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 reports recurring developments for a Michigan-based bank holding company serving businesses, individuals, governmental units and institutions through Mercantile Bank and Eastern Michigan Bank. Company news centers on quarterly and annual operating results, including net interest income, funding costs, deposits, fee income categories, credit quality measures and regulatory capital levels.
Recurring announcements also cover common-stock cash dividends, earnings conference calls, investor presentation materials and corporate activity tied to the completed acquisition of Eastern Michigan Financial Corporation. The company’s updates emphasize community banking operations, commercial and consumer financial products, mortgage banking, treasury management, payroll services and the expanded Michigan banking footprint created by the acquisition.
Mercantile Bank Corporation (NASDAQ: MBWM) reported second quarter 2026 net income of $25.9 million, or $1.50 per diluted share, up from $22.6 million, or $1.39, a year earlier. First-half 2026 net income was $48.6 million, or $2.82 per diluted share, versus $42.2 million, or $2.60, in 2025. Excluding non-recurring acquisition and system conversion costs, adjusted net income was $26.4 million ($1.53 per diluted share) for the quarter and $51.7 million ($2.99) for the first half, with adjusted EPS up 10 percent and 15 percent versus 2025 periods.
Net revenue rose 12.8 percent to $68.8 million, driven by a 15.7 percent increase in net interest income and a higher net interest margin of 3.59 percent, supported by lower funding costs and strong commercial loan growth. ROA was 1.5 percent, ROE 14.0 percent, tangible book value per share reached $38.42, and asset quality and capital metrics remained strong, aided by a negative $1.8 million provision for credit losses and a reduced loan-to-deposit ratio of 93 percent on solid local deposit growth and lower brokered deposits.
Mercantile Bank Corporation (NASDAQ: MBWM) announced that its Board of Directors declared a regular quarterly cash dividend of $0.40 per common share on July 16, 2026. The dividend is payable on September 16, 2026 to shareholders of record on September 4, 2026. This amount is 2.6% higher than the dividend paid in the second quarter of 2026 and 5.3% higher than in the third quarter of 2025, and reflects a current annual dividend yield of about 2.8% based on the company’s figures.
Mercantile Bank (NASDAQ: MBWM) announced that subsidiary Mercantile Community Partners (MCP) has surpassed financing for 500 affordable housing units across Michigan since its 2023 founding, using Low-Income Housing Tax Credit (LIHTC) equity investments.
The milestone was reached via MCP’s investment in Flats on Bridge, a 24‑unit affordable housing project in Elk Rapids involving a $6.6 million MCP equity investment and $5.7 million in construction financing from Mercantile Bank. MCP has committed over $131 million in equity investments supporting affordable housing and community development across 24 Michigan counties, and also utilizes Historic Tax Credits with both direct and proprietary fund investment options.
Mercantile Bank (NASDAQ: MBWM) will hold a conference call and webcast at 10 a.m. ET on July 21, 2026 to discuss second quarter 2026 financial results.
The earnings release will be posted before markets open that day in the Investor Relations section at ir.mercbank.com, where the live webcast and an audio archive will also be available.
Mercantile Bank Corporation (NASDAQ: MBWM) reported net income of $22.7M (EPS $1.32) for Q1 2026 and adjusted net income of $25.2M (adjusted EPS $1.46). Net revenue rose >18% YoY driven by net interest income (+15%) and noninterest income (+34%). Tangible book value per share was $37.34. Total assets were $6.95B and deposits totaled $5.42B, with local deposits up $185M and loan-to-deposit ratio down to ~89%. Net interest margin was 3.55% and the company recorded a negative provision for credit losses of $1.8M.
Mercantile Bank Corporation (NASDAQ: MBWM) declared a regular quarterly cash dividend of $0.39 per common share, payable June 17, 2026, to shareholders of record on June 5, 2026. The dividend represents a 5.4% increase versus the second quarter 2025 dividend and equates to an annual yield of approximately 2.9%.
Management cited sustained first-quarter 2026 financial strength, a solid balance sheet, and asset quality as reasons for continuing the cash dividend program, while noting ongoing macroeconomic and geopolitical uncertainty.
Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10:00 a.m. ET on Tuesday, April 21, 2026 to discuss first quarter 2026 financial results. The company said the Q1 2026 earnings release will be issued before markets open on April 21, 2026 and posted at ir.mercbank.com.
Participants may access a live webcast at ir.mercbank.com at 10:00 a.m. ET on April 21, 2026; an audio archive will be available afterward on the Mercantile investor website.
Mercantile Bank Corporation (MBWM) was named Crain's Grand Rapids Business 2026 M&A Deal of the Year in Finance and Banking for its acquisition of Eastern Michigan Financial Corporation, which closed on December 31, 2025. The cash-and-stock transaction was valued at approximately $95.8 million and produced a combined organization with $6.8 billion in total assets, expanding Mercantile's statewide footprint while preserving local leadership and strengthening its funding position to support community lending and business growth.
Mercantile Bank Corporation (NASDAQ: MBWM) reported net income of $22.8M in Q4 2025 and $88.8M for full-year 2025, vs. $19.6M and $79.6M a year earlier. Key drivers included ~5% growth in net interest income, higher treasury management, mortgage banking and payroll services fees, a lower effective tax rate (14.2% in 2025 vs 19.0% in 2024), and a reduced provision for credit losses in Q4. Mercantile completed the acquisition of Eastern Michigan Financial Corporation (added $572M in assets) on December 31, 2025. Total assets grew to $6.84B and tangible book value per share rose to $36.78 (≈11% increase).
Mercantile Bank Corporation (NASDAQ: MBWM) board declared a regular quarterly cash dividend of $0.39 per common share on January 15, 2026, payable March 18, 2026, to holders of record as of March 6, 2026. The declared dividend represents an annual yield of approximately 3.1% and is 2.6% higher than the fourth-quarter 2025 dividend and 5.4% higher than the first-quarter 2025 dividend. Management said balance sheet strength, earnings performance, and asset quality metrics remain strong and that they expect to continue the regular cash dividend program while supporting expected asset growth.