Mercantile Bank (MBWM Quick QuoteMBWM - Free Report) reported $60.94 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 7.4%. EPS of $1.39 for the same period compares to $1.17 a year ago.

The reported revenue represents a surprise of +0.9% over the Zacks Consensus Estimate of $60.4 million. With the consensus EPS estimate being $1.23, the EPS surprise was +13.01%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Mercantile Bank performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Efficiency Ratio: 54.8% versus the three-analyst average estimate of 54.9%.
• Net Interest Margin: 3.5% compared to the 3.5% average estimate based on three analysts.
• Net loan charge-offs to average loans: -0% compared to the 0.1% average estimate based on two analysts.
• Average Balances - Total earning assets (before allowance): $5.71 billion versus the two-analyst average estimate of $5.78 billion.
• Total Noninterest Income: $11.46 million compared to the $9.96 million average estimate based on three analysts.
• Net Interest Income: $49.48 million versus $50.48 million estimated by three analysts on average.
• Payroll services: $0.78 million versus $0.95 million estimated by two analysts on average.
• Interest rate swap income: $1.23 million compared to the $0.55 million average estimate based on two analysts.
• Credit and debit card income: $2.35 million compared to the $2.21 million average estimate based on two analysts.
• Earnings on bank owned life insurance policies: $0.56 million compared to the $0.53 million average estimate based on two analysts.
• Mortgage banking income: $3.97 million versus $3.35 million estimated by two analysts on average.
• Other income: $0.6 million versus $0.48 million estimated by two analysts on average.

View all Key Company Metrics for Mercantile Bank here>>>

Shares of Mercantile Bank have returned +8.5% over the past month versus the Zacks S&P 500 composite's +5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.