)

Mercantile Bank (MBWM) investor relations material
Mercantile Bank Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 net income rose to $22.6M ($1.39 per share), up from $18.8M ($1.17 per share) in Q2 2024; six-month net income reached $42.2M ($2.60 per share), up from $40.3M ($2.50 per share) year-over-year.
Commercial loans grew $114M in the first half of 2025 (annualized 6–7%), with loan-to-deposit ratio improving to just under 100% from 107% a year ago.
Asset quality remained strong: nonperforming assets at 0.16% of total assets, nonperforming loans at 0.21% of total loans, and net charge-offs at 0.01% annualized.
Announced a definitive merger agreement to acquire Eastern Michigan Bank/Financial Corporation, expected to close in Q4 2025, enhancing liquidity and market reach.
Tangible book value per share increased to $35.82 at the end of Q2 2025 from $31.09 in Q2 2024.
Financial highlights
Net interest income for Q2 2025 was $49.5M, up 5.1% year-over-year; net interest margin declined to 3.49% from 3.63% due to lower asset yields and higher-cost deposits.
Noninterest income for Q2 2025 was $11.5M, up 18.4% year-over-year, driven by mortgage banking, swap income, and treasury management fees.
Noninterest expense for Q2 2025 was $33.4M, up from $29.7M in Q2 2024, mainly due to higher compensation and data processing costs.
Federal income tax expense reduced by $1.5M in Q2 2025 via energy tax credits, lowering the effective tax rate to 13%.
Total assets as of June 30, 2025, were $6.18B, up $129M from year-end 2024.
Outlook and guidance
Loan growth projected at 1–2% in Q3 and 3–5% in Q4 2025; net interest margin expected at 3.5–3.6% in Q3 and 3.55–3.65% in Q4.
Fee income guidance of $9–10M per quarter for the remainder of 2025; overhead costs expected at $32.5–$33.5M per quarter.
Federal tax rate forecasted at 16% for Q3 and 19% for Q4, reflecting anticipated tax credits.
Commercial loan pipeline remains strong, but elevated CRE payoffs may impact growth in H2 2025.
Management focused on lowering loan-to-deposit ratio, expanding local deposits, and limiting wholesale funding.
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