Mercantile Bank Corporation MBWM Eastern Michigan Bank — Interest Expense Operating

Other segment segments

Mercantile Bank

$27.46M—

Similar metrics at other companies

TRMKGeneral Banking — Interest Expense Operating

$70.08M-8.1%

MBINBanking — Interest Expense Operating

$80.53M-25.5%

TMPBanking — Interest Expense, Operating

$30.81M-6.1%

RJFBank — Interest Expense, Operating

$330M-13.8%

HTHBanking — Interest Expense Operating

$51.48M-24.3%

GSBCBanking — Interest Expense Operating

$22.84M-26.1%

Other financials

Income statement

See full

Revenue$67.6M+18.1%

Net income$22.7M+16.1%

EPS (diluted)$1.32+9.1%

Cash flow

See full

Operating cash flow$28.3M+1,051%

CapEx$938.0K-39.0%

Free cash flow$27.4M+706%

Valuation

See full

Market cap$963.74M+36.5%

P/E10.5×+1.4×

P/S3.8×+0.7×

Profitability

See full

Net margin36.3%+2.7pp

FCF margin17%—

Returns & leverage

See full

Return on equity8.6%—

Debt / equity0×—

Where this comes from

Reported directly by Mercantile Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseOperating.

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

Ask your AI about Mercantile Bank Corporation's eastern michigan bank — interest expense operating.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

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.