The earnings call demonstrates a generally positive outlook for Mercantile Bank, with significant growth in commercial loans, mortgage banking income, and deposits. The strategic partnership with Eastern Michigan Bank is expected to enhance growth and liquidity. However, challenges such as a decline in loan yields, increased noninterest expenses, and a decrease in net interest margin are noted. Despite these challenges, the positive aspects, particularly the strategic partnership and growth in key areas, outweigh the negatives.

Company Guidance -

Q3 2025

During the Mercantile Bank Corporation's Second Quarter 2025 Earnings Conference Call, the company provided guidance on several key financial metrics. They reported a strong commercial loan growth of $114 million at an annualized rate of 6.2% for the first half of 2025 and projected 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% for the first six months of 2025 compared to the same period in 2024, while nonperforming assets totaled $9.7 million, representing 16 basis points of total assets. Net income for the second quarter of 2025 was $22.6 million or $1.39 per diluted share, reflecting growth in net interest income and reduced federal income tax expense. The call also highlighted a 13% increase in local deposits and a strategic partnership with Eastern Michigan Bank, expected to enhance liquidity and reduce the loan-to-deposit ratio. Net interest margin guidance was set at 3.50% to 3.60% for the third quarter and 3.55% to 3.65% for the fourth quarter, with no anticipated changes in the federal funds rate.

Commercial Loan Growth

Commercial loan growth for the first 6 months of 2025 was $114 million, an annualized rate of 6.2%, despite customer reductions in loan balances due to asset sales totaling $154 million.

Increase in Mortgage Banking Income

Mortgage banking income grew 23.4% for the first 6 months of 2025 compared to the same period in 2024, despite challenges from high interest rates.

Strong Asset Quality

Nonperforming assets totaled $9.7 million at June 30, 2025, representing 16 basis points of total assets. Past due loans represented 6 basis points of total loans.

Deposit Growth

Local deposits increased by 13% as of June 30, 2025, compared with the same date in 2024, reducing the loan-to-deposit ratio from 107% to just under 100%.

Strategic Partnership with Eastern Michigan Bank

The partnership is expected to lower the loan-to-deposit ratio, reduce the pro forma cost of funds, and enhance balance sheet liquidity, with entry into new markets.

Net Income Increase

Net income for Q2 2025 was $22.6 million or $1.39 per diluted share, compared to $18.8 million or $1.17 per diluted share in Q2 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

Daily Earnings Calendar >

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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