Mercantile Bank (MBWM) reported $60.94 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 7.4%. EPS of $1.39 for the same period compares to $1.17 a year ago.
The reported revenue represents a surprise of +0.9% over the Zacks Consensus Estimate of $60.4 million. With the consensus EPS estimate being $1.23, the EPS surprise was +13.01%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mercantile Bank performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 54.8% versus the three-analyst average estimate of 54.9%.
- Net Interest Margin: 3.5% compared to the 3.5% average estimate based on three analysts.
- Net loan charge-offs to average loans: -0% compared to the 0.1% average estimate based on two analysts.
- Average Balances - Total earning assets (before allowance): $5.71 billion versus the two-analyst average estimate of $5.78 billion.
- Total Noninterest Income: $11.46 million compared to the $9.96 million average estimate based on three analysts.
- Net Interest Income: $49.48 million versus $50.48 million estimated by three analysts on average.
- Payroll services: $0.78 million versus $0.95 million estimated by two analysts on average.
- Interest rate swap income: $1.23 million compared to the $0.55 million average estimate based on two analysts.
- Credit and debit card income: $2.35 million compared to the $2.21 million average estimate based on two analysts.
- Earnings on bank owned life insurance policies: $0.56 million compared to the $0.53 million average estimate based on two analysts.
- Mortgage banking income: $3.97 million versus $3.35 million estimated by two analysts on average.
- Other income: $0.6 million versus $0.48 million estimated by two analysts on average.
View all Key Company Metrics for Mercantile Bank here>>>
Shares of Mercantile Bank have returned +8.5% over the past month versus the Zacks S&P 500 composite's +5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Mercantile Bank Corporation (MBWM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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