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

2025-10-31Nelson F SanchezAcquired 1000 @ 43.5View
2025-07-29Shoran R WilliamsAcquired 200 @ 47.28View
2025-05-02Robert B KaminskiDisposed 250 @ 42.85View
2025-04-02Robert B KaminskiDisposed 250 @ 43.14View
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 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
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes

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, Llc2025-09-30
248.7 K
Hotchkis & Wiley Capital Management Llc2025-12-31
202.6 K
Northern Trust Corp2025-09-30
174 K
Morgan Stanley - Brokerage Accounts2025-09-30
168 K
Aqr Capital Management Llc2025-12-31
159.6 K
Charles Schwab Investment Management Inc2025-12-31
133.3 K
Banc Funds Co Llc2025-12-31
130.8 K
Proshare Advisors Llc2025-12-31
130.1 K
Two Sigma Investments Llc2025-12-31
120.2 K
Blackrock Inc2025-09-30
1.4 M
Vanguard Group Inc2025-12-31
1.1 M
At 862.27 Million market cap, Mercantile Bank smaller-cap scale means institutional moves shape liquidity but do not guarantee above-market returns. Whether Mercantile Bank institutional base is index-driven or conviction-based changes how to read it - at this size active managers often hold meaningful weight.

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.

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
Over half of Mercantile Bank's outstanding shares are owned by institutional investors. Institutional holders such as large asset managers and pension funds typically maintain these positions as part of broader diversified mandates rather than concentrated bets on any single company. Their buying and selling activity, disclosed through 13F filings, can be a useful signal for tracking changes in professional sentiment toward Mercantile Bank. Institutional ownership in Mercantile Bank stands at roughly 63%, compared to 3% insider ownership and a public float of approximately 33%.
 
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
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes

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 ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.480.6403
Way Down
Very volatile

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 TradesTotal Shares PurchasedTotal 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 KaminskiCOO, 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 MichiganProfile
Robert WorthingtonCOO, Senior Vice President General Counsel, SecretaryProfile
Raymond ReitsmaPresident of the BankProfile
Charles ChristmasCFO, Executive VP, Treasurer, CFO of Mercantile Bank of Michigan and Executive VP of Mercantile Bank of MichiganProfile
Scott SetlockCOO VPProfile
John SchulteSenior BankProfile
Justin KarlExecutive BankProfile
Tara RandallExecutive OfficerProfile
David MillerSenior BankProfile
Douglas OuelletteSenior BankProfile
Jeff KaiserSenior DepartmentProfile
Mark AugustynSenior MichiganProfile
Douglas HoltropExecutive BankProfile
Brett HooverExecutive OfficerProfile
Sonali AllenSenior BankProfile

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 Contributor
Last reviewed on February 25th, 2026

Workforce 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 Employee499.7K
Revenue Per Executive24.8M
Net Income Per Employee119.3K
Net Income Per Executive5.9M

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
14.685
 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.