{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-020092","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2023-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.995047+00:00","generated_at":"2026-06-13T06:47:49.956096+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Mercantile Bank Q2 net income $20.4M, EPS $1.27, up from $0.74 YoY; net interest margin expands to 4.05%","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-020092","json":"https://secwatch.observer/filing/0001437749-23-020092.json","markdown":"https://secwatch.observer/filing/0001437749-23-020092.md","text":"https://secwatch.observer/filing/0001437749-23-020092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774923020092/0001437749-23-020092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774923020092/mbwm20230717_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T06:47:49.956096+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":[{"claim_id":"cf3f9858dc25cb8cbdb1c2c73913f6837debbf86","claim":"MERCANTILE BANK CORP reported second quarter of 2023 results: net income $20.4 million, EPS $1.27 per diluted share.","evidence_excerpt":"Mercantile Bank Corporation (NASDAQ: MBWM) (\"Mercantile\") reported net income of $20.4 million, or $1.27 per diluted share, for the second quarter of 2023, compared with net income of $11.7 million, or $0.74 per diluted share, for the respective prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042729/000143774923020092/0001437749-23-020092-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"Net income","value":"$20.4 million"},{"label":"EPS","value":"$1.27 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"dbe3eb842790fc565120ee308e5670e6e33da621","claim":"MERCANTILE BANK CORP reported first six months of 2023 results: net income $41.3 million, EPS $2.58 per diluted share.","evidence_excerpt":"Net income during the first six months of 2023 totaled $41.3 million, or $2.58 per diluted share, compared with net income of $23.2 million, or $1.47 per diluted share, during the first six months of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042729/000143774923020092/0001437749-23-020092-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first six months of 2023"},{"label":"Net income","value":"$41.3 million"},{"label":"EPS","value":"$2.58 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}