Robert Kaminski - Mercantile Bank CEO
| MBWM Stock | USD 36.19 0.30 0.82% |
CEO
Mr. Robert B. Kaminski, Jr., is the President, Chief Executive Officer, Director of Mercantile Bank Corporationration and Chief Executive Officer of the Bank. Mr. Kaminski was appointed President and Chief Executive Officer of Mercantile on January 1, 2017 and continues to serve as Chief Executive Officer of the Bank, a position he has held since 2015. Mr. Kaminski has held various positions of increasing influence and responsibility with Mercantile and the Bank, serving Mercantile and the Bank as Senior Vice President and Secretary from 1997 to 2003, Executive Vice President and Secretary from 2003 to June of 2007, Executive Vice President and Secretary from 2007 to 2015 and President and Chief Executive Officer from 2015 through 2016. In addition, he served as the Bank Chief Operating Officer from 2000 to 2016. Mr. Kaminski serves on the Boards of Directors for Boys and Girls Clubs of Grand Rapids Youth Commonwealth, the Heart of West Michigan United Way, the City of Wyoming Retirement Board, and the West Michigan Policy Forum. Mr. Kaminski also serves as a director of Mercantile, a position to which he was appointed by the Board on December 15, 2016. Mr. Kaminski served as a director of Mercantile previously from 2011 to 2014 since 2017.
| Age | 62 |
| Tenure | 7 years |
| Phone | 616 406 3000 |
| Web | https://www.mercbank.com |
Mercantile Bank Management Efficiency
The company has return on total asset (ROA) of 0.016 % which means that it generated a profit of $0.016 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.165 %, meaning that it created $0.165 on every $100 dollars invested by stockholders. Mercantile Bank's management efficiency ratios could be used to measure how well Mercantile Bank manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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| David Findlay | Lakeland Financial | 62 | |
| Charles Funk | MidWestOne Financial Group | 63 | |
Management Performance
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.016 |
Mercantile Bank Leadership Team
Elected by the shareholders, the Mercantile Bank's board of directors comprises two types of representatives: Mercantile Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mercantile. The board's role is to monitor Mercantile Bank's management team and ensure that shareholders' interests are well served. Mercantile Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mercantile Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Edward Grant, Director | ||
| Charles Christmas, CFO, Executive VP, Treasurer, CFO of Mercantile Bank of Michigan and Executive VP of Mercantile Bank of Michigan | ||
| Samuel Stone, Executive VP of Corporate Fin. Andstrategic Planning and Executive VP of Corporate Fin. Andstrategic Planning of Mercantile Bank of Michigan | ||
| Robert Worthington, COO, Senior Vice President General Counsel, Secretary | ||
| Wiersma Wiersma, Senior Vice President and Human Resource Director of Mercantile and the Bank | ||
| Jeff Kaiser, Senior Department | ||
| Thomas Sullivan, Chairman of the Board; Vice Chairman of the Board of Director | ||
| David Cassard, Independent Director | ||
| Mark Augustyn, Senior Michigan | ||
| Scott Setlock, COO VP | ||
| Edward Clark, Independent Director | ||
| Michelle Eldridge, Independent Director | ||
| Raymond Reitsma, President of the Bank | ||
| Michael Price, Chairman, CEO and President and Chairman of Mercantile Bank of Michigan | ||
| Brett Hoover, Executive Officer | ||
| Jeff Gardner, Director | ||
| Robert Kaminski, COO, Executive VP, Secretary, CEO of Mercantile Bank and President of Mercantile Bank of Michigan, COO Mercantile Bank of Michigan, Secretary of Mercantile Bank of West Michigan |
Mercantile Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Mercantile Bank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.016 | ||||
| Profit Margin | 0.38 % | ||||
| Operating Margin | 0.49 % | ||||
| Current Valuation | 1.16 B | ||||
| Shares Outstanding | 16.12 M | ||||
| Shares Owned By Insiders | 3.30 % | ||||
| Shares Owned By Institutions | 60.69 % | ||||
| Number Of Shares Shorted | 182.49 K | ||||
| Price To Earning | 11.94 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mercantile Bank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mercantile Bank's short interest history, or implied volatility extrapolated from Mercantile Bank options trading.
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Complementary Tools for Mercantile Stock analysis
When running Mercantile Bank's price analysis, check to measure Mercantile Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mercantile Bank is operating at the current time. Most of Mercantile Bank's value examination focuses on studying past and present price action to predict the probability of Mercantile Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercantile Bank's price. Additionally, you may evaluate how the addition of Mercantile Bank to your portfolios can decrease your overall portfolio volatility.
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Is Mercantile Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.