Exchange NASDAQ
Ticker Symbol MBWM
Full Company Profile

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 Statements

News

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

9 months ago - PRNewsWire

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.

9 months ago - PRNewsWire

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...

1 year ago - PRNewsWire

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.

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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.

1 year ago - PRNewsWire

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.

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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

1 year ago - Benzinga

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...

1 year ago - PRNewsWire

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....

1 year ago - PRNewsWire

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...

2 years ago - PRNewsWire

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...

2 years ago - PRNewsWire

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...

2 years ago - PRNewsWire

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% ...

2 years ago - PRNewsWire

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...

2 years ago - PRNewsWire

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 ...

2 years ago - PRNewsWire

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...

2 years ago - PRNewsWire