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

Latest filings (excl ownership)

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8-K/A

Results of Operations and Financial Condition

20 Jan 26

8-K

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2025 Results

20 Jan 26

8-K

Mercantile Bank Corporation Announces Completion of Merger with Eastern Michigan Financial Corporation

Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Receipt of All Required Regulatory Approvals for Pending Merger

16 Dec 25

424B3

Prospectus supplement

31 Oct 25

Mercantile Bank Corporation Announces Strong Third Quarter 2025 Results

21 Oct 25

S-4/A

Registration of securities issued in business combination transactions (amended)

20 Oct 25

S-4

Registration of securities issued in business combination transactions

16 Sep 25

Latest ownership filings

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SCHEDULE 13G/A

Beneficial ownership report (amended)

Beneficial ownership report (amended)

29 Jul 25

Michael S. Davenport

21 Jul 25

Financial summary

Financial statements Chart MBWM financial data

Quarter (USD)	Sep 25	Jun 25	Mar 25	Dec 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
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, Q4 2024

MBWM institutional ownership history Ownership history

59.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	177	161	+9.9%
Opened positions	27	13	+107.7%
Closed positions	11	14	-21.4%
Increased positions	74	61	+21.3%
Reduced positions	45	50	-10.0%

13F shares	Current	Prev Q	Change
Total value	436.13 bn	415.64 bn	+4.9%
Total shares	10.27 mm	9.98 mm	+3.0%
Total puts	600.00	500.00	+20.0%
Total calls	800.00	1.00 k	-20.0%
Total put/call ratio	0.8	0.5	+50.0%

Largest owners	Shares	Value	Change
BLK BlackRock	1.62 mm	$71.87 bn	+0.8%
Dimensional Fund Advisors	1.11 mm	$49.25 bn	-2.7%
Vanguard	869.78 k	$38.70 bn	+0.3%
Renaissance Technologies	510.81 k	$22.73 bn	-6.0%
STT State Street	468.92 k	$20.86 bn	+6.9%
American Century Companies	389.95 k	$17.35 bn	+8.2%
Geode Capital Management	376.91 k	$16.77 bn	-0.0%
North Star Asset Management	359.45 k	$15.99 bn	-0.9%
Tributary Capital Management	287.49 k	$12.79 bn	+16.2%
LSV Asset Management	286.71 k	$12.76 mm	+3.6%

Largest transactions	Shares	Bought/sold	Change
Segall Bryant & Hamill	0.00	-110.48 k	EXIT
Assenagon Asset Management	81.94 k	+81.94 k	NEW
Maltese Capital Management	67.50 k	+67.50 k	NEW
Banc Funds	244.45 k	-61.40 k	-20.1%
Millennium Management	132.78 k	+46.56 k	+54.0%
JPM JPMorgan Chase & Co.	122.53 k	+40.17 k	+48.8%
Tributary Capital Management	287.49 k	+40.06 k	+16.2%
Renaissance Technologies	510.81 k	-32.77 k	-6.0%
RJF Raymond James Financial	31.28 k	+31.28 k	NEW
STT State Street	468.92 k	+30.39 k	+6.9%

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
6 Jan 26	Steven Schweihofer	Common Stock	Grant	Acquire A	No	No	0	321	0.00	5,603
31 Dec 25	Steven Schweihofer	Common Stock	Grant	Acquire A	No	No	0	5,282	0.00	5,282
13 Nov 25	Price Michael H	Common Stock	Sell	Dispose S	No	No	45.81	1,417	64.91 k	11,898
13 Nov 25	Price Michael H	Common Stock	Sell	Dispose S	No	No	45.85	3,160	144.89 k	13,315
31 Oct 25	Nelson F Sanchez	Common Stock	Buy	Acquire P	Yes	No	43.5	1,000	43.50 k	3,502

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.