MERCANTILE BANK CORP has recently released its 10-K report, providing a detailed look at the company's financial performance and operations. The bank, headquartered in Grand Rapids, Michigan, serves small to medium-sized businesses and individuals in the United States, offering a range of banking services including deposit products, commercial and industrial loans, residential real estate loans, consumer loans, insurance products, courier services, and safe deposit boxes.
In Item 12 of the 10-K report, "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters," the company incorporates information from the Proxy Statement regarding stock ownership of certain beneficial owners and management. As of December 31, 2025, the company had 292,612 securities available for future issuance under equity compensation plans approved by security holders. These securities are available under the Stock Incentive Plan of 2023, and incentive awards may include stock options, restricted stock, stock appreciation rights, and stock awards. Additionally, there were no equity compensation plans not approved by security holders in place at the end of the reporting period. Following these announcements, the company's shares moved -0.44%, and are now trading at a price of $50.24. If you want to know more, read the company's complete 10-K report here.
