{"filings":[{"id":1758276,"accession_number":"0001437749-26-023919","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2026-07-21T13:01:51+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q2 2026 EPS $1.50 vs $1.39 YoY; NIM 3.59%; commercial loans up 11.7% annualized","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $25.9M ($1.50 diluted EPS) vs $22.6M ($1.39) in Q2 2025; adjusted EPS $1.53.","Net interest income $57.3M (+15.7% YoY); net interest margin 3.59% vs 3.48%.","Commercial loan growth $115M (annualized 11.7%) in Q2; total loans up $98.9M.","Nonperforming assets fell to $5.8M (0.1% of assets) from $7.9M at Dec 31, 2025.","Announced increased Q3 2026 cash dividend; tangible book value $38.42 per share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":577676,"accession_number":"0001437749-26-018049","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2026-05-21T18:23:58+00:00","items":["5.07","9.01"],"status":"ready","headline":"Mercantile Bank shareholders vote to elect directors, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 12 director nominees elected; votes for ranged from 10,683,738 to 10,917,759.","Ratification of Plante & Moran as auditor for 2026: 13,471,113 for, 54,526 against, 9,505 abstain.","Advisory vote on executive compensation approved: 10,539,827 for, 323,243 against, 224,563 abstain, 2,447,511 broker non-votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":90801,"accession_number":"0001437749-26-012888","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2026-04-21T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q1 net income $22.7M ($1.32 diluted); adjusted EPS $1.46, revenue up 18% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net income $22.7M ($1.32 diluted) vs $19.5M ($1.21) a year ago; adjusted net income $25.2M ($1.46).","Net revenue $67.6M (+18.1% YoY); net interest margin 3.55% vs 3.47%.","Negative provision for credit losses $1.8M vs positive $2.1M last year.","Loan-to-deposit ratio 89% vs 91% at Dec 2025 and 99% at Mar 2025; local deposits grew 14.6% annualized.","Tangible book value $37.34/share, up $0.56 from Dec 2025; asset quality remains low NPAs at 0.1% of assets."],"consensus_eps_estimate":null,"consensus_eps_actual":1.32,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100610,"accession_number":"0001437749-26-009074","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2026-03-19T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank adopts 2026 exec bonus plan with $1.2M target pool, six metrics","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Target bonus pool $1,206,725; max pool $1,810,087 (150% of target).","Metrics: EPS, ROA, NIM, efficiency ratio, non-performing assets, loans-to-deposits.","CEO target 60% of salary (max 90%); CFO/COO/commercial banking 40% (max 60%); HR 35% (max 52.5%).","Plan covers CEO Reitsma, CFO Christmas, COO Setlock, CBO Augustyn, HR Hoover, and one other executive.","Bonuses paid by March 15, 2027; subject to clawback provisions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100609,"accession_number":"0001437749-26-001485","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2026-01-20T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q4 2025 EPS $1.40, up 15% YoY; acquires Eastern Michigan Bank with $572M assets","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income Q4 $22.8M ($1.40 EPS) vs $19.6M ($1.22 EPS) a year ago; full year $88.8M ($5.47 EPS) vs $79.6M ($4.93 EPS).","Completed acquisition of Eastern Michigan Financial on Dec 31, adding $572M in assets and $475M in local deposits; loan-to-deposit ratio fell to 91%.","Net interest margin stable at 3.43% in Q4; net interest income rose 5.5% to $51.0M.","Nonperforming assets $7.9M (0.1% of assets); net charge-offs annualized 0.2% in Q4.","Board declared increased Q1 2026 dividend; tangible book value per share rose 11% YoY to $36.78."],"consensus_eps_estimate":null,"consensus_eps_actual":5.47,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100608,"accession_number":"0001437749-26-001502","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K/A","filed_at":"2026-01-20T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Mercantile Bank amends Q4 2025 earnings presentation to correct 2026 overhead and fee income slide","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Amendment corrects error on slide 26: overhead costs for Q1-Q4 2026 and fee income for Q3-Q4 2026.","All other information from original January 20, 2026 earnings release remains unchanged.","Revised presentation furnished as Exhibit 99.1; original Q4 2025 financial results unaffected.","No specific corrected metrics disclosed in the filing; full presentation not viewable."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116926,"accession_number":"0001437749-25-039072","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-12-31T23:59:59+00:00","items":["1.01","2.03","3.03","5.02","8.01","9.01"],"status":"ready","headline":"Mercantile Bank closes merger with Eastern Michigan Financial for $32.32/share + 0.7116 shares","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merger completed Dec 31, 2025; Eastern shareholders get $32.32 + 0.7116 MBWM shares per share.","Entered $30M term loan with U.S. Bank to fund purchase price and expenses; matures Dec 24, 2028.","Steve Schweihofer appointed to board, increasing size to 12, effective Dec 31, 2025.","Eastern Michigan Bank to operate separately until Q1 2027, then consolidate into Mercantile Bank.","Credit agreement includes financial covenants: NPAs/OREO to tangible capital ≤12%, ROAA ≥0.80%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116925,"accession_number":"0001437749-25-038454","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"EFIN shareholders approve merger with Mercantile Bank; close expected Dec 31, 2025","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["At special meeting Dec 19, 2025, EFIN shareholders voted to approve merger with Mercantile Bank Corporation.","Parties anticipate closing the merger on December 31, 2025, subject to satisfaction of closing conditions.","Merger Agreement originally dated July 22, 2025, amended October 5, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116924,"accession_number":"0001437749-25-038066","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-12-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Mercantile gets final regulatory nod for Eastern Michigan merger; close set for Dec 31","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Federal Reserve Bank of Chicago approved merger; all required regulatory approvals now received.","Eastern shareholder vote scheduled for Dec 19, 2025; merger expected to close Dec 31, 2025.","Post-merger, Mercantile will operate as a two-bank holding company until Q1 2027 consolidation.","Acquired Eastern Michigan Bank to operate alongside Mercantile Bank pending further regulatory approvals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116923,"accession_number":"0001437749-25-031386","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-10-21T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q3 net income $23.8M ($1.46 EPS), up from $19.6M YoY; NIM stable at 3.50%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $62.4M (+7.6% YoY) on net interest income $52.0M (+7.7%) and noninterest income $10.4M.","Effective tax rate dropped to 13.4% from 20.1% due to $1.0M energy tax credits and $0.7M tax structures.","Loan-to-deposit ratio improved to 96% from 102% a year ago; local deposits up $84M YTD.","Nonperforming assets rose to $9.8M (0.2% of assets) from $5.7M at year-end 2024, driven by one construction loan.","Total risk-based capital ratio 14.3%; tangible book value $37.41 per share, up 13% since year-end 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":4.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":133368,"accession_number":"0001437749-25-023789","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K/A","filed_at":"2025-07-29T23:59:59+00:00","items":["1.01","2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Corporation announces merger with Eastern Michigan Financial and Q2 2025 results","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merged with Eastern Michigan Financial Corporation in a deal valued at approximately $95.8 million.","EFIN shareholders to receive $32.32 cash and 0.7116 shares of MBWM per share.","Merger expected to close in Q4 2025, subject to regulatory and shareholder approvals.","Termination fee of $3.68 million payable by EFIN under certain conditions.","Also issued Q2 2025 earnings press release on July 22, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":133369,"accession_number":"0001437749-25-023156","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-07-22T23:59:59+00:00","items":["1.01","2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q2 EPS $1.39 vs $1.17; Announces $95.8M Merger with Eastern Michigan Financial","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Q2 2025 net income $22.6M ($1.39 diluted EPS) vs $18.8M ($1.17) in Q2 2024; revenue $60.9M, up 7.4%.","Definitive agreement to acquire Eastern Michigan Financial for ~$95.8M; $32.32 cash + 0.7116 MBWM shares per EFIN share.","Merger expected to close in Q4 2025; creates largest MI-headquartered bank; EFIN directors/officers entered voting agreements.","Net interest margin 3.49% vs 3.63% a year ago; commercial loans grew annualized 6.2% in H1 2025.","Nonperforming assets 0.2% of total assets; net loan recoveries $0.1M; risk-based capital ratio 13.9%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150031,"accession_number":"0001437749-25-018160","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-05-22T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Mercantile Bank shareholders elect all 11 directors, approve ESPP and auditor at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 11 director nominees elected with 9.5-9.8M votes for each; broker non-votes ~2.73M.","ESPP with 5% stock discount approved: 9,703,648 for, 166,764 against.","Plante & Moran ratified as auditor for 2025: 12,485,556 for, 115,325 against.","Say-on-pay advisory vote passed: 9,104,379 for, 680,594 against.","Shareholders voted for one-year frequency on future say-on-pay votes: 8,703,736 for one year."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.15,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150030,"accession_number":"0001437749-25-012600","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-04-22T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q1 net income $19.5M ($1.21 EPS) down from $1.34 YoY; NII up 2.5%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $19.5M ($1.21 diluted EPS) vs $21.6M ($1.34) in Q1 2024.","Net interest income $48.6M (+2.5% YoY); net interest margin 3.47% vs 3.74%.","Noninterest income $8.7M (down from $10.9M); treasury management and mortgage banking fees rose, swap income fell.","Nonperforming assets $5.4M (0.1% of total assets); net loan recoveries $0.1M, annualized 0.01% of avg loans.","Total loans grew 3.2% annualized; deposits down $16.6M in Q1; loan-to-deposit ratio 99%."],"consensus_eps_estimate":null,"consensus_eps_actual":1.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169036,"accession_number":"0001437749-25-008596","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-03-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank adopts 2025 executive bonus plan with metrics-based pool up to $1.6M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Target bonus pool $1,071,011; max $1,606,516 based on six financial metrics.","Metrics: EPS (25%), ROA (12.5%), NIM (12.5%), efficiency ratio (12.5%), non-performing assets (12.5%), loans-to-deposits (25%).","CEO target 60% salary (max 90%); CFO 40% (max 60%); COO 35% (max 52.5%).","Award paid pro rata based on uniform percentage of 2025 salary; payouts by March 15, 2026.","Plan subject to clawback; effective Jan 1, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169035,"accession_number":"0001437749-25-003043","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-02-06T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank shifts 2025 executive stock grants: 35% time-based, 65% performance vs peer index","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["35% of 2025 restricted stock grants to executive officers will cliff vest in 3 years with no performance conditions; 65% tied to performance metrics.","Performance goals now measured against a Comparative Index of similarly-sized bank holding companies on TSR, ROAA, and diluted EPS change.","Target award shares calculated as base salary multiplied by percentage (CEO 65%, CFO 45%, others 45%/40%) divided by closing price on grant date.","Awards can range from 0% to 150% of target depending on Company's percentile rank relative to the index."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169034,"accession_number":"0001437749-25-001456","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2025-01-21T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q4 net income down to $19.6M ($1.22); full-year EPS $4.93, declares higher dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2024 net income $19.6M ($1.22 diluted EPS) vs $20.0M ($1.25) in Q4 2023; full-year net income $79.6M ($4.93) vs $82.2M ($5.13).","Net interest margin fell to 3.41% in Q4 from 3.92% a year ago; cost of funds rose to 2.40% from 2.03%.","Total loans grew 6.9% in 2024, led by commercial loans up 8.5% ($292M); local deposits up $816M, cutting loan-to-deposit ratio to 98%.","Nonperforming assets remained low at $5.7M (0.1% of total assets); full-year net charge-offs $2.9M (0.07% of avg loans).","Board declared increased Q1 2025 regular cash dividend; total risk-based capital ratio 13.9%, well above 'well-capitalized' threshold."],"consensus_eps_estimate":null,"consensus_eps_actual":4.93,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186121,"accession_number":"0001437749-24-037955","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-12-19T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Mercantile Bank expands board to 13, updates exec employment terms, names new officers","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board increased from 8 to 13; five new directors appointed effective Jan 1, 2025, including Dickinson, Jones, MacDonald, Schmidt, Williams.","Amended employment agreements for CEO Reitsma, CFO Christmas, EVP Hoover; severance raised to 300% of base pay over 36 months.","CEO Reitsma gets death benefit of 50% of base salary; other officers get 40%; base salary increases shift to March 1.","Mark Augustyn (Chief Commercial Banking Officer) and Tara Randall (Chief Experience Officer) designated as new executive officers.","Director appointees all previously served on bank's board; committees assigned; compensation per standard director fee schedule."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186120,"accession_number":"0001437749-24-036177","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-11-25T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank adopts new deferred compensation plan for executives and directors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Adopted Nonqualified Deferred Compensation Plan #2, effective Jan 1, 2025, replacing prior plan.","Eligible: directors and executive VPs; defer up to 80% salary, 100% bonus, 100% director fees.","No employer contributions; participants always 100% vested; account credited with investment returns.","Distributions: separation, death, disability, in-service (lump sum or 5-yr installments), or emergency.","Rabbi trust with Principal Trust Company holds assets; assets subject to general creditor claims."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186119,"accession_number":"0001437749-24-031198","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-10-15T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q3 2024 EPS $1.22; loans grow 10.3% annualized, deposits up 30%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $19.6M ($1.22 diluted EPS) vs $20.9M ($1.30) in Q3 2023; net revenue $58.0M.","Net interest margin 3.52% (down from 3.98%); provision for credit losses reduced to $1.1M from $3.3M.","Total loans increased $115M annualized 10.3% led by commercial; local deposits rose $339M (33.7% annualized).","Loan-to-deposit ratio improved to 102% from 110% at Dec 2023; nonperforming assets remain low at 0.2% of assets.","Total assets $5.92B; capital well-capitalized with total risk-based capital ratio 13.9%."],"consensus_eps_estimate":null,"consensus_eps_actual":3.72,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":202730,"accession_number":"0001437749-24-022769","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-07-16T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q2 net income $18.8M ($1.17 EPS); dividend increased","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $18.8M ($1.17 diluted EPS) vs $20.4M ($1.27) in Q2 2023; H1 net income $40.3M ($2.50) vs $41.3M ($2.58).","Net interest margin 3.63% (down from 4.05% YoY); net interest income $47.1M vs $47.6M.","Total loans grew $134M (6.3% annualized) and local deposits $261M (14.0% annualized) in H1 2024.","Nonperforming assets $9.1M (0.2% of assets) vs $3.6M at Dec 2023; net loan recoveries of $0.3M in Q2.","Board declared an increased regular quarterly cash dividend for Q3 (amount not disclosed)."],"consensus_eps_estimate":null,"consensus_eps_actual":2.5,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":202729,"accession_number":"0001437749-24-022571","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-07-11T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank adopts 2024 executive bonus plan with $1.14M target pool","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Target bonus pool $1,137,897; maximum $1,706,845 based on six performance metrics.","Metrics: EPS (25% weight), ROA (12.5%), NIM (12.5%), efficiency ratio (12.5%), NPA (12.5%), loans-to-deposits (25%).","Named executives: CEO Reitsma, CFO Christmas, COO Setlock, CHRO Hoover, retired CEO Kaminski, and two other officers.","CEO target bonus 60% of salary (max 90%); CFO target 40% (max 60%); retired CEO target 55% (max 82.5%).","Bonuses earned under plan to be paid on or before March 15, 2025; subject to clawback provisions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218896,"accession_number":"0001437749-24-018962","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-06-03T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank appoints Raymond Reitsma as President and CEO; Robert Kaminski retires, stays on board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert Kaminski retired as President/CEO effective June 1, 2024; remains a director of Mercantile and Bank.","Raymond Reitsma appointed President and CEO of Mercantile and CEO of Bank; previously EVP and COO.","Scott Setlock appointed EVP, COO, and Secretary of Mercantile and Secretary of Bank; also EVP/COO of Bank.","Reitsma has 20 years with the Bank; led commercial lending and played key role in Firstbank merger integration."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218895,"accession_number":"0001437749-24-018078","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-05-23T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Mercantile Bank shareholders elect 8 directors, ratify auditor, approve say-on-pay at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All eight director nominees elected; votes for ranged from 9.06M (Ramaker) to 9.80M (Sanchez).","Appointment of Plante & Moran as auditor ratified with 12.4M for, 79.9K against, 14.6K abstentions.","Advisory say-on-pay passed: 9.33M for, 382.3K against, 180.3K abstentions.","Broker non-votes: 2.60M on director election and say-on-pay; none on auditor ratification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218894,"accession_number":"0001437749-24-018071","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-05-23T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Mercantile Bank furnishes shareholder presentation for 2024 annual meeting","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Presentation materials used at May 23, 2024 annual meeting; no financial results disclosed.","Exhibit 99.1 furnished under Regulation FD; available on Mercantile's website.","No material new business or guidance provided in the filing or exhibits."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218893,"accession_number":"0001437749-24-012137","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-04-16T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q1 net income $21.6M ($1.34 EPS); revenue up 5.2% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $21.6M ($1.34 diluted EPS) vs $21.0M ($1.31) in Q1 2023.","Total revenue $58.2M, up 5.2% YoY; net interest margin 3.74% (down from 4.28%).","Local deposits grew $102M (11% annualized) vs Q4 2023; total deposits $4.01B.","Nonperforming assets remain low at $6.2M (0.1% of total assets); net loan recoveries $0.4M.","Total risk-based capital ratio 13.8%; bank remains 'well-capitalized' with $196M above threshold."],"consensus_eps_estimate":null,"consensus_eps_actual":1.34,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":238798,"accession_number":"0001437749-24-007465","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-03-12T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Mercantile Bank appoints Nelson F. Sanchez to board, expanding size to nine","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board size increased from 8 to 9 members; Sanchez fills the new vacancy effective March 8, 2024.","Sanchez, 59, is CEO of RoMan Manufacturing; he joined Mercantile Bank's board in 2022.","Appointed to Audit, Compensation, and Governance & Nominating Committees; qualifies as audit committee financial expert.","Will stand for election at the May 2024 annual meeting; receives standard outside director compensation.","Sanchez is a CPA, fluent in Spanish, with strategic leadership and diversity training."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":238797,"accession_number":"0001437749-24-001324","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2024-01-16T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q4 net income $20.0M ($1.25 EPS); full-year EPS $5.13, up 33%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2023 net income $20.0M ($1.25 diluted EPS) vs $21.8M ($1.37) in Q4 2022; full-year net income $82.2M ($5.13) vs $61.1M ($3.85).","Total revenue $226M in 2023, up 18.6% YoY; net interest margin 4.05% vs 3.32% in 2022.","Loans grew $387M (9.9%) in 2023; nonperforming assets remain low at $3.6M (0.1% of assets).","Board declared increased Q1 2024 cash dividend, up ~3% from Q4 2023 and ~6% from Q1 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":5.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":256284,"accession_number":"0001437749-23-028329","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-10-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank announces CEO succession: Kaminski to retire June 2024, Reitsma appointed","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kaminski to retire as President and CEO effective June 1, 2024; will remain on board.","Reitsma appointed President and CEO effective same date; currently EVP and COO.","Reitsma joined Mercantile in 2003; President of Mercantile Bank since Jan 2017.","Kaminski instrumental in Mercantile's formation in 1997; 40-year banking career."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":256283,"accession_number":"0001437749-23-028327","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-10-17T23:59:59+00:00","items":["2.02","5.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q3 net income $20.9M ($1.30 diluted EPS) up 31% YoY; board adds two directors","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $20.9M ($1.30 diluted EPS) vs $16.0M ($1.01) in Q3 2022; net interest income $49.0M, up 15.5%.","Total loans up $188M in first nine months of 2023 (annualized 6.4%); commercial loans +$87M, residential mortgage +$99.1M.","Nonperforming assets at $5.9M (0.11% of assets); one commercial loan relationship on nonaccrual drove increase.","Appointed Amy Sparks (Nuvar CEO, CPA) and Raymond Reitsma (COO) to Board effective Oct 12, 2023.","Capital strong: total risk-based capital ratio 13.9%; Bank well-capitalized with $189M excess over 10% threshold."],"consensus_eps_estimate":null,"consensus_eps_actual":3.89,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":273696,"accession_number":"0001437749-23-020092","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-07-18T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q2 net income $20.4M, EPS $1.27, up from $0.74 YoY; net interest margin expands to 4.05%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $20.4M ($1.27 diluted EPS) up from $11.7M ($0.74) in Q2 2022; revenue $55.2M, +31% YoY.","Net interest margin expanded to 4.05% (Q2 2022: 2.88%); loan yield 6.19% vs 3.97% on variable-rate repricing.","Total loans grew annualized 6.9% in H1; commercial loans +$56.8M, residential +$78.2M YTD; NPAs $2.8M.","Capital well-capitalized; total risk-based capital ratio 13.7%; Board approved increased Q3 2023 cash dividend."],"consensus_eps_estimate":null,"consensus_eps_actual":2.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":290718,"accession_number":"0001437749-23-018114","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-06-22T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank Corp adopts 2023 executive bonus plan with $884,496 max pool","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Maximum bonus pool of $884,496 allocated among 5 named executive officers, including CEO Robert Kaminski.","Bonuses tied to 7 metrics: EPS (25%), ROA, ROE, NIM, efficiency ratio, NPA, wholesale funds (12.5% each).","Each metric target independently; aggregate payout percentage applied to pool to determine Award Amount.","Individual payouts capped at % of salary: CEO 55%, President 50%, CFO 40%, HR Dir 30%, CRO 20%.","Earned bonuses paid on or before March 15, 2024; plan includes clawback provisions for inaccurate financials."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":290717,"accession_number":"0001437749-23-015826","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-05-25T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Mercantile Bank shareholders elect all six directors, approve 2023 incentive plan and auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Each of six director nominees elected with 9.2M-9.5M votes for; David Ramaker received 8.26M for, 1.45M withheld.","Stock Incentive Plan of 2023 approved with 9.23M votes for, 458,822 against, 16,466 abstentions.","Ratification of Plante & Moran as auditor for 2023 passed with 12.44M votes for, 68,537 against.","Advisory vote on named executive officer compensation approved with 9.48M votes for, 195,851 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":290716,"accession_number":"0001437749-23-015769","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-05-25T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Mercantile Bank furnishes shareholder presentation for 2023 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation used at May 25, 2023 annual meeting; no specific financial details disclosed in the filing.","Exhibit 99.1 contains the presentation; content not available in this 8-K text.","Presentation may be used in future investor and stakeholder meetings."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":290715,"accession_number":"0001437749-23-010501","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-04-18T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q1 net income $21.0M ($1.31 EPS) vs $11.5M ($0.73) YoY; NIM expands to 4.28%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net interest income rose 56.7% to $48.4M, driven by NIM expansion to 4.28% from 2.57%.","Total revenue $55.3M (+37.8% YoY); noninterest income down to $7.0M from $9.3M.","Total loans grew $48.9M (5.1% annualized); deposits declined $115M (3.1%) but remain stable.","Nonperforming assets remain low at $8.4M (0.2% of total assets); net loan recoveries negligible.","Regular cash dividend increased over 3% to $0.33 per share; total risk-based capital ratio 13.8%."],"consensus_eps_estimate":null,"consensus_eps_actual":1.31,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":290714,"accession_number":"0001437749-23-010032","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-04-12T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Jeff A. Gardner retires from Mercantile Bank board effective March 23, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jeff A. Gardner retired from the Boards of Mercantile Bank Corporation and its subsidiary, effective March 23, 2023.","Gardner had served on the board since 2014.","Retirement is not due to any disagreement with the company's operations, policies, or practices."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":311579,"accession_number":"0001437749-23-006894","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-03-16T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Mercantile Bank dismisses BDO USA, appoints Plante & Moran as auditor for 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Dismissed BDO USA as auditor; no disagreements or reportable events in FY2021-2022","Appointed Plante & Moran as independent auditor for FY ending Dec 31, 2023","BDO's reports for FY2021-2022 were unqualified with no adverse opinion","No prior consultations with Plante & Moran on accounting or auditing matters"],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":311578,"accession_number":"0001437749-23-001102","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2023-01-17T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q4 net income $21.8M, EPS $1.37; full-year EPS $3.85; dividend raised to $0.33","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2022 net income $21.8M ($1.37 diluted EPS) vs $11.6M ($0.74) a year ago; net interest margin expanded to 4.30% from 2.74%.","Full-year 2022 net income $61.1M ($3.85 diluted EPS) vs $59.0M ($3.69) in 2021; total revenue up 5.6% to $190M.","Loans grew $463M (13.4%) in 2022, led by commercial and residential mortgage growth; nonperforming assets remained low at 0.2% of assets.","Board declared Q1 2023 cash dividend of $0.33 per share, a 3% increase from the prior regular dividend of $0.32.","Provision for credit losses was $3.1M in Q4 vs negative $3.4M a year ago; capital ratios remain well-capitalized."],"consensus_eps_estimate":null,"consensus_eps_actual":3.85,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":330149,"accession_number":"0001437749-22-027733","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-11-18T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank promotes Brett Hoover to SVP, HR Director effective Jan 1, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brett Hoover, age 52, promoted from Bank's HR Director to same role at holding company effective 1/1/2023.","Amended employment agreement includes 3-year term with automatic renewal; base salary not less than prior year.","Death benefit of $100,000; severance of greater of remaining salary or $250,000 plus 18 months benefits on termination without cause.","Non-compete covenant for 18 months post-termination; change-in-control agreement provides $250,000 lump sum if terminated within 24 months after change.","Mr. Hoover has been with the Bank over 15 years; no family relationships or material related-party transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":330148,"accession_number":"0001437749-22-024282","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-10-18T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q3 2022 net income $16.0M ($1.01 EPS), up from $15.1M ($0.95) YoY; 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loan growth and NIM expansion offset mortgage fee decline","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $11.7M, EPS $0.74 vs $18.1M, $1.12 in Q2 2021; H1 net income $23.2M ($1.47) vs $32.3M ($2.00) YoY.","Net interest income $34.3M (+11.2% YoY); NIM 2.88% (up from 2.76% in Q2 2021 and 2.57% in Q1 2022).","Core commercial loan annualized growth 10.2% in Q2; residential mortgage loans increased $101M in Q2.","Nonperforming assets $1.8M, 0.04% of total assets; net loan recoveries of $0.3M in Q2.","Board declared increased Q3 2022 regular cash dividend; total risk-based capital ratio 13.4% (well-capitalized)."],"consensus_eps_estimate":null,"consensus_eps_actual":1.47,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":347710,"accession_number":"0001437749-22-017240","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-07-18T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank adopts 2022 executive bonus plan with $729,950 pool","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Maximum bonus pool $729,950; payouts based on seven metrics: EPS (25%), NPA, NIM, revenue, efficiency ratio, ROA, ROE (12.5% each).","Pro rata allocation based on salary caps: CEO 55%, President 45%, CFO 35%, CRO 20%.","Bonuses payable on or before March 15, 2023, subject to clawback for inaccurate financials or misconduct.","Plan effective Jan 1, 2022; covers executives Kaminski, Reitsma, Christmas, Worthington."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":364226,"accession_number":"0001437749-22-013723","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-05-27T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Mercantile Bank shareholders elect all seven directors, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All seven director nominees elected: Cassard, Davenport, Eldridge, Gardner, Kaminski, Price, Ramaker.","Ratification of BDO USA, LLP as independent auditor for 2022: 11,970,307 for, 41,988 against.","Advisory vote on executive compensation approved: 8,957,345 for, 162,357 against, 108,484 abstentions.","Broker non-votes on director elections totaled 2,796,100."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":364225,"accession_number":"0001437749-22-013583","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-05-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Mercantile Bank furnishes shareholder presentation for 2022 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Presentation dated May 26, 2022, furnished as Exhibit 99.1 to Form 8-K.","Management used the presentation at the 2022 Annual Meeting of Shareholders on May 26, 2022.","Presentation is available on the company's website at http://ir.mercbank.com.","Information is furnished, not filed, under SEC rules and not incorporated by reference.","Presentation may be used with modifications for investors, analysts, lenders, and others."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":364224,"accession_number":"0001437749-22-012698","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-05-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Mercantile Bank board committee changes; former CEO Price steps down from three committees","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael H. 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Price leaves Audit, Governance/Nominating, and Compensation Committees.","Price also replaced as Executive Session Facilitator by Michael Davenport.","Price remains Chairman of the Board; change effective May 13, 2022.","Move follows discussions with institutional shareholders regarding former CEO committee membership."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":364222,"accession_number":"0001437749-22-009173","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-04-19T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q1 net income $11.5M ($0.73 EPS) down from $14.2M; core loans up 11% annualized","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $11.5M ($0.73 diluted EPS) vs $14.2M ($0.87) in Q1 2021; revenue $40.2M vs $43.0M.","Net interest income rose 4.6% to $30.9M; net interest margin narrowed to 2.57% from 2.77%.","Core commercial loan growth annualized 11% (~$82M); total loans up $102M, offset by PPP decline.","Nonperforming assets remained low at $1.6M (<0.1% of assets); net loan recoveries $0.1M annualized.","Capital well-capitalized with total risk-based capital ratio 13.8% vs 13.6% year-end."],"consensus_eps_estimate":null,"consensus_eps_actual":0.73,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":383946,"accession_number":"0001437749-22-005270","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-03-04T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Mercantile Bank SVP & HR Director Lonna Wiersma retires; Brett Hoover named successor","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lonna L. Wiersma, Senior Vice President and Human Resource Director, retired on March 4, 2022, after 23 years of service.","Brett Hoover, 51, appointed as Human Resource Director; Hoover has been with Mercantile Bank for over 15 years.","No further details on compensation or transition terms provided in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":383945,"accession_number":"0001437749-22-001024","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-01-18T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mercantile Bank Q4 GAAP EPS $0.74 vs $0.87; adjusted EPS +8%; FY net income $59M up 34%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $11.6M ($0.74 diluted) vs $14.1M ($0.87); full year $59.0M ($3.69) vs $44.1M ($2.71).","Excluding foundation formation costs, adjusted diluted EPS increased 8% in Q4 and 43.5% for full year.","Core commercial loans grew $482M in 2021 (Q4 annualized rate ~27%); net loan recoveries of $1.7M.","Board declared Q1 2022 dividend $0.31/share (+3%); repurchased 683K shares for $21.4M in 2021.","Asset quality strong: nonperforming assets $2.5M (0.1% of assets); no other real estate owned."],"consensus_eps_estimate":null,"consensus_eps_actual":3.69,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2021-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":383944,"accession_number":"0001437749-22-000972","cik":1042729,"company_name":"MERCANTILE BANK CORP","ticker":"MBWM","form_type":"8-K","filed_at":"2022-01-14T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Mercantile Bank issues additional $15M of 3.25% subordinated notes due 2032","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Raised $15M additional subordinated notes, increasing total issuance to $90M from $75M.","Notes bear fixed 3.25% for first 5 years, then float at SOFR +212 bps; mature 2032.","Net proceeds for general corporate purposes, including supporting organic loan growth.","Raymond James & Associates acted as sole placement agent for the offering."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":906041006.6817924,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-01-14T23:59:59+00:00|383944"}