Welcome to our dedicated page for Mercantile Bk SEC filings (Ticker: MBWM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Mercantile Bank Corporation filings document the regulatory record of a Michigan bank holding company and its bank subsidiaries. The company’s 8-K reports furnish earnings releases and Regulation FD presentation materials covering operating results, financial condition, net interest income, funding trends, asset quality, capital measures and fee-based banking activities.
Its SEC record also includes proxy disclosures on board matters, executive compensation and equity awards, along with material-event filings for governance actions such as executive officer bonus plans. Additional filing categories address material agreements, shareholder voting matters and capital-structure disclosure relevant to Mercantile’s common stock and bank holding company operations.
Mercantile Bank Corporation reported the results of its Annual Meeting of shareholders held on May 21, 2026. Shareholders elected twelve directors, each receiving over 10.6 million votes in favor, with relatively small withheld votes and 2,447,511 broker non-votes recorded for each nominee.
Shareholders also ratified the appointment of Plante & Moran, PLLC as the independent registered public accounting firm for 2026 with 13,471,113 votes for, 54,526 against, and 9,505 abstentions. In addition, an advisory vote to approve the compensation of named executive officers passed with 10,539,827 votes for, 323,243 against, 224,563 abstentions, and 2,447,511 broker non-votes.
Wellington Management group filed a Schedule 13G reporting shared beneficial ownership of 1,189,031 shares of Mercantile Bank Corporation common stock, representing 6.9% of the class as of 03/31/2026. The filing lists multiple Wellington entities and states these shares are owned of record by clients of Wellington investment advisers.
The cover responses show shared voting power and shared dispositive power across the named Wellington entities; signatures are dated 05/15/2026.
Mercantile Bank Corporation reported stronger results for the quarter ended March 31, 2026. Net income rose to $22.7 million from $19.5 million a year earlier, and diluted earnings per share increased to $1.32 from $1.21. Net interest income improved to $55.9 million, helped by lower interest expense, while provision for credit losses swung to a negative $1.8 million, reflecting improved credit expectations. Noninterest income grew to $11.7 million, but noninterest expenses increased to $42.1 million, driven by $2.9 million in core conversion costs and $0.3 million in acquisition costs tied to the Eastern Michigan Bank merger. Total assets reached $6.95 billion and deposits grew to $5.42 billion, while loans were essentially flat at $4.82 billion and nonaccrual loans remained low at $7.5 million.
Mercantile Bank Corporation reported stronger first quarter 2026 results, with higher earnings and solid asset quality. Net income rose to $22.7 million, or $1.32 per diluted share, from $19.5 million, or $1.21, a year earlier. On a non-GAAP basis excluding one-time acquisition and core system conversion costs, net income was $25.2 million, or $1.46 per diluted share, about 21 percent higher than the prior-year quarter.
Net revenue reached $67.6 million, up 18.1 percent, driven by $55.9 million of net interest income and $11.7 million of noninterest income, including strong treasury management, swap, mortgage banking, and card fee growth. The net interest margin improved to 3.55 percent as the cost of funds fell to 1.87 percent. Total assets grew to $6.95 billion, deposits to $5.42 billion, and the loan-to-deposit ratio declined to 89 percent. Asset quality remained strong, with nonperforming assets at $7.5 million, or 0.11 percent of total assets, and net loan recoveries in the quarter.
Mercantile Bank Corporation reported stronger first quarter 2026 results, with higher earnings and solid asset quality. Net income rose to $22.7 million, or $1.32 per diluted share, from $19.5 million, or $1.21, a year earlier. On a non-GAAP basis excluding one-time acquisition and core system conversion costs, net income was $25.2 million, or $1.46 per diluted share, about 21 percent higher than the prior-year quarter.
Net revenue reached $67.6 million, up 18.1 percent, driven by $55.9 million of net interest income and $11.7 million of noninterest income, including strong treasury management, swap, mortgage banking, and card fee growth. The net interest margin improved to 3.55 percent as the cost of funds fell to 1.87 percent. Total assets grew to $6.95 billion, deposits to $5.42 billion, and the loan-to-deposit ratio declined to 89 percent. Asset quality remained strong, with nonperforming assets at $7.5 million, or 0.11 percent of total assets, and net loan recoveries in the quarter.
Mercantile Bank Corporation is holding its 2026 annual meeting of shareholders as a virtual-only webcast on May 21, 2026 at 9:00 a.m. Eastern Time. Shareholders of record at the close of business on March 27, 2026, when 17,274,899 common shares were outstanding, are entitled to vote.
Investors are being asked to elect twelve directors for one-year terms, ratify Plante & Moran, PLLC as independent auditor for 2026, and approve on an advisory basis the compensation of named executive officers. The Board highlights that 92% of directors are independent, the Chair and CEO roles are separated, and about 58% of directors reflect racial or gender diversity. Executive pay is structured with base salary, short- and long-term incentives, and equity awards tied to multi-metric performance plans focused on earnings, returns and efficiency.
The Vanguard Group filed Amendment No. 2 on Schedule 13G/A reporting zero beneficial ownership of Mercantile Bank Corp common stock following an internal realignment effective January 12, 2026. The filing states certain subsidiaries or business divisions will report ownership separately in reliance on SEC Release No. 34-39538.
The filing is signed by Ashley Grim, Head of Global Fund Administration, on March 27, 2026, and lists 0 shares and 0% ownership, including vote and dispositive powers.
Mercantile Bank Corporation adopted a 2026 executive officer cash bonus plan covering its CEO, CFO and other key executives. Bonuses will be funded from a pool tied to six performance metrics for 2026: earnings per share, return on assets, net interest margin, efficiency ratio, non‑performing assets, and loans‑to‑deposits. Each metric has a Target Level and Maximum Level, with associated Target and Maximum Percentages that are combined using linear interpolation to calculate the bonus pool.
If all metrics are achieved at the Target Level, the Target Bonus Pool is $1,206,725; strong performance can increase this amount up to 150% of target, or $1,810,087. Individual awards are paid pro rata as a percentage of 2026 salary, with target and maximum opportunities such as 60.0% and 90.0% for the Chief Executive Officer and 40.0% and 60.0% for the Chief Financial Officer. Earned bonuses, subject to conditions and clawback provisions, will be paid on or before March 15, 2027.
Mercantile Bank Corporation files its annual report outlining a growing Michigan-focused banking franchise and the completed merger with Eastern Michigan Financial Corporation on December 31, 2025. Eastern Michigan shareholders received 0.7116 Mercantile shares plus $32.32 per share, and Eastern Michigan Bank will be consolidated after a core conversion planned for early 2027.
The company emphasizes commercial and commercial real estate lending; commercial real estate loans were 52.8% of total loans as of December 31, 2025, with 91.0% of that book in Michigan. Asset quality remains strong, with nonaccrual loans of $7.9 million, or 0.2% of total loans, and no loans 90 days past due and still accruing.
Management highlights disciplined lending limits, a 744 full-time workforce, active community engagement, and sustainability initiatives. The risk section stresses interest rate and liquidity risk, commercial real estate concentrations, technology and cybersecurity threats, regulatory capital requirements, and specific integration and debt risks tied to the Eastern Michigan acquisition and a related $30 million term loan.
Mercantile Bank Corp EVP & CFO Charles E. Christmas reported both an equity award and a related tax-withholding share disposition in common stock. On February 15, 2026, he acquired 1,326 fully-vested shares at no cost as an award for exceeding performance metrics under a December 15, 2022 performance-based restricted stock agreement.
On February 17, 2026, he disposed of 3,021 shares of common stock at $54.2353 per share in a tax-withholding transaction used to satisfy liabilities by delivering shares, rather than an open-market sale. After these transactions, he directly owns 70,527 shares of common stock and has additional indirect holdings of 50,392 shares in his 401(k) plan, 510 shares in his spouse's IRA, and 2,071 shares in his spouse's 401(k) plan.