MBWM

Wall Street expects a year-over-year increase in earnings on higher revenues when Old Second Bancorp (OSBC) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This financial holding company is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of +12.5%. Revenues are expected to be $95.1 million, up 26.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.75% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is si...

The market expects Mercantile Bank (MBWM) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This holding company for Mercantile Bank of Michigan is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of -3.6%. Revenues are expected to be $69.27 million, up 13.7% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predic...

GRAND RAPIDS, Mich., June 30, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, July 21, 2026, to discuss second quarter 2026 financial results. The Company's second quarter 2026 earnings release will be released before markets open on Tuesday, July 21, 2026, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live webcast on July 21, 2026, at 10 a.m. ET at ir.mercbank.com. An audio archive will be available on the Mercantile Investor Relations website following the call. About Mercantile Bank CorporationBased in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank and Eastern Michigan Bank. Mercantile Bank and Eastern Michigan Bank provide financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Distinguished by exceptional service, knowledgeable staff, and a commitment to the communities they serve, Mercantile Bank and Eastern Michigan Bank, as combined, comprise one of the largest Michigan-based banking organizations total combined assets of approximately $6.8 billion. Mercantile Bank Corporation's common stock is listed on the NASDAQ Global Select Market under the symbol "MBWM." For more information about Mercantile, visit www.mercbank.com, and follow us on Facebook, Instagram, X (formerly Twitter) @MercBank, and LinkedIn @merc-bank. View original content to download multimedia:https://www.prnewswire.com/news-releases/mercantile-bank-corporation-announces-second-quarter-2026-results-conference-call-and-webcast-302813620.html

This article first appeared on GuruFocus. Net Income: ILS330 million in Q1 2026. Return on Equity (ROE): 10.9% in Q1 2026. Net Income Excluding One-Offs: ILS1,040 million, ROE of 12.2%. Cost-Income Ratio: 48.3% in Q1 2026. Total Credit Growth: 2.2% quarter-over-quarter, 8.4% year-over-year. Loan Loss Expenses: 0.25% of total loans. Dividends: 50% of Q1 net income, ILS465 million. Operating Expenses: Declined by 16.7% quarter-on-quarter. Tier 1 Capital Ratio: 10.24%. Liquidity Coverage Ratio (LCR): 128%. Net Stable Funding Ratio (NSFR): 170%. Mercantile Bank Net Income: ILS178 million, ROA of 11.7%. IDB New York Net Income: $19 million, ROA of 7.2%. CAL Net Income: ILS64 million, ROE of 10.3%. Warning! GuruFocus has detected 4 Warning Signs with ISDAF. Is ISDAF fairly valued? Test your thesis with our free DCF calculator. Release Date: May 18, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Israel Discount Bank Ltd (ISDAF) reported a net income of ILS330 million and an ROE of 10.9% in Q1 2026, despite challenging conditions. The bank's credit portfolio grew by 2.2% quarter-over-quarter and 8.4% year-over-year, indicating robust loan growth. Operating expenses declined by 16.7% quarter-on-quarter, primarily due to cost-cutting measures and a reduction in staff costs. The bank maintained a strong liquidity position with a tier 1 capital ratio of 10.24%, well above regulatory requirements. The pending sale of CAL is expected to improve the bank's capital and liquidity ratios, providing a one-time net gain of ILS307 million. The special bank tax imposed by the Ministry of Finance reduced net income by ILS107 million in Q1 2026. Higher collective provisions and negative CPI impacted the bank's profitability, keeping ROE below previous quarters. The depreciation of the shekel negatively affected dollar-denominated loans, impacting overall credit growth. The bank's net interest margin is under pressure due to ongoing challenges in lending and deposit margins. The military conflict with Iran and subsequent economic uncertainties have led to a more conservative approach in some segments. Q: Costs were strong this quarter, supported by early delivery on debt account reductions. Can you help us understand how much of the targeted FTE savings is still to come, given only part of the exits have been realized so far...

Management attributed strong first-quarter performance to the successful integration of Eastern Michigan Financial Corporation, which bolstered deposit growth and margin stability. The net interest margin increased to 3.55% despite a 67 basis point drop in the 90-day SOFR average, which management cited as evidence of effective matched funding and a lack of asset sensitivity. Loan growth was temporarily constrained by approximately $80 million in elevated payoffs from asset sales and multifamily refinancing into secondary markets, which exceeded historical norms. Asset quality remains a core strategic pillar, with non-performing assets at 11 basis points of total assets and an allowance for credit losses providing nearly 10x coverage of non-performing loans. Fee income growth was driven by a 35% increase in treasury management service charges and double-digit gains in mortgage banking and card offerings, reflecting deeper commercial relationship penetration. Operational efficiency was maintained through disciplined expense management, with occupancy and data processing costs remaining stable as a percentage of net revenue despite expansion investments. Management projects annualized loan growth of 5% to 7% for the remainder of 2026, supported by a commercial loan pipeline currently at 5-quarter highs. The net interest margin is expected to remain stable in the second quarter with steady increases in the second half of the year as low-yielding fixed-rate loans and securities reprice. Guidance assumes no changes in the federal funds rate for the remainder of 2026, though management believes the balance sheet is positioned to remain stable in various rate environments. The bank expects to realize sizable savings following its core and digital banking system conversion next year, though management is still calculating the specific impact on personnel and total expense reductions. Strategic expansion in Southeast Michigan remains a priority, with ongoing investments in personnel expected to drive both asset and liability growth in that market. Reported earnings included $3.2 million in pre-tax one-time costs related to the Eastern Michigan acquisition and the upcoming core system conversion. A negative provision for credit losses of $1.8 million was recorded, primarily due to improved economic forecasts and a lack of net loan growth during the quarter. Other expe...

Image source: The Motley Fool. Tuesday, April 21, 2026 at 10 a.m. ET President — Raymond Reitsma Executive Vice President and Chief Financial Officer — Charles Christmas Raymond Reitsma: Thanks, Nichole. Our results for the first quarter of 2026 continue to build on the theme of commercial expertise generating a strong return profile. The consummation of the purchase of Eastern Michigan on December 31, 2025, represents execution of our strategic objectives around deposit growth, loan growth and margin stability paired with strong asset quality and overall financial performance. We continue to demonstrate top cortile return on asset performance relative to our peers built upon the following traits: Trait #1, a strong and durable net interest margin. Over the last 5 quarters, the SOFR 90-day average rate has dropped 67 basis points while our margin increased by 8 basis points to 3.55%. This illustrates effective execution of our strategic objective to maintain a steady margin by matched funding of our assets and liabilities and refutes the notion that we have an asset-sensitive balance sheet despite the relatively large portion of floating our proportion of floating rate assets. Trait #2, very strong asset quality. Non-performing assets to total assets remain at the low levels typical of our company at 11 basis points of total assets as of March 31, 2026. Non-performing loans to total loans over the past 6.25 years averaged 12 basis points. The allowance for credit losses stands at 1.18% of total loans as of March 31, 2026, nearly 10x NPAs providing very strong coverage relative to past due and non-performing loan levels. These numbers demonstrate our long-term commitment to excellence in underwriting and loan administration. Trade #3, improved on-balance sheet liquidity and loan-to-deposit ratio. At the end of the first quarter of 2026, our own to-deposit ratio stood at 89% compared to 91% on December 31, 2025, and 98% in December 31, 2024, and 110% on December 31, 2023. As of March 31, 2026, our loan -- our deposit mix included 25% and non-interest-bearing deposits and 25% lower cost deposits, unchanged from year-end to 2025, but up from 20% at the end of the third quarter of 2025, which has contributed to the stability of our net interest margin. Our acquisition of Eastern Michigan contributed positively to these measures. Deposit growth for the first quart...

This article first appeared on GuruFocus. Net Income: $22.7 million or $1.32 per diluted share for Q1 2026, compared to $19.5 million or $1.21 per diluted share for Q1 2025. Adjusted Net Income: $25.2 million or $1.46 per diluted share, excluding one-time costs. Net Interest Margin: Increased to 3.55% in Q1 2026 from 3.47% in Q1 2025. Revenue Growth: Net revenue grew 18.1% to $67.6 million in Q1 2026 from $57.3 million in Q1 2025. Deposit Growth: 15.8% increase in deposits in Q1 2026 compared to Q1 2025. Loan Growth: Average loans increased by $199 million to $4.83 billion in Q1 2026. Non-Performing Assets: 11 basis points of total assets as of March 31, 2026. Allowance for Credit Losses: 1.18% of total loans as of March 31, 2026. Service Charges Growth: 35% increase in service charges on accounts in Q1 2026 compared to Q1 2025. Credit and Debit Card Growth: 17.6% increase in Q1 2026 compared to Q1 2025. Mortgage Banking Income: 12.4% growth in Q1 2026 compared to Q1 2025. Return on Average Assets: 1.4% for Q1 2026. Return on Average Equity: 12.5% for Q1 2026. Effective Tax Rate: 16.9% for Q1 2026. Warning! GuruFocus has detected 5 Warning Sign with MBWM. Is MBWM fairly valued? Test your thesis with our free DCF calculator. Release Date: April 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Mercantile Bank Corp (NASDAQ:MBWM) reported a strong return on assets, with a net interest margin increase of 8 basis points to 3.55% despite a drop in the SOFR 90-day average rate. The company demonstrated very strong asset quality, with non-performing assets at only 11 basis points of total assets and a robust allowance for credit losses at 1.18% of total loans. Deposit growth was significant, with a 15.8% increase compared to the first quarter of 2025, supported by the acquisition of Eastern Michigan. The company achieved strong growth in key fee income categories, including a 35% increase in service charges and a 17.6% growth in credit and debit card offerings. Net revenue grew by 18.1% to $67.6 million, driven by higher net interest income and non-interest income, while maintaining well-managed expenses. Loan growth was impacted by an elevated level of loan payoffs, with payoffs from borrower sales of assets and refinancing to secondary markets significantly higher than historical norms. The net interest m...

Mercantile Bank (MBWM) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +9.77%. A quarter ago, it was expected that this holding company for Mercantile Bank of Michigan would post earnings of $1.37 per share when it actually produced earnings of $1.4, delivering a surprise of +2.19%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Mercantile Bank, which belongs to the Zacks Banks - Midwest industry, posted revenues of $67.59 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $57.25 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Mercantile Bank shares have added about 10.7% since the beginning of the year versus the S&P 500's gain of 3.9%. While Mercantile Bank has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Mercantile Bank was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the c...

Growth in net interest income and key fee income categories with ongoing strength in asset quality measures and capital levels highlight the quarter GRAND RAPIDS, Mich., April 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $22.7 million, or $1.32 per diluted share, for the first quarter of 2026, compared with net income of $19.5 million, or $1.21 per diluted share, for the respective prior-year period. Excluding after-tax one-time costs associated with the year-end 2025 acquisition of Eastern Michigan Financial Corporation and previously announced core and digital banking system conversion (a non-GAAP measurement), net income improved to $25.2 million, or $1.46 per diluted share, for the first quarter of 2026. Earnings per diluted share increased $0.25, or approximately 21 percent, in the first quarter of 2026 compared to the first quarter of 2025 using this non-GAAP basis. "Our financial performance remained strong during the first quarter of 2026, further demonstrating our ability to effectively administer the prolonged period of global economic uncertainty and increasing geopolitical tensions," said Ray Reitsma, President and Chief Executive Officer of Mercantile. "The solid operating results reflected increased net interest income, an improved net interest margin, strong growth in treasury management fees, interest rate swap income, mortgage banking income, and payroll services fees, a negative provision for credit losses, robust local deposit growth, and sustained strength in asset quality and capital measures. The strong net growth in local deposits, which occurred despite the typical level of seasonal deposit withdrawals, provided for a further reduction in our loan-to-deposit ratio. The first quarter of 2026 represented the initial period of financial performance that included Eastern Michigan Bank's operating results." First quarter highlights include: Return on average assets of 1.4 percent and return on average equity of 12.5 percent, and 1.5 percent and 14.0 percent, respectively, on a non-GAAP basis Tangible book value per common share of $37.34 as of March 31, 2026, up $0.56, or approximately 2 percent, since December 31, 2025, and $2.92, or over 8 percent, since March 31, 2025 Net revenue expansion of over 18 percent compared to the prior-year first quarter, including net interest inco...

Q1 earnings rose: Mercantile reported net income of $22.7 million ($1.32 per diluted share) and a non‑GAAP result of $25.2 million ($1.46), a roughly 21% year‑over‑year increase driven by higher net interest and non‑interest income and lower provision expense. Margin held up but outlook cautious: Net interest margin improved to 3.55% despite a 67 bp decline in SOFR over five quarters, but management warned that deposit growth outpacing loans is pushing funds into low‑yield Fed balances and could compress margin by an estimated 2–5 bps if payoffs remain elevated. Loan, liquidity and credit trends: average loans rose to $4.83 billion mainly from the Eastern Michigan acquisition, payoffs pressured quarter‑to‑quarter loan growth though management expects 5–7% annualized loan growth and a mid‑single‑digit full‑year target; liquidity includes a securities portfolio of ~16% of assets and strong credit metrics (allowance 1.18%, non‑performing assets 11 bps). Interested in Mercantile Bank Corporation? Here are five stocks we like better. Mercantile Bank (NASDAQ:MBWM) reported higher first-quarter 2026 earnings, with management emphasizing margin stability, strong asset quality, and progress integrating Eastern Michigan Financial Corporation, which it acquired at the end of 2025. Executive Vice President and Chief Financial Officer Chuck Christmas said the company posted net income of $22.7 million, or $1.32 per diluted share, for the first quarter of 2026, up from $19.5 million, or $1.21 per diluted share, in the year-ago period. Christmas attributed the year-over-year improvement to “higher net interest income and non-interest income, combined with lower provision expense,” which “more than offset increased overhead costs.” → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting On a non-GAAP basis excluding after-tax one-time costs tied to the Eastern Michigan acquisition and a previously announced core and digital banking system conversion, Christmas said net income was $25.2 million, or $1.46 per diluted share. Using that measure, he said earnings increased $0.25 per share, or about 21%, versus the first quarter of 2025. President and Chief Executive Officer Raymond Reitsma highlighted what he called a “strong and durable net interest margin,” noting that over the last five quarters the SOFR 90-day average rate declined 67 basis points while Mercantile’...

For the quarter ended March 2026, Mercantile Bank (MBWM) reported revenue of $67.59 million, up 18.1% over the same period last year. EPS came in at $1.46, compared to $1.21 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $67.57 million, representing a surprise of +0.03%. The company delivered an EPS surprise of +9.77%, with the consensus EPS estimate being $1.33. 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: 62.3% versus 56.3% estimated by three analysts on average. Net interest margin (fully tax-equivalent): 3.6% versus 3.6% estimated by three analysts on average. Net loan charge-offs (recoveries) to average loans: -0% compared to the 0.1% average estimate based on two analysts. Average Balances - Total earning assets (before allowance): $6.42 billion versus the two-analyst average estimate of $6.44 billion. Total Noninterest Income: $11.69 million versus the three-analyst average estimate of $10.75 million. Net Interest Income: $55.9 million versus the three-analyst average estimate of $56.76 million. Payroll services: $1.09 million versus $0.98 million estimated by two analysts on average. Interest rate swap income: $0.66 million compared to the $0.33 million average estimate based on two analysts. Credit and debit card income: $2.59 million versus the two-analyst average estimate of $2.31 million. Earnings on bank owned life insurance: $0.67 million compared to the $0.69 million average estimate based on two analysts. Mortgage banking income: $2.98 million versus the two-analyst average estimate of $2.98 million. Other income: $1.21 million versus $1.03 million estimated by two analysts on average. View all Key Company Metrics for Mercantile Bank here>>> Shares of Mercantile Bank have returned +5.9% over the past month ve...

Mercantile Bank (MBWM) reported Q1 earnings Tuesday of $1.32 per diluted share, up from $1.21 a year