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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Mercantile Bank (MBWM) Reports Next Week: Wall Street Expects Earnings Growth

Wintrust Financial

WTFC vs. MBWM: Which Stock Is the Better Value Option?

First Business Financial Services

FBIZ vs. MBWM: Which Stock Is the Better Value Option?

FBIZ or MBWM: Which Is the Better Value Stock Right Now?

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q1 2019 Results - Earnings Call Transcript

News for Mercantile Bank Stock (MBWM)