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Mercantile Bank Corporation MBWM Eastern Michigan Bank — Net Income Loss

Other segment segments

Mercantile Bank
$23.82M

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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:NetIncomeLoss.

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 — net income loss?
Mercantile Bank Corporation (MBWM) reported eastern michigan bank — net income loss of $1.97M in Q1 2026.
What does eastern michigan bank — net income loss mean?
This metric represents the final net profit or loss attributable to the Eastern Michigan Bank segment after all operating expenses, provisions, and taxes. It is the ultimate measure of the segment's financial performance and contribution to the bank's total earnings.

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