Mercantile Bank (MBWM)

Mercantile Bank, a Michigan banking corporation • Mercantile Community Partners LLC • Mercantile Insurance Center, Inc. • West Lake Associates, LLC ...

IRS number

383360865

MBWM stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

8-K

Mercantile Bank Corporation Announces Robust Fourth Quarter and Full-Year 2024 Results

21 Jan 25

8-K

Departure of Directors or Certain Officers

19 Dec 24

8-K

Departure of Directors or Certain Officers

1 Nov 24

Mercantile Bank Corporation Announces Strong Third Quarter Results

2 Aug 24

Mercantile Bank Corporation Announces Solid Second Quarter Results

16 Jul 24

8-K

Departure of Directors or Certain Officers

11 Jul 24

8-K

Departure of Directors or Certain Officers

3 Jun 24

8-K

Submission of Matters to a Vote of Security Holders

23 May 24

Transcripts

View all

MBWM

Earnings call transcript

2024 Q4

21 Jan 25

MBWM

Earnings call transcript

2024 Q3

15 Oct 24

MBWM

Earnings call transcript

2024 Q2

16 Jul 24

MBWM

Earnings call transcript

2024 Q1

16 Apr 24

MBWM

Earnings call transcript

2023 Q3

17 Oct 23

MBWM

Earnings call transcript

2023 Q2

18 Jul 23

MBWM

Earnings call transcript

2023 Q2

18 Jul 23

MBWM

Earnings call transcript

2023 Q1

18 Apr 23

MBWM

Earnings call transcript

2022 Q4

17 Jan 23

MBWM

Earnings call transcript

2022 Q3

18 Oct 22

Latest ownership filings

View all

Financial summary

Financial statements Chart MBWM financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q3 2024

MBWM institutional ownership history Ownership history

61.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	161	160	+0.6%
Opened positions	14	27	-48.1%
Closed positions	13	17	-23.5%
Increased positions	61	49	+24.5%
Reduced positions	50	57	-12.3%

13F shares	Current	Prev Q	Change
Total value	415.67 bn	379.92 bn	+9.4%
Total shares	9.98 mm	9.83 mm	+1.5%
Total puts	500.00	300.00	+66.7%
Total calls	1.00 k	7.30 k	-86.3%
Total put/call ratio	0.5	0.0	+1116.7%

Largest owners	Shares	Value	Change
BlackRock	1.60 mm	$70.08 bn	NEW
Dimensional Fund Advisors	1.14 mm	$49.72 bn	-1.0%
Vanguard	867.53 k	$37.93 bn	+3.6%
Renaissance Technologies	543.59 k	$23.77 bn	+2.4%
STT State Street	438.52 k	$19.17 bn	-3.0%
Geode Capital Management	376.98 k	$16.48 bn	+3.9%
North Star Asset Management	362.76 k	$15.86 bn	-0.3%
American Century Companies	360.34 k	$15.75 bn	+16.7%
Banc Funds	305.85 k	$13.37 bn	-9.3%
LSV Asset Management	276.63 k	$12.09 mm	+6.3%

Largest transactions	Shares	Bought/sold	Change
BlackRock	1.60 mm	+1.60 mm	NEW
BLK BlackRock	0.00	-1.56 mm	EXIT
ProShare Advisors	165.40 k	+165.40 k	NEW
Aqr Capital Management	83.03 k	-91.33 k	-52.4%
Oberweis Asset Management	0.00	-89.89 k	EXIT
Hillsdale Investment Management	0.00	-72.15 k	EXIT
American Century Companies	360.34 k	+51.50 k	+16.7%
Assenagon Asset Management	0.00	-46.55 k	EXIT
GS The Goldman Sachs Group, Inc.	113.70 k	+43.83 k	+62.7%
First Trust Advisors	9.76 k	-37.56 k	-79.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MBWM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Jan 25	Robert B Kaminski	Common Stock	Sell	Dispose S	Yes	No	50.16	3,000	150.48 k	13,810
24 Jan 25	Robert B Kaminski	Common Stock	Sell	Dispose S	Yes	No	49.14	3,000	147.42 k	16,810
2 Jan 25	Robert B Kaminski	Common Stock	Sell	Dispose S	No	Yes	44.61	250	11.15 k	86,980
2 Jan 25	Shoran R Williams	Common Stock	Grant	Acquire A	No	No	0	120	0.00	3,576
2 Jan 25	Thomas D Dickinson	Common Stock	Grant	Acquire A	No	No	0	120	0.00	19,617
2 Jan 25	Joseph D Jones	Common Stock	Grant	Acquire A	No	No	0	120	0.00	4,942