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Mercantile Bank Corporation MBWM Total noninterest expense

Discontinued — last reported Q1 '26

Total noninterest expense at other companies

First Merchants Corporation logo
First Merchants CorporationFRME
$125.15M+34.7%
Stock Yards Bancorp logo
Stock Yards BancorpSYBT
$55.24M+8.3%
Amerant Bancorp logo
Amerant BancorpAMTB
$66.92M-6.5%
Shore Bancshares logo
Shore BancsharesSHBI
$37.06M+9.8%
Fifth Third Bank logo
Fifth Third BankFITB
Huntington Bancshares logo
Huntington BancsharesHBAN

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$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+36.5%
P/E10.5×+1.4×
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:NoninterestExpense.

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 total noninterest expense?
Mercantile Bank Corporation (MBWM) reported total noninterest expense of $42.11M in Q1 2026.
How has Mercantile Bank Corporation's total noninterest expense changed year-over-year?
Mercantile Bank Corporation's total noninterest expense increased by 35.4% year-over-year, from $31.1M to $42.11M.
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.