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Mercantile Bank Corp. - MBWM STOCK NEWS

Welcome to our dedicated news page for Mercantile Bank (Ticker: MBWM), a resource for investors and traders seeking the latest updates and insights on Mercantile Bank.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mercantile Bank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mercantile Bank's position in the market.

Rhea-AI Summary
Mercantile Bank (MBWM) will host a conference call and webcast on April 16, 2024, to discuss its first quarter 2024 financial results. The earnings release will be available on the company's website. Participants can join the call by dialing a provided number or accessing the webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
Tags
earnings
-
Rhea-AI Summary
Mercantile Bank Corporation (NASDAQ: MBWM) reported a net income of $20.0 million for the fourth quarter of 2023, an increase in net interest income by approximately 22% compared to 2022, and a full-year net income of $82.2 million, reflecting a substantial rise from 2022. The company also announced higher dividends for the first quarter of 2024, showcasing confidence in their financial position and future prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
Tags
earnings
-
Rhea-AI Summary
Mercantile Bank Corporation (MBWM) has declared a regular quarterly cash dividend of $0.35 per common share, resulting in an annual yield of approximately 3.7 percent. This dividend is 3 percent and 6 percent higher than the cash dividends paid during the fourth quarter and first quarter of 2023, respectively. The company aims to provide competitive returns to shareholders based on its sustained financial strength and solid operating results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
Tags
dividends
Rhea-AI Summary
Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast to discuss fourth quarter and full year 2023 financial results on January 16, 2024. The earnings release will be available on the company's website. Participants can access the call by dialing 1-844-868-8844 or through the webcast at ir.mercbank.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
earnings
-
Rhea-AI Summary
Mercantile Bank CEO Robert B. Kaminski Jr. plans to retire in 2024, with Raymond E. Reitsma set to take over as President and CEO. Kaminski will remain on the Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.38%
Tags
none
-
Rhea-AI Summary
Mercantile Bank Corporation reports substantial increase in net interest income and ongoing loan portfolio expansion
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.38%
Tags
earnings
Rhea-AI Summary
Mercantile Bank Corporation declares $0.34 regular quarterly cash dividend on common stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.38%
Tags
dividends
-
Rhea-AI Summary
Mercantile Bank Corporation to discuss Q3 2023 financial results in conference call and webcast on October 17, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.16%
Tags
earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.16%
Tags
dividends
Mercantile Bank Corp.

Nasdaq:MBWM

MBWM Rankings

MBWM Stock Data

620.33M
31.16M
3.9%
60.7%
0.97%
Commercial Banking
Finance and Insurance
Link
US
Grand Rapids

About MBWM

mercantile bank of michigan was founded in 1997 by directors and bankers who firmly believe that customers, employees, and the communities they live in, are best served by financial institutions with local roots. at mercantile bank, we use our local directors, our commitment to the community, and our knowledge of michigan to enable us to deliver our services in a way that truly sets us apart from our competitors. we feel our focus on the michigan business community is the best way to help build the economy, and ultimately the community.