Every 10-Q that Mercantile Bank Corp (MBWM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MBWM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MBWM filings page.
Mercantile Bank Corporation reported solid profitability for the quarter ended June 30, 2026. Net interest income was $57,258 thousand, up from $49,479 thousand a year earlier, and a negative provision for credit losses of $1,800 thousand contributed to net income of $25,927 thousand, or $1.50 per basic and diluted share. For the first six months of 2026, net income totaled $48,612 thousand, or $2.82 per share.
Total assets were $6,819,490 thousand at June 30, 2026. Loans grew to $4,915,553 thousand, a 1.9% increase from December 31, 2025, driven by commercial lending, while deposits were $5,296,388 thousand. The allowance for credit losses stood at $55,441 thousand, and nonaccrual loans declined to $5,803 thousand. The available for sale securities portfolio totaled $1,125,529 thousand with gross unrealized losses of $43,503 thousand. Mercantile continues integrating the December 31, 2025 acquisition of Eastern Michigan Financial Corporation, with a planned bank consolidation in the first quarter of 2027.
Mercantile Bank Corporation reported stronger results for the quarter ended March 31, 2026. Net income rose to $22.7 million from $19.5 million a year earlier, and diluted earnings per share increased to $1.32 from $1.21. Net interest income improved to $55.9 million, helped by lower interest expense, while provision for credit losses swung to a negative $1.8 million, reflecting improved credit expectations. Noninterest income grew to $11.7 million, but noninterest expenses increased to $42.1 million, driven by $2.9 million in core conversion costs and $0.3 million in acquisition costs tied to the Eastern Michigan Bank merger. Total assets reached $6.95 billion and deposits grew to $5.42 billion, while loans were essentially flat at $4.82 billion and nonaccrual loans remained low at $7.5 million.
Mercantile Bank Corporation (MBWM) reported stronger Q3 2025 results. Net income rose to $23.8 million from $19.6 million a year ago, and diluted EPS increased to $1.46 from $1.22. Net interest income improved to $52.0 million from $48.3 million, with a modest $0.2 million provision for credit losses versus $1.1 million last year. Noninterest income was $10.4 million, up from $9.7 million, while noninterest expense rose to $34.8 million from $32.3 million, including $0.6 million of acquisition costs.
For the nine months, net income was $65.9 million versus $60.0 million, and diluted EPS was $4.06 versus $3.72. The balance sheet expanded: total assets reached $6.31 billion (up from $6.05 billion at December 31, 2024), deposits were $4.81 billion, and securities available for sale increased to $855.1 million. Shareholders’ equity improved to $657.6 million as accumulated other comprehensive loss narrowed.
Strategic update: On July 22, 2025, MBWM agreed to acquire Eastern Michigan Financial Corporation. Each EFIN share will receive $32.32 in cash and 0.7116 MBWM shares, valuing the deal at approximately $90.3 million based on a $43.14 MBWM share price on October 16, 2025. Closing is anticipated in Q4 2025, subject to shareholder and regulatory approvals and customary conditions.