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Mercantile Bank Corporation MBWM Mercantile Bank — Noninterest Income

Other segment segments

Eastern Michigan Bank
$548K

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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:NoninterestIncome.

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
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
Federal income tax expense4,949499(851)-4,597
Net income$23,824$1,974$16,417$(19,530)$22,685

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FAQ

What is Mercantile Bank Corporation's mercantile bank — noninterest income?
Mercantile Bank Corporation (MBWM) reported mercantile bank — noninterest income of $11.07M in Q1 2026.
What does mercantile bank — noninterest income mean?
This includes all revenue generated by the banking segment that is not derived from interest, such as service charges, fees, commissions, and gains on the sale of assets. It is a vital component for diversifying the bank's revenue streams beyond traditional lending activities.

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