The earnings call highlighted significant growth in commercial loans, mortgage banking income, and net income, while also addressing challenges such as modest projected loan growth and a decline in net interest margin. The strategic partnership with Eastern Michigan Bank is seen as a positive development, expected to enhance deposit gathering and offer growth opportunities.

Company Guidance

During the Mercantile Bank Corporation's second quarter 2025 earnings call, the company provided several key financial metrics and future guidance. Commercial loan growth reached $114 million for the first half of 2025, equating to an annualized rate of 6.2%. Despite customer reductions in loan balances, the bank expects loan growth of 1% to 2% in the third quarter and 3% to 5% in the fourth quarter. Mortgage banking income increased by 23.4% in the first half of 2025 compared to the same period in 2024. Nonperforming assets stood at $9.7 million, representing 16 basis points of total assets, while net interest income saw a significant rise with an 18.1% increase in service charges on accounts and a 15.2% growth in payroll services. The bank's deposit base grew by 13% as of June 30, 2025, compared to the previous year, reducing the loan-to-deposit ratio from 107% to just under 100%. The recent strategic partnership with Eastern Michigan Bank is expected to lower the loan-to-deposit ratio further, reduce pro forma cost of funds, and enhance balance sheet liquidity. The bank anticipates a net interest margin ranging from 3.50% to 3.60% for the third quarter and 3.55% to 3.65% for the fourth quarter, with no expected changes in the federal funds rate for the remainder of 2025. The company also shared plans for a core system transition to Jack Henry in early 2027, leveraging Eastern Michigan Bank's experience with the provider to ensure a smooth transition.

Commercial Loan Growth

Commercial loan growth for the first 6 months of 2025 was $114 million, representing an annualized rate of 6.2%.

Increase in Mortgage Banking Income

Mortgage banking income increased by 23.4% for the first 6 months of 2025 compared to the same period in 2024.

Improvement in Nonperforming Assets and Past Due Loans

Nonperforming assets were $9.7 million at June 30, 2025, or 16 basis points of total assets, with past due loans at 6 basis points.

Net Income Growth

Net income for the second quarter of 2025 was $22.6 million or $1.39 per diluted share, compared to $18.8 million or $1.17 per diluted share in the second quarter of 2024.

Increase in Local Deposits

Local deposits increased by 13% as of June 30, 2025, compared with June 30, 2024.

Mercantile Bank (MBWM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MBWM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 21, 2025	2025 (Q3)	1.37 / -	1.22	―	―	―
Jul 22, 2025	2025 (Q2)	1.24 / 1.39	1.17	18.80% (+0.22)
Apr 22, 2025	2025 (Q1)	1.18 / 1.21	1.34	-9.70% (-0.13)
Jan 21, 2025	2024 (Q4)	1.14 / 1.22	1.25	-2.40% (-0.03)
Oct 15, 2024	2024 (Q3)	1.17 / 1.22	1.3	-6.15% (-0.08)
Jul 16, 2024	2024 (Q2)	1.16 / 1.17	1.27	-7.87% (-0.10)
Apr 16, 2024	2024 (Q1)	1.14 / 1.34	1.31	2.29% (+0.03)
Jan 16, 2024	2023 (Q4)	1.24 / 1.25	1.37	-8.76% (-0.12)
Oct 17, 2023	2023 (Q3)	1.15 / 1.30	1.01	28.71% (+0.29)
Jul 18, 2023	2023 (Q2)	1.10 / 1.27	0.74	71.62% (+0.53)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MBWM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$48.75	$47.86	-1.83%
Apr 22, 2025	$39.92	$41.31	+3.48%
Jan 21, 2025	$43.48	$45.99	+5.77%
Oct 15, 2024	$42.38	$43.54	+2.74%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mercantile Bank Corp. (MBWM) report earnings?

Mercantile Bank Corp. (MBWM) is schdueled to report earning on Oct 21, 2025, TBA (Confirmed).

What is Mercantile Bank Corp. (MBWM) earnings time?

Mercantile Bank Corp. (MBWM) earnings time is at Oct 21, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MBWM EPS forecast?

MBWM EPS forecast for the fiscal quarter 2025 (Q3) is 1.37.

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