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Mercantile Bank Corporation MBWM Eastern Michigan Bank — Finite Lived Intangible Assets Net

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Mercantile Bank
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Other financials

Income statement

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Revenue$68.8M+12.8%
Net income$25.9M+14.6%
EPS (diluted)$1.50+7.9%

Cash flow

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Operating cash flow$28.3M+1,051%
CapEx$938.0K-39.0%
Free cash flow$27.4M+706%

Valuation

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Market cap$1.05B+44.7%
P/E11×+2.1×
P/S+0.9×

Profitability

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Net margin36.5%+1.8pp
FCF margin17%

Returns & leverage

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Return on equity8.6%
Debt / equity

Where this comes from

Reported directly by Mercantile Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:FiniteLivedIntangibleAssetsNet.

The source filing: Mercantile Bank Corporation’s 10-Q, filed May 1, 2026.

Filed
Apr 30, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014320
(Dollars in thousands)Mercantile BankEastern Michigan BankAll OtherIntercompany EliminationsConsolidated Total
Noninterest income11,07354819,567(19,500)11,688
Noninterest expense36,0184,0482,041-42,107
Income before federal income tax expense28,7732,47315,566(19,530)27,282
Federal income tax expense4,949499(851)-4,597
Net income$23,824$1,974$16,417$(19,530)$22,685
Goodwill$32,171$24,217$17,301-$73,689
Core deposit intangible, net-18,173--18,173
Total assets6,356,397567,8421,026,376(1,005,580)6,945,035

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FAQ

What is Mercantile Bank Corporation's eastern michigan bank — finite lived intangible assets net?
Mercantile Bank Corporation (MBWM) reported eastern michigan bank — finite lived intangible assets net of $18.17M in Q1 2026.
What does eastern michigan bank — finite lived intangible assets net mean?
This metric measures the net carrying value of identifiable intangible assets with a defined useful life, such as core deposit premiums or customer lists, associated with the Eastern Michigan Bank segment. These assets are subject to periodic amortization, reflecting the gradual consumption of their economic value over time. Tracking this figure helps investors understand the non-cash expenses impacting segment profitability and the remaining value of acquired intangible resources.

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