Mercantile Bank ( (MBWM) ) has shared an announcement.
On March 20, 2025, Mercantile Bank Corporation’s Board of Directors adopted a new executive officer bonus plan for 2025. The plan outlines cash bonuses for key executives based on performance metrics such as earnings per share and return on assets. The bonus pool is determined by achieving specific targets, with the potential for increased bonuses if performance exceeds these targets. The plan aims to align executive incentives with company performance, impacting the company’s operational focus and stakeholder interests.
More about Mercantile Bank
Mercantile Bank Corporation operates in the financial services industry, primarily offering banking products and services through its wholly-owned subsidiary, Mercantile Bank. The company focuses on providing financial solutions to individuals and businesses.
YTD Price Performance: 2.13%
Average Trading Volume: 68,081
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $722M
Find detailed analytics on MBWM stock on TipRanks’ Stock Analysis page.