Short answer
MERCANTILE BANK CORP (MBWM) filed its Q2 2026 10-Q quarterly report on Jul 31, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $87M (up 5.8% year over year) with net income of $26M.
Q2 2026 key financials · XBRL
- Revenue
- $87M
- +5.8% YoY · +1.5% QoQ
- Net income
- $26M
- +14.6% YoY · +14.3% QoQ
- EPS (diluted)
- $1.50
- +7.9% YoY · +13.6% QoQ
Source: XBRL data from the MERCANTILE BANK CORP (MBWM) Q2 2026 10-Q on SEC EDGAR. USD.
MERCANTILE BANK CORP Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $25.9M, up from $22.6M YoY; diluted EPS $1.50 vs $1.39
- Net interest margin 11 basis points higher YoY; net interest income increased $7.8M to $?
- Commercial loans increased $132M; residential mortgages decreased $40.3M
- Total assets decreased $15.7M; deposits increased $11.9M while FHLBI advances declined $20.9M
- Outlook: strong commercial pipeline with $234M committed and accepted lending commitments; integration and core-system conversion risks remain
Risk Factors
- No material risk-factor changes from the December 31, 2025 Form 10-K
- Carried-forward regulatory, legal, and compliance risks unchanged from the 10-K
- Carried-forward operational, competitive, and market risks unchanged from the 10-K
- Carried-forward liquidity, debt-maturity, currency, and concentration risks unchanged from the 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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