Mercantile Bank reports higher second-quarter profit
Mercantile Bank posted Q2 2026 net income of $25.9 million, rising 14.6% from a year earlier; diluted EPS increased to $1.5.
Net revenue climbed 12.8% to $68.8 million, driven by net interest income up 15.7% to $57.3 million.
Net interest margin widened to 3.59% from 3.48% a year earlier; provision for credit losses swung to a negative $1.8 million from a $1.6 million expense.
Total loans rose $98.9 million in Q2, led by $115 million commercial growth; the loan-to-deposit ratio fell to about 93% from about 100%.
Nonperforming assets eased to $5.8 million, or 0.1% of total assets, from $9.7 million a year earlier.
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