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Mercantile Bank Corporation MBWM Eastern Michigan Bank — Noninterest Expense

Other segment segments

Mercantile Bank
$36.02M

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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:NoninterestExpense.

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
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
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

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FAQ

What is Mercantile Bank Corporation's eastern michigan bank — noninterest expense?
Mercantile Bank Corporation (MBWM) reported eastern michigan bank — noninterest expense of $4.05M in Q1 2026.
What does eastern michigan bank — noninterest expense mean?
This metric measures the operating expenses incurred by the Eastern Michigan Bank segment, including personnel costs, occupancy, and technology expenses. It is a critical indicator of the segment's operational efficiency and cost management discipline.

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