Mercantile Bank's third-quarter net income rose 1.3% to $24.1M, while diluted earnings per share fell 4.8% to $1.39.

Filed October 30, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 31, 2025 · ~1 min read

Key Changes

• high

  Net income increased 1.3% to $24.1M in the third quarter, while diluted earnings per share declined 4.8% to $1.39.

  view on EDGAR →
• high

  Net interest income grew 17.1% to $60.9M in the quarter, with total interest income up 5.4% to $90.3M and total interest expense down 12.7% to $29.4M.

  view on EDGAR →
• medium

  Total noninterest expense rose 25.3% to $43.6M, including core and digital banking system conversions in one-time conversion costs and higher salaries and benefits.

  view on EDGAR →