{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-001456","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2025-01-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.778498+00:00","generated_at":"2026-05-27T21:50:38.217224+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Mercantile Bank Q4 net income down to $19.6M ($1.22); full-year EPS $4.93, declares higher dividend","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-001456","json":"https://secwatch.observer/filing/0001437749-25-001456.json","markdown":"https://secwatch.observer/filing/0001437749-25-001456.md","text":"https://secwatch.observer/filing/0001437749-25-001456.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774925001456/0001437749-25-001456-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774925001456/mbwm20250107_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T21:50:38.217224+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"}