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Mercantile Bank Corp

Mercantile Bank Corp, with stock symbol MBWM, is a bank holding company based in Michigan, USA. The company operates through its subsidiary, Mercantile Bank of Michigan, providing a range of financial services to individual and corporate customers.

In terms of financials, Mercantile Bank Corp reported total assets of $4.3 billion and total deposits of $3.5 billion as of December 31, 2021. The company's net income for the full year 2021 was $52.5 million, representing a 35.1% increase from the previous year. Earnings per share (EPS) for 2021 were $2.11, up from $1.65 in 2020.

Mercantile Bank Corp's return on average assets (ROAA) for 2021 was 1.23%, while its return on average equity (ROAE) was 11.63%. The company's efficiency ratio was 56.3% for the full year 2021.

In terms of growth, Mercantile Bank Corp has been expanding its presence in Michigan through organic growth and strategic acquisitions. In 2021, the company acquired substantially all of the assets and liabilities of Chemical Bank's Traverse City region, which added approximately $430 million in assets and $350 million in deposits to the company's balance sheet.

Mercantile Bank Corp's stock price has performed well over the past year, with a 12-month return of around 30% as of March 2023. The company's market capitalization was approximately $850 million as of that date.

Overall, Mercantile Bank Corp appears to be a financially sound and growing bank holding company, with solid financial performance and a focus on expanding its presence in its home state of Michigan. However, as with any investment, potential investors should conduct their own research and due diligence before making investment decisions.