Welcome to our dedicated page for Mercantile Bk news (Ticker: MBWM), a resource for investors and traders seeking the latest updates and insights on Mercantile Bk stock.
Mercantile Bank Corporation (NASDAQ: MBWM) is a bank holding company based in Grand Rapids, Michigan, and the parent of Mercantile Bank and, effective December 31, 2025, Eastern Michigan Bank. This news page aggregates coverage of Mercantile’s public announcements, giving readers a focused view of developments affecting the company’s commercial banking operations and its role as one of the largest Michigan-based banking organizations.
Company news frequently highlights quarterly and annual financial results, including trends in net interest income, noninterest income categories such as mortgage banking, interest rate swap, treasury management, and payroll services fees, as well as asset quality metrics and capital measures. Press releases also discuss the company’s loan and deposit growth, loan-to-deposit ratio, and balance sheet composition, providing insight into Mercantile’s funding mix and lending activity.
Another key theme in Mercantile’s news flow is strategic transactions and partnerships. In 2025, the company announced and completed a definitive merger agreement with Eastern Michigan Financial Corporation, adding Eastern Michigan Bank as a subsidiary and expanding Mercantile’s footprint in Eastern and Southeastern Michigan. News items describe the receipt of regulatory approvals, the structure of the merger, and the planned consolidation of Eastern Michigan Bank into Mercantile Bank, subject to regulatory approvals.
Readers will also find updates on dividend declarations, where Mercantile’s Board of Directors announces regular quarterly cash dividends on common stock and explains how dividend decisions relate to financial performance and capital levels. Additional news includes information on technology initiatives, such as Mercantile Bank’s selection of Jack Henry’s core processing platform and Enterprise Workflow solution to support its long-term growth strategy and operational efficiency.
By following this news feed, investors and observers can review Mercantile Bank Corporation’s official communications on earnings, capital management, strategic mergers, technology projects, and other material events disclosed through press releases and referenced in SEC filings.
Mercantile Bank Corporation (NASDAQ: MBWM) announced the completion of its merger with Eastern Michigan Financial Corporation on December 31, 2025. Under the deal, Eastern shareholders receive $32.32 in cash plus 0.7116 shares of Mercantile common stock per Eastern share. Eastern Michigan Bank will operate alongside Mercantile Bank until a planned consolidation in Q1 2027, which is subject to approvals from the FDIC and Michigan Department of Insurance and Financial Services. Management says the combined organization will expand Mercantile's presence in Eastern Michigan and aim to serve local families and businesses with enhanced financial solutions.
Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call and webcast at 10:00 a.m. ET on Tuesday, January 20, 2026 to discuss fourth quarter and full year 2025 financial results. The company will release its fourth quarter and full year 2025 earnings release before markets open on January 20, 2026.
Investors can access the live webcast and the earnings release in the Investor Relations section at ir.mercbank.com. An audio archive will be available on the Mercantile Investor Relations website after the call.
Mercantile Bank Corporation (NASDAQ: MBWM) and Eastern Michigan Financial Corporation (OTCID: EFIN) announced on December 16, 2025 that the Federal Reserve Bank of Chicago has approved their proposed merger.
Under the Merger Agreement (amended October 5, 2025), Eastern will merge into a Mercantile acquisition subsidiary, which will then merge upstream into Mercantile. All required regulatory approvals to complete the merger have been received, subject to Eastern shareholder approval and customary closing conditions. The companies currently expect to complete the merger on December 31, 2025.
Post-close, Mercantile will operate as a two-bank holding company while Eastern Michigan Bank continues alongside Mercantile Bank until planned consolidation in Q1 2027, subject to FDIC and Michigan DIFS approvals. Eastern’s shareholder meeting is set for December 19, 2025 at 12:00 PM local time in Lexington, Michigan.
Mercantile Bank Corporation (NASDAQ: MBWM) reported Q3 2025 net income of $23.8M ($1.46 diluted) versus $19.6M ($1.22) in Q3 2024, and YTD net income $65.9M ($4.06) vs $60.0M ($3.72) a year earlier. Key drivers included net interest income expansion (~8%), growth in treasury management and payroll services fees, and a lower effective tax rate (~13% vs ~20%) due to transferable energy tax credits and tax credit investments.
Balance sheet highlights: total assets $6.31B, tangible book value per share $37.41 (up $4.27 since year-end 2024), deposits $4.81B, and a reduced loan-to-deposit ratio (102% to 96%). Asset quality remained mostly strong with limited charge-offs but a noted nonperforming commercial construction loan.
Mercantile Bank Corporation (NASDAQ: MBWM) announced that on Oct. 16, 2025 its Board declared a regular quarterly cash dividend of $0.38 per common share, payable on Dec. 17, 2025 to holders of record as of Dec. 5, 2025. The dividend equates to a current annual yield of approximately 3.4% and represents an increase of nearly 6% versus the cash dividend paid in Q4 2024.
The company cited sustained financial performance and said it expects to continue the regular cash dividend program while providing capital support for a recently announced partnership with Eastern Michigan Financial Corporation and projected asset growth.
Mercantile Bank Corporation (NASDAQ: MBWM) has scheduled its third quarter 2025 earnings conference call and webcast for Tuesday, October 21, 2025, at 10:00 a.m. ET. The earnings release will be available before market open on the same day through the company's investor relations website.
Investors can participate by dialing 1-844-868-8844 and requesting the "Mercantile Bank Corporation Call" or by accessing the live webcast at ir.mercbank.com. An audio archive will be made available on the company's investor relations website after the call.
Jack Henry (NASDAQ: JKHY) has been selected by Mercantile Bank, Michigan's largest community bank with $6.2 billion in assets, to modernize its technology infrastructure. The partnership follows a comprehensive two-year evaluation process involving over 60 stakeholders.
Mercantile Bank, operating nearly 50 locations statewide, will implement Jack Henry's core processing platform and Enterprise Workflow solution to enhance operations, automate processes, and improve system integration. The bank aims to support its expansion strategy across Michigan, particularly in Detroit, Eastern Michigan, and the Lakeshore regions.
Mercantile Bank Corporation (NASDAQ: MBWM) reported strong Q2 2025 results with net income of $22.6 million ($1.39 per diluted share), up from $18.8 million in Q2 2024. The bank demonstrated robust performance with net revenue of $60.9 million, a 7.4% increase year-over-year.
Key highlights include net interest income growth to $49.5 million, a stable net interest margin of 3.49%, and increased noninterest income of $11.5 million. The bank maintained strong asset quality with nonperforming assets at just 0.2% of total assets. Total assets reached $6.18 billion, with commercial loans growing at an annualized 6.2% during H1 2025.
Additionally, Mercantile announced a strategic partnership with Eastern Michigan Financial Corporation, positioning it as Michigan's largest locally founded and operated bank.
Mercantile Bank Corporation (NASDAQ: MBWM) has announced a definitive merger agreement with Eastern Michigan Financial Corporation (OTCID: EFIN) in a cash and stock transaction valued at $95.8 million. The combined entity will have total assets of $6.7 billion, loans of $4.9 billion, and deposits of $5.2 billion.
The merger strengthens Mercantile's position as Michigan's largest bank and adds 12 Eastern branches to Mercantile's 45-location network. EFIN brings significant value with its exceptional deposit franchise (42 bps cost of deposits) and substantial liquidity (46% loan-to-deposit ratio). The transaction is expected to be 11% accretive to Mercantile's earnings per share post-cost savings implementation.
The deal terms include 0.7116 Mercantile shares plus $32.32 in cash for each EFIN share. The merger is expected to close in Q4 2025, subject to regulatory and shareholder approvals.
Mercantile Bank Corporation (NASDAQ: MBWM) announced a quarterly cash dividend increase to $0.38 per common share, representing increases of nearly 3% from Q2 2025 and 6% from Q3 2024. The dividend will be payable on September 17, 2025, to shareholders of record as of September 5, 2025.
The increased dividend reflects a current annual yield of approximately 3.1%. According to CEO Ray Reitsma, the company's strong financial metrics and expected solid operating results position them well to maintain their dividend program while addressing macro-economic challenges and meeting asset expansion goals.
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