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SEC FILINGS

Mercantile Bank Shareholders Reelect Directors

Mercantile Bank shareholders reelected directors, ratified auditor, and approved executive compensation at the annual meeting.

Alexander Gonzalez
ByAlexander Gonzalez- Senior Editor
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Mercantile Bank Shareholders Reelect Directors
Photo: Prepared by Bond.az

Mercantile Bank Corporation (NASDAQ:MBWM) held its annual shareholder meeting Thursday. Shareholders voted on three proposals.

First, they reelected 12 directors for one-year terms. Votes in favor ranged from 10,683,738 to 10,917,759.

Second, they ratified Plante & Moran, PLLC as the independent auditor for 2026: 13,471,113 for, 54,526 against.

Third, an advisory vote on executive compensation passed with 10,539,827 for, 323,243 against.

All directors were elected, and both proposals approved. Price targets for MBWM range from $57 to $62.

Mercantile Bank is headquartered in Grand Rapids, Michigan. Its stock trades on the Nasdaq under MBWM.

In other news, Mercantile Bank reported Q1 2026 EPS of $1.32, beating the $1.26 forecast.

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Mercantile Bank Shareholders Reelect Directors | Bond.az