{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-001024","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2022-01-18T23:59:59+00:00","discovered_at":"2026-05-14T18:04:05.232605+00:00","generated_at":"2026-06-27T17:25:25.976948+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Mercantile Bank Q4 GAAP EPS $0.74 vs $0.87; adjusted EPS +8%; FY net income $59M up 34%","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-001024","json":"https://secwatch.observer/filing/0001437749-22-001024.json","markdown":"https://secwatch.observer/filing/0001437749-22-001024.md","text":"https://secwatch.observer/filing/0001437749-22-001024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774922001024/0001437749-22-001024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774922001024/mbwm20220114_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T17:25:25.976948+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}