Mercantile Bank Corp (MBWM) 26.91 $MBWM Mercant
Post# of 273257
Posted On: 09/04/2016 9:11:15 AM
Mercantile Bank Corp (MBWM) 26.91 $MBWM
Mercantile Bank posts 1Q profit
Automated Insights - Tue Apr 19, 5:08AM CDT
GRAND RAPIDS, Mich. (AP) _ Mercantile Bank Corp. (MBWM) on Tuesday reported first-quarter earnings of $8.5 million.
MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Reports Strong First Quarter 2016 Results
PR Newswire - Tue Apr 19, 5:01AM CDT
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"
reported net income of $8.5 million, or $0.52 per diluted share, for the first quarter of 2016, compared with net income of $6.6 million, or $0.39 per diluted share, for the respective prior-year period. The repurchase of $11.0 million in trust preferred securities at a 27 percent discount during the first quarter of 2016 increased reported net income by approximately $1.8 million, or $0.11 per diluted share. Reflecting continuing loan growth, provision expense totaled $0.6 million during the first quarter of 2016, compared to a negative provision expense of $0.4 million recorded during the first quarter of 2015.
MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Announces Second Quarter Cash Dividend And Expansion of Stock Repurchase Program
PR Newswire - Tue Apr 19, 5:00AM CDT
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" announced today that on April 14, 2016, its Board of Directors declared a regular quarterly cash dividend of $0.16 per common share, payable June 23, 2016 to holders of record as of June 10, 2016.
MBWM: 26.91 (-0.01)
Interactive Brokers' (IBKR) March Metrics Improve 3% Y/Y
Zacks Equity Research - Zacks Investment Research - Mon Apr 04, 11:50AM CDT
Interactive Brokers Group, Inc.'s (IBKR) Electronic Brokerage segment reported year-over-year improvement in its brokerage metrics for Mar 2016.
IBKR: 35.33 (+0.19), PEBO: 23.73 (-0.01), PJC: 45.06 (+0.12), MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Announces First Quarter 2016 Results Conference Call and Webcast
PR Newswire - Fri Apr 01, 1:15PM CDT
Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss first quarter 2016 results on Tuesday, April 19, at 10:00 a.m. Eastern Time.
MBWM: 26.91 (-0.01)
Wintrust Completes Generations Buy, Expands in Wisconsin
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 12:25PM CDT
Expanding its footprint in Wisconsin further, U.S. banking and financial services provider Wintrust Financial Corporation (WTFC) recently completed the acquisition of Wisconsin-based Generations Bancorp, Inc. for a purchase price of about $25.1 million.
EFSC: 31.23 (+0.17), MBWM: 26.91 (-0.01), WTFC: 55.48 (+0.46), MSFG: 24.20 (unch)
Citi Transfers Coinsurance Deal, Assets Reduced by $2.5B
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 8:00AM CDT
On Thursday, Citigroup Inc. (C) announced that its subsidiary - Prime Reinsurance Company, Inc. ("Prime Re" has been replaced as Primerica Life Insurance Company's reinsurer by a subsidiary of Swiss Re Life & Health America Inc. ("Swiss Re" per a coinsurance agreement.
EFSC: 31.23 (+0.17), C: 47.51 (+0.15), MBWM: 26.91 (-0.01), MSFG: 24.20 (unch)
The Zacks Analyst Blog Highlights: First Interstate Bancsystem, Chemical Financial, Independent Bank, Mercantile Bank and MainSource Financial Group
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 8:30AM CDT
The Zacks Analyst Blog Highlights: First Interstate Bancsystem, Chemical Financial, Independent Bank, Mercantile Bank and MainSource Financial Group
FIBK: 31.00 (+0.30), IBCP: 16.48 (+0.18), MBWM: 26.91 (-0.01), MSFG: 24.20 (unch), CHFC: 44.36 (-0.65)
5 Midwest Banks Poised to Outperform
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 1:04PM CDT
Before you decide to totally avoid banking stocks, we would like to inform you that there are many smaller regional Midwest banks that are set to outperform.
FIBK: 31.00 (+0.30), IBCP: 16.48 (+0.18), MBWM: 26.91 (-0.01), MSFG: 24.20 (unch), CHFC: 44.36 (-0.65)
Mercantile Repurchases $11.0 million in Trust Preferred Securities
PR Newswire - Tue Jan 26, 3:15PM CST
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" announced today that it closed on a repurchase of trust preferred securities that were being auctioned as part of a liquidation of a pooled collateralized debt obligation ("Fund". The Fund owned $11.0 million of the $32.0 million in trust preferred securities that had been issued by Mercantile Bank Capital Trust I, a wholly-owned business trust subsidiary of Mercantile. The $11.0 million in trust preferred securities has been retired, resulting in a commensurate reduction in the related Floating Rate Junior Subordinate Note, leaving $21.0 million outstanding with a rate of 90-Day Libor plus 218 basis points, currently 2.80%.
MBWM: 26.91 (-0.01)
Mercantile Bank increases dividend
M2 - Fri Jan 22, 5:39AM CST
Board of directors of Mercantile Bank Corporation (NASDAQ: MBWM) has declared a regular quarterly cash dividend of USD0.16 per common share, representing an increase of approximately seven percent from the USD0.15 cash dividend paid during the fourth quarter of 2015, the company said. The dividend is payable March 23, 2016 to holders of record as of March 11, 2016. Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. Mercantile provides banking services to businesses, individuals and governmental units, and differentiates itself on the basis of service quality and the expertise of its banking staff. Mercantile has assets of approximately USD2.9 billion and operates 53 banking offices serving communities in central and western Michigan.
MBWM: 26.91 (-0.01)
Mercantile Bank reports Q4 2015 net income of USD6m
M2 - Fri Jan 22, 5:39AM CST
Mercantile Bank Corporation (NASDAQ: MBWM) has reported net income of USD6.5 million, or USD0.40 per diluted share, for the fourth quarter of 2015, compared with net income of USD6.3 million, or USD0.37 per diluted share, for the prior-year period, the company said. For the full year 2015, Mercantile has reported net income of USD27.0 million, or USD1.62 per diluted share, compared with net income of USD17.3 million, or USD1.28 per diluted share, for the full year 2014. Results in 2014 reflect the integration of Mercantile and Firstbank Corporation, which merged on June 1, 2014, including consolidated operating results for the combined businesses from the date of merger. Results for the fourth quarter of 2014 include USD0.4 million in pre-tax merger-related costs. On an after-tax basis, these costs were USD0.2 million, or USD0.01 per diluted share. Results for the full year 2014 include USD5.4 million in pre-tax merger-related costs. On an after-tax basis, these costs were USD3.8 million, or USD0.28 per diluted share. Fourth quarter 2015 and year were highlighted by: o Strong core earnings and capital position o Stable and robust net interest margin o Strong fee income growth o Fourth quarter earnings results include the impact of a USD0.8 million pre-tax charge relating to an efficiency program that is expected to save USD2.7 million pre-tax beginning in 2016 o Strong asset quality, as depicted by low levels of nonperforming assets and loans in the 30- to 89-days delinquent category o New commercial term loan originations of approximately USD167 million during the fourth quarter and USD532 million during the full year o Commercial loan pipeline remains solid o Repurchased approximately 789,000 shares for USD15.8 million during 2015, representing nearly 5 percent of total shares outstanding at year-end 2014 Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. Mercantile provides banking services to businesses, individuals and governmental units, and differentiates itself on the basis of service quality and the expertise of its banking staff. Mercantile has assets of approximately USD2.9 billion and operates 53 banking offices serving communities in central and western Michigan.
MBWM: 26.91 (-0.01)
Mercantile Bank declares 7% higher dividend of USD0.16 per share for quarter
M2 - Wed Jan 20, 4:26AM CST
The board of directors of Mercantile Bank Corporation (NASDAQ:MBWM) approved a regular quarterly cash dividend of USD0.16 per share on the company's common stock, it declared on Tuesday.
MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Reports Strong Fourth Quarter and Full Year 2015 Results
PR Newswire - Tue Jan 19, 5:00AM CST
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" reported net income of $6.5 million, or $0.40 per diluted share, for the fourth quarter of 2015, compared with net income of $6.3 million, or $0.37 per diluted share, for the prior-year period. For the full year 2015, Mercantile reported net income of $27.0 million, or $1.62 per diluted share, compared with net income of $17.3 million, or $1.28 per diluted share, for the full year 2014.
MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Increases Dividend
PR Newswire - Tue Jan 19, 4:59AM CST
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" announced today that on January 14, 2016 its Board of Directors declared a regular quarterly cash dividend of $0.16 per common share, payable March 23, 2016 to holders of record as of March 11, 2016. The $0.16 cash dividend represents an increase of approximately 7 percent from the $0.15 cash dividend paid during the fourth quarter of 2015.
MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2015 Results Conference Call and Webcast
PR Newswire - Tue Jan 05, 7:30AM CST
Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss fourth quarter and full year 2015 results on Tuesday, January 19, at 10:00 a.m. Eastern Time.
MBWM: 26.91 (-0.01)
13.3% Return Seen to Date on SmarTrend Mercantile Bank Call (MBWM)
Comtex SmarTrend(R) - Wed Dec 09, 7:33PM CST
SmarTrend identified an Uptrend for Mercantile Bank (NASDAQ:MBWM) on October 26th, 2015 at $21.78. In approximately 1 month, Mercantile Bank has returned 13.27% as of today's recent price of $24.67.
MBWM: 26.91 (-0.01)
Uptrend Call Working As Mercantile Bank Stock Rises 19.1% (MBWM)
Comtex SmarTrend(R) - Wed Dec 02, 5:05PM CST
SmarTrend identified an Uptrend for Mercantile Bank (NASDAQ:MBWM) on October 26th, 2015 at $21.78. In approximately 1 month, Mercantile Bank has returned 19.15% as of today's recent price of $25.95.
MBWM: 26.91 (-0.01)
Mercantile Bank Has Returned 16.5% Since SmarTrend Recommendation (MBWM)
Comtex SmarTrend(R) - Wed Nov 25, 10:41AM CST
SmarTrend identified an Uptrend for Mercantile Bank (NASDAQ:MBWM) on October 26th, 2015 at $21.78. In approximately 1 month, Mercantile Bank has returned 16.48% as of today's recent price of $25.37.
MBWM: 26.91 (-0.01)
Mercantile Bank posts 1Q profit
Automated Insights - Tue Apr 19, 5:08AM CDT
GRAND RAPIDS, Mich. (AP) _ Mercantile Bank Corp. (MBWM) on Tuesday reported first-quarter earnings of $8.5 million.
MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Reports Strong First Quarter 2016 Results
PR Newswire - Tue Apr 19, 5:01AM CDT
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"
reported net income of $8.5 million, or $0.52 per diluted share, for the first quarter of 2016, compared with net income of $6.6 million, or $0.39 per diluted share, for the respective prior-year period. The repurchase of $11.0 million in trust preferred securities at a 27 percent discount during the first quarter of 2016 increased reported net income by approximately $1.8 million, or $0.11 per diluted share. Reflecting continuing loan growth, provision expense totaled $0.6 million during the first quarter of 2016, compared to a negative provision expense of $0.4 million recorded during the first quarter of 2015. MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Announces Second Quarter Cash Dividend And Expansion of Stock Repurchase Program
PR Newswire - Tue Apr 19, 5:00AM CDT
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"
announced today that on April 14, 2016, its Board of Directors declared a regular quarterly cash dividend of $0.16 per common share, payable June 23, 2016 to holders of record as of June 10, 2016. MBWM: 26.91 (-0.01)
Interactive Brokers' (IBKR) March Metrics Improve 3% Y/Y
Zacks Equity Research - Zacks Investment Research - Mon Apr 04, 11:50AM CDT
Interactive Brokers Group, Inc.'s (IBKR) Electronic Brokerage segment reported year-over-year improvement in its brokerage metrics for Mar 2016.
IBKR: 35.33 (+0.19), PEBO: 23.73 (-0.01), PJC: 45.06 (+0.12), MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Announces First Quarter 2016 Results Conference Call and Webcast
PR Newswire - Fri Apr 01, 1:15PM CDT
Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss first quarter 2016 results on Tuesday, April 19, at 10:00 a.m. Eastern Time.
MBWM: 26.91 (-0.01)
Wintrust Completes Generations Buy, Expands in Wisconsin
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 12:25PM CDT
Expanding its footprint in Wisconsin further, U.S. banking and financial services provider Wintrust Financial Corporation (WTFC) recently completed the acquisition of Wisconsin-based Generations Bancorp, Inc. for a purchase price of about $25.1 million.
EFSC: 31.23 (+0.17), MBWM: 26.91 (-0.01), WTFC: 55.48 (+0.46), MSFG: 24.20 (unch)
Citi Transfers Coinsurance Deal, Assets Reduced by $2.5B
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 8:00AM CDT
On Thursday, Citigroup Inc. (C) announced that its subsidiary - Prime Reinsurance Company, Inc. ("Prime Re"
has been replaced as Primerica Life Insurance Company's reinsurer by a subsidiary of Swiss Re Life & Health America Inc. ("Swiss Re" per a coinsurance agreement. EFSC: 31.23 (+0.17), C: 47.51 (+0.15), MBWM: 26.91 (-0.01), MSFG: 24.20 (unch)
The Zacks Analyst Blog Highlights: First Interstate Bancsystem, Chemical Financial, Independent Bank, Mercantile Bank and MainSource Financial Group
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 8:30AM CDT
The Zacks Analyst Blog Highlights: First Interstate Bancsystem, Chemical Financial, Independent Bank, Mercantile Bank and MainSource Financial Group
FIBK: 31.00 (+0.30), IBCP: 16.48 (+0.18), MBWM: 26.91 (-0.01), MSFG: 24.20 (unch), CHFC: 44.36 (-0.65)
5 Midwest Banks Poised to Outperform
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 1:04PM CDT
Before you decide to totally avoid banking stocks, we would like to inform you that there are many smaller regional Midwest banks that are set to outperform.
FIBK: 31.00 (+0.30), IBCP: 16.48 (+0.18), MBWM: 26.91 (-0.01), MSFG: 24.20 (unch), CHFC: 44.36 (-0.65)
Mercantile Repurchases $11.0 million in Trust Preferred Securities
PR Newswire - Tue Jan 26, 3:15PM CST
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"
announced today that it closed on a repurchase of trust preferred securities that were being auctioned as part of a liquidation of a pooled collateralized debt obligation ("Fund". The Fund owned $11.0 million of the $32.0 million in trust preferred securities that had been issued by Mercantile Bank Capital Trust I, a wholly-owned business trust subsidiary of Mercantile. The $11.0 million in trust preferred securities has been retired, resulting in a commensurate reduction in the related Floating Rate Junior Subordinate Note, leaving $21.0 million outstanding with a rate of 90-Day Libor plus 218 basis points, currently 2.80%. MBWM: 26.91 (-0.01)
Mercantile Bank increases dividend
M2 - Fri Jan 22, 5:39AM CST
Board of directors of Mercantile Bank Corporation (NASDAQ: MBWM) has declared a regular quarterly cash dividend of USD0.16 per common share, representing an increase of approximately seven percent from the USD0.15 cash dividend paid during the fourth quarter of 2015, the company said. The dividend is payable March 23, 2016 to holders of record as of March 11, 2016. Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. Mercantile provides banking services to businesses, individuals and governmental units, and differentiates itself on the basis of service quality and the expertise of its banking staff. Mercantile has assets of approximately USD2.9 billion and operates 53 banking offices serving communities in central and western Michigan.
MBWM: 26.91 (-0.01)
Mercantile Bank reports Q4 2015 net income of USD6m
M2 - Fri Jan 22, 5:39AM CST
Mercantile Bank Corporation (NASDAQ: MBWM) has reported net income of USD6.5 million, or USD0.40 per diluted share, for the fourth quarter of 2015, compared with net income of USD6.3 million, or USD0.37 per diluted share, for the prior-year period, the company said. For the full year 2015, Mercantile has reported net income of USD27.0 million, or USD1.62 per diluted share, compared with net income of USD17.3 million, or USD1.28 per diluted share, for the full year 2014. Results in 2014 reflect the integration of Mercantile and Firstbank Corporation, which merged on June 1, 2014, including consolidated operating results for the combined businesses from the date of merger. Results for the fourth quarter of 2014 include USD0.4 million in pre-tax merger-related costs. On an after-tax basis, these costs were USD0.2 million, or USD0.01 per diluted share. Results for the full year 2014 include USD5.4 million in pre-tax merger-related costs. On an after-tax basis, these costs were USD3.8 million, or USD0.28 per diluted share. Fourth quarter 2015 and year were highlighted by: o Strong core earnings and capital position o Stable and robust net interest margin o Strong fee income growth o Fourth quarter earnings results include the impact of a USD0.8 million pre-tax charge relating to an efficiency program that is expected to save USD2.7 million pre-tax beginning in 2016 o Strong asset quality, as depicted by low levels of nonperforming assets and loans in the 30- to 89-days delinquent category o New commercial term loan originations of approximately USD167 million during the fourth quarter and USD532 million during the full year o Commercial loan pipeline remains solid o Repurchased approximately 789,000 shares for USD15.8 million during 2015, representing nearly 5 percent of total shares outstanding at year-end 2014 Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. Mercantile provides banking services to businesses, individuals and governmental units, and differentiates itself on the basis of service quality and the expertise of its banking staff. Mercantile has assets of approximately USD2.9 billion and operates 53 banking offices serving communities in central and western Michigan.
MBWM: 26.91 (-0.01)
Mercantile Bank declares 7% higher dividend of USD0.16 per share for quarter
M2 - Wed Jan 20, 4:26AM CST
The board of directors of Mercantile Bank Corporation (NASDAQ:MBWM) approved a regular quarterly cash dividend of USD0.16 per share on the company's common stock, it declared on Tuesday.
MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Reports Strong Fourth Quarter and Full Year 2015 Results
PR Newswire - Tue Jan 19, 5:00AM CST
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"
reported net income of $6.5 million, or $0.40 per diluted share, for the fourth quarter of 2015, compared with net income of $6.3 million, or $0.37 per diluted share, for the prior-year period. For the full year 2015, Mercantile reported net income of $27.0 million, or $1.62 per diluted share, compared with net income of $17.3 million, or $1.28 per diluted share, for the full year 2014. MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Increases Dividend
PR Newswire - Tue Jan 19, 4:59AM CST
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"
announced today that on January 14, 2016 its Board of Directors declared a regular quarterly cash dividend of $0.16 per common share, payable March 23, 2016 to holders of record as of March 11, 2016. The $0.16 cash dividend represents an increase of approximately 7 percent from the $0.15 cash dividend paid during the fourth quarter of 2015. MBWM: 26.91 (-0.01)
Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2015 Results Conference Call and Webcast
PR Newswire - Tue Jan 05, 7:30AM CST
Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss fourth quarter and full year 2015 results on Tuesday, January 19, at 10:00 a.m. Eastern Time.
MBWM: 26.91 (-0.01)
13.3% Return Seen to Date on SmarTrend Mercantile Bank Call (MBWM)
Comtex SmarTrend(R) - Wed Dec 09, 7:33PM CST
SmarTrend identified an Uptrend for Mercantile Bank (NASDAQ:MBWM) on October 26th, 2015 at $21.78. In approximately 1 month, Mercantile Bank has returned 13.27% as of today's recent price of $24.67.
MBWM: 26.91 (-0.01)
Uptrend Call Working As Mercantile Bank Stock Rises 19.1% (MBWM)
Comtex SmarTrend(R) - Wed Dec 02, 5:05PM CST
SmarTrend identified an Uptrend for Mercantile Bank (NASDAQ:MBWM) on October 26th, 2015 at $21.78. In approximately 1 month, Mercantile Bank has returned 19.15% as of today's recent price of $25.95.
MBWM: 26.91 (-0.01)
Mercantile Bank Has Returned 16.5% Since SmarTrend Recommendation (MBWM)
Comtex SmarTrend(R) - Wed Nov 25, 10:41AM CST
SmarTrend identified an Uptrend for Mercantile Bank (NASDAQ:MBWM) on October 26th, 2015 at $21.78. In approximately 1 month, Mercantile Bank has returned 16.48% as of today's recent price of $25.37.
MBWM: 26.91 (-0.01)
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