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Mercantile Bank Corporation MBWM Mercantile Bank — Net Income Loss

Other segment segments

Eastern Michigan Bank
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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$1.06B+46.1%
P/E11.1×+2.2×
P/S4.1×+1.0×

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 mercantile bank — net income loss?
Mercantile Bank Corporation (MBWM) reported mercantile bank — net income loss of $23.82M in Q1 2026.
What does mercantile bank — net income loss mean?
This represents the final bottom-line profit or loss generated by the banking segment after all revenues, expenses, provisions, and taxes have been accounted for. It is the ultimate measure of the segment's financial performance and its contribution to the parent company's total earnings.

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