Mercantile Bank Corporation

MBWM

US5873761044

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-07-16 pm EDT			5-day change	1st Jan Change
49.44 ^USD	+12.06%		+26.54%	+22.44%

Jul. 16	Transcript : Mercantile Bank Corporation, Q2 2024 Earnings Call, Jul 16, 2024
Jul. 16	Mercantile Bank Q2 Earnings Decline, Revenue Rises	MT

Mercantile Bank Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2020

January 19, 2021 at 10:25 am EST

Mercantile Bank Corporation announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 31.849 million compared to USD 31.168 million a year ago. Net income was USD 14.082 million compared to USD 13.317 million a year ago. Basic earnings per share from continuing operations was USD 0.87 compared to USD 0.81 a year ago. For the full year, net interest income was USD 122.246 million compared to USD 124.534 million a year ago. Net income was USD 44.138 million compared to USD 49.456 million a year ago.

Latest news about Mercantile Bank Corporation

Transcript : Mercantile Bank Corporation, Q2 2024 Earnings Call, Jul 16, 2024	Jul. 16
Mercantile Bank Q2 Earnings Decline, Revenue Rises	Jul. 16	MT
Mercantile Bank Boosts Dividend by Nearly 3% to $0.36 a Share, Payable Sept. 18 to Holders as of Sept. 6	Jul. 16	MT
Mercantile Bank Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	Jul. 16	CI
Mercantile Bank Corporation Increases Regular Quarterly Cash Dividend, Payable on September 18, 2024	Jul. 16	CI
Mercantile Bank Corporation and Mercantile Bank Announces Chief Executive Officer Changes	Jun. 03	CI
Mercantile Bank Corporation Announces Executive Changes	Jun. 03	CI
Transcript : Mercantile Bank Corporation - Shareholder/Analyst Call	May. 23
Tamilnad Mercantile Bank to Open New Branch in Andhra Pradesh, India	May. 22	MT
Janney Downgrades Mercantile Bank to Neutral From Buy, Price Target at $41	May. 08	MT
Tamilnad Mercantile Bank to Open Two New Branches in India	May. 05	MT
Tranche Update on Mercantile Bank Corporation's Equity Buyback Plan announced on May 27, 2021.	May. 03	CI
Tamilnad Mercantile Bank Appoints Chief Risk Officer	May. 02	MT
Tamilnad Mercantile Bank Posts Flat Net Profit in Fiscal Q4	Apr. 22	MT
Tamilnad Mercantile Bank to Open Four New Branches in India	Apr. 21	MT
Transcript : Mercantile Bank Corporation, Q1 2024 Earnings Call, Apr 16, 2024	Apr. 16
North American Morning Briefing : Powell Comments, -2-	Apr. 16	DJ
Mercantile Bank's Q1 Earnings, Revenue Rise; Keeps Quarterly Dividend of $0.35 a Share	Apr. 16	MT
Mercantile Bank Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 16	CI
Mercantile Bank Corporation Declares Regular Cash Dividend, Payable on June 19, 2024	Apr. 16	CI
Tamilnad Mercantile Bank to Open Three New Branches	Mar. 26	MT
Tamilnad Mercantile Bank Opens New Branch in Tamil Nadu, India	Mar. 15	MT
Tamilnad Mercantile Bank Opens New Branch in Tamil Nadu	Feb. 18	MT
Tamilnad Mercantile Bank Sess Marginal Rise in Fiscal Q3 Net Profit	Jan. 23	MT
Transcript : Mercantile Bank Corporation, 2023 Earnings Call, Jan 16, 2024	Jan. 16

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Company Profile

Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.

Sector

Banks

Calendar

2024-10-14 - Q3 2024 Earnings Release (Projected)

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Ratings for Mercantile Bank Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

49.44 USD

Average target price

48.25 USD

Spread / Average Target

-2.41%

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Quarterly earnings - Rate of surprise

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