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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
Earnings Data
Report Date
Apr 21, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.26Last Year’s EPS
1.21Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong financial performance and balance-sheet fundamentals: expanded deposits, stable net interest margin despite falling short-term rates, solid earnings growth (11% EPS growth), robust capital ratios, strong fee-income growth, and completion of the Eastern Michigan Bank acquisition which should support liquidity and margin. Headwinds include loan yield pressure from late-2025 rate cuts, elevated loan payoffs limiting near-term loan growth, higher noninterest expenses from hires, data processing and acquisition costs, and some provision/reserve volatility tied to specific commercial credit. Management provided constructive guidance (5–7% loan growth, modest margin expansion) but noted sensitivity to market rate moves and near-term investments that will delay some cost saves until 2027.Company Guidance
Acquisition of Eastern Michigan Bank Completed
Purchase of Eastern Michigan Bank consummated 12/31/2025; management cites strategic execution around PASA, loan growth and margin stability; acquisition contributed positively to liquidity, deposit mix and margin outlook.
Net Income and EPS Growth
Q4 2025 net income $22.8M ($1.40 diluted) vs $19.6M ($1.22 prior year); FY2025 net income $88.8M ($5.47) vs $79.6M ($4.93) in 2024 — year-over-year EPS growth of 11%.
Net Interest Income and Margin Stability
Net interest income up $2.7M in Q4 and $10.0M for FY2025 vs prior year; net interest margin increased 2 basis points to 3.43% (five-quarter trend) and averaged 3.46% over recent quarters despite a 68-basis-point drop in SOFR 90-day average.
Strong Deposit and Loan Growth Rates
Five-year deposit compounded annual growth rate of 9.2% and loan CAGR of 8.6%; average deposits grew to $4.83B in 2025 (up $302M vs 2024).
Improved Liquidity and Loan-to-Deposit Ratio
Loan-to-deposit ratio improved to 91% at 12/31/2025 versus 98% a year earlier (and 110% at 12/31/2023); deposit mix includes 25% noninterest-bearing and 24% lower-cost deposits (up from 20% prior quarter).
Fee Income and Mortgage Performance
Treasury/fee income growth: service charges on accounts increased 19% in 2025; payroll services grew 14%; mortgage banking income up 6% vs 2024 driven by mortgage market share and saleable loan production.
Strong Capital and Balance Sheet Metrics
Total risk-based capital ratio 13.8% at year-end 2025 (Mercantile) — $213M above well-capitalized minimum; Eastern reported 15.3% — $520M above minimum; tangible book value per share rose $3.64 (~11%) during 2025.
High Levels of Loan Commitments
As of 12/31/2025 commitments to make loans totaled $297M, with $271M committed to commercial and residential construction — described as historically high.
Asset Quality and Credit Coverage
Days past due loans remain low (11 basis points of total loans); six-year average nonperforming loans of 12 bps; allowance for credit losses 1.21% of total loans at year-end 2025 (up from 1.18% prior year).
MBWM Earnings History
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 |
|---|---|---|---|
Jan 20, 2026 | $50.24 | $50.63 | +0.78% |
Oct 21, 2025 | $44.27 | $44.55 | +0.63% |
Jul 22, 2025 | $47.99 | $47.11 | -1.83% |
Apr 22, 2025 | $39.29 | $40.67 | +3.50% |
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 Apr 21, 2026, TBA (Confirmed).
What is Mercantile Bank Corp. (MBWM) earnings time?
Mercantile Bank Corp. (MBWM) earnings time is at Apr 21, 2026, 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 2026 (Q1) is 1.26.