Mercantile Bank Corporation MBWM Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff

Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff at other companies

Mercantile Bank CorporationMBWM

$0—

SPF

South Plains Financial, Inc.SPFI

$94K+62.1%

Mercantile Bank CorporationMBWM

$0—

Healthcare Services GroupHCSG

$0—

Mercantile Bank CorporationMBWM

$0-100%

Mercantile Bank CorporationMBWM

$0-100%

Revenue$67.6M+18.1%

Net income$22.7M+16.1%

EPS (diluted)$1.32+9.1%

Operating cash flow$28.3M+1,051%

CapEx$938.0K-39.0%

Free cash flow$27.4M+706%

Market cap$963.74M+35.3%

P/E10.5×+1.3×

P/S3.8×+0.7×

Net margin36.3%+2.7pp

FCF margin17%—

Return on equity8.6%—

Debt / equity0×—

Reported directly by Mercantile Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff.

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

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What is Mercantile Bank Corporation's financing receivable, year one, originated, current fiscal year, writeoff?: Mercantile Bank Corporation (MBWM) reported financing receivable, year one, originated, current fiscal year, writeoff of $0 in Q1 2026.
What does financing receivable, year one, originated, current fiscal year, writeoff mean?: Reflects the total dollar amount of loan write-offs associated with financing receivables originated during the current fiscal year. This metric serves as an early indicator of credit quality issues within the most recent vintage of the loan portfolio.