Mercantile Bank Q3 2026 net income $24.1 million, or $1.39 per share, down from $1.46
Mercantile Bank Corporation reported third-quarter 2026 net income of $24.1 million, or $1.39 per diluted share, compared with $23.8 million, or $1.46 per diluted share, a year earlier. Net revenue rose 17.3 percent to $73.2 million, but adjusted diluted earnings per share fell to $1.42 from $1.50, and noninterest expense rose to $43.6 million from $34.8 million.
Key points
- Net revenue of $73.2 million in Q3 2026, up $10.8 million, or 17.3 percent, from Q3 2025
- Net income of $24.1 million, or $1.39 per diluted share, versus $23.8 million, or $1.46 per share, in Q3 2025
- Adjusted diluted EPS of $1.42 in Q3 2026 versus $1.50 in Q3 2025 (non-GAAP)
- Loan-to-deposit ratio of approximately 88 percent at September 30, 2026, down from approximately 96 percent a year earlier; core banking system conversion expected in Q1 2027
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.