Short answer
MERCANTILE BANK CORP (MBWM) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $85M (up 6.3% year over year) with net income of $23M.
Q1 2026 key financials · XBRL
- Revenue
- $85M
- +6.3% YoY
- Net income
- $23M
- +16.1% YoY
- EPS (diluted)
- $1.32
- +9.1% YoY
Source: XBRL data from the MERCANTILE BANK CORP (MBWM) Q1 2026 10-Q on SEC EDGAR. USD.
MERCANTILE BANK CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $22.7M vs $19.5M YoY; diluted EPS $1.32 vs $1.21
- Net interest income $7.4M higher YoY; margin 8 basis points higher
- Commercial loans increased $16.7M; mortgage originations $128M, up over 27% YoY
- Deposits increased $135M; interest-earning deposits averaged $423M vs $267M YoY
- Near-term pipeline: $289M committed and accepted lending commitments; $240M construction availability
Risk Factors
- No material risk-factor changes from the December 31, 2025 Form 10-K
- Carried-forward risks remain the company’s significant disclosed exposures
- No newly triggered regulatory, legal, operational, competitive, market, or financial risks identified in this filing
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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