Filing Flows › Mercantile Bank (MBWM) › Q3 2026
Mercantile Bank (MBWM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Mercantile Bank (MBWM) reported revenue of $73.2M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +6% from the quarter before. Operating margin was 39.5%, net earnings $24.1M (32.9% of revenue).
Mercantile Bank, Q3 2026: revenue $73.2M (+17% year over year), operating margin 39.5%, net earnings $24.1M, operating cash flow $47.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.2M | +6% | +17% |
| Operating profit | $28.9M | -7% | +6% |
| Net earnings | $24.1M | -7% | +1% |
| Operating cash flow | $47.1M | +208% | +104% |
What changed
Revenue was $73.2M in Q3 2026, up 17% year over year and up 6% from the previous quarter. Net interest income was the largest line at 83% of revenue. Net interest income added $8.9M year over year (up 17%), 82% of the total change.
Operating profit was $28.9M, a 39.5% margin (down 4.4 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, below the 44% margin then. Total costs grew 27% against revenue growth of 17%. The fastest-growing cost line was Credit loss provision (+250%). Net earnings were $24.1M, up 1% year over year. The effective tax rate was 16.8%.
Operating cash flow was $47.1M (up 104% year over year), 196% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $20.8M.
Questions
What was Mercantile Bank's revenue in the third quarter 2026?
Mercantile Bank (MBWM) reported revenue of $73.2M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +6% from the quarter before.
Was Mercantile Bank profitable in the third quarter 2026?
Operating profit was $28.9M (39.5% of revenue) and net earnings $24.1M.
Source: Mercantile Bank 10-Q on SEC EDGAR.