Mercantile Bank Management
Management criteria checks 4/4
Mercantile Bank's CEO is Bob Kaminski, appointed in Jan 2017, has a tenure of 7.25 years. total yearly compensation is $1.48M, comprised of 45% salary and 55% bonuses, including company stock and options. directly owns 0.8% of the company’s shares, worth $4.76M. The average tenure of the management team and the board of directors is 5.9 years and 3.7 years respectively.
Key information
Bob Kaminski
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 45.0% |
| CEO tenure | 7.3yrs |
| CEO ownership | 0.8% |
| Management average tenure | 5.9yrs |
| Board average tenure | 3.7yrs |
Recent management updates
Recent updates
Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next
Apr 19
Mercantile Bank: A Fantastic Prospect For Investors To Bank On
Apr 14Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Jan 22Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67
Jan 19Mercantile Bank: Analysis Of Q4 2023 Earnings, Maintain Hold
Jan 19Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Aug 28Mercantile Bank (NASDAQ:MBWM) Has Announced That It Will Be Increasing Its Dividend To $0.34
Aug 14Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Jul 21Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Apr 21Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33
Jan 20Mercantile Bank GAAP EPS of $1.01 beats by $0.03, revenue of $49.6M beats by $1.9M
Oct 18Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32
Jul 22Mercantile Bank raises dividend by 3.2% to $0.32
Jul 19Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To US$0.31
Jan 21Shareholders May Be A Little Conservative With Mercantile Bank Corporation's (NASDAQ:MBWM) CEO Compensation For Now
May 20Mercantile Bank (NASDAQ:MBWM) Could Be A Buy For Its Upcoming Dividend
Feb 27How Much Of Mercantile Bank Corporation (NASDAQ:MBWM) Do Insiders Own?
Feb 16Shareholders Are Loving Mercantile Bank Corporation's (NASDAQ:MBWM) 3.9% Yield
Jan 21
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$83m |
| Dec 31 2023 | US$1m | US$666k | US$82m |
| Sep 30 2023 | n/a | n/a | US$84m |
| Jun 30 2023 | n/a | n/a | US$79m |
| Mar 31 2023 | n/a | n/a | US$71m |
| Dec 31 2022 | US$1m | US$634k | US$61m |
| Sep 30 2022 | n/a | n/a | US$51m |
| Jun 30 2022 | n/a | n/a | US$50m |
| Mar 31 2022 | n/a | n/a | US$56m |
| Dec 31 2021 | US$1m | US$519k | US$59m |
| Sep 30 2021 | n/a | n/a | US$61m |
| Jun 30 2021 | n/a | n/a | US$57m |
| Mar 31 2021 | n/a | n/a | US$48m |
| Dec 31 2020 | US$1m | US$539k | US$44m |
| Sep 30 2020 | n/a | n/a | US$43m |
| Jun 30 2020 | n/a | n/a | US$45m |
| Mar 31 2020 | n/a | n/a | US$48m |
| Dec 31 2019 | US$1m | US$499k | US$49m |
| Sep 30 2019 | n/a | n/a | US$48m |
| Jun 30 2019 | n/a | n/a | US$45m |
| Mar 31 2019 | n/a | n/a | US$43m |
| Dec 31 2018 | US$951k | US$479k | US$42m |
| Sep 30 2018 | n/a | n/a | US$38m |
| Jun 30 2018 | n/a | n/a | US$37m |
| Mar 31 2018 | n/a | n/a | US$35m |
| Dec 31 2017 | US$794k | US$435k | US$31m |
Compensation vs Market: Bob's total compensation ($USD1.48M) is below average for companies of similar size in the US market ($USD2.37M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
CEO
Bob Kaminski (61 yo)
7.3yrs
Tenure
US$1,477,989
Compensation
Mr. Robert B. Kaminski, Jr., also known as Bob, has been the President and Chief Executive Officer of Mercantile Bank Corporation since January 1, 2017. Mr. Kaminski has been the Chief Executive Officer of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.3yrs | US$1.48m | 0.80% $ 4.8m | |
| Executive VP | 26.3yrs | US$813.08k | 0.72% $ 4.3m | |
| Executive VP & Chief Human Resource Officer | 1.3yrs | US$434.71k | 0.087% $ 516.4k | |
| Executive VP & Director | 5.9yrs | US$1.14m | 0.46% $ 2.7m | |
| Executive VP | less than a year | no data | 0.17% $ 1.0m | |
| Chief Commercial Banking Officer of Mercantile Bank | no data | no data | no data | |
| Senior VP & Head of Risk Management Department | no data | no data | no data |
5.9yrs
Average Tenure
57yo
Average Age
Experienced Management: MBWM's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.3yrs | US$1.48m | 0.80% $ 4.8m | |
| Executive VP & Director | less than a year | US$1.14m | 0.46% $ 2.7m | |
| Independent Director | 3.7yrs | US$60.28k | 0.071% $ 423.8k | |
| Independent Chairman | 27.3yrs | US$90.30k | 0.38% $ 2.3m | |
| Independent Director | 23.3yrs | US$71.79k | 0.22% $ 1.3m | |
| Independent Director | 7.3yrs | US$68.58k | 0.11% $ 638.1k | |
| Lead Independent Director | 3.7yrs | US$62.39k | 0.051% $ 305.7k | |
| Independent Director | less than a year | no data | 0.011% $ 64.7k | |
| Independent Director | less than a year | US$49.00k | 0.019% $ 112.6k |
3.7yrs
Average Tenure
60yo
Average Age
Experienced Board: MBWM's board of directors are considered experienced (3.7 years average tenure).