Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last $19.96 USD
Change Today +0.14 / 0.71%
Volume 41.9K
As of 8:09 PM 05/1/15 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
07/1/14 - $23.58
52 Week Low
05/6/14 - $17.64
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

No Related Businessweek News Found

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 July 22, 2014, it operated 53 banking offices in central and western Michigan. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.

642 Employees
Last Reported Date: 04/21/15
Founded in 1997

mercantile bank corp (MBWM) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $490.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $263.0K
Chief Operating Officer,Executive Vice Presid...
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. to Report Q1, 2015 Results on Apr 21, 2015

Mercantile Bank Corp. announced that they will report Q1, 2015 results on Apr 21, 2015

Mercantile Bank Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Mercantile Bank Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company net income of $6.6 million, or $0.39 per diluted share, for the first quarter of 2015, compared with net income of $3.6 million, or $0.41 per diluted share, for the prior-year period. Total revenue, which consists of net interest income and noninterest income, was $28.5 million during the first quarter of 2015, up $16.0 million or 127% from the prior-year first quarter. Net interest income during the first quarter of 2015 was $24.8 million, up $13.8 million or 125% from the first quarter of 2014, primarily reflecting an increase in average earning assets of 100%. Income before federal income tax expense was $9,702,000 against $5,263,000 a year ago. Return on average assets was 0.94% against 1.02% a year ago. Return on average equity was 8.19% against 9.36% a year ago. Book value per share as at March 31, 2015 was $19.69 compared to $18.05 as at March 31, 2014.

Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable June 24, 2015

Mercantile Bank Corporation announced that on April 16, 2015 its Board of Directors declared a regular quarterly cash dividend of $0.14 per common share, payable June 24, 2015 to holders of record as of June 12, 2015.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MBWM:US $19.96 USD +0.14

MBWM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
First Defiance Financial Corp $34.82 USD -0.18
Hills Bancorporation $82.31 USD 0.00
Horizon Bancorp/IN $23.44 USD +0.09
Southwest Bancorp Inc $17.15 USD -0.08
Waterstone Financial Inc $12.70 USD -0.04
View Industry Companies

Industry Analysis


Industry Average

Valuation MBWM Industry Range
Price/Earnings 15.3x
Price/Sales 3.2x
Price/Book 1.0x
Price/Cash Flow 16.5x
TEV/Sales NM Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MERCANTILE BANK CORP, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at