Mercantile Bank Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Bob Kaminski (60 yo)

5.83yrs

Tenure

US$1,208,919

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...


CEO Compensation Analysis

Bob Kaminski's Compensation vs Mercantile Bank Earnings
How has Bob Kaminski's remuneration changed compared to Mercantile Bank's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$50m

Mar 31 2022n/an/a

US$56m

Dec 31 2021US$1mUS$519k

US$59m

Sep 30 2021n/an/a

US$61m

Jun 30 2021n/an/a

US$57m

Mar 31 2021n/an/a

US$48m

Dec 31 2020US$1mUS$539k

US$44m

Sep 30 2020n/an/a

US$43m

Jun 30 2020n/an/a

US$45m

Mar 31 2020n/an/a

US$48m

Dec 31 2019US$1mUS$499k

US$49m

Sep 30 2019n/an/a

US$48m

Jun 30 2019n/an/a

US$45m

Mar 31 2019n/an/a

US$43m

Dec 31 2018US$951kUS$479k

US$42m

Sep 30 2018n/an/a

US$38m

Jun 30 2018n/an/a

US$37m

Mar 31 2018n/an/a

US$35m

Dec 31 2017US$794kUS$435k

US$31m

Sep 30 2017n/an/a

US$31m

Jun 30 2017n/an/a

US$31m

Mar 31 2017n/an/a

US$31m

Dec 31 2016US$678kUS$395k

US$32m

Sep 30 2016n/an/a

US$30m

Jun 30 2016n/an/a

US$30m

Mar 31 2016n/an/a

US$29m

Dec 31 2015US$520kUS$364k

US$27m

Compensation vs Market: Bob's total compensation ($USD1.21M) is below average for companies of similar size in the US market ($USD2.94M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MBWM's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: MBWM's board of directors are considered experienced (5.8 years average tenure).