Company Mercantile Bank Corporation

MBWM

US5873761044

Banks

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

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Sector

Ratings for Mercantile Bank Corporation

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Commercial Banks

Market Closed - Nasdaq Other stock markets 21:00:00 26/04/2024 BST			5-day change	1st Jan Change
36.19 ^USD	-0.82%		+0.33%	-10.38%

04-22	Tamilnad Mercantile Bank Posts Flat Net Profit in Fiscal Q4	MT
04-22	Tamilnad Mercantile Bank to Open Four New Branches in India	MT

Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.

Number of employees: 642

USD in Million	2022	Weight	2023	Weight	Delta
Banking and Related Activities 100.0 %	190	100.0 %	226	100.0 %	+18.58%

USD in Million	2022	Weight	2023	Weight	Delta
United States 100.0 %	190	100.0 %	226	100.0 %	+18.58%

Managers	Title	Age	Since
Robert Kaminski CEO	Chief Executive Officer	62	31/12/96
Charles Christmas DFI	Director of Finance/CFO	58	31/12/97
Michael Price CHM	Chairman	67	31/12/96
Raymond Reitsma BRD	Director/Board Member	61	31/12/16
Brett Hoover HRO	Human Resources Officer	53	31/12/22

Members of the board	Title	Age	Since
David Ramaker BRD	Director/Board Member	68	26/08/20
Michael Price CHM	Chairman	67	31/12/96
Robert Kaminski CEO	Chief Executive Officer	62	31/12/96
David Cassard BRD	Director/Board Member	70	31/12/00
Michelle Eldridge BRD	Director/Board Member	58	14/12/16
Raymond Reitsma BRD	Director/Board Member	61	31/12/16
Nelson Sanchez BRD	Director/Board Member	59	30/11/22
Michael S. Davenport BRD	Director/Board Member	54	31/12/19
Amy Sparks BRD	Director/Board Member	51	30/11/22

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	16,122,503	15,589,201 ( 96.69 %)	0	96.69 %

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Mercantile Bank Corp.

310 Leonard Street NW

49504, Grand Rapids

+616 406 3000

http://www.mercbank.com

address Mercantile Bank Corporation(MBWM)

Name	Category and Sector
Mercantile Bank of Michigan Mercantile Bank of Michigan Regional BanksFinance Mercantile Bank of Michigan provides financial products and services. The firm offers checking, savings, and student accounts. Its lending portfolio includes mortgage loan products; consumer loans, such as home equity, automobile, recreational vehicle, personal, and overdraft protection loans; and business loans comprising small business administration financing options. The company was founded in 1997 and is headquartered in Grand Rapids, MI.	Regional Banks

Name

Category and Sector

Regional Banks

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

36.19 USD

Average target price

41.67 USD

Spread / Average Target

+15.13%

Consensus

Estimates Revisions

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Banking & Investment Services

Banking Services

Commercial Banks

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Commercial Banks