Mercantile Bank FY26 Q2 net income rises 14.64% to $25.9 million

Reuters2026/07/21 09:06

By:Reuters

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mercantile Bank Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607210505PR_NEWS_USPR_____DE08186) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mercantile Bank FY26 Q2 net income rises 14.64% to $25.9 million

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