# Mercantile Bank Corp (MBWM)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/mercantile-bank-corp/ JSON: https://steadybase.io/company/mercantile-bank-corp.json Checked Nov 10, 2026. Latest filing read: Oct 30, 2026.

## Company

- Legal name: MERCANTILE BANK CORP
- Ticker: MBWM (Nasdaq)
- SEC CIK: 0001042729
- Industry: State Commercial Banks (SIC 6022)
- Headquarters: Grand Rapids, MI
- Fiscal year ends: December 31
- SEC filer category: Large accelerated filer
- Website: mercbank.com
- LinkedIn: https://www.linkedin.com/company/merc-bank
- Next earnings date: Jan 19, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $330.2M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 27, 2026). Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/0001437749-26-005997-index.html
- Net income: $88.8M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 27, 2026). Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/0001437749-26-005997-index.html
- Employees: 786 as of , as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Shares outstanding: 17,288,406 as of Oct 23, 2026 (10-Q filed Oct 30, 2026). Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926034072/0001437749-26-034072-index.html
- Auditor: Plante & Moran, Pllc, GRAND RAPIDS, MICHIGAN, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm

## Business

Mercantile Bank Corporation is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the “Bank Holding Company Act”). Unless the text clearly suggests otherwise, references to “us,” “we,” “our,” or “the company” include Mercantile Bank Corporation and its wholly owned subsidiaries. As a bank holding company, we are subject to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”).

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm

## Annual results

| Fiscal year ended | Revenue | Net income |
|---|---|---|
| Dec 31, 2025 | $330.2M | $88.8M |
| Dec 31, 2024 | $321.5M | $79.6M |
| Dec 31, 2023 | $271.4M | $82.2M |
| Dec 31, 2022 | $181.8M | $61.1M |
| Dec 31, 2021 | $143.5M | $59.0M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/mercantile-bank-corp.json

## Officers and directors

- Ray Reitsma, President and Chief Executive Officer of Mercantile. LinkedIn: https://linkedin.com/in/ray-reitsma-48317a37. Source: 8-K filed Oct 20, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926032974/ex_1010164.htm
- Raymond E. Reitsma, President and Chief Executive Officer. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Charles E. Christmas, Executive Vice President, Chief Financial Officer and Treasurer. LinkedIn: https://linkedin.com/in/chuck-christmas-4279b9115. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Scott P. Setlock, EVP, COO, & SECRETARY. LinkedIn: https://linkedin.com/in/scottsetlock. Source: Form 4 filed Feb 9, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000119312526043160/0001193125-26-043160-index.htm
- Brett Hoover, EVP & CHIEF HR OFFICER. Source: Form 4 filed Feb 9, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000119312526043166/0001193125-26-043166-index.htm
- Mark S. Augustyn, EVP&Chief Comm Banking Officer. LinkedIn: https://linkedin.com/in/markaugustyn. Source: Form 4 filed Feb 9, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000119312526043144/0001193125-26-043144-index.htm
- Tara M. Randall, EVP & Chief Experience Officer. Source: Form 4 filed Feb 9, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000119312526043157/0001193125-26-043157-index.htm
- Michael H. Price, Chairman of the Board. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Amy L. Sparks, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- David B. Ramaker, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Joseph D. Jones, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Michael S. Davenport, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Michelle L. Eldridge, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Nelson F. Sanchez, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Richard D. MacDonald, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Sara A. Schmidt, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Shoran R. Williams, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Steven J. Schweihofer, Director. Source: 10-K filed Feb 27, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- Brett E. Hoover, Executive Vice President, Chief Human Resource Officer of Mercantile and of Mercantile Bank. Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/1042729/000143774926010964/mbwm20260320_def14a.htm

## Recent 8-K events

- Oct 20, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926032974/mbwm20260827_8k.htm
- Sep 25, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926031227/mbwm20260921_8k.htm
- Jul 21, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926023919/mbwm20260604_8k.htm
- May 21, 2026: Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926018049/mbwm20260521_8k.htm
- Apr 21, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926012888/mbwm20260306_8k.htm
- Mar 19, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926009074/mbwm20260318_8k.htm
- Jan 20, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926001485/mbwm20251031_8k.htm
- Dec 31, 2025: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 3.03, Material modification to rights of security holders; Item 5.02, Departure or appointment of directors or officers; compensation; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774925039072/mbwm20251231_8k.htm
- Dec 19, 2025: Item 8.01, Other events. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774925038454/mbwm20251219_8k.htm
- Dec 17, 2025: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774925038066/mbwm20251216_8k.htm

## Insider trades (Form 4)

- Nov 13, 2025: Michael H. Price (Director) sold 4,577 shares, about $209,799. Source: https://www.sec.gov/Archives/edgar/data/1042729/000119312525284661/0001193125-25-284661-index.htm
- Oct 31, 2025: Nelson F. Sanchez (Director) bought 1,000 shares, about $43,500. Source: https://www.sec.gov/Archives/edgar/data/1042729/000119312525264856/0001193125-25-264856-index.htm
- Aug 18, 2025: David B. Ramaker (Director) bought 1,500 shares, about $70,065. Source: https://www.sec.gov/Archives/edgar/data/1042729/000095017025110211/0000950170-25-110211-index.htm
- Jul 29, 2025: Shoran R. Williams (Director) bought 200 shares, about $9,458. Source: https://www.sec.gov/Archives/edgar/data/1042729/000141588925020608/0001415889-25-020608-index.htm

## What management said

- "Our financial performance metrics remained strong during the third quarter of 2026" Ray Reitsma, President and Chief Executive Officer of Mercantile (8-K filed Oct 20, 2026). Source: https://www.sec.gov/Archives/edgar/data/1042729/000143774926032974/ex_1010164.htm

## Latest filings

- 8-K filed Oct 20, 2026: https://www.sec.gov/Archives/edgar/data/1042729/000143774926032974/mbwm20260827_8k.htm
- 10-K filed Feb 27, 2026: https://www.sec.gov/Archives/edgar/data/1042729/000143774926005997/mbwm20251231_10k.htm
- 10-Q filed Oct 30, 2026: https://www.sec.gov/Archives/edgar/data/1042729/000143774926034072/mbwm20260930_10q.htm
- DEF 14A filed Apr 2, 2026: https://www.sec.gov/Archives/edgar/data/1042729/000143774926010964/mbwm20260320_def14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/