Mercantile Bank Corporation (MBWM)

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Mercantile Bank (MBWM) have what it takes?

Mercantile Bank (MBWM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Mercantile Bank's main challenge remains weak deposit growth, limiting its ability to capitalize on strong loan demand and keeping the loan-to-deposit ratio near 100%. Management is mitigating interest rate risk by increasing fixed-rate securities, which should gradually boost net interest margin as low-yield bonds mature and are reinvested. The bank maintains a solid dividend yield (3.17%) with sustainable payout and a track record of growth, but remains highly cyclical and exposed to economic downturns.

PHIN, MBWM, THC, RVLV and PHAR have been added to the Zacks Rank #1 (Strong Buy) List on July 25, 2025.

EDNMY, THC and MBWM made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 25, 2025.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Mercantile Bank (MBWM) have what it takes?

Mercantile Bank Corporation (NASDAQ:MBWM ) Q2 2025 Earnings Conference Call July 22, 2025 10:00 AM ET Company Participants Nichole Kladder - Chief Marketing Officer Raymond Reitsma - President, CEO & Director Charles Christmas - Executive VP, CFO & Treasurer Conference Call Participants Daniel Tamayo - CGS International Nathan Race - Piper Sandler & Co., Research Division Damon Del Monte - Keefe, Bruyette, & Woods, Inc., Research Division Operator Good morning, and welcome to the Mercantile Bank Corporation Second Quarter 2025 Earnings Conference Call. [Operator Instructions].

Although the revenue and EPS for Mercantile Bank (MBWM) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Mercantile Bank (MBWM) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.17 per share a year ago.

Net interest income expansion, substantial noninterest income growth, and ongoing strength in asset quality metrics and capital levels highlight the quarter GRAND RAPIDS, Mich. , July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $22.6 million, or $1.39 per diluted share, for the second quarter of 2025, compared with net income of $18.8 million, or $1.17 per diluted share, for the second quarter of 2024.

Partnership strengthens Mercantile's position as Michigan's largest bank by total assets, enhances core deposit base and liquidity, and accelerates growth in key markets GRAND RAPIDS, Mich., July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation ("Mercantile") (NASDAQ: MBWM) and Eastern Michigan Financial Corporation ("EFIN") (OTCID: EFIN) today jointly announced that they have entered into a definitive merger agreement pursuant to which EFIN and its wholly owned subsidiary, Eastern Michigan Bank ("Eastern"), will combine with Mercantile in a cash and stock transaction valued at approximately $95.8 million, as detailed below.

Board declares $0.38 regular quarterly cash dividend on common stock,  resulting in a current annual yield of approximately 3.1 percent GRAND RAPIDS, Mich. , July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.38 per common share, payable on September 17, 2025, to holders of record as of September 5, 2025.

GRAND RAPIDS, Mich. , June 30, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.

Over $200,000 provided to nonprofits through Federal Home Loan Bank of Indianapolis  Community Multiplier Program GRAND RAPIDS, Mich. , May 1, 2025 /PRNewswire/ -- Mercantile Bank is proud to announce its participation in the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis)  Community Multiplier  program, resulting in over  $200,000 in grant funding awarded to six nonprofit organizations across the state supporting affordable housing projects.

Mercantile Bank Corporation (NASDAQ:MBWM ) Q1 2025 Earnings Conference Call April 22, 2025 10:00 AM ET Company Participants Ray Reitsma - President & CEO Chuck Christmas - EVP & CFO Nichole Kladder - CMO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tamayo - Raymond James Damon DelMonte - KBW Adam Kroll - Piper Sandler Operator Good morning, and welcome to the Mercantile Bank Corporation 2025 first quarter earnings results conference call. [Operator instructions].

While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.