)
Mercantile Bank (MBWM) investor relations material
Mercantile Bank Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong Q3 2025 results with net income of $23.8 million ($1.46 per share), up from $19.6 million ($1.22) in Q3 2024, and return on average assets of 1.5% and return on average equity of 14.72%.
Maintained stable net interest margin at 3.50% in Q3 2025 despite a lower interest rate environment.
Asset quality remains robust, with low nonperforming asset ratios and allowance for credit losses at 1.28% of loans.
Announced acquisition of Eastern Michigan Financial Corporation, expected to close in Q4 2025, to enhance financial metrics and strategic goals.
Deposit and loan growth rates remain strong, with a focus on commercial expertise and fee income expansion.
Financial highlights
Net income for Q3 2025 was $23.8 million ($1.46 per diluted share), up from $19.6 million ($1.22) in Q3 2024; nine-month net income reached $65.9 million ($4.06 per share), up from $60 million ($3.72) in 2024.
Net interest income increased by $3.7 million in Q3 and $7.3 million year-to-date; noninterest income rose 7.5% to $10.4 million, with treasury management and payroll services fees up 11% and 16%, respectively.
Tangible book value per share increased 13% year-over-year to $37.41.
Average loans grew 4% year-over-year to $4.6 billion; average deposits grew 11% to $4.83 billion.
Effective tax rate dropped to 13.4% from 20.1% due to energy tax credits and tax credit investments.
Outlook and guidance
Projecting 5% to 7% annualized loan growth in Q4 2025, with net interest margin guidance of 3.40%-3.50%.
Federal tax rate forecasted at 15% for Q4 2025, reflecting anticipated energy tax credits.
Non-interest expense guidance for Q4 includes $1 million in acquisition costs; overhead costs expected at $34.5MM-$35.5MM.
Management expects continued opportunities for commercial loan originations and local deposit growth.
Next Mercantile Bank earnings date
Next Mercantile Bank earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)