Mercantile Bank Corporation
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About the company
Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including funding for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options.
- CEO
- Raymond E. Reitsma
- IPO
- 1999
- Employees
- 662
- HQ
- Grand Rapids, MI, US
Price Chart
- Market Cap
- $998.63M
- P/E
- 10.38
- P/S
- 2.63
- P/B
- 1.35
- EV/EBITDA
- 14.87
- Div Yield
- 2.66%
- Gross Margin
- 66.36%
- Op Margin
- 27.77%
- Net Margin
- 24.23%
- ROE
- 13.36%
- ROIC
- 1.32%
- Revenue
- $371.80M · 2.74%
- Net Income
- $88.75M · 11.51%
- EPS
- $5.46 · 10.75%
- Op Income
- $102.09M
- FCF YoY
- -87.89%
- 52W High
- $59.71
- 52W Low
- $42.75
- 50D MA
- $52.98
- 200D MA
- $49.90
- Beta
- 0.83
- Avg Volume
- 131.53K
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Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| May 22, 26 | Schweihofer Steven | other | 715 |
| May 22, 26 | Davenport Michael S. | other | 753 |
| May 22, 26 | Eldridge Michelle Larabee | other | 830 |
| May 22, 26 | Schmidt Sara A | other | 715 |
| May 22, 26 | PRICE MICHAEL H | other | 1,096 |
| May 22, 26 | Jones Joseph D | other | 715 |
| May 22, 26 | Sanchez Nelson F | other | 715 |
| May 22, 26 | RAMAKER DAVID B | other | 801 |
| May 22, 26 | MacDonald Richard D | other | 715 |
| May 22, 26 | Williams Shoran R | other | 715 |
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