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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
US Market
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Mercantile Bank (MBWM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jan 20, 2026
TBA (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
1.33
Last Year’s EPS
1.22
Same Quarter Last Year
Based on 4 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Oct 21, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant growth in deposits, fee income, and earnings per share. Asset quality remained robust, and there was an improvement in the loan-to-deposit ratio. However, there were some challenges, such as loan contraction in Q3 and increased non-interest expenses.
Company Guidance
During the Mercantile Bank Corporation's third-quarter 2025 earnings call, the company provided detailed guidance on various financial metrics. The bank highlighted a strong and stable net interest margin, which decreased only two basis points to 3.5% over the past five quarters despite a 96 basis point decline in the SOFR ninety-day average rate. Asset quality remained robust, with past due loans at 16 basis points and an allowance for credit losses at 1.28% of total loans as of September 30, 2025. The bank's loan-to-deposit ratio improved to 96%, and it achieved a 9% annualized deposit growth rate for 2025. Furthermore, the bank reported a 20% increase in quarter-over-quarter earnings per share, a 1.5% return on average assets, and a 14.7% return on average equity for the year. The upcoming acquisition of Eastern Michigan Financial Corporation is expected to contribute positively to these metrics, with projected double-digit earnings accretion and a mid-three-year earn-back period. The bank also noted strong growth in fee income categories, such as treasury management services, payroll services, and mortgage banking income, and maintained a disciplined approach to commercial loan portfolio management.
Strong Net Interest Margin and Asset Quality
Despite a 96 basis point drop in the SOFR ninety-day average rate, the net interest margin only decreased by two basis points to 3.5%. Asset quality remained strong with past due loans at 16 basis points and non-performing loans at 13 basis points of total loans.
Improved Loan-to-Deposit Ratio
The loan-to-deposit ratio improved to 96% from 102% in 2024 and 110% in 2023, supported by a deposit mix of 25% non-interest-bearing deposits and 20% lower-cost deposits.
Growth in Key Fee Income Categories
Commercial deposit relationships led to an 18% increase in service charges, a 15% growth in payroll service offerings, and a 12% increase in mortgage banking income year-over-year.
Earnings and Book Value Growth
Earnings per share grew by 20% quarter-over-quarter. Tangible book value per share increased by 13% over the last four quarters, with a five-year compounded annual growth rate of 8.4%.
Deposit and Loan Growth
Annualized deposit growth was 9% for 2025, with a compounded annual growth rate of 11.8% over six years. Loans had a compounded annual growth rate of 10% over the same period.

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

MBWM Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jan 20, 2026
2025 (Q4)
1.33 / -
1.22
Oct 21, 2025
2025 (Q3)
1.38 / 1.46
1.2219.67% (+0.24)
Jul 22, 2025
2025 (Q2)
1.24 / 1.39
1.1718.80% (+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
1.312.29% (+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
1.0128.71% (+0.29)
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
Oct 21, 2025
$44.63$44.91+0.63%
Jul 22, 2025
$48.37$47.49-1.82%
Apr 22, 2025
$39.61$41.00+3.51%
Jan 21, 2025
$43.14$45.63+5.77%
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 Jan 20, 2026, TBA (Confirmed).
    What is Mercantile Bank Corp. (MBWM) earnings time?
    Mercantile Bank Corp. (MBWM) earnings time is at Jan 20, 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 2025 (Q4) is 1.33.
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