{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-022769","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2024-07-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.991613+00:00","generated_at":"2026-05-31T20:23:15.454675+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 Q2 net income $18.8M ($1.17 EPS); dividend increased","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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-022769","json":"https://secwatch.observer/filing/0001437749-24-022769.json","markdown":"https://secwatch.observer/filing/0001437749-24-022769.md","text":"https://secwatch.observer/filing/0001437749-24-022769.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774924022769/0001437749-24-022769-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774924022769/mbwm20240605_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T20:23:15.454675+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"}