Mercantile Bank Corp
MBWM44.823USD
+0.383+0.86%
Market hours （ET）Quotes delayed by 15 min
728.32MMarket Cap
9.39P/E TTM
More Details of Mercantile Bank Corp Company
Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.
Company Info
Ticker SymbolMBWM
Company nameMercantile Bank Corp
IPO dateOct 24, 1997
CEOMr. Raymond E. Reitsma
Number of employees648
Security typeOrdinary Share
Fiscal year-endOct 24
Address310 Leonard St NW
CityGRAND RAPIDS
Stock exchangeNASDAQ Global Select Consolidated
CountryUnited States of America
Postal code49504
Phone16164063000
Websitehttps://ir.mercbank.com/
Ticker SymbolMBWM
IPO dateOct 24, 1997
CEOMr. Raymond E. Reitsma
Company Executives
Name
Name/Position
Position
Shareholding
Change
Mr. Charles E. Christmas
Mr. Charles E. Christmas
Chief Financial Officer, Executive Vice President and Treasurer of Mercantile; Executive Vice President and Chief Financial Officer of the Bank
Chief Financial Officer, Executive Vice President and Treasurer of Mercantile; Executive Vice President and Chief Financial Officer of the Bank
119.00K
+1.83%
Mr. Raymond E. Reitsma
Mr. Raymond E. Reitsma
President, Chief Executive Officer, Director
President, Chief Executive Officer, Director
79.75K
+0.90%
Mr. Michael H. Price
Mr. Michael H. Price
Independent Chairman of the Board of the Mercantile and Bank
Independent Chairman of the Board of the Mercantile and Bank
50.64K
+0.09%
Mr. Mark S Augustyn
Mr. Mark S Augustyn
Executive Vice President, Chief Commercial Banking Officer of the Bank
Executive Vice President, Chief Commercial Banking Officer of the Bank
32.20K
+1.66%
Mr. Scott P. Setlock
Mr. Scott P. Setlock
Chief Operating Officer, Executive Vice President, Secretary of Mercantile and of the Bank
Chief Operating Officer, Executive Vice President, Secretary of Mercantile and of the Bank
29.59K
+0.93%
Ms. Michelle Larabee Eldridge
Ms. Michelle Larabee Eldridge
Independent Director
Independent Director
18.59K
+0.18%
Ms. Tara M Randall
Ms. Tara M Randall
Executive Vice President, Chief Experience Officer of the Bank
Executive Vice President, Chief Experience Officer of the Bank
15.20K
--
Mr. David B. Ramaker
Mr. David B. Ramaker
Independent Director
Independent Director
13.51K
+0.15%
Mr. Joseph D Jones
Mr. Joseph D Jones
Independent Director
Independent Director
5.79K
+17.18%
Mr. Nelson F. Sanchez
Mr. Nelson F. Sanchez
Independent Director
Independent Director
5.57K
+17.99%
View more
Name
Name/Position
Position
Shareholding
Change
Mr. Charles E. Christmas
Mr. Charles E. Christmas
Chief Financial Officer, Executive Vice President and Treasurer of Mercantile; Executive Vice President and Chief Financial Officer of the Bank
Chief Financial Officer, Executive Vice President and Treasurer of Mercantile; Executive Vice President and Chief Financial Officer of the Bank
119.00K
+1.83%
Mr. Raymond E. Reitsma
Mr. Raymond E. Reitsma
President, Chief Executive Officer, Director
President, Chief Executive Officer, Director
79.75K
+0.90%
Mr. Michael H. Price
Mr. Michael H. Price
Independent Chairman of the Board of the Mercantile and Bank
Independent Chairman of the Board of the Mercantile and Bank
50.64K
+0.09%
Mr. Mark S Augustyn
Mr. Mark S Augustyn
Executive Vice President, Chief Commercial Banking Officer of the Bank
Executive Vice President, Chief Commercial Banking Officer of the Bank
32.20K
+1.66%
Mr. Scott P. Setlock
Mr. Scott P. Setlock
Chief Operating Officer, Executive Vice President, Secretary of Mercantile and of the Bank
Chief Operating Officer, Executive Vice President, Secretary of Mercantile and of the Bank
29.59K
+0.93%
Ms. Michelle Larabee Eldridge
Ms. Michelle Larabee Eldridge
Independent Director
Independent Director
18.59K
+0.18%
Revenue Breakdown
No Data
No Data
By Business
By Region
No Data
Shareholding Stats
Updated: Sat, May 17
Updated: Sat, May 17
Shareholders
Shareholder Types
Shareholders
Shareholders
Proportion
BlackRock Institutional Trust Company, N.A.
7.95%
Dimensional Fund Advisors, L.P.
6.63%
The Vanguard Group, Inc.
6.40%
Renaissance Technologies LLC
3.13%
State Street Global Advisors (US)
2.80%
Other
73.10%
Shareholders
Shareholders
Proportion
BlackRock Institutional Trust Company, N.A.
7.95%
Dimensional Fund Advisors, L.P.
6.63%
The Vanguard Group, Inc.
6.40%
Renaissance Technologies LLC
3.13%
State Street Global Advisors (US)
2.80%
Other
73.10%
Shareholder Types
Shareholders
Proportion
Investment Advisor
36.36%
Investment Advisor/Hedge Fund
20.29%
Hedge Fund
5.92%
Individual Investor
3.46%
Research Firm
2.25%
Pension Fund
0.54%
Bank and Trust
0.45%
Family Office
0.29%
Insurance Company
0.03%
Other
30.40%
Institutional Shareholding
Updated: Tue, Jul 1
Updated: Tue, Jul 1
Reporting Period
No. of institutions
Shares Held
Proportion
Change
2025Q2
359
11.24M
69.21%
-556.05K
2025Q1
368
11.27M
69.42%
-532.04K
2024Q4
349
11.13M
68.60%
-220.76K
2024Q3
332
10.89M
67.46%
-486.13K
2024Q2
327
10.79M
66.85%
-57.63K
2024Q1
314
10.51M
65.17%
-178.16K
2023Q4
298
10.43M
65.12%
-23.59K
2023Q3
291
10.82M
67.63%
-374.38K
2023Q2
280
10.69M
66.87%
-497.30K
2023Q1
284
10.75M
67.29%
-97.42K
View more
Shareholder Activity
Name
Shares Held
Proportion
Change
Chg %
Date
BlackRock Institutional Trust Company, N.A.
1.29M
7.95%
-23.36K
-1.78%
Mar 31, 2025
Dimensional Fund Advisors, L.P.
1.08M
6.63%
-31.21K
-2.82%
Mar 31, 2025
The Vanguard Group, Inc.
1.01M
6.24%
+147.30K
+17.02%
Mar 31, 2025
Renaissance Technologies LLC
508.39K
3.13%
-2.42K
-0.47%
Mar 31, 2025
State Street Global Advisors (US)
454.38K
2.8%
-14.54K
-3.10%
Mar 31, 2025
American Century Investment Management, Inc.
426.63K
2.63%
+36.68K
+9.41%
Mar 31, 2025
Geode Capital Management, L.L.C.
388.28K
2.39%
+11.38K
+3.02%
Mar 31, 2025
North Star Asset Management Inc.
359.33K
2.21%
-117.00
-0.03%
Mar 31, 2025
LSV Asset Management
321.49K
1.98%
+34.78K
+12.13%
Mar 31, 2025
Tributary Capital Management, LLC
277.82K
1.71%
-9.67K
-3.36%
Mar 31, 2025
View more
Related ETFs
Updated: Sat, Aug 2
Updated: Sat, Aug 2
Name
Proportion
ProShares Russell 2000 Dividend Growers ETF
0.97%
Royce Quant Small-Cap Quality Value ETF
0.5%
First Trust NASDAQ ABA Community Bank Index Fund
0.39%
ALPS Barron's 400 ETF
0.24%
Inspire Small/Mid Cap ESG ETF
0.21%
Federated Hermes MDT Small Cap Core ETF
0.21%
iShares Micro-Cap ETF
0.17%
Avantis US Small Cap Value ETF
0.11%
WisdomTree US SmallCap Fund
0.1%
Avantis US Small Cap Equity ETF
0.1%
View more
ProShares Russell 2000 Dividend Growers ETF
Proportion0.97%
Royce Quant Small-Cap Quality Value ETF
Proportion0.5%
First Trust NASDAQ ABA Community Bank Index Fund
Proportion0.39%
ALPS Barron's 400 ETF
Proportion0.24%
Inspire Small/Mid Cap ESG ETF
Proportion0.21%
Federated Hermes MDT Small Cap Core ETF
Proportion0.21%
iShares Micro-Cap ETF
Proportion0.17%
Avantis US Small Cap Value ETF
Proportion0.11%
WisdomTree US SmallCap Fund
Proportion0.1%
Avantis US Small Cap Equity ETF
Proportion0.1%
Dividend
A total of
99.53M
USD has been distributed in dividends over the past 5 years.
Date
Dividend
Record Date
Payment Date
Ex-dividend Date
Jan 21, 2025
MBWM.NB Interim Cash Dividend of gross USD 0.37 paid on Mar 19, 2025 going ex on Mar 07, 2025
Mar 07, 2025
Mar 19, 2025
Mar 07, 2025
Oct 15, 2024
MBWM.NB Final Cash Dividend of gross USD 0.36 paid on Dec 18, 2024 going ex on Dec 06, 2024
Dec 06, 2024
Dec 18, 2024
Dec 06, 2024
Jul 16, 2024
MBWM.NB Interim Cash Dividend of gross USD 0.36 paid on Sep 18, 2024 going ex on Sep 06, 2024
Sep 06, 2024
Sep 18, 2024
Sep 06, 2024
Apr 16, 2024
MBWM.NB Interim Cash Dividend of gross USD 0.35 paid on Jun 19, 2024 going ex on Jun 07, 2024
Jun 07, 2024
Jun 19, 2024
Jun 07, 2024
Jan 16, 2024
MBWM.NB Interim Cash Dividend of gross USD 0.35 paid on Mar 13, 2024 going ex on Feb 29, 2024
Mar 01, 2024
Mar 13, 2024
Feb 29, 2024
Oct 17, 2023
MBWM.NB Final Cash Dividend of gross USD 0.34 paid on Dec 13, 2023 going ex on Nov 30, 2023
Dec 01, 2023
Dec 13, 2023
Nov 30, 2023
Jul 18, 2023
MBWM.NB Interim Cash Dividend of gross USD 0.34 paid on Sep 13, 2023 going ex on Aug 31, 2023
Sep 01, 2023
Sep 13, 2023
Aug 31, 2023
Apr 18, 2023
MBWM.NB Interim Cash Dividend of gross USD 0.33 paid on Jun 14, 2023 going ex on Jun 01, 2023
Jun 02, 2023
Jun 14, 2023
Jun 01, 2023
Jan 17, 2023
MBWM.NB Interim Cash Dividend of gross USD 0.33 paid on Mar 15, 2023 going ex on Mar 02, 2023
Mar 03, 2023
Mar 15, 2023
Mar 02, 2023
Oct 18, 2022
MBWM.NB Final Cash Dividend of gross USD 0.32 paid on Dec 14, 2022 going ex on Dec 01, 2022
Dec 02, 2022
Dec 14, 2022
Dec 01, 2022
View more
Stock Split
Date
Type
Ratio
No Data
Date
Type
Ratio
No Data
