Mercantile Bank Company Leadership
| MBWM Stock | USD 50.08 0.16 0.32% |
Mercantile Bank employs about 744 people. The company is managed by 15 executives with a total tenure of roughly 37 years, averaging almost 2.0 years of service per executive, having 49.6 employees per reported executive. A leadership review of Mercantile Bank matters because management quality often shapes how effectively strategy is translated into revenue growth, margins, and cash generation. Used properly, management analysis helps separate durable execution from results that may only reflect a supportive market cycle.
| Robert Kaminski CEO COO, Executive VP, Secretary, CEO of Mercantile Bank and President of Mercantile Bank of Michigan, COO Mercantile Bank of Michigan, Secretary of Mercantile Bank of West Michigan |
| Robert Worthington President COO, Senior Vice President General Counsel, Secretary |
Insider Sentiment
Impartial
Selling | Buying |
Latest Trades
| 2025-10-31 | Nelson F Sanchez | Acquired 1000 @ 43.5 | View | ||
| 2025-07-29 | Shoran R Williams | Acquired 200 @ 47.28 | View | ||
| 2025-05-02 | Robert B Kaminski | Disposed 250 @ 42.85 | View | ||
| 2025-04-02 | Robert B Kaminski | Disposed 250 @ 43.14 | View |
Tracking insider sentiment in Mercantile Bank can help investors see whether internal behavior is reinforcing or weakening the broader investment thesis. This data should be handled carefully because insiders are required to disclose trades publicly and the motives behind a trade are not always purely directional.
Mercantile | Build portfolio with Mercantile Stock |
Mercantile Bank's Workforce Through the Years
Historical employee data for Mercantile Bank can give investors another way to assess whether the business is scaling, restructuring, or stabilizing across different operating conditions. Current projections suggest a workforce around about 740 employees by April 2026, which should be reviewed alongside revenue and margin trends.Macro event markers
Management Team Effectiveness
The company has return on total asset (ROA) of 1.38 % which means that it is effectively converting assets into $1.38 of return per $100. This is subpar relative to sector peers. Similarly, it shows a return on stockholder's equity (ROE) of 13.56 %, which means that for every $100 of stockholder equity, it generated $13.56 in profit.As of the most recent trading session, Net Income Applicable To Common Shares is projected to grow to approximately 73.7 M, whereas Common Stock Shares Outstanding is moving lower toward about 12.2 M.
Stock Institutional Investors
About 63.42% of Mercantile Bank is held by institutions, with insiders at 3.15%. Current market capitalization is about 862.27 Million. This split helps separate index-driven activity from active bets. Shares outstanding are near 17.3 M. The small insider stake means governance incentives come more from pay packages than direct ownership.
| Shares | Tributary Capital Management, Llc | 2025-09-30 | 248.7 K | Hotchkis & Wiley Capital Management Llc | 2025-12-31 | 202.6 K | Northern Trust Corp | 2025-09-30 | 174 K | Morgan Stanley - Brokerage Accounts | 2025-09-30 | 168 K | Aqr Capital Management Llc | 2025-12-31 | 159.6 K | Charles Schwab Investment Management Inc | 2025-12-31 | 133.3 K | Banc Funds Co Llc | 2025-12-31 | 130.8 K | Proshare Advisors Llc | 2025-12-31 | 130.1 K | Two Sigma Investments Llc | 2025-12-31 | 120.2 K | Blackrock Inc | 2025-09-30 | 1.4 M | Vanguard Group Inc | 2025-12-31 | 1.1 M |
Insider Trading Activities
Insider activity around Mercantile Bank deserves attention because officers, directors, and large shareholders usually see shifts in operating momentum before the market fully prices them. In practice, the pattern is most useful when it is compared with earnings releases, guidance changes, and balance-sheet developments rather than treated as a standalone catalyst.
Outstanding Bonds
Mercantile Bank may use bonds as part of its capital structure to fund operations, refinance liabilities, or support acquisitions and other long-duration investments. This is why bond analysis is not just a credit exercise; it also informs equity holders about solvency, optionality, and future capital-allocation pressure.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| US58733RAF91 Corp BondUS58733RAF91 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Corporate Filings
10K | 27th of February 2026 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
F4 | 18th of February 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 9th of February 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 21st of January 2026 An amended filing to the original Schedule 13G | ViewVerify |
8K | 20th of January 2026 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 7th of January 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 5th of January 2026 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 31st of December 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Shares in Circulation | First Issued 1998-03-31 | Previous Quarter 16.2 M | Current Value 16.3 M | Average Shares Outstanding 11 M | Quarterly Volatility 4.8 M |
Macro event markers
Holders Distribution
For Mercantile Bank, institutional participation can be supportive or destabilizing depending on whether large holders are building conviction or reducing exposure. The better interpretation comes from watching concentration, turnover, and changes in holder behavior instead of assuming institutional ownership is automatically bullish.
Market Cap and Value
Workforce Comparison
Mercantile Bank lands at #4 in number of employees compared to key competitors. The total workforce of Financials industry is now estimated at about 6,297. Mercantile Bank retains roughly 744 in number of employees claiming about 12% of equities under Financials sector.
Profit Margins
The company has Profit Margin (PM) of 37.0 %, which implies that the company has a well-managed cost structure. This is above the typical range for the industry. Similarly, it shows Operating Margin (OM) of 48.0 %, which implies that for every 100 dollars of sales, the company earns a net operating income of $48.0.| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.48 | 0.6403 |
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Insider Trading History
The insider-trading timeline for Mercantile Bank gives investors a long-run view of how management behavior has tracked against the stock's price action. Current market capitalization is about 862.27 Million. Larger blocks and clustered timing patterns tend to carry more analytical weight than isolated transactions.
| Buy/Sell Ratio | # Purchases Trades | # Sales Trades | Total Shares Purchased | Total Shares Sold | |
|---|---|---|---|---|---|
| 2026-03-01 | 7.5 | 15 | 2 | 32,316 | 7,061 |
| 2025-12-01 | 0.2857 | 2 | 7 | 6,282 | 11,697 |
| 2025-06-01 | 5.0 | 10 | 2 | 9,210 | 500.00 |
| 2025-03-01 | 2.0769 | 27 | 13 | 27,614 | 30,525 |
| 2024-06-01 | 11.0 | 11 | 1 | 8,449 | 774.00 |
| 2024-03-01 | 0.4 | 2 | 5 | 169.00 | 16,289 |
| 2023-12-01 | 6.0 | 6 | 1 | 25,463 | 0.00 |
| 2023-03-01 | 0.1667 | 1 | 6 | 1,500 | 12,897 |
| 2022-03-01 | 0.3333 | 5 | 15 | 7,187 | 26,043 |
| 2021-12-01 | 19.0 | 19 | 1 | 80,045 | 2,500 |
| 2021-09-01 | 1.0 | 2 | 2 | 2,000 | 2,000 |
| 2020-12-01 | 0.5556 | 5 | 9 | 31,295 | 34,391 |
| 2020-09-01 | 2.0 | 2 | 1 | 1,391 | 0.00 |
| 2020-06-01 | 7.0 | 7 | 1 | 8,851 | 8,000 |
| 2019-12-01 | 1.1667 | 7 | 6 | 27,596 | 13,339 |
| 2018-12-01 | 1.1429 | 8 | 7 | 30,008 | 5,531 |
| 2018-06-01 | 3.5 | 7 | 2 | 6,278 | 3,000 |
| 2018-03-01 | 0.1667 | 1 | 6 | 7,000 | 13,930 |
| 2017-12-01 | 1.0 | 6 | 6 | 20,333 | 23,332 |
| 2017-06-01 | 1.2 | 6 | 5 | 5,250 | 16,648 |
| 2017-03-01 | 0.6667 | 2 | 3 | 7,062 | 14,000 |
| 2016-12-01 | 1.8333 | 11 | 6 | 37,750 | 31,551 |
| 2016-09-01 | 0.1667 | 1 | 6 | 1,575 | 33,032 |
| 2016-06-01 | 5.0 | 5 | 1 | 4,500 | 0.00 |
| 2016-03-01 | 0.6667 | 2 | 3 | 2,515 | 12,559 |
| 2015-12-01 | 1.5714 | 11 | 7 | 17,034 | 15,062 |
| 2015-06-01 | 6.0 | 6 | 1 | 5,250 | 2,247 |
| 2013-12-01 | 0.5556 | 5 | 9 | 31,735 | 43,810 |
| 2012-09-01 | 0.5556 | 5 | 9 | 19,084 | 23,191 |
| 2012-06-01 | 4.0 | 4 | 1 | 1,955 | 0.16 |
| 2011-12-01 | 0.6667 | 2 | 3 | 2,060 | 0.00 |
| 2011-06-01 | 0.25 | 3 | 12 | 43,850 | 91,294 |
| 2010-12-01 | 2.0 | 4 | 2 | 8,000 | 0.00 |
| 2009-06-01 | 9.0 | 9 | 1 | 18,609 | 21.00 |
| 2007-12-01 | 19.0 | 19 | 1 | 34,568 | 1,000.00 |
| 2007-09-01 | 1.1429 | 16 | 14 | 22,242 | 6,574 |
| 2007-03-01 | 1.1667 | 14 | 12 | 39,478 | 42,097 |
| 2006-12-01 | 1.5556 | 14 | 9 | 22,197 | 3,678 |
| 2006-09-01 | 1.0 | 1 | 1 | 69.00 | 6,042 |
| 2006-06-01 | 0.5 | 9 | 18 | 36,943 | 53,415 |
| 2005-12-01 | 12.0 | 12 | 1 | 18,835 | 2,700 |
| 2005-09-01 | 1.0 | 1 | 1 | 40.00 | 0.00 |
| 2005-06-01 | 1.2 | 6 | 5 | 10,850 | 9,791 |
| 2005-03-01 | 3.25 | 13 | 4 | 24,292 | 19,032 |
| 2004-12-01 | 3.0 | 24 | 8 | 35,550 | 23,953 |
| 2004-06-01 | 5.0 | 5 | 1 | 28,100 | 0.00 |
| 2004-03-01 | 0.75 | 3 | 4 | 11,200 | 13,671 |
| 2003-12-01 | 7.75 | 31 | 4 | 50,696 | 1,350 |
| 2003-09-01 | 3.0 | 9 | 3 | 38,683 | 7,413 |
Notable Stakeholders
Reviewing the stakeholders around Mercantile Bank can help investors understand which people or institutions may influence direction, governance, and strategic pressure. Used properly, stakeholder review helps investors stay aware of the people and incentives that may be shaping key decisions behind the scenes.
| Robert Kaminski | COO, Executive VP, Secretary, CEO of Mercantile Bank and President of Mercantile Bank of Michigan, COO Mercantile Bank of Michigan, Secretary of Mercantile Bank of West Michigan | Profile | |
| Robert Worthington | COO, Senior Vice President General Counsel, Secretary | Profile | |
| Raymond Reitsma | President of the Bank | Profile | |
| Charles Christmas | CFO, Executive VP, Treasurer, CFO of Mercantile Bank of Michigan and Executive VP of Mercantile Bank of Michigan | Profile | |
| Scott Setlock | COO VP | Profile | |
| John Schulte | Senior Bank | Profile | |
| Justin Karl | Executive Bank | Profile | |
| Tara Randall | Executive Officer | Profile | |
| David Miller | Senior Bank | Profile | |
| Douglas Ouellette | Senior Bank | Profile | |
| Jeff Kaiser | Senior Department | Profile | |
| Mark Augustyn | Senior Michigan | Profile | |
| Douglas Holtrop | Executive Bank | Profile | |
| Brett Hoover | Executive Officer | Profile | |
| Sonali Allen | Senior Bank | Profile |
Management Information & Data Sources
Mercantile Bank is a small-cap company in Regional Banks, Banks - Regional, Financial Services. Executive review focuses on insiders, senior management, and employee signals. Leadership review can help separate temporary operating noise from execution issues. CEO is Robert Kaminski with 744 employees and 15 reported executives.
This section for Mercantile Bank is built from periodic company reporting and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules. Insider and management fields are mapped from published filings and company disclosures.
This content is curated and reviewed by:
Vlad Skutelnik - Macroaxis ContributorWorkforce Efficiency and Productivity
Investors reviewing Mercantile Bank can use workforce efficiency as another lens on execution, especially when comparing similar businesses in the same industry. The stronger interpretation compares these measures with sector norms because labor intensity varies meaningfully across industries.
Mercantile Bank Manpower Efficiency
Return on Mercantile Bank Manpower
| Revenue Per Employee | 499.7K | |
| Revenue Per Executive | 24.8M | |
| Net Income Per Employee | 119.3K | |
| Net Income Per Executive | 5.9M |
More Resources for Mercantile Stock Analysis
Reviewing Mercantile Bank commonly begins with financial statements and performance trends. Financial ratios provide a structured lens for assessing Mercantile Bank's profitability and growth trends. Below are reports that help frame Mercantile Bank Stock in context:Mercantile Bank has a market cap of 862.27 M, operating margin of 48.09%, ROE of 13.56%. See Correlation Analysis for portfolio-level analysis. This includes a position in Mercantile Bank within the allocation view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private. Our How to Invest in Mercantile Bank guide offers a complete walkthrough for buying and trading Mercantile Stock.With Mercantile Bank showing P/E 11.94 and ROE 13.56%, investors get more value when this analysis is combined with the diversification and construction tools below. Combining those profitability and valuation signals with the risk, diversification, and comparative tools below produces a more informed Financial Services position-sizing decision. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Quarterly Earnings Growth 0.161 | Dividend Share 1.5 | Earnings Share 5.47 | Revenue Per Share | Quarterly Revenue Growth 0.097 |
Investors evaluate Mercantile Bank using market value and book value, each describing different facets of the business. Mercantile Bank's market capitalization is 862.27 M. A P/B ratio of 1.19 indicates the market values Mercantile Bank above its accounting book value. Enterprise value stands at 1.12 B. Intrinsic value represents an estimate of underlying worth and can differ from both market price and book value. Valuation methods compare these perspectives to frame context.
Note that Mercantile Bank's intrinsic value and market price are different measures derived from different inputs. For Mercantile Bank, key inputs include a P/E ratio of 11.94, a P/B ratio of 1.19, a profit margin of 37.22%, and ROE of 13.56%. Mercantile Bank market price reflects the current exchange level formed by active bids and offers.