{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-012600","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2025-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.280805+00:00","generated_at":"2026-05-23T08:56:39.472228+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Mercantile Bank Q1 net income $19.5M ($1.21 EPS) down from $1.34 YoY; NII up 2.5%","bullets":["Net income $19.5M ($1.21 diluted EPS) vs $21.6M ($1.34) in Q1 2024.","Net interest income $48.6M (+2.5% YoY); net interest margin 3.47% vs 3.74%.","Noninterest income $8.7M (down from $10.9M); treasury management and mortgage banking fees rose, swap income fell.","Nonperforming assets $5.4M (0.1% of total assets); net loan recoveries $0.1M, annualized 0.01% of avg loans.","Total loans grew 3.2% annualized; deposits down $16.6M in Q1; loan-to-deposit ratio 99%."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-012600","json":"https://secwatch.observer/filing/0001437749-25-012600.json","markdown":"https://secwatch.observer/filing/0001437749-25-012600.md","text":"https://secwatch.observer/filing/0001437749-25-012600.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774925012600/0001437749-25-012600-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774925012600/mbwm20250128_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T08:56:39.472228+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"}