Mercantile Bank Corporation Stock News

Mercantile Bank's main challenge remains weak deposit growth, limiting its ability to capitalize on strong loan demand and keeping the loan-to-deposit ratio near 100%. Management is mitigating interest rate risk by increasing fixed-rate securities, which should gradually boost net interest margin as low-yield bonds mature and are reinvested. The bank maintains a solid dividend yield (3.17%) wit...

Mercantile Bank Corporation (NASDAQ:MBWM ) Q2 2025 Earnings Conference Call July 22, 2025 10:00 AM ET Company Participants Nichole Kladder - Chief Marketing Officer Raymond Reitsma - President, CEO & Director Charles Christmas - Executive VP, CFO & Treasurer Conference Call Participants Daniel Tamayo - CGS International Nathan Race - Piper Sandler & Co., Research Division Damon Del Monte - Keef...

Net interest income expansion, substantial noninterest income growth, and ongoing strength in asset quality metrics and capital levels highlight the quarter GRAND RAPIDS, Mich. , July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $22.6 million, or $1.39 per diluted share, for the second quarter of 2025, compared with net income of $18....

Partnership strengthens Mercantile's position as Michigan's largest bank by total assets, enhances core deposit base and liquidity, and accelerates growth in key markets GRAND RAPIDS, Mich., July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation ("Mercantile") (NASDAQ: MBWM) and Eastern Michigan Financial Corporation ("EFIN") (OTCID: EFIN) today jointly announced that they have entered into ...

Board declares $0.38 regular quarterly cash dividend on common stock,  resulting in a current annual yield of approximately 3.1 percent GRAND RAPIDS, Mich. , July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.38 per common share, payable on Septembe...

GRAND RAPIDS, Mich. , June 30, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.

Over $200,000 provided to nonprofits through Federal Home Loan Bank of Indianapolis  Community Multiplier Program GRAND RAPIDS, Mich. , May 1, 2025 /PRNewswire/ -- Mercantile Bank is proud to announce its participation in the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis)  Community Multiplier  program, resulting in over  $200,000 in grant funding awarded to six nonprofit organiz...

Mercantile Bank Corporation (NASDAQ:MBWM ) Q1 2025 Earnings Conference Call April 22, 2025 10:00 AM ET Company Participants Ray Reitsma - President & CEO Chuck Christmas - EVP & CFO Nichole Kladder - CMO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tamayo - Raymond James Damon DelMonte - KBW Adam Kroll - Piper Sandler Operator Good morning, and welcome to the Mercantile Bank ...