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Mercantile Bank Corporation MBWM Total noninterest expense

Discontinued — last reported Q2 '26

Total noninterest expense at other companies

Huntington Bancshares logo
Huntington BancsharesHBAN
$1.81B+51.1%
Western New England Bancorp logo
Western New England BancorpWNEB
$16.36M+4.5%
Ameris Bancorp logo
Ameris BancorpABCB
$242.71M+56.3%
International Bancshares logo
International BancsharesIBOC
$82.61M+6.2%
BankUnited logo
BankUnitedBKU
$174.65M+6.3%
Fifth Third Bank logo
Fifth Third BankFITB

Segments

By segment

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Mercantile Bank$36.02M
Eastern Michigan Bank$4.05M

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:NoninterestExpense.

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 total noninterest expense?
Mercantile Bank Corporation (MBWM) reported total noninterest expense of $39.38M in Q2 2026.
How has Mercantile Bank Corporation's total noninterest expense changed year-over-year?
Mercantile Bank Corporation's total noninterest expense increased by 18.0% year-over-year, from $33.38M to $39.38M.
What is the long-term trend for Mercantile Bank Corporation's total noninterest expense?
Over 2 years (2023 to 2025), Mercantile Bank Corporation's total noninterest expense has grown at a 8.6% compound annual growth rate (CAGR), from $115.29M to $135.96M.
What does total noninterest expense mean?
The aggregate of all operating expenses excluding interest-related costs, such as personnel, technology, occupancy, and administrative overhead. It is a primary measure of a financial institution's operational efficiency and cost management discipline.

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