Table of Contents U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 000-26719 MERCANTILE BANK CORPORATION (Exact name of registrant as specified in its charter) Michigan 38-3360865 (State or other jurisdi ...

财务数据和关键指标变化 - 第三季度净收入为2090万美元,每股收益1.30美元,较上年同期增长30%和29% [24] - 前9个月净收入为6220万美元,每股收益3.89美元,较上年同期增长58%和57% [24] - 净息差在第三季度为3.98%,较上年同期提高42个基点,前9个月为4.10%,较上年同期提高110个基点 [31][32] - 贷款收益率在第三季度为5.78%,较上年同期提高174个基点 [32] - 存款成本在第三季度为1.80%,较上年同期提高132个基点 [32] 各条业务线数据和关键指标变化 - 商业贷款在第三季度增长4%,主要来自非自用商业房地产贷款 [15] - 商业贷款组合中有65%为浮动利率贷款,较6个季度前的50%有所提高 [16] - 住房贷款在第三季度增长22亿美元 [15] 各个市场数据和关键指标变化 - 密歇根州经济在第三季度保持稳定,失业率、就业和经济活动与2023年前几个季度类似 [11] - 潜在的不利因素包括联储加息、汽车行业劳工问题、联邦政府的持续分歧以及中东地区的新暴力事件 [12] 公司战略和发展方向及行业竞争 - 公司专注于与客户建立深厚的关系,提供量身定制的金融解决方案 [10] - 公司将采取更加谨慎的增长策略,选择性地参与符合关系银行理念的机会 [10] - 公司将于2024年6月1日迎来新任CEO Ray Reitsma,实现平稳过渡 [13] 管理层对经营环境和未来前景的评论 - 管理层对密歇根州经济保持乐观,但也关注一些潜在的不利因素 [11][12] - 管理层对公司的未来发展前景持乐观态度,将继续专注于为客户提供优质服务 [9][10][22] 问答环节重要的提问和回答 问题1 **Daniel Tamayo 提问** 未来利润率的走势以及存款成本的变化情况 [52][53][54][55] **Charles Christmas 回答** 预计利润率将稳步下降,存款成本不会大幅上升 [53][54][55] 问题2 **Erik Zwick 提问** 对即将重新定价的贷款客户的沟通和应对措施 [61][62][63][64][65] **Raymond Reitsma 和 Robert Kaminski 回答** 公司一直与客户保持密切沟通,提前了解客户情况并提供支持 [62][63][64][65] 问题3 **Damon DelMonte 提问** 对未来降息环境的应对措施,是否考虑使用利率掉期等工具进行套期保值 [79][80][81] **Charles Christmas 回答** 公司一直关注利率环境的双向变化,但目前认为利率掉期成本过高,暂不考虑使用 [79][80][81]

Table of Contents U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 000-26719 MERCANTILE BANK CORPORATION (Exact name of registrant as specified in its charter) Michigan 38-3360865 (State or other jurisdiction ...

• Significant increase in net interest income depicting net interest margin expansion and loan growth Mercantile® Bank Corporation 62,006,000 36,003,000 119,159,000 69,254,000 33,826,000 93,335,000 64,611,000 Company Overview Executive Management Team | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------- ...

Mercantile Bank Corporation (NASDAQ:MBWM) Q2 2023 Earnings Conference Call July 18, 2023 10:00 AM ET Company Participants Zack Mukewa - Lambert IR Bob Kaminski - President & CEO Ray Reitsma - COO & President of the Bank Chuck Christmas - EVP & CFO Conference Call Participants Brendan Nosal - Piper Sandler Daniel Tamayo - Raymond James Erik Zwick - Hovde Group Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation Second Quarter 2023 Earnings Results Conference Call. All p ...

Table of Contents U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 000-26719 MERCANTILE BANK CORPORATION (Exact name of registrant as specified in its charter) Michigan 38-3360865 (State or other jurisdictio ...

Mercantile Bank Corporation (NASDAQ:MBWM) Q1 2023 Results Conference Call April 18, 2023 10:00 AM ET Company Participants Bob Kaminski - President & CEO Ray Reitsma - COO & President of the Bank Chuck Christmas - EVP & CFO Conference Call Participants Brendan Nosal - Piper Sandler Daniel Tamayo - Raymond James Erik Zwick - Hovde Group Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation First Quarter 2023 Earnings Results Conference Call. All participants will be in a l ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission file number 000-26719 MERCANTILE BANK CORPORATION (Exact name of registrant as specified in its charter) ...

Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2022 Earnings Conference Call January 17, 2023 10:00 AM ET Company Participants Julia Ward - IR, Lambert Bob Kaminski - President & CEO Ray Reitsma - COO & President of the Bank Chuck Christmas - EVP & CFO Conference Call Participants Brendan Nosal - Piper Sandler Daniel Tamayo - Raymond James Erik Zwick - Hovde Group Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation Fourth Quarter 2022 Earnings Results Conference Call. Al ...

Mercantile Bank Corporation (NASDAQ:MBWM) Q3 2022 Earnings Conference Call October 18, 2022 10:00 AM ET Company Participants Julia Ward - Lambert IR Robert Kaminski - President & Chief Executive Officer Charles Christmas - EVP & CFO Raymond Reitsma - COO & President of the Bank Conference Call Participants Brendan Nosal - Piper Sandler Daniel Tamayo - Raymond James Eric Zwick - Hovde Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation's Third Quarter 2022 Conference Ca ...