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Mercantile Bank Corporation MBWM Provision for Credit Losses

Provision for Credit Losses at other companies

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$7M+123%
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$11.11M+153%
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$15.1M-3.8%

Segments

By segment

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Mercantile Bank-$1.7M
Eastern Michigan Bank-$100K

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+44.7%
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:ProvisionForLoanLeaseAndOtherLosses.

The source filing: Mercantile Bank Corporation’s 8-K, filed July 21, 2026. Open the filing →

Filed
Jul 21, 2026, 9:01 AM EDT
Accession
0001437749-26-023919

FAQ

What is Mercantile Bank Corporation's provision for credit losses?
Mercantile Bank Corporation (MBWM) reported provision for credit losses of $1.8M in Q2 2026.
How has Mercantile Bank Corporation's provision for credit losses changed year-over-year?
Mercantile Bank Corporation's provision for credit losses increased by 12.5% year-over-year, from $1.6M to $1.8M.
What is the long-term trend for Mercantile Bank Corporation's provision for credit losses?
Over 3 years (2021 to 2024), Mercantile Bank Corporation's provision for credit losses has grown at a 9.1% compound annual growth rate (CAGR), from -$5.71M to $7.4M.
What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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