Mercantile Bank Q2 FY26 net income rises 14.6% to $25.9 million; EPS climbs to $1.5
MBWM•Mercantile Bank reports higher Q2 profit and revenue
- Mercantile Bank posts Q2 net income of $25.9 million, or $1.50 per diluted share, up 14.6% year over year.
- Net interest income climbs 15.7% to $57.3 million, lifting net interest margin by 11 basis points to 3.59%.
- Provision for credit losses swings to a $1.8 million negative provision from a $1.6 million provision a year earlier.
- Noninterest expense rises to $39.4 million from $33.4 million; noninterest income holds at $11.5 million.
- Commercial loans increase $132 million in the first six months; deposits edge up $11.9 million with local deposits up $122 million.
