For the quarter ended September 2025, Mercantile Bank (MBWM) reported revenue of $62.39 million, up 7.6% over the same period last year. EPS came in at $1.46, compared to $1.22 in the year-ago quarter.
The reported revenue represents a surprise of +1.61% over the Zacks Consensus Estimate of $61.4 million. With the consensus EPS estimate being $1.38, the EPS surprise was +5.8%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 55.7% compared to the 53.7% average estimate based on three analysts.
- Net Interest Margin: 3.5% compared to the 3.5% average estimate based on three analysts.
- Net loan charge-offs (recoveries) to average loans: -0.1% versus the two-analyst average estimate of 0.1%.
- Average Balances - Total earning assets (before allowance): $5.91 billion versus $5.8 billion estimated by two analysts on average.
- Total Noninterest Income: $10.39 million versus the three-analyst average estimate of $9.86 million.
- Net Interest Income: $52 million compared to the $51.55 million average estimate based on three analysts.
- Payroll services: $0.83 million versus the two-analyst average estimate of $0.8 million.
- Interest rate swap income: $0.38 million versus the two-analyst average estimate of $0.45 million.
- Credit and debit card income: $2.37 million versus the two-analyst average estimate of $2.39 million.
- Earnings on bank owned life insurance policies: $0.86 million compared to the $0.59 million average estimate based on two analysts.
- Mortgage banking income: $3.07 million compared to the $3.2 million average estimate based on two analysts.
- Other income: $0.83 million compared to the $0.58 million average estimate based on two analysts.
View all Key Company Metrics for Mercantile Bank here>>>
Shares of Mercantile Bank have returned -4.2% over the past month versus the Zacks S&P 500 composite's +1.2% 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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