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)

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8-K

Departure of Directors or Certain Officers

6 Feb 25

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

Transcripts

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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

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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, Q4 2024

MBWM institutional ownership history Ownership history

63.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	174	161	+8.1%
Opened positions	26	14	+85.7%
Closed positions	13	13	–
Increased positions	74	61	+21.3%
Reduced positions	46	50	-8.0%

13F shares	Current	Prev Q	Change
Total value	436.02 bn	415.67 bn	+4.9%
Total shares	10.27 mm	9.98 mm	+2.9%
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
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
26 Feb 25	Nelson F Sanchez	Common Stock	Sell	Dispose S	No	No	47.31	100	4.73 k	2,216
26 Feb 25	Nelson F Sanchez	Common Stock	Buy	Acquire P	Yes	No	47	212	9.96 k	2,502
20 Feb 25	Nelson F Sanchez	Common Stock	Buy	Acquire P	Yes	No	48	200	9.60 k	2,290
20 Feb 25	Nelson F Sanchez	Common Stock	Buy	Acquire P	Yes	No	47.5	193	9.17 k	2,090
19 Feb 25	Richard D MacDonald	Common Stock	Buy	Acquire P	No	No	48.9167	511	25.00 k	1,725
19 Feb 25	Raymond E. Reitsma	Common Stock	Payment of exercise	Dispose F	No	No	47.87	4,235	202.73 k	55,164
19 Feb 25	Charles E Christmas	Common Stock	Payment of exercise	Dispose F	No	No	47.87	3,075	147.20 k	67,979