Mercantile Bank Corporation Overview
Industry: Banks Regional
Sector: Financial Services
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan. Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Mercantile Bank Corporation into one research view. The sections below show what strengthens or weakens the research case.
Score
Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $67.6M (reported); EPS was $1.32 (+9% YoY).
Revenue
$67.6M
reported
EPS
$1.32
+9% YoY
Net income
$22.7M
reported
What changed
- Revenue reported to $67.6M; EPS +9% YoY to $1.32.
Guidance / outlook
We expect payoffs and paydowns to revert to historical levels during the remainder of 2026. Based on our current pipeline and continuing discussions with existing and prospective borrowers, we believe plentiful opportunities to book commercial loans will exist in future periods.
Earnings release
Open filing
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Other recent earnings materials
SEC filing
FORM 10-Q
May 01, 2026
SEC filing
FORM 8-K
Apr 21, 2026
SEC filing
FORM 10-K
Feb 27, 2026
SEC filing
FORM 8-K/A
Jan 20, 2026
SEC filing
FORM 8-K
Jan 20, 2026
Earnings release
EXHIBIT 99.1
Jan 20, 2026
SEC filing
FORM 10-Q
Oct 31, 2025
SEC filing
FORM 8-K
Oct 21, 2025
SEC filing
FORM 10-Q
Aug 01, 2025
Prediction-grade evidence
Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Tamilnad Mercantile Bank Ltd. Share Price Live Today
Headline from CNBC TV18: Tamilnad Mercantile Bank Ltd. Share Price Live Today.
Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline
Headline from Yahoo Finance: Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline.
Mercantile Community Partners Reaches 500 Affordable Housing Units Financed Across Michigan
Headline from PR Newswire: Mercantile Community Partners Reaches 500 Affordable Housing Units Financed Across Michigan.
Earnings Per Share
Score 3.00/5
Mercantile Bank Corporation boasts a high score, as its Earnings Per Share (EPS) has demonstrated consistent growth over the past six years. Notable counterparts in the sector with high scores includes
Aflac Inc
Pathward Financial Inc
T. Rowe Price Group Inc
In
Banks Regional industry
, Pathward Financial Inc
, The Bancorp Inc
, Axos Financial
are companies with high ratings.
Return on Equity
Score 4.33/5
Mercantile Bank Corporation stands out with a superior score in the Return on Equity (ROE) section, surpassing the sector median value and showcasing its strong performance in this metric. The top companies in the same sector include
Aflac Inc
Pathward Financial Inc
T. Rowe Price Group Inc
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Net Margin
Score 2.49/5
Mercantile Bank Corporation
olds a low score as its net margin consistently trails below the sector median value and doesn't exhibit continuous growth over the last six years; notable companies in the sector with commendable scores include
Aflac Inc
Pathward Financial Inc
T. Rowe Price Group Inc
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Leverage
Score 1.74/5
Mercantile Bank Corporation
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
Aflac Inc
Pathward Financial Inc
T. Rowe Price Group Inc
have achieved high scores.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Verified SEC statements load when this section enters view.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.
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