MERCANTILE BANK CORPORATION Exhibit 99.1 Mercantile Bank Corporation Announces Robust First Quarter Results Strong local deposit growth, sustained strength in asset quality metrics and noteworthy increases in several noninterest revenue streams highlight quarter "We are delighted to report another quarter of excellent financial results," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. "Our strong operating performance during the first three months of 2024 reflected a healt ...

Mercantile Bank (MBWM) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.54%. A quarter ago, it was expected that this holding company for Mercantile Bank of Michigan would post earnings of $1.22 per share when it actually produced earnings of $1.25, delivering a surprise of 2.46%.Ov ...

Strong local deposit growth, sustained strength in asset quality metrics and noteworthy increases in several noninterest revenue streams highlight quarter GRAND RAPIDS, Mich., April 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $21.6 million, or $1.34 per diluted share, for the first quarter of 2024, compared with net income of $21.0 million, or $1.31 per diluted share, for the first quarter of 2023. "We are delighted to report another quarter of e ...

Board declares $0.35 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.9 percent  GRAND RAPIDS, Mich., April 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on April 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.35 per common share, payable on June 19, 2024, to holders of record as of June 7, 2024.  The $0.35 cash dividend is approximately 6 percent higher than t ...

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, 2023 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 charte ...

Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2023 Earnings Conference Call January 16, 2024 10:00 AM ET Company Participants Zack Mukewa - IR, Lambert Global Robert Kaminski - President & CEO Raymond Reitsma - COO & President of the Bank Charles Christmas - EVP & CFO Conference Call Participants Daniel Tamayo - Raymond James Erik Zwick - Hovde Group Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation Fourth Quarter 2023 Earnings Results Conference Call. All participant ...

• Laddered maturities generally on U.S. Government agency and municipal bond segments. 15 As of December 31, 2023 Deposits & Sweep Accounts Large Depositors Includes Sweep Account Balances Governmental – 14 relationships aggregating $0.1 billion Portion with deposits less than $5 million in 2023 FINANCIAL PERFORMANCE ($ in thousands) December 31, 2023 December 31, 2022 19 | --- | --- | --- | |-----------------------------------------|-------|--------------------------------| | Source | | Availability ($ in ...

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 ...

Mercantile Bank Corporation (NASDAQ:MBWM) Q3 2023 Earnings Conference Call October 17, 2023 10:00 AM ET Company Participants Zack Mukewa - IR, Lambert Global Robert Kaminski - President & CEO Raymond Reitsma - COO & President of the Bank Charles Christmas - EVP & CFO Conference Call Participants Daniel Tamayo - Raymond James Erik Zwick - Hovde Group Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation Third Quarter 2023 Earnings Results Conference Call. All participants ...

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 ...