{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-012137","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2024-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.002146+00:00","generated_at":"2026-06-03T22:01:52.138828+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Mercantile Bank Q1 net income $21.6M ($1.34 EPS); revenue up 5.2% YoY","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-012137","json":"https://secwatch.observer/filing/0001437749-24-012137.json","markdown":"https://secwatch.observer/filing/0001437749-24-012137.md","text":"https://secwatch.observer/filing/0001437749-24-012137.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774924012137/0001437749-24-012137-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774924012137/mbwm20240312c_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T22:01:52.138828+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":"c10dc0e71a6a3ee1e7e6cf908cdb25643945c187","claim":"MERCANTILE BANK CORP reported the quarter ended March 31, 2024 results: revenue $58.2 million, net income $21.6 million, EPS $1.34 per diluted share.","evidence_excerpt":"assets, past due loans, and loan charge-offs ● Strong capital position Operating Results Total revenue, consisting of net interest income and noninterest income, was $58.2 million during the first quarter of 2024, up $2.9 million, or 5.2 percent, from $55.3 million during the prior-year first quarter. Net interest income during the first three months of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042729/000143774924012137/0001437749-24-012137-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$58.2 million"},{"label":"Net income","value":"$21.6 million"},{"label":"EPS","value":"$1.34 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"}