Mercantile Bank
Highly Engaged Employees
Highly Engaged EmployeesBanking · Michigan, United States · 501-1,000 Employees
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Overview
Headquarters
310 Leonard St NW, Grand Rapids, Michiga...Phone Number
(616) 406-3000Website
www.mercbank.comRevenue
$263.9 MillionStock Symbol
MBWMIndustry
ZI Rank: 9
Signal Type
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ZI Rank
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About Mercantile Bank
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personalRead more
Mercantile Bank Org Chart
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Company Profile Activity
Activity Insights
Mercantile Bank is experiencing very low activity levels compared to other companies in the Finance sector.
What does this means?
Mercantile Bank is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about Mercantile Bank.
Mercantile Bank Tech Stack
A closer look at the technologies used by Mercantile Bank
Most Recent Scoops
Earnings
Mercantile Bank has reported a loan-to-deposit ratio of 93% as of June 30, 2026, improved from 100% at June 30, 2025, with non-interest-bearing deposits comprising 27% and lower-cost deposits comprising 24% of the total deposit mix, up from 25% and 20%, respectively, at the end of the second quarter of 2025.
Accounting, Financial Reporting, Banking, Finance
Earnings
Mercantile Bank has reported a net interest margin of 3.59% for the second quarter of 2026, reflecting an increase of 11 basis points over the last 5 quarters, even as the SOFR 90-day average rate declined 71 basis points over the same period.
Earnings, Accounting, Financial Reporting, Finance
Earnings
Mercantile Bank has reported average loans of $4.89 billion during the second quarter of 2026, an increase of $197 million compared to the second quarter of 2025, with the yield on loans declining 28 basis points year-over-year, primarily reflecting the aggregate 75 basis point decrease in the federal funds rate during the last 4 months of 2025.
Earnings, Business Finance, Finance
Earnings
Mercantile Bank has reported commercial loan growth of $115 million in the second quarter of 2026, representing an annualized growth rate of 11.7%, with new commercial loan commitments totaling $224 million and construction loan funding commitments totaling $283 million as of June 30, 2026, each at or near 5-quarter highs.
Business Finance, Finance
Earnings
Asset Management, Accounting, Financial Reporting, Finance
Mercantile Bank News & Media
Mercantile Bank Q2 Earnings Call Highlights
Mercantile Bank (NASDAQ:MBWM) reported higher second-quarter earnings and said its year-end 2025 acquisition of Eastern Michigan contributed to stronger deposits, improved liquidity and a stable net interest margin. Executive Vice President and Chief Financial Officer Chuck Christmas said the compaMercantile Bank Corporation Announces Strong Second Quarter 2026 Results
Net interest income expansion, strong commercial loan growth, and sustained strength in asset quality metrics and capital levels highlight the quarter GRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $25.9...Mercantile Bank Corporation Increases Regular Cash Dividend
Board of Directors declares $0.40 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 2.8% percent GRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July...Mercantile Community Partners Reaches 500 Affordable Housing Units Financed Across Michigan
Mercantile Bank Corporation subsidiary marks major milestone in supporting affordable housing development through tax credit equity investments. Key Takeaways Mercantile Community Partners (MCP) has surpassed 500 affordable housing units financed across Michigan through Low-Income Housing...
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Frequently Asked Questions Regarding Mercantile Bank
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Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certifica... Read More
