Mercantile Bank Raises Quarterly Dividend to $0.39, Sets March 18 Payout

Overview

• The Board declared the dividend on January 15, 2026, payable March 18 to shareholders of record on March 6.
• The $0.39 distribution is up 2.6% from the fourth quarter of 2025 and 5.4% from the first quarter of 2025.
• The new rate implies an annual dividend yield of approximately 3.1%.
• CEO Ray Reitsma said the move underscores confidence in the bank’s balance sheet, earnings performance, and asset quality, with plans to continue the regular cash dividend program while supporting asset growth.
• The company included a standard caution that forward‑looking statements may change due to risks such as integration of Eastern, interest rate shifts, commercial real estate stress, regulatory actions, and cybersecurity threats.