MERCANTILE BANK CORP (MBWM) Form 10-Q — Jul 31, 2026
Mercantile Bank Corporation reported net income of $48.6 million for the six months ended June 30, 2026, an increase from $42.2 million in the prior year period. Earnings per share rose to $2.82 compared to $2.60 a year ago, driven by higher net interest income and noninterest income following the December 2025 acquisition of Eastern Michigan Financial Corporation. The company recorded a negative provision for credit losses of $3.6 million, reversing a positive provision of $3.7 million in the prior year. This improvement reflects a decline in specific allocations and favorable changes in loan mix, offset partially by qualitative adjustments.
Key figures
- Eps
- 2.82
- Net Income
- 48612000
- Total Assets
- 6819490000
- Cash Position
- 340931000
Price after filing
Close on the filing date to close N calendar days later (from $60.08). Historical, not a forecast.
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