Annuncio • 17h
Mercantile Bank Corporation announces Quarterly dividend, payable on September 16, 2026 Mercantile Bank Corporation announced Quarterly dividend of USD 0.4000 per share payable on September 16, 2026, ex-date on September 04, 2026 and record date on September 04, 2026. Reported Earnings • Jul 21
Second quarter 2026 earnings released: EPS: US$1.50 (vs US$1.39 in 2Q 2025) Second quarter 2026 results: EPS: US$1.50 (up from US$1.39 in 2Q 2025). Revenue: US$70.6m (up 19% from 2Q 2025). Net income: US$25.9m (up 15% from 2Q 2025). Profit margin: 37% (down from 38% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jun 30
Mercantile Bank Corporation to Report Q2, 2026 Results on Jul 21, 2026 Mercantile Bank Corporation announced that they will report Q2, 2026 results Pre-Market on Jul 21, 2026 Annuncio • Jun 29
Mercantile Bank Corporation(NasdaqGS:MBWM) dropped from Russell 2000 Dynamic Index Mercantile Bank Corporation(NasdaqGS:MBWM) dropped from Russell 2000 Dynamic Index Declared Dividend • May 20
First quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 5th June 2026 Payment date: 17th June 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 3.6% over the next year, which should provide support to the dividend and adequate earnings cover. Annuncio • Apr 21
Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on June 17, 2026 Mercantile Bank Corporation announced that on April 16, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.39 per common share, payable on June 17, 2026, to holders of record as of June 5, 2026. The $0.39 cash dividend is 5.4% higher than the cash dividend paid during the second quarter of 2025. Annuncio • Apr 03
Mercantile Bank Corporation, Annual General Meeting, May 21, 2026 Mercantile Bank Corporation, Annual General Meeting, May 21, 2026. Annuncio • Apr 01
Mercantile Bank Corporation to Report Q1, 2026 Results on Apr 21, 2026 Mercantile Bank Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 21, 2026 Annuncio • Jan 20
Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on March 18, 2026 Mercantile Bank Corporation announced that on January 15, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.39 per common share, payable on March 18, 2026, to holders of record as of March 6, 2026. The $0.39 cash dividend is 2.6% and 5.4% higher than the cash dividends paid during the fourth quarter and first quarter of 2025, respectively. Annuncio • Dec 29
Mercantile Bank Corporation to Report Q4, 2025 Results on Jan 20, 2026 Mercantile Bank Corporation announced that they will report Q4, 2025 results Pre-Market on Jan 20, 2026 Annuncio • Oct 21
Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on December 17, 2025 Mercantile Bank Corporation announced that on October 16, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.38 per common share, payable on December 17, 2025, to holders of record as of December 5, 2025. Annuncio • Sep 30
Mercantile Bank Corporation to Report Q3, 2025 Results on Oct 21, 2025 Mercantile Bank Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 21, 2025 Annuncio • Jun 30
Mercantile Bank Corporation to Report Q2, 2025 Results on Jul 22, 2025 Mercantile Bank Corporation announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025 Annuncio • Apr 22
Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on June 18, 2024 Mercantile Bank Corporation announced that on April 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025. The $0.37 cash dividend is 5.7% higher than the cash dividend paid during the second quarter of 2024. Annuncio • Mar 31
Mercantile Bank Corporation to Report Q1, 2025 Results on Apr 22, 2025 Mercantile Bank Corporation announced that they will report Q1, 2025 results Pre-Market on Apr 22, 2025 Annuncio • Mar 04
Mercantile Bank Corporation, Annual General Meeting, May 22, 2025 Mercantile Bank Corporation, Annual General Meeting, May 22, 2025. Annuncio • Jan 21
Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on March 19, 2025 Mercantile Bank Corporation announced that on January 16, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on March 19, 2025, to holders of record as of March 7, 2025. The $0.37 cash dividend is 2.8% and 5.7% higher than the cash dividends paid during the fourth quarter and first quarter of 2024, respectively. Annuncio • Jan 02
Mercantile Bank Corporation to Report Q4, 2024 Results on Jan 21, 2025 Mercantile Bank Corporation announced that they will report Q4, 2024 results Pre-Market on Jan 21, 2025 Recent Insider Transactions • Nov 17
Director recently sold €187k worth of stock On the 14th of November, Robert Kaminski sold around 4k shares on-market at roughly €46.80 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €204k. Insiders have been net sellers, collectively disposing of €811k more than they bought in the last 12 months. New Risk • Nov 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Significant insider selling over the past 3 months (€204k sold). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €47.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 56% over the past year. Declared Dividend • Oct 18
Third quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 6th December 2024 Payment date: 18th December 2024 Dividend yield will be 3.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (28% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 7.8% over the next 2 years. However, it would need to fall by 69% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Oct 15
Third quarter 2024 earnings released: EPS: US$1.22 (vs US$1.30 in 3Q 2023) Third quarter 2024 results: EPS: US$1.22 (down from US$1.30 in 3Q 2023). Revenue: US$56.9m (up 3.6% from 3Q 2023). Net income: US$19.6m (down 5.9% from 3Q 2023). Profit margin: 35% (down from 38% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Annuncio • Oct 15
Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on December 18, 2024 Mercantile Bank Corporation announced that on October 10, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on December 18, 2024, to holders of record as of December 6, 2024. The $0.36 cash dividend represents an increase of nearly 6% from the cash dividend paid during the fourth quarter of 2023. Annuncio • Oct 01
Mercantile Bank Corporation to Report Q3, 2024 Results on Oct 15, 2024 Mercantile Bank Corporation announced that they will report Q3, 2024 results Pre-Market on Oct 15, 2024 Upcoming Dividend • Aug 30
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 18 September 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.5%). Recent Insider Transactions • Aug 28
Independent Chairman recently sold €204k worth of stock On the 26th of August, Michael Price sold around 5k shares on-market at roughly €40.81 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €223k. Michael has been a net seller over the last 12 months, reducing personal holdings by €420k. New Risk • Jul 24
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €439k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.9% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€439k sold). Recent Insider Transactions • Jul 23
Director recently sold €223k worth of stock On the 22nd of July, Robert Kaminski sold around 5k shares on-market at roughly €44.51 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €544k more than they bought in the last 12 months. Declared Dividend • Jul 22
Second quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 6th September 2024 Payment date: 18th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 8.3% over the next year. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 17
Second quarter 2024 earnings released: EPS: US$1.17 (vs US$1.27 in 2Q 2023) Second quarter 2024 results: EPS: US$1.17 (down from US$1.27 in 2Q 2023). Revenue: US$53.3m (flat on 2Q 2023). Net income: US$18.8m (down 7.7% from 2Q 2023). Profit margin: 35% (down from 38% in 2Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Annuncio • Jul 16
Mercantile Bank Corporation Increases Regular Quarterly Cash Dividend, Payable on September 18, 2024 Mercantile Bank Corporation announced that on July 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on September 18, 2024, to holders of record as of September 6, 2024. The $0.36 cash dividend represents increases of nearly 3% and 6% from the cash dividends paid during the second quarter of 2024 and third quarter of 2023, respectively. Annuncio • Jun 28
Mercantile Bank Corporation to Report Q2, 2024 Results on Jul 16, 2024 Mercantile Bank Corporation announced that they will report Q2, 2024 results Pre-Market on Jul 16, 2024 Upcoming Dividend • May 31
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.4%). Reported Earnings • May 06
First quarter 2024 earnings released: EPS: US$1.34 (vs US$1.31 in 1Q 2023) First quarter 2024 results: EPS: US$1.34 (up from US$1.31 in 1Q 2023). Revenue: US$56.9m (up 4.0% from 1Q 2023). Net income: US$21.6m (up 2.8% from 1Q 2023). Profit margin: 38% (in line with 1Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Declared Dividend • Apr 23
First quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 7th June 2024 Payment date: 19th June 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 9.0% over the next year. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Apr 17
First quarter 2024 earnings released: EPS: US$1.34 (vs US$1.31 in 1Q 2023) First quarter 2024 results: EPS: US$1.34 (up from US$1.31 in 1Q 2023). Revenue: US$56.9m (up 4.0% from 1Q 2023). Net income: US$21.6m (up 2.8% from 1Q 2023). Profit margin: 38% (in line with 1Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Annuncio • Apr 16
Mercantile Bank Corporation Declares Regular Cash Dividend, Payable on June 19, 2024 Mercantile Bank Corporation announced that on April 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.35 per common share, payable on June 19, 2024, to holders of record as of June 7, 2024. Annuncio • Apr 05
Mercantile Bank Corporation, Annual General Meeting, May 23, 2024 Mercantile Bank Corporation, Annual General Meeting, May 23, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider election of eight directors, each for a one-year term; to consider ratification of the appointment of Plante & Moran, PLLC as independent registered public accounting firm for 2024; to consider An advisory vote to approve the compensation of named executive officers; and to consider other matters. Annuncio • Mar 29
Mercantile Bank Corporation to Report Q1, 2024 Results on Apr 16, 2024 Mercantile Bank Corporation announced that they will report Q1, 2024 results on Apr 16, 2024 Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: US$5.13 (vs US$3.85 in FY 2022) Full year 2023 results: EPS: US$5.13 (up from US$3.85 in FY 2022). Revenue: US$218.0m (up 19% from FY 2022). Net income: US$82.2m (up 35% from FY 2022). Profit margin: 38% (up from 33% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.05% (up from 3.33% in FY 2022). Non-performing loans: 0.08% (down from 0.20% in FY 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 13 March 2024. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.6%). Reported Earnings • Jan 17
Full year 2023 earnings released: EPS: US$5.13 (vs US$3.85 in FY 2022) Full year 2023 results: EPS: US$5.13 (up from US$3.85 in FY 2022). Revenue: US$218.0m (up 19% from FY 2022). Net income: US$82.2m (up 35% from FY 2022). Profit margin: 38% (up from 33% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Banks industry in Europe. Annuncio • Jan 16
Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on March 13, 2024 Mercantile Bank Corporation announced that on January 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.35 per common share, payable on March 13, 2024, to holders of record as of March 1, 2024. The $0.35 cash dividend is approximately 3 percent and 6 percent higher than the cash dividends paid during the fourth quarter and first quarter of 2023, respectively. Annuncio • Dec 22
Mercantile Bank Corporation to Report Fiscal Year 2023 Results on Jan 16, 2024 Mercantile Bank Corporation announced that they will report fiscal year 2023 results Pre-Market on Jan 16, 2024 Upcoming Dividend • Nov 23
Upcoming dividend of US$0.34 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 13 December 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (6.4%). Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: US$1.30 (vs US$1.01 in 3Q 2022) Third quarter 2023 results: EPS: US$1.30 (up from US$1.01 in 3Q 2022). Revenue: US$54.9m (up 18% from 3Q 2022). Net income: US$20.9m (up 30% from 3Q 2022). Profit margin: 38% (up from 34% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Banks industry in Europe. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Dave Ramaker was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.34 per share at 4.1% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 13 September 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.1%). Recent Insider Transactions • Jul 31
Independent Chairman recently sold €124k worth of stock On the 26th of July, Michael Price sold around 4k shares on-market at roughly €30.97 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €30.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Europe. New Risk • Jul 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Jul 19
Second quarter 2023 earnings released: EPS: US$1.27 (vs US$0.74 in 2Q 2022) Second quarter 2023 results: EPS: US$1.27 (up from US$0.74 in 2Q 2022). Revenue: US$53.2m (up 28% from 2Q 2022). Net income: US$20.4m (up 73% from 2Q 2022). Profit margin: 38% (up from 28% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 4.5%. Annuncio • Jun 29
Mercantile Bank Corporation to Report Q2, 2023 Results on Jul 18, 2023 Mercantile Bank Corporation announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Jul 18, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €28.80, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Europe. Annuncio • May 19
Mercantile Bank Corporation, Annual General Meeting, May 25, 2023 Mercantile Bank Corporation, Annual General Meeting, May 25, 2023, at 09:00 US Eastern Standard Time. Agenda: To consider election of six directors, each for a one-year term; to consider approval of the Mercantile Bank Corporation Stock Incentive Plan of 2023; to consider ratification of the appointment of Plante & Moran, PLLC as company independent registered public accounting firm for 2023; to consider An advisory vote to approve the compensation of company named executive officers disclosed in this proxy statement; and to consider any other business that may properly be brought before the meeting or any adjournment of the meeting. Reported Earnings • May 08
First quarter 2023 earnings released: EPS: US$1.31 (vs US$0.72 in 1Q 2022) First quarter 2023 results: EPS: US$1.31 (up from US$0.72 in 1Q 2022). Revenue: US$54.7m (up 37% from 1Q 2022). Net income: US$21.0m (up 83% from 1Q 2022). Profit margin: 38% (up from 29% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 3.2% growth forecast for the Banks industry in Europe. 
