Latest news with #MercantileBank
Yahoo
a day ago
- Business
- Yahoo
Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.38 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.1 percent GRAND RAPIDS, Mich., July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.38 per common share, payable on September 17, 2025, to holders of record as of September 5, 2025. The $0.38 cash dividend represents increases of nearly 3 percent and 6 percent from the cash dividends paid during the second quarter of 2025 and third quarter of 2024, respectively. "As evidenced by our Board of Directors' declaration of an increased third quarter regular cash dividend, we remain dedicated to enhancing shareholder value through meaningful cash returns," said Ray Reitsma, President and Chief Executive Officer of Mercantile. "We are very pleased that our financial metrics remained strong during the second quarter of 2025, which coupled with the expected attainment of solid operating results in upcoming periods, should empower us to effectively address any challenges arising from the protracted period of uncertain macro-economic conditions and continue our regular cash dividend program while maintaining satisfactory capital levels to meet asset expansion objectives." About Mercantile Bank Corporation Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank. Mercantile provides financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Distinguished by exceptional service, knowledgeable staff, and a commitment to the communities it serves, Mercantile is one of the largest Michigan-based banks with assets of approximately $6.2 billion. Mercantile Bank Corporation's common stock is listed on the NASDAQ Global Select Market under the symbol "MBWM." For more information about Mercantile, visit and follow us on Facebook, Instagram, X (formerly Twitter) @MercBank, and LinkedIn @merc-bank. Forward-Looking Statements This news release contains statements or information that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods. Any such statements are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; increasing rates of inflation and slower growth rates or recession; significant declines in the value of commercial real estate; market volatility; demand for products and services; climate impacts; labor markets; the degree of competition by traditional and nontraditional financial services companies; changes in banking regulation or actions by bank regulators; changes in tax laws and other laws and regulations applicable to us; changes in prices, levies, and assessments; the impact of technological advances; potential cyber-attacks, information security breaches and other criminal activities; litigation liabilities; governmental and regulatory policy changes; the outcomes of existing or future contingencies; trends in customer behavior as well as their ability to repay loans; changes in local real estate values; damage to our reputation resulting from adverse publicity, regulatory actions, litigation, operational failures, and the failure to meet client expectations and other facts; changes in the national and local economies; unstable political and economic environments; disease outbreaks, such as the COVID-19 pandemic or similar public health threats, and measures implemented to combat them; and other factors, including those expressed as risk factors, disclosed from time to time in filings made by Mercantile with the Securities and Exchange Commission. Mercantile undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise. Investors are cautioned not to place undue reliance on any forward-looking statements contained herein. View original content to download multimedia: SOURCE Mercantile Bank Corporation Sign in to access your portfolio
Miami Herald
01-07-2025
- Miami Herald
Faygo soda used as bait, ending bank hostage standoff in Michigan, cops say
A man holding a bank worker hostage was fatally shot by Michigan officers, who baited him using Faygo soda, according to police and news reports. The incident happened Friday, June 27, at Mercantile Bank in Saginaw Township, leading to an hours-long standoff, according to Michigan State Police. The 31-year-old suspect entered the bank after closing hours and tried cashing a fraudulent check, reported. When he was denied, he attacked the worker and demanded money while armed with a sharp object, troopers told the news outlet. He then held the woman hostage for around three hours as officers stormed the scene and began negotiating with him, according to Troopers used a drone to deliver a 24 oz. Faygo Red Pop soda to the accused suspect, WNEM reported. When he went to retrieve the soda and was seen through the building's glass, a trooper fired a single shot that killed the 31-year-old man, state police told the news outlet. He was identified as Quinton Marquese Allen and was from the Detroit area, according to WNEM. The woman who was held hostage 'bolted out a door of the building' and officers entered the bank, finding Allen who was pronounced dead at the scene, WJRT reported. State police said the worker was treated at a hospital for non-life threatening injuries. 'Thanks to the swift and professional response of local and state law enforcement, the situation was resolved,' Mercantile Bank said in a statement. 'All Mercantile Bank employees are safe, and there is no ongoing threat to the public.' Saginaw Township is about a 120-mile drive northwest from Detroit.
Business Wire
19-05-2025
- Business
- Business Wire
Q2 Announces 2025 Excellence Award Recipients
AUSTIN, Texas--(BUSINESS WIRE)-- Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for financial services, today announced the 2025 Q2 Excellence Award recipients. The annual award program recognizes banks and credit unions driving significant business outcomes and strengthening the communities they serve, ranking them among the industry's best financial institutions. This year's award recipients have achieved exceptional results and introduced innovative solutions for their organizations, customers, members and communities. The seven banks and credit unions recognized will be honored today at CONNECT 25, Q2's annual conference held in Austin, Texas. 'Our mission is to build strong and diverse communities by strengthening their financial institutions, and we are excited to honor our banks and credit unions for improving the lives of their customers and members through forward-thinking, innovative digital experiences,' said Q2 President Kirk Coleman. 'We congratulate this year's winners for their industry leadership and commitment to excellence.' The 2025 Q2 Excellence Award recipients include the following financial institutions: Mercantile Bank: Bank of the Year The Q2 Excellence Award for Bank of the Year recognizes Mercantile Bank (Mercantile) for demonstrating exemplary digital innovation and an unmatched commitment to the customer experience. Mercantile Bank is Michigan's largest community bank, built by entrepreneurs with a vision for smarter banking. With deep roots in the communities it serves, Mercantile is committed to delivering creative, personalized financial solutions that help individuals, families and businesses thrive. Cyprus Credit Union: Credit Union of the Year The Q2 Excellence Award for Credit Union of the Year recognizes Cyprus Credit Union for achieving outstanding success in driving innovation for its members. Cyprus Credit Union is driven by a mission to become Utah's most loved financial institution—empowering the futures of its employees and members, while making a meaningful difference in its communities and the environment. Synovus: Collaboration The Q2 Excellence Award for Collaboration recognizes Synovus for its collaboration with Q2 and other partners to develop and execute creative solutions that benefit the end user and their bottom line. Synovus is a top-performing mid-cap bank with a purpose rooted in helping people reach their full potential—whether they're clients, team members or members of the communities it serves. Valley First Credit Union: Community The Q2 Excellence Award for Community recognizes Valley First Credit Union for going above and beyond to positively impact its community through mission-driven, innovative programs. Valley First Credit Union is a not-for-profit financial cooperative owned by its members and operated for their benefit. This year, the credit union proudly celebrates 75 years of commitment to the financial well-being of California's Central Valley. Nuvision Credit Union: Growth The Q2 Excellence Award for Growth recognizes Nuvision Credit Union for leveraging Q2 technology to deliver the best financial experience to their members to increase adoption and engagement. Nuvision Credit Union was founded nearly a century ago to serve hardworking people with a constantly evolving portfolio of financial products and services that move at the speed of the market and its members' lives. Bell Bank: Innovation The Q2 Excellence Award for Innovation recognizes Bell Bank for putting new ideas into practice to improve the account holder experience. Bell is among the nation's largest privately owned banks, with a legacy of success built on customer loyalty and a strong commitment to giving back, notably through its Pay It Forward initiative, empowering more than $30 million in employee-driven charitable giving. Firstrust Bank: Transformation The Q2 Excellence Award for Transformation recognizes Firstrust Bank (Firstrust) for embarking on significant digital transformation initiatives. Firstrust is the largest family-owned financial institution in the Philadelphia region, operating as Philadelphia's Hometown Bank for over 90 years, and is the Official Bank of the Philadelphia Eagles. About Q2 Holdings, Inc. Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the U.S. and internationally. Q2 enables its financial institution and fintech customers to provide comprehensive, data-driven digital engagement solutions for consumers, small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Follow us on LinkedIn and X to stay up to date.
Yahoo
09-04-2025
- Business
- Yahoo
Mercantile Bank And 2 Other Top Dividend Stocks To Consider
In the midst of a highly volatile trading environment marked by uncertainties surrounding tariffs and their potential impact on economic growth, investors are seeking stability through dividend stocks. A good dividend stock can provide consistent income and potentially mitigate some market volatility, making it an attractive option for those looking to navigate the current economic landscape. Name Dividend Yield Dividend Rating Douglas Dynamics (NYSE:PLOW) 5.42% ★★★★★★ Columbia Banking System (NasdaqGS:COLB) 6.93% ★★★★★★ Interpublic Group of Companies (NYSE:IPG) 5.76% ★★★★★★ Dillard's (NYSE:DDS) 8.82% ★★★★★★ Regions Financial (NYSE:RF) 7.77% ★★★★★★ Peoples Bancorp (NasdaqGS:PEBO) 5.90% ★★★★★★ Southside Bancshares (NYSE:SBSI) 5.41% ★★★★★★ First Interstate BancSystem (NasdaqGS:FIBK) 7.88% ★★★★★★ Citizens & Northern (NasdaqCM:CZNC) 5.96% ★★★★★★ CompX International (NYSEAM:CIX) 5.82% ★★★★★★ Click here to see the full list of 177 stocks from our Top US Dividend Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Mercantile Bank Corporation, with a market cap of $646.64 million, operates as the bank holding company for Mercantile Bank, offering commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. Operations: Mercantile Bank Corporation generates revenue of $224.08 million from its banking products, services, and investment securities. Dividend Yield: 3.7% Mercantile Bank's dividends have been stable and growing over the past decade, with a recent increase to $0.37 per share. The payout ratio is low at 28.8%, indicating sustainable dividends well-covered by earnings, even as net income slightly declined in 2024 to $79.59 million from $82.22 million in 2023. Trading below its estimated fair value and with insider selling noted recently, it offers a reliable dividend yield of 3.75%, though below top-tier US dividend payers. Take a closer look at Mercantile Bank's potential here in our dividend report. Our valuation report here indicates Mercantile Bank may be undervalued. Simply Wall St Dividend Rating: ★★★★★☆ Overview: PCB Bancorp is the bank holding company for PCB Bank, offering a range of banking products and services to small to medium-sized businesses, individuals, and professionals in Southern California, with a market cap of $245.44 million. Operations: PCB Bancorp generates revenue of $96.31 million from its operations in the banking industry, serving Southern California's small to medium-sized businesses, individuals, and professionals. Dividend Yield: 4.8% PCB Bancorp's dividends have been stable and growing over the past decade, with a recent increase to $0.20 per share, reflecting a reliable yield of 4.76%. The payout ratio is 41.1%, suggesting sustainability as earnings cover dividends well, with future coverage expected to improve. Trading significantly below its fair value and reporting increased net income of $7.03 million for Q4 2024, PCB offers attractive value despite not being among the top US dividend payers. Unlock comprehensive insights into our analysis of PCB Bancorp stock in this dividend report. The analysis detailed in our PCB Bancorp valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: TriCo Bancshares is a bank holding company for Tri Counties Bank, offering commercial banking services to individual and corporate customers, with a market cap of approximately $1.19 billion. Operations: TriCo Bancshares generates its revenue primarily through its Community Banking segment, which accounted for $389.19 million. Dividend Yield: 3.7% TriCo Bancshares has maintained stable and growing dividends over the past decade, offering a yield of 3.65%. The payout ratio is a sustainable 38%, indicating dividends are well covered by earnings and expected to remain so. Recent board affirmation of a $0.33 per share dividend underscores reliability, though the yield is lower than top-tier US dividend payers. Trading at nearly half its estimated fair value, TriCo presents good relative value despite recent marginal declines in net income. Click here to discover the nuances of TriCo Bancshares with our detailed analytical dividend report. Our valuation report unveils the possibility TriCo Bancshares' shares may be trading at a discount. Take a closer look at our Top US Dividend Stocks list of 177 companies by clicking here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:MBWM NasdaqGS:PCB and NasdaqGS:TCBK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
Mercantile Bank And 2 Other Top Dividend Stocks To Consider
In the midst of a highly volatile trading environment marked by uncertainties surrounding tariffs and their potential impact on economic growth, investors are seeking stability through dividend stocks. A good dividend stock can provide consistent income and potentially mitigate some market volatility, making it an attractive option for those looking to navigate the current economic landscape. Name Dividend Yield Dividend Rating Douglas Dynamics (NYSE:PLOW) 5.42% ★★★★★★ Columbia Banking System (NasdaqGS:COLB) 6.93% ★★★★★★ Interpublic Group of Companies (NYSE:IPG) 5.76% ★★★★★★ Dillard's (NYSE:DDS) 8.82% ★★★★★★ Regions Financial (NYSE:RF) 7.77% ★★★★★★ Peoples Bancorp (NasdaqGS:PEBO) 5.90% ★★★★★★ Southside Bancshares (NYSE:SBSI) 5.41% ★★★★★★ First Interstate BancSystem (NasdaqGS:FIBK) 7.88% ★★★★★★ Citizens & Northern (NasdaqCM:CZNC) 5.96% ★★★★★★ CompX International (NYSEAM:CIX) 5.82% ★★★★★★ Click here to see the full list of 177 stocks from our Top US Dividend Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Mercantile Bank Corporation, with a market cap of $646.64 million, operates as the bank holding company for Mercantile Bank, offering commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. Operations: Mercantile Bank Corporation generates revenue of $224.08 million from its banking products, services, and investment securities. Dividend Yield: 3.7% Mercantile Bank's dividends have been stable and growing over the past decade, with a recent increase to $0.37 per share. The payout ratio is low at 28.8%, indicating sustainable dividends well-covered by earnings, even as net income slightly declined in 2024 to $79.59 million from $82.22 million in 2023. Trading below its estimated fair value and with insider selling noted recently, it offers a reliable dividend yield of 3.75%, though below top-tier US dividend payers. Take a closer look at Mercantile Bank's potential here in our dividend report. Our valuation report here indicates Mercantile Bank may be undervalued. Simply Wall St Dividend Rating: ★★★★★☆ Overview: PCB Bancorp is the bank holding company for PCB Bank, offering a range of banking products and services to small to medium-sized businesses, individuals, and professionals in Southern California, with a market cap of $245.44 million. Operations: PCB Bancorp generates revenue of $96.31 million from its operations in the banking industry, serving Southern California's small to medium-sized businesses, individuals, and professionals. Dividend Yield: 4.8% PCB Bancorp's dividends have been stable and growing over the past decade, with a recent increase to $0.20 per share, reflecting a reliable yield of 4.76%. The payout ratio is 41.1%, suggesting sustainability as earnings cover dividends well, with future coverage expected to improve. Trading significantly below its fair value and reporting increased net income of $7.03 million for Q4 2024, PCB offers attractive value despite not being among the top US dividend payers. Unlock comprehensive insights into our analysis of PCB Bancorp stock in this dividend report. The analysis detailed in our PCB Bancorp valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: TriCo Bancshares is a bank holding company for Tri Counties Bank, offering commercial banking services to individual and corporate customers, with a market cap of approximately $1.19 billion. Operations: TriCo Bancshares generates its revenue primarily through its Community Banking segment, which accounted for $389.19 million. Dividend Yield: 3.7% TriCo Bancshares has maintained stable and growing dividends over the past decade, offering a yield of 3.65%. The payout ratio is a sustainable 38%, indicating dividends are well covered by earnings and expected to remain so. Recent board affirmation of a $0.33 per share dividend underscores reliability, though the yield is lower than top-tier US dividend payers. Trading at nearly half its estimated fair value, TriCo presents good relative value despite recent marginal declines in net income. Click here to discover the nuances of TriCo Bancshares with our detailed analytical dividend report. Our valuation report unveils the possibility TriCo Bancshares' shares may be trading at a discount. Take a closer look at our Top US Dividend Stocks list of 177 companies by clicking here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:MBWM NasdaqGS:PCB and NasdaqGS:TCBK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
