MERCANTILE BANK CORP
MBWM · State Commercial Banks · 17.3M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $18M (gross $21M, SBC $3M)
Reference price $45.85 · est. market cap ~$792M — last insider sale, 2025-11-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B71Mercantile Bank (MI) — high-ROA Michigan commercial bank.
Strengths
- ROE 12.2% (80th pct), ROA (75th)
Risks
- CRE/commercial-credit exposure
- Rate sensitivity
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
Key metrics
Return on equity
12.2%
Return on assets
1.3%
Net-income growth
11.5%
Tangible book value
$632M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-22 | Jones Joseph D | Grant | 715 | — |
| 2026-05-22 | Williams Shoran R | Grant | 715 | — |
| 2026-05-22 | MacDonald Richard D | Grant | 715 | — |
| 2026-05-22 | Schmidt Sara A | Grant | 715 | — |
| 2026-05-22 | Schweihofer Steven | Grant | 715 | — |
| 2026-05-22 | Sanchez Nelson F | Grant | 715 | — |
| 2026-05-22 | Sparks Amy L | Grant | 906 | — |
| 2026-05-22 | Davenport Michael S. | Grant | 753 | — |
| 2026-05-22 | Eldridge Michelle Larabee | Grant | 830 | — |
| 2026-05-22 | RAMAKER DAVID B | Grant | 801 | — |
| 2026-05-22 | PRICE MICHAEL H | Grant | 1.1K | — |
| 2026-02-17 | Reitsma Raymond E. | Tax withheld | 4.0K | $54.24 |
| 2026-02-17 | CHRISTMAS CHARLES E | Tax withheld | 3.0K | $54.24 |
| 2026-02-15 | Reitsma Raymond E. | Grant | 1.8K | — |
| 2026-02-15 | CHRISTMAS CHARLES E | Grant | 1.3K | — |
| 2026-02-05 | Reitsma Raymond E. | Grant | 3.8K | — |
| 2026-02-05 | Hoover Brett | Grant | 1.9K | — |
| 2026-02-05 | Hoover Brett | Grant | 944 | — |
| 2026-02-05 | CHRISTMAS CHARLES E | Grant | 2.8K | — |
| 2026-02-05 | CHRISTMAS CHARLES E | Grant | 1.4K | — |
| 2026-02-05 | Reitsma Raymond E. | Grant | 7.6K | — |
| 2026-02-05 | Randall Tara M | Grant | 1.8K | — |
| 2026-02-05 | Randall Tara M | Grant | 910 | — |
| 2026-02-05 | Augustyn Mark S | Grant | 1.4K | — |
| 2026-02-05 | Setlock Scott P | Grant | 2.3K | — |
| 2026-02-05 | Setlock Scott P | Grant | 1.1K | — |
| 2026-02-05 | Augustyn Mark S | Grant | 2.9K | — |
| 2026-01-06 | Schweihofer Steven | Grant | 321 | — |
| 2025-12-31 | Schweihofer Steven | Grant | 5.3K | — |
| 2025-12-19 | Setlock Scott P | Tax withheld | 1.2K | $49.45 |
| 2025-12-19 | Hoover Brett | Tax withheld | 950 | $49.45 |
| 2025-12-19 | Randall Tara M | Tax withheld | 1.5K | $49.45 |
| 2025-12-19 | Augustyn Mark S | Tax withheld | 1.5K | $49.45 |
| 2025-12-12 | Augustyn Mark S | Gift | 2.0K | — |
| 2025-11-13 | PRICE MICHAEL H | Sell | 3.2K | $45.85 |
| 2025-11-13 | PRICE MICHAEL H | Sell | 1.4K | $45.81 |
| 2025-10-31 | Sanchez Nelson F | Buy | 1.0K | $43.50 |
| 2025-08-18 | RAMAKER DAVID B | Buy | 1.5K | $46.71 |
| 2025-07-29 | Williams Shoran R | Buy | 200 | $47.28 |
| 2025-07-17 | Davenport Michael S. | Grant | 17 | — |
| 2025-07-17 | Sparks Amy L | Grant | 79 | — |
| 2025-07-17 | PRICE MICHAEL H | Grant | 47 | — |
| 2025-07-17 | RAMAKER DAVID B | Grant | 20 | — |
| 2025-07-17 | Eldridge Michelle Larabee | Grant | 34 | — |
| 2025-05-22 | RAMAKER DAVID B | Grant | 926 | — |
| 2025-05-22 | Williams Shoran R | Grant | 849 | — |
| 2025-05-22 | Sparks Amy L | Grant | 979 | — |
| 2025-05-22 | Schmidt Sara A | Grant | 849 | — |
| 2025-05-22 | Sanchez Nelson F | Grant | 849 | — |
| 2025-05-22 | PRICE MICHAEL H | Grant | 1.2K | — |
| 2025-05-22 | MacDonald Richard D | Grant | 849 | — |
| 2025-05-22 | Jones Joseph D | Grant | 849 | — |
| 2025-05-22 | Eldridge Michelle Larabee | Grant | 943 | — |
| 2025-05-22 | Davenport Michael S. | Grant | 873 | — |
| 2025-05-02 | KAMINSKI ROBERT B | Sell | 250 | $42.85 |
| 2025-04-02 | KAMINSKI ROBERT B | Sell | 250 | $43.14 |
| 2025-03-03 | KAMINSKI ROBERT B | Sell | 250 | $48.11 |
| 2025-02-26 | Sanchez Nelson F | Buy | 212 | $47.00 |
| 2025-02-26 | Sanchez Nelson F | Sell | 100 | $47.31 |
| 2025-02-20 | Sanchez Nelson F | Buy | 200 | $48.00 |
| 2025-02-20 | Sanchez Nelson F | Buy | 193 | $47.50 |
| 2025-02-19 | MacDonald Richard D | Buy | 511 | $48.92 |
| 2025-02-19 | KAMINSKI ROBERT B | Tax withheld | 8.0K | $47.87 |
| 2025-02-19 | Reitsma Raymond E. | Tax withheld | 4.2K | $47.87 |
| 2025-02-19 | CHRISTMAS CHARLES E | Tax withheld | 3.1K | $47.87 |
| 2025-02-19 | Sanchez Nelson F | Buy | 191 | $48.00 |
| 2025-02-18 | Sanchez Nelson F | Buy | 195 | $48.50 |
| 2025-02-11 | KAMINSKI ROBERT B | Sell | 1.0K | $50.22 |
| 2025-02-06 | CHRISTMAS CHARLES E | Grant | 1.4K | — |
| 2025-02-06 | Augustyn Mark S | Grant | 2.6K | — |
| 2025-02-06 | Augustyn Mark S | Grant | 1.4K | — |
| 2025-02-06 | Setlock Scott P | Grant | 2.0K | — |
| 2025-02-06 | Setlock Scott P | Grant | 1.1K | — |
| 2025-02-06 | Reitsma Raymond E. | Grant | 6.1K | — |
| 2025-02-06 | Reitsma Raymond E. | Grant | 3.3K | — |
| 2025-02-06 | Randall Tara M | Grant | 1.4K | — |
| 2025-02-06 | Randall Tara M | Grant | 765 | — |
| 2025-02-06 | Hoover Brett | Grant | 1.5K | — |
| 2025-02-06 | Hoover Brett | Grant | 809 | — |
| 2025-02-06 | CHRISTMAS CHARLES E | Grant | 2.6K | — |
| 2025-02-06 | KAMINSKI ROBERT B | Sell | 1.0K | $49.82 |
| 2025-02-05 | PRICE MICHAEL H | Sell | 6.4K | $48.41 |
| 2025-02-04 | Sanchez Nelson F | Buy | 189 | $47.50 |
| 2025-02-03 | KAMINSKI ROBERT B | Sell | 229 | $46.95 |
| 2025-02-03 | Sanchez Nelson F | Buy | 187 | $47.89 |
| 2025-02-03 | KAMINSKI ROBERT B | Sell | 21 | $48.14 |
| 2025-01-31 | Williams Shoran R | Buy | 123 | $49.28 |
| 2025-01-29 | Sanchez Nelson F | Buy | 103 | $48.50 |
| 2025-01-27 | KAMINSKI ROBERT B | Sell | 3.0K | $50.16 |
| 2025-01-24 | KAMINSKI ROBERT B | Sell | 3.0K | $49.14 |
| 2025-01-02 | Williams Shoran R | Grant | 120 | — |
| 2025-01-02 | Schmidt Sara A | Grant | 120 | — |
| 2025-01-02 | MacDonald Richard D | Grant | 120 | — |
| 2025-01-02 | Jones Joseph D | Grant | 120 | — |
| 2025-01-02 | DICKINSON THOMAS D | Grant | 120 | — |
| 2025-01-02 | KAMINSKI ROBERT B | Sell | 250 | $44.61 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (1)
- Hub International
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-21 | Shareholder voteExhibits | filing ↗ |
| 2026-04-21 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-19 | Exec/director changeExhibits | filing ↗ |
| 2026-01-20 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-20 | ResultsReg FDExhibits | filing ↗ |
| 2025-12-31 | Material agreementDebt obligation3.03Exec/director changeOtherExhibits | filing ↗ |
| 2025-12-19 | Other | filing ↗ |
| 2025-12-17 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-21 | 2026-05-21 | 0001437749-26-018049 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0001437749-26-014320 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0001437749-26-012888 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0001437749-26-009074 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001437749-26-005997 ↗ |
| 8-K | 2026-01-20 | 2026-01-20 | 0001437749-26-001485 ↗ |
| 8-K/A | 2026-01-20 | 2026-01-20 | 0001437749-26-001502 ↗ |
| 8-K | 2025-12-31 | 2025-12-24 | 0001437749-25-039072 ↗ |
| 8-K | 2025-12-19 | 2025-12-19 | 0001437749-25-038454 ↗ |
| 8-K | 2025-12-17 | 2025-12-16 | 0001437749-25-038066 ↗ |
| 10-Q | 2025-10-31 | 2025-09-30 | 0001437749-25-032482 ↗ |
| 8-K | 2025-10-21 | 2025-10-21 | 0001437749-25-031386 ↗ |