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Mercantile Bank Corporation MBWM Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff

Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff at other companies

Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0
Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0-100%
Healthcare Services Group logo
Healthcare Services GroupHCSG
$101K
Paccar logo
PaccarPCAR
$7.2M+306%
Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0-100%
Granite Point Mortgage Trust logo
Granite Point Mortgage TrustGPMT
$0-100%

Other financials

Income statement

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Revenue$67.6M+18.1%
Net income$22.7M+16.1%
EPS (diluted)$1.32+9.1%

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$963.74M+35.3%
P/E10.5×+1.3×
P/S3.8×+0.7×

Profitability

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Net margin36.3%+2.7pp
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:FinancingReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff.

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

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Questions, answered.

What is Mercantile Bank Corporation's financing receivable, originated, more than five years before current fiscal year, writeoff?
Mercantile Bank Corporation (MBWM) reported financing receivable, originated, more than five years before current fiscal year, writeoff of $0 in Q1 2026.
What does financing receivable, originated, more than five years before current fiscal year, writeoff mean?
Tracks the total dollar amount of loan write-offs for financing receivables originated more than five years before the current fiscal year. It highlights the tail-end credit risk and the ultimate loss experience of the bank's legacy loan assets.