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Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2026, Mercantile Bank (MBWM - Free Report) reported revenue of $73.2 million, up 17.3% over the same period last year. EPS came in at $1.42, compared to $1.46 in the year-ago quarter.
The reported revenue represents a surprise of +3.72% over the Zacks Consensus Estimate of $70.58 million. With the consensus EPS estimate being $1.35, the EPS surprise was +5.19%.
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: 59.5% versus the four-analyst average estimate of 58.1%.
Net interest margin (fully tax-equivalent): 3.7% compared to the 3.6% average estimate based on four analysts.
Net loan charge-offs (recoveries) to average loans: -0% compared to the 0.1% average estimate based on three analysts.
Average Balances - Total earning assets (before allowance): $6.52 billion compared to the $6.48 billion average estimate based on three analysts.
Total Noninterest Income: $12.3 million versus the four-analyst average estimate of $11.68 million.
Net Interest Income: $60.9 million versus the four-analyst average estimate of $59.3 million.
Payroll services: $0.85 million compared to the $0.95 million average estimate based on two analysts.
Interest rate swap income: $0.77 million versus $0.43 million estimated by two analysts on average.
Credit and debit card income: $2.91 million versus $2.98 million estimated by two analysts on average.
Earnings on bank owned life insurance: $0.79 million versus $0.79 million estimated by two analysts on average.
Mortgage banking income: $3.36 million compared to the $3.25 million average estimate based on two analysts.
Other income: $0.87 million versus $0.68 million estimated by two analysts on average.
Shares of Mercantile Bank have returned -2.1% over the past month versus the Zacks S&P 500 composite's +0.7% 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.
View the Zacks #1 Rank List
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Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2026, Mercantile Bank (MBWM - Free Report) reported revenue of $73.2 million, up 17.3% over the same period last year. EPS came in at $1.42, compared to $1.46 in the year-ago quarter.
The reported revenue represents a surprise of +3.72% over the Zacks Consensus Estimate of $70.58 million. With the consensus EPS estimate being $1.35, the EPS surprise was +5.19%.
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:View all Key Company Metrics for Mercantile Bank here>>>
Shares of Mercantile Bank have returned -2.1% over the past month versus the Zacks S&P 500 composite's +0.7% 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.