Compared to Estimates, Mercantile Bank (MBWM) Q3 Earnings: A Look at Key Metrics

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.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mercantile Bank Corporation (MBWM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks