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Mercantile Bank Corporation MBWM Eastern Michigan Bank — Interest Expense Operating

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Mercantile Bank
$27.46M

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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:InterestExpenseOperating.

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 expense operating?
Mercantile Bank Corporation (MBWM) reported eastern michigan bank — interest expense operating of $612K in Q1 2026.
What does eastern michigan bank — interest expense operating mean?
This metric measures the total interest costs incurred by the Eastern Michigan Bank segment on its deposit liabilities and other interest-bearing borrowings. It reflects the cost of funds required to support the segment's lending and investment portfolio.

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