Last $18.95 USD
Change Today -0.12 / -0.63%
Volume 3.2K
MBWM On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:41 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

mercantile bank corp (MBWM) Snapshot

Open
$19.02
Previous Close
$19.07
Day High
$19.02
Day Low
$18.80
52 Week High
07/1/14 - $23.58
52 Week Low
04/25/14 - $16.72
Market Cap
319.3M
Average Volume 10 Days
25.1K
EPS TTM
$1.84
Shares Outstanding
16.9M
EX-Date
09/10/14
P/E TM
10.3x
Dividend
$0.48
Dividend Yield
13.09%
Current Stock Chart for MERCANTILE BANK CORP (MBWM)

mercantile bank corp (MBWM) Related Businessweek News

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mercantile bank corp (MBWM) Details

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial banking services for businesses, individuals, and governmental units. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements. The company also offers secured and unsecured commercial loans comprising commercial and industrial, vacant land, land development and residential construction, owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, credit cards, and overdraft protection. In addition, the company provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. As of July 22, 2014, it operated 53 banking offices in central and western Michigan. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.

mercantile bank corp (MBWM) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $474.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $255.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $305.0K
Compensation as of Fiscal Year 2013.

mercantile bank corp (MBWM) Key Developments

Mercantile Bank Corp. to Report Q2, 2014 Results on Jul 22, 2014

Mercantile Bank Corp. announced that they will report Q2, 2014 results on Jul 22, 2014

Mercantile Bank Corporation Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2014

Mercantile Bank Corporation announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. The company reported net income of $1.5 million, or $0.13 per basic and diluted share, for the second quarter of 2014, compared with net income of $4.0 million, or $0.46 per basic and diluted share, for the prior-year period. Net interest income during the second quarter of 2014 was $15.6 million, up $4.2 million or 37.5% from the second quarter of 2013, reflecting a 38.3% increase in average earning assets, which was partially offset by a four basis point decrease in the net interest margin. The company reported income before federal income tax expense of $2.5 million against $5.8 million for the same quarter a year ago. For the six months ended the company reported net interest income of $22,766,000 against $23,380,000 for the same period a year ago. The company reported income before federal income tax expense of $7.7 million against $12 million for the same period a year ago. Net income was $5.1 million or $0.50 per basic and diluted share against $8.4 million or $0.97 per basic and diluted share for the same period a year ago. For the quarter, the company reported net loan charge-offs of $0.602 million against $0.411 million a year ago.

Mercantile Bank Corporation Declares Regular Quarterly Cash Dividend, Payable on September 24, 2014

Mercantile Bank Corporation announced that on July 17, 2014 it's board of directors declared a regular quarterly cash dividend of $0.12 per common share, payable on September 24, 2014 to holders of record as of September 12, 2014.

 

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