Raymond James upgraded Mercantile Bank from Outperform to Strong Buy and set a new price target of $44.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/24/2025 | $55.00 | Mkt Perform → Outperform | Raymond James |
| 1/22/2025 | $54.00 | Market Perform → Outperform | Hovde Group |
| 5/8/2024 | Buy → Neutral | Janney | |
| 3/4/2024 | Outperform → Market Perform | Hovde Group | |
| 1/16/2024 | Neutral → Buy | Janney | |
| 3/7/2023 | $38.00 → $40.00 | Neutral → Overweight | Piper Sandler |
| 1/18/2023 | Outperform → Mkt Perform | Raymond James | |
| 10/6/2022 | $44.00 → $35.00 | Strong Buy → Outperform | Raymond James |
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
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 $18.8 million, or $1.17 per diluted share, for the second quarter of 2024. Net income during the first six months of 2025 totaled $42.2 million, or $2.60 per diluted share, compared with net income of $40.3 million, or $2.50 per diluted share, during the first six months of 2024.
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 a definitive merger agreement pursuant to which EFIN and its wholly owned subsidiary, Eastern Michigan Bank ("Eastern"), will combine with Mercantile in a cash and stock transaction valued at approximately $95.8 million, as detailed below. Based on financial data as of June 30, 2025, the combined compa
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 September 17, 2025, to holders of record as of September 5, 2025. The $0.38 cash dividend represents increases of nearly 3 percent and 6 percent from the cash dividends paid during the second quarter of 2025 and third quarter of 2024, respectively.
10-Q - MERCANTILE BANK CORP (0001042729) (Filer)
425 - MERCANTILE BANK CORP (0001042729) (Subject)
8-K/A - MERCANTILE BANK CORP (0001042729) (Filer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
Raymond James upgraded Mercantile Bank from Mkt Perform to Outperform and set a new price target of $55.00
Hovde Group upgraded Mercantile Bank from Market Perform to Outperform and set a new price target of $54.00
Janney downgraded Mercantile Bank from Buy to Neutral
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 $18.8 million, or $1.17 per diluted share, for the second quarter of 2024. Net income during the first six months of 2025 totaled $42.2 million, or $2.60 per diluted share, compared with net income of $40.3 million, or $2.50 per diluted share, during the first six months of 2024.
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 September 17, 2025, to holders of record as of September 5, 2025. The $0.38 cash dividend represents increases of nearly 3 percent and 6 percent from the cash dividends paid during the second quarter of 2025 and third quarter of 2024, respectively.
GRAND RAPIDS, Mich., June 30, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, July 22, 2025, to discuss second quarter 2025 financial results. The Company's second quarter 2025 earnings release will be released before markets open on Tuesday, July 22, 2025, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on July 22, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the "Mercantile B
GRAND RAPIDS, Mich., Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that President and Chief Executive Officer ("CEO") Robert B. Kaminski. Jr., intends to retire effective June 1, 2024. Mr. Kaminski will remain on the Board of Directors. In conjunction with Mr. Kaminski's retirement, Raymond E. Reitsma will be appointed President and CEO of Mercantile effective June 1, 2024. Mr. Reitsma will continue to serve in his current role as Executive Vice President and Chief Operating Officer until June 1, 2024. Mr. Kaminski commented, "The management succession process is an ongoing responsibility which is v
GRAND RAPIDS, Mich., Dec. 1, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile"), announced today the appointments of Amy L. Sparks, CPA and Nelson F. Sanchez, CPA to the Bank's Board of Directors in the second half of 2022. "We are thrilled to welcome two new Directors who bring a wealth of experience in business, finance and manufacturing as we expand the diversification of perspectives across our Board. Amy's executive leadership of solidifying financial performance, organizational development, diversifying into new markets and increased employee e
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)