Company Analysis

Mercantile Bank Corporation (MBWM)

Nasdaq: MBWM · State Commercial Banks · Grand Rapids, MI · filing with the SEC since 1997
Grade4.5
◀ Past 4.6● Present 4.8▶ Future 3.9
1 est.

Who owns Mercantile Bank Corporation

As filed with the SEC
Holders of 5% or more
3
Blackrock, Inc. holds 7.5% of Common Stock, as its SCHEDULE 13G/A filed Apr 24, 2025 says.
Directors and officers
17
report now, of 26 people on the record since 2006. Their holdings as a group are not read here.
Institutions as a whole
n/a
The record does not read the share held by managers that file Form 13F, so none is printed and no split of the rest is estimated. What it holds is the 3 named at left.
Holders of 5% or moreshare of the class, as filed
Blackrock, Inc.
7.5%
Wellington Management Group LLP
6.9%
Dimensional Fund Advisors LP
6%
The Vanguard Group
SCHEDULE 13G/A · filed Mar 27, 2026 · Common Stock · reported falling below 5%, from 6.4% in Jul 29, 2025
under 5%
What MBWM reports owning in othersstakes of 5% or more, and other ties
Other ties the annual report names
Eastern Michigan Financial Corp.
A company bought · acquisition · owns, named in the 10-K filed Feb 27, 2026

4 subsidiaries in 1 country, from the list filed with the 10-K filed Feb 27, 2026.

Insider tradesForm 4
2sales
1purchases
0sales on a scheduled plan
1people selling
$200,000sold, in dollars
$0bought, in dollars
Open-market trades on Form 4 from Oct 26, 2025 to Oct 26, 2026. A scheduled plan is a selling program set in advance under SEC rule 10b5-1. The trades are listed as filed and do not feed the grade.
By calendar yearSoldBought
16171819202122232425
2025 runs to Oct 26, 2026. Dollars as filed, summed by the transaction date.
People who traded in the window2 of 26 on the roster
PersonRole as filedSalesSoldOn a planBuysBought
Price Michael HCHAIRMAN2$200,00000$0
Sanchez Nelson Fdirector0$001$0
SI Assistanton MBWM · research, not advice