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

Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff at other companies

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Healthcare Services GroupHCSG
$0+100%
SPF
South Plains Financial, Inc.SPFI
$94K+62.1%
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PaccarPCAR
$4.3M+35.4%
Healthcare Services Group logo
Healthcare Services GroupHCSG
$0
Healthcare Services Group logo
Healthcare Services GroupHCSG
$3K
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PaccarPCAR
$300K-25.0%

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:FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff.

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 two, originated, fiscal year before current fiscal year, writeoff?
Mercantile Bank Corporation (MBWM) reported financing receivable, year two, originated, fiscal year before current fiscal year, writeoff of $0 in Q1 2026.
What does financing receivable, year two, originated, fiscal year before current fiscal year, writeoff mean?
Represents the total dollar amount of loan write-offs for financing receivables originated in the fiscal year immediately preceding the current one. It helps investors assess the seasoning and credit performance of the bank's recent lending cohorts.