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Last $20.16 USD
Change Today +0.41 / 2.08%
Volume 26.7K
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

mercantile bank corp (MBWM) Snapshot

Previous Close
Day High
Day Low
52 Week High
12/29/14 - $22.27
52 Week Low
07/21/15 - $18.42
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for MERCANTILE BANK CORP (MBWM)

mercantile bank corp (MBWM) Related Businessweek News

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mercantile bank corp (MBWM) Details

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial banking services for businesses, individuals, and governmental units. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements. The company also offers secured and unsecured commercial loans comprising commercial and industrial, vacant land, land development and residential construction, owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, credit cards, and overdraft protection. In addition, the company provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. As of April 21, 2015, it operated 53 banking offices in central and western Michigan. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.

550 Employees
Last Reported Date: 03/10/15
Founded in 1997

mercantile bank corp (MBWM) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $490.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $263.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $315.0K
Executive Vice President of Corporate Finance...
Total Annual Compensation: $159.8K
Compensation as of Fiscal Year 2014.

mercantile bank corp (MBWM) Key Developments

Mercantile Bank Corp. Announces Quarterly Cash Dividend, Payable on September 23, 2015

Mercantile Bank Corp. board of directors authorised a regular quarterly cash dividend of USD 0.15 per share on the company's common stock. This dividend reflects an increase of about 7% from the USD 0.14 per share paid out in the 2015 second quarter. It will be paid on 23 September 2015 to shareholders of record as of 11 September 2015.

Mercantile Bank Corp. Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015

Mercantile Bank Corp. Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 . Venue: Grand Central Grand Hyatt, New York, New York, United States. Speakers: Charles E. Christmas, Chief Financial Officer, Senior Vice President, Treasurer, Chief Financial Officer of Mercantile Bank of Michigan and Senior Vice President of Mercantile Bank of Michigan, Michael H. Price, Chairman, Chief Executive Officer, President and Chairman of Mercantile Bank of Michigan, Samuel J. G. Stone, Executive Vice President of Corporate Finance Andstrategic Planning and Executive Vice President of Corporate Finance Andstrategic Planning of Mercantile Bank of Michigan.

Mercantile Bank Corp. to Report Q2, 2015 Results on Jul 21, 2015

Mercantile Bank Corp. announced that they will report Q2, 2015 results on Jul 21, 2015


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MBWM Competitors

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Company Last Change
First Defiance Financial Corp $37.00 USD +0.76
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Waterstone Financial Inc $12.96 USD +0.12
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Industry Analysis


Industry Average

Valuation MBWM Industry Range
Price/Earnings 13.1x
Price/Sales 2.8x
Price/Book 1.0x
Price/Cash Flow 12.8x
TEV/Sales NM Not Meaningful

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