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Mercantile Bank Corporation MBWM Eastern Michigan Bank — Income Tax Expense Benefit

Other segment segments

Mercantile Bank
$4.95M

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Other financials

Income statement

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Revenue$67.6M+18.1%
Net income$22.7M+16.1%
EPS (diluted)$1.32+9.1%

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$963.74M+36.5%
P/E10.5×+1.4×
P/S3.8×+0.7×

Profitability

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Net margin36.3%+2.7pp
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:IncomeTaxExpenseBenefit.

The official record: Mercantile Bank Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercantile Bank Corporation's eastern michigan bank — income tax expense benefit?
Mercantile Bank Corporation (MBWM) reported eastern michigan bank — income tax expense benefit of $499K in Q1 2026.
What does eastern michigan bank — income tax expense benefit mean?
This metric represents the income tax expense or benefit allocated to the Eastern Michigan Bank segment based on its pre-tax earnings. It reflects the tax impact on the segment's bottom-line contribution to the overall organization.