Welcome to our dedicated page for MERCANTILE BANK 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.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on MERCANTILE BANK's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into MERCANTILE BANK's regulatory disclosures and financial reporting.
Mercantile Bank Corporation reported solid profitability for the quarter ended June 30, 2026. Net interest income was $57,258 thousand, up from $49,479 thousand a year earlier, and a negative provision for credit losses of $1,800 thousand contributed to net income of $25,927 thousand, or $1.50 per basic and diluted share. For the first six months of 2026, net income totaled $48,612 thousand, or $2.82 per share.
Total assets were $6,819,490 thousand at June 30, 2026. Loans grew to $4,915,553 thousand, a 1.9% increase from December 31, 2025, driven by commercial lending, while deposits were $5,296,388 thousand. The allowance for credit losses stood at $55,441 thousand, and nonaccrual loans declined to $5,803 thousand. The available for sale securities portfolio totaled $1,125,529 thousand with gross unrealized losses of $43,503 thousand. Mercantile continues integrating the December 31, 2025 acquisition of Eastern Michigan Financial Corporation, with a planned bank consolidation in the first quarter of 2027.
Mercantile Bank Corporation reported second quarter 2026 net income of $25.9 million, or $1.50 per diluted share, compared with $22.6 million, or $1.39 per share, a year earlier. On an adjusted basis, excluding acquisition and core system conversion costs, net income was $26.4 million, or $1.53 per diluted share.
Net revenue reached $68.8 million, led by net interest income of $57.3 million and a higher net interest margin of 3.59%, as strong commercial loan growth and lower funding costs offset lower loan yields. Total assets were $6.82 billion with loans of $4.92 billion and deposits of $5.30 billion at June 30, 2026. Asset quality remained robust, with nonperforming assets of $5.8 million, or 0.1% of total assets, and net loan recoveries in the quarter. Shareholders’ equity rose to $755 million, and both subsidiary banks remained well capitalized under regulatory standards while the company continued its cash dividend program.
Schweihofer Steven reported acquisition or exercise transactions in this Form 4 filing.
MERCANTILE BANK CORP director Steven Schweihofer received a stock award of 715 shares of Common Stock. The shares were granted at no cash cost to him and increased his direct holdings to 6,317 shares following the transaction on May 22, 2026. This appears to be routine equity-based compensation.
Mercantile Bank Corp director Michael S. Davenport reported a stock award and updated holdings. On 2026-05-22, he received a grant of 753 shares of Common Stock at $0.00 per share as a compensation-related award, bringing his direct ownership to 9,594 shares.
He also reported indirect ownership of 1,800 Common Stock shares held in an IRA. A footnote states this indirect position includes shares acquired since his last ownership report through reinvested cash dividends under the company’s dividend reinvestment plan. The filing reflects routine equity compensation and ongoing dividend reinvestment rather than open-market buying or selling.
Mercantile Bank Corp director Michelle Larabee reported an equity grant of company stock. She acquired 830 shares of Common Stock as a grant or award at a stated price of $0.0000 per share, increasing her direct holdings to 12,670 shares after the transaction on May 22, 2026. She also reported 6,750 shares held indirectly through an IRA, which reflects a separate ownership line rather than a new purchase or sale.
Schmidt Sara A reported acquisition or exercise transactions in this Form 4 filing.
Mercantile Bank Corp director Sara A. Schmidt received a grant of 715 shares of Common Stock on May 22, 2026. The shares were awarded at no cost per share and increased her directly held position to 1,684 shares. This appears to be a compensation-related equity award rather than an open-market purchase.
Mercantile Bank Corp director Michael H. Price reported a stock award of 1,096 shares of Common Stock. The shares were acquired at a reported price of $0.00 per share as a grant or other acquisition, bringing his direct holdings to 12,994 shares.
Price also reports indirect ownership of 19,909 shares in a 401(k) plan and 14,842 shares in an IRA. A footnote states that these indirect totals include shares acquired since the last ownership report through reinvested cash dividends under Mercantile Bank’s dividend reinvestment plan.
MERCANTILE BANK CORP director Joseph D. Jones received a grant of 715 shares of Common Stock. The shares were awarded on May 22, 2026 at a reported price of $0.00 per share, reflecting a compensation-related stock award rather than a market purchase.
Following this grant, Jones directly holds 6,506 shares of Mercantile Bank Corp common stock. The filing shows only this single acquisition transaction and no sales or derivative exercises.
MERCANTILE BANK CORP director Nelson F. Sanchez reported changes in his common stock holdings. On 2026-05-22, he received a grant or award of 715 shares of common stock at $0.00 per share, increasing his direct ownership to 3,899 shares.
The filing also reports 3,502 shares held indirectly through an IRA, reflecting shares acquired since the last ownership report by reinvesting cash dividends under the company’s dividend reinvestment plan. These entries show both compensation-related shares and ongoing accumulation through reinvested dividends.
RAMAKER DAVID B reported acquisition or exercise transactions in this Form 4 filing.
Mercantile Bank Corp director David B. Ramaker received a grant of 801 shares of Common Stock as compensation. The shares were awarded on May 22, 2026 at a stated price of $0.00 per share. Following this award, he directly holds 15,815 Common Stock shares.