Business
Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.39 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.1% percentGRAND RAPIDS, Mich.,
About this update from Mercantile Bank Corporation
[{"type":"text","content":"Board declares $0.39 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.1% percentGRAND RAPIDS, Mich., Jan. 20, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) (\"Mercantile\") announced today that on January 15, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.39 per common share, payable on March 18, 2026, to holders of record as of March 6, 2026. The $0.39 cash dividend is 2.6 percent and 5.4 percent higher than the cash dividends paid during the fourth quarter and first quarter of 2025, respectively.\n \n \n \n \n \n \n \n\"As demonstrated by our Board of Directors' declaration of an increased first quarter regular cash dividend, we remain committed to enhancing shareholder value by means of worthwhile cash returns,\" said Ray Reitsma, President and Chief Executive Officer of Mercantile. \"Our balance sheet structure, earnings performance, and asset quality metrics have remained strong during the protracted period of unclear macro-economic conditions, and we believe the current strength of our overall financial condition, coupled with the anticipated attainment of solid operating results in upcoming periods, should enable us to continue our regular cash dividend program while providing sufficient capital support for expected asset growth.\"About Mercantile Bank CorporationBased in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank and Eastern Michigan Bank. Mercantile Bank and Eastern Michigan Bank provide 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 they serve, Mercantile Bank and Eastern Michigan Bank, as combined, comprise one of the largest Michigan-based banking organizations with total combined assets of approximately $6.8 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 www.mercbank.com, and follow us on Facebook, Instagram, X (formerly Twitter) @MercBank, and LinkedIn @merc-bank.Forward-Looking StatementsThis news release contains statements or infor...