Mercantile Bank Corp (MBWM)
Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 30, 2026.
Key facts about Mercantile Bank Corp
- Net worth
- Mercantile Bank Corp has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $743.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $18M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 30, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Mercantile Bank Corp's next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Mercantile Bank Corp paid dividends of $1.50 per share in fiscal 2025, a yield of 2.43% at the current price.
What Mercantile Bank Corp does
Mercantile Bank Corp is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NASDAQ under the ticker MBWM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $88.8M | $5.47 | n/a |
| 2024 | n/a | $79.6M | $4.93 | n/a |
| 2023 | n/a | $82.2M | $5.13 | n/a |
| 2022 | n/a | $61.1M | $3.85 | n/a |
| 2021 | n/a | $59M | $3.69 | n/a |
| 2020 | n/a | $44.1M | $2.71 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Mercantile Bank Corp paid $1.50 per share in fiscal 2025. At the current price that is a yield of 2.43%. It paid out $24M in cash dividends, 27% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.50 | $24M | 27% |
| 2024 | $1.40 | $22.5M | 28% |
| 2023 | $1.34 | $21M | 26% |
| 2022 | $1.26 | $19.6M | 32% |
| 2021 | $1.18 | $18.5M | 31% |
| 2020 | $1.12 | $17.9M | 41% |
Latest SEC filings
What Mercantile Bank Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026
- October 20, 2026
- September 29, 2026
- September 25, 2026Executive or director change8-KMercantile Bank Corporation approved a $3,000,000 bonus plan for merger integration and core banking system conversion.
- July 31, 2026
- July 21, 2026
- May 27, 2026
- May 21, 2026
- May 15, 2026Passive stake (5% or more) SCHEDULE 13G
- May 1, 2026
Insider trades
What the people running Mercantile Bank Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 22, 2026 | Sanchez Nelson FDirector | Received as pay | 36 | - |
| May 22, 2026 | Price Michael HDirector | Received as pay | 1,096 | - |
| May 22, 2026 | Ramaker David BDirector | Received as pay | 801 | - |
| May 22, 2026 | Eldridge Michelle LarabeeDirector | Received as pay | 830 | - |
| May 22, 2026 | Davenport Michael S.Director | Received as pay | 753 | - |
| May 22, 2026 | Sparks Amy LDirector | Received as pay | 906 | - |
| May 22, 2026 | Sanchez Nelson FDirector | Received as pay | 715 | - |
| May 22, 2026 | Jones Joseph DDirector | Received as pay | 715 | - |
Who owns MBWM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Wellington Management Group LLP13G, passive with 3 related filers | 6.9% | May 15, 2026 |
| Dimensional Fund Advisors LP13G, passive | 6% | January 21, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 207 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 1,534,392 | +145,678 |
| Wellington Management Group Llp | 1,087,998 | -101,033 |
| Dimensional Fund Advisors LP | 1,046,841 | +13,953 |
| Vanguard Capital Management LLC | 735,613 | +31,289 |
| American Century Companies Inc | 625,015 | +63,548 |
| State Street Corp | 598,641 | +96,173 |
| Geode Capital Management, LLC | 466,410 | +31,398 |
| Renaissance Technologies LLC | 446,613 | -25,600 |
| North Star Asset Management Inc | 377,427 | -5,753 |
| Vanguard Portfolio Management LLC | 290,093 | +14,772 |
| Northern Trust Corp | 240,668 | +8,068 |
| Tributary Capital Management, LLC | 218,146 | -6,486 |
| Two Sigma Investments, LP | 213,740 | +32,093 |
| Hotchkis & Wiley Capital Management LLC | 192,503 | +1,350 |
| Charles Schwab Investment Management Inc | 144,188 | +3,742 |
| Jpmorgan Chase & Co | 140,097 | -8,761 |
| Aqr Capital Management LLC | 137,726 | -8,987 |
| Banc Funds Co LLC | 131,160 | 0 |
| Mercer Global Advisors Inc | 127,923 | -1,334 |
| Morgan Stanley | 123,030 | -4,206 |
Insiders
17 insiders reported holding 310,829 shares in total, about $19.2M at the last price.
| Holder | Shares |
|---|---|
| Christmas Charles EEVP & CFO | 70,527 |
| Reitsma Raymond E.President and CEO, Director | 64,270 |
| Augustyn Mark SEVP&Chief Comm Banking Officer | 32,499 |
| Setlock Scott PEVP, COO, & SECRETARY | 23,143 |
| Hoover BrettEVP & CHIEF HR OFFICER | 18,520 |
| Randall Tara MEVP & Chief Experience Officer | 16,578 |
| Ramaker David BDirector | 15,815 |
| Price Michael HDirector | 12,994 |
| Eldridge Michelle LarabeeDirector | 12,670 |
| Davenport Michael S.Director | 9,594 |
Questions about MBWM
What does Mercantile Bank Corp do?
Mercantile Bank Corp is a company in the Finance sector, listed on NASDAQ as MBWM. Its shares trade on NASDAQ under the ticker MBWM.
What is Mercantile Bank Corp's net worth?
Mercantile Bank Corp has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $743.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Mercantile Bank Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $95.5M.
When did Mercantile Bank Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 30, 2026. It covers the period to September 30, 2026.
When is Mercantile Bank Corp's next earnings report?
Mercantile Bank Corp's next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Mercantile Bank Corp pay a dividend?
Yes. Mercantile Bank Corp paid dividends of $1.50 per share in fiscal 2025, a yield of 2.43% at the current price.
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Where the numbers come from
Financial figures are the values Mercantile Bank Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.