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Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2026, Mercantile Bank (MBWM - Free Report) reported revenue of $67.59 million, up 18.1% over the same period last year. EPS came in at $1.46, compared to $1.21 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $67.57 million, representing a surprise of +0.03%. The company delivered an EPS surprise of +9.77%, with the consensus EPS estimate being $1.33.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 62.3% versus 56.3% estimated by three analysts on average.
Net interest margin (fully tax-equivalent): 3.6% versus 3.6% estimated by three analysts on average.
Net loan charge-offs (recoveries) to average loans: -0% compared to the 0.1% average estimate based on two analysts.
Average Balances - Total earning assets (before allowance): $6.42 billion versus the two-analyst average estimate of $6.44 billion.
Total Noninterest Income: $11.69 million versus the three-analyst average estimate of $10.75 million.
Net Interest Income: $55.9 million versus the three-analyst average estimate of $56.76 million.
Payroll services: $1.09 million versus $0.98 million estimated by two analysts on average.
Interest rate swap income: $0.66 million compared to the $0.33 million average estimate based on two analysts.
Credit and debit card income: $2.59 million versus the two-analyst average estimate of $2.31 million.
Earnings on bank owned life insurance: $0.67 million compared to the $0.69 million average estimate based on two analysts.
Mortgage banking income: $2.98 million versus the two-analyst average estimate of $2.98 million.
Other income: $1.21 million versus $1.03 million estimated by two analysts on average.
Shares of Mercantile Bank have returned +5.9% over the past month versus the Zacks S&P 500 composite's +9.3% 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.
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Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2026, Mercantile Bank (MBWM - Free Report) reported revenue of $67.59 million, up 18.1% over the same period last year. EPS came in at $1.46, compared to $1.21 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $67.57 million, representing a surprise of +0.03%. The company delivered an EPS surprise of +9.77%, with the consensus EPS estimate being $1.33.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:View all Key Company Metrics for Mercantile Bank here>>>
Shares of Mercantile Bank have returned +5.9% over the past month versus the Zacks S&P 500 composite's +9.3% 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.