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Mercantile Bank Corporation MBWM Eastern Michigan Bank — Interest And Dividend Income Operating

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Mercantile Bank
$79.47M

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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+44.9%
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:InterestAndDividendIncomeOperating.

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
Interest income$79,474$6,485$1,061$(1,594)$85,426
Interest expense27,4566123,021(1,564)29,525
Net interest income52,0185,873(1,960)(30)55,901
Provision for credit losses(1,700)(100)--(1,800)
Net interest income after provision for credit losses53,7185,973(1,960)(30)57,701
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

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FAQ

What is Mercantile Bank Corporation's eastern michigan bank — interest and dividend income operating?
Mercantile Bank Corporation (MBWM) reported eastern michigan bank — interest and dividend income operating of $6.49M in Q1 2026.
What does eastern michigan bank — interest and dividend income operating mean?
This metric represents the total interest and dividend income generated by the Eastern Michigan Bank segment from its lending and investment activities. It serves as a primary indicator of the segment's top-line revenue generation capacity from core banking operations.

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