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

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

Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0-100%
Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0
Healthcare Services Group logo
Healthcare Services GroupHCSG
$0
Paccar logo
PaccarPCAR
$8.7M+263%
Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0
Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$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:FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff.

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, year five, originated, four years before current fiscal year, writeoff?
Mercantile Bank Corporation (MBWM) reported financing receivable, year five, originated, four years before current fiscal year, writeoff of $0 in Q1 2026.
How has Mercantile Bank Corporation's financing receivable, year five, originated, four years before current fiscal year, writeoff changed year-over-year?
Mercantile Bank Corporation's financing receivable, year five, originated, four years before current fiscal year, writeoff decreased by 100.0% year-over-year, from $61K to $0.
What does financing receivable, year five, originated, four years before current fiscal year, writeoff mean?
Represents the total dollar amount of loan write-offs for financing receivables originated four fiscal years prior to the current period. This metric assists in understanding the long-term credit risk profile and the durability of the bank's underwriting standards over time.