# Mercantile Bank (MBWM) — Earnings

MBWM · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/mbwm/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $1.50 |
| EPS estimate | $1.32 |
| EPS surprise | +13.35% |
| Revenue surprise | −0.07% |
| Revenue | $68.8M |
| Revenue estimate | $68.8M |
| Reported | Jul 21, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1042729/000143774926025168/mbwm20260630_10q.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/0b76f5c7-f890-267c-a033-7667491df4b1.html) |

Mercantile Bank reported Q2 2026 results on July 21, 2026. Earnings per share were $1.50, ahead of the $1.32 estimate by 13.35%. Revenue was $68.8 million, in line with the $68.8 million estimate. Compared with Q2 2025, EPS rose about 8% from $1.39 and revenue rose about 13% from $60.9 million. Both figures were the highest in the table.

The longer record shows steady growth. Annual EPS rose from $3.85 in 2022 to $5.13 in 2023, dipped to $4.95 in 2024 and reached $5.46 in 2025. Annual revenue climbed each year, from $190.4 million in 2022 to $242.6 million in 2025. The first half of 2026 adds up to $2.82 per share, against $2.60 a year earlier. Quarterly EPS has stayed between $1.17 and $1.50 since Q4 2022, after a low of $0.73 in Q1 2022. Mercantile Bank beat the EPS estimate in each of the last 15 quarters and 17 times in the 20 shown; the three misses all came between Q4 2021 and Q2 2022.

Mercantile Bank reported Q3 between October 15 and October 21 in each of the past five years. That points to mid-to-late October 2026 for the next report.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 21, 2026 | $1.32 | $1.50 | 13.35% | $68.8M | $68.8M |
| Q1 2026 | Apr 21, 2026 | $1.26 | $1.32 | 5.04% | $67.4M | $67.6M |
| Q4 2025 | Jan 20, 2026 | $1.33 | $1.40 | 5.11% | $62.2M | $62.1M |
| Q3 2025 | Oct 21, 2025 | $1.38 | $1.46 | 5.95% | $61.3M | $62.4M |
| Q2 2025 | Jul 22, 2025 | $1.24 | $1.39 | 11.74% | $60.0M | $60.9M |
| Q1 2025 | Apr 22, 2025 | $1.18 | $1.21 | 2.20% | $57.4M | $57.2M |
| Q4 2024 | Jan 21, 2025 | $1.14 | $1.22 | 6.64% | $57.3M | $58.5M |
| Q3 2024 | Oct 15, 2024 | $1.17 | $1.22 | 4.10% | $56.9M | $58.0M |
| Q2 2024 | Jul 16, 2024 | $1.16 | $1.17 | 0.86% | $55.9M | $56.8M |
| Q1 2024 | Apr 16, 2024 | $1.14 | $1.34 | 17.29% | $55.4M | $58.2M |
| Q4 2023 | Jan 16, 2024 | $1.24 | $1.25 | 1.01% | $56.1M | $57.0M |
| Q3 2023 | Oct 17, 2023 | $1.15 | $1.30 | 13.29% | $53.2M | $58.2M |
| Q2 2023 | Jul 18, 2023 | $1.10 | $1.27 | 15.04% | $51.8M | $55.2M |
| Q1 2023 | Apr 18, 2023 | $1.16 | $1.31 | 13.13% | $53.8M | $55.3M |
| Q4 2022 | Jan 17, 2023 | $1.20 | $1.37 | 14.36% | $53.8M | $58.5M |
| Q3 2022 | Oct 18, 2022 | $0.98 | $1.01 | 3.27% | $47.7M | $49.6M |
| Q2 2022 | Jul 19, 2022 | $0.76 | $0.74 | -2.37% | $42.7M | $42.1M |
| Q1 2022 | Apr 19, 2022 | $0.74 | $0.73 | -1.08% | $42.9M | $40.2M |
| Q4 2021 | Jan 18, 2022 | $0.86 | $0.74 | -13.95% | $45.2M | $45.2M |
| Q3 2021 | Oct 19, 2021 | $0.85 | $0.95 | 12.03% | $41.5M | $46.7M |

## Frequently Asked Questions

### When did Mercantile Bank (MBWM) last report earnings?

Mercantile Bank last reported on Jul 21, 2026, covering fiscal Q2 2026.

### Did MBWM beat earnings estimates?

Yes. Mercantile Bank reported EPS of $1.50 for Q2 2026 against a $1.32 estimate — a 13.35% beat.

### How much revenue did MBWM report last quarter?

Mercantile Bank reported $68.8M in revenue for Q2 2026, against a consensus estimate of $68.8M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).