Mercantile Bank

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.

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Mercantile Bank excels in Q4 2022, eyes strategic expansion

Mercantile Bank's Q4 2022 showcased strong financial performance, with a focus on maintaining asset quality and expanding strategically. Challenges in the real estate sector and reduced noninterest income were noted. The bank is capitalizing on opportunities through branch network optimization and market disruption.

Mercantile Bank (MBWM) reports robust Q1 earnings and eyes growth opportunities

Mercantile Bank's Q1 2023 performance showcased strong earnings growth, robust asset quality, and a focus on stability and community banking. While facing challenges in interest rate risk management and expense control, the bank can capitalize on opportunities in loan growth, construction lending, and operational efficiency. By maintaining its strengths and addressing challenges effectively, Mercantile Bank is poised for continued success in a dynamic economic environment.

Mercantile Bank reports strong Q2 earnings amidst economic uncertainties

Mercantile Bank's Q2 performance reflects solid earnings and a focus on community support. While facing challenges related to potential economic downturns and mortgage lending, the bank remains well-positioned with strong asset quality and proactive risk management. Opportunities in deposit initiatives, tax credit business, and mortgage banking present avenues for future growth.

Mercantile Bank (MBWM) reports robust Q3 earnings and strategic leadership transition

Mercantile Bank (MBWM) delivered strong financial performance in Q3 2023, with a focus on core strengths in commercial lending, asset quality, and expense control. While facing challenges such as declining net interest margin and provisions outlook, the bank is well-positioned to capitalize on opportunities for deposit and fee income growth. Strategic leadership changes were announced, with a smooth transition planned for the CEO role.

Mercantile Bank posts solid earnings amidst margin challenges and opportunities

Mercantile Bank delivered strong earnings and commercial loan growth in Q4 2023, despite challenges in net interest income and margin compression.
The bank's focus on technology investments and strategic repricing positions it well to navigate market uncertainties and optimize margins.
Opportunities for market share gains, margin optimization, and continued loan growth present avenues for sustained performance and shareholder value.
Maintaining a cautious approach to buybacks while emphasizing capital strength reflects prudent risk management in a dynamic market environment.

Mercantile Bank posts robust Q1 earnings amidst leadership transition

Mercantile Bank delivered solid financial performance in Q1 2024 with strong earnings and asset quality
While facing challenges in margin outlook and credit quality, the bank maintains a stable regulatory capital position
Opportunities lie in optimizing fee income, exploring strategic transactions, and navigating leadership transition

Mercantile Bank reports solid Q2 earnings amidst margin challenges

Mercantile Bank's Q2 2024 performance reflects a mix of strengths, challenges, and opportunities, with a focus on diversifying income sources and managing expenses.
The bank's strategic initiatives to grow commercial loans and improve asset quality position it well for future growth and stability.
While facing challenges in net interest margin and expense management, Mercantile Bank's strong capitalization and forecasted stability offer a solid foundation.
Navigating the balance between loan growth, credit quality, and capital allocation will be key for Mercantile Bank's sustained success in the evolving financial landscape.

Mercantile Bank reports solid Q3 growth amidst profitability challenges

Mercantile Bank's Q3 2024 performance reflects steady growth in deposits and loans, though challenges in net interest income persist.
The bank's strong asset quality and capital position provide a solid foundation for navigating market dynamics and seizing growth opportunities.
Strategic focus on optimizing the loan-to-deposit ratio and addressing margin expectations will be key for sustained profitability and competitiveness.

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Shares of Mercantile Bank (NASDAQ:MBWM) were flat in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 14.29% year over year to $0.66, which beat the estimate of $0.42.

Mercantile Bank: Q3 Earnings Insights

GRAND RAPIDS, Mich., Oct. 20, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $10.7 million, or $0.66 per diluted share, for the third quarter of 2020, compared with net income of $12.6 million, or $0.77 per diluted share, for the...

Mercantile Bank Corporation Reports Third Quarter 2020 Results

Mercantile Bank (MBWM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mercantile Bank (MBWM) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

GRAND RAPIDS, Mich., Sept. 30, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss third quarter 2020 results on Tuesday, October 20, 2020, at 10:00 a.m. Eastern Time. Interested parties may access the conference call by dialing...

Mercantile Bank Corporation Announces Third Quarter Conference Call and Webcast

GRAND RAPIDS, Mich., Aug. 27, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"), announced today the appointments of David B.

Mercantile Bank Corporation and Mercantile Bank of Michigan Appoint New Members to Board of Directors

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q2 2020 Results - Earnings Call Transcript

GRAND RAPIDS, Mich., July 21, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $8.7 million, or $0.54 per diluted share, for the second quarter of 2020, compared with net income of $11.7 million, or $0.71 per diluted share, for the.

Mercantile Bank Corporation Reports Second Quarter 2020 Results

Mercantile Bank (MBWM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Mercantile Bank (MBWM) This Earnings Season?

Mercantile Bank (MBWM) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q1 2020 Results - Earnings Call Transcript

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 47.73% and 4.74%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Mercantile Bank (MBWM) Q1 Earnings and Revenues Beat Estimates

Why Earnings Season Could Be Great for Mercantile Bank (MBWM)

Mercantile Bank (MBWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Mercantile Bank (MBWM) Q1 Earnings Expected to Decline

Mercantile Bank Corporation: An Undervalued Gem In An Overvalued Market

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q4 2019 Results - Earnings Call Transcript

Earnings Preview: Mercantile Bank (MBWM) Q4 Earnings Expected to Decline

COSTA MESA, Calif., Dec.  20, 2019  (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has been awarded a Top Workplaces 2019 honor by The Orange County Register. The list is based solely on  employee feedback  gathered through a third-party survey administered by research partner  Energage , LLC, a leading provider of technology-based employee engagement tools. The anonymous survey measures several aspects of workplace culture, including alignment, execution, and connection, just to name a few.

The Orange County Register Names Pacific Mercantile Bank a Winner of the Orange County Top Workplaces 2019 Award

COSTA MESA, Calif., Dec.  11, 2019  (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a credit facility to Mako Steel.  The credit facility supplements the recent investment in Mako Steel made by  New State Capital Partners , as well as provides for ongoing working capital needs.  In addition to the financing, Mako Steel utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services.

Pacific Mercantile Bank Provides Financing to Mako Steel

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q3 2019 Results - Earnings Call Transcript

COSTA MESA, Calif., Sept.  18, 2019  (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a $5.0 million credit facility to RoadEx America.  In addition to the financing, RoadEx utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services. 

Pacific Mercantile Bank Provides $5.0 Million Credit Facility to RoadEx America

COSTA MESA, Calif., Sept.  12, 2019  (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a $4.5 million credit facility to BTG Textiles.  In addition to the financing, BTG Textiles utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services. 

Pacific Mercantile Bank Provides $4.5 Million in Financing to BTG Textiles

COSTA MESA, Calif., Sept.  03, 2019  (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a $5.3 million credit facility to 3LB Restaurant Concepts (“3LB”) to restructure the company’s existing debt and support its continued expansion. In addition to the financing, 3LB utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services. 

Pacific Mercantile Bank Provides $5.3 Million Credit Facility to 3LB Restaurant Concepts

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q2 2019 Results - Earnings Call Transcript

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 3.28% and 5.45%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

News for Mercantile Bank Stock (MBWM)