Mercantile Bank quarterly financials
As reported to the FDIC. Dollar values are period-end balances. Net income is for the single quarter, derived from the FDIC's year-to-date figures by subtracting the prior quarter's report. Ratios (ROA, ROE, NIM) are FDIC-computed annualized year-to-date values.
| Quarter | Assets | Deposits | Net loans | Equity | Net income | ROA | ROE | NIM | Noncurrent |
|---|---|---|---|---|---|---|---|---|---|
| Q1 2026 | $6.4B | $5.0B | $4.6B | $726M | $24M | 1.51% | 13.13% | 3.51% | 0.15% |
| Q4 2025 | $6.2B | $4.9B | $4.6B | $726M | $25M | 1.61% | 13.86% | 3.62% | 0.15% |
| Q3 2025 | $6.2B | $4.8B | $4.6B | $736M | $27M | 1.62% | 13.93% | 3.62% | 0.21% |
| Q2 2025 | $6.1B | $4.7B | $4.7B | $716M | $25M | 1.57% | 13.57% | 3.58% | 0.21% |
| Q1 2025 | $6.1B | $4.7B | $4.6B | $697M | $22M | 1.48% | 12.87% | 3.56% | 0.12% |
| Q4 2024 | $6.0B | $4.7B | $4.6B | $686M | $21M | 1.59% | 13.62% | 3.77% | 0.12% |
| Q3 2024 | $5.9B | $4.5B | $4.5B | $686M | $22M | 1.64% | 13.98% | 3.82% | 0.22% |
| Q2 2024 | $5.5B | $4.2B | $4.4B | $653M | $22M | 1.69% | 14.35% | 3.87% | 0.20% |
| Q1 2024 | $5.4B | $4.0B | $4.3B | $639M | $24M | 1.81% | 15.36% | 3.93% | 0.14% |
| Q4 2023 | $5.3B | $3.9B | $4.3B | $625M | $22M | 1.82% | 15.91% | 4.25% | 0.08% |
| Q3 2023 | $5.2B | $3.9B | $4.1B | $586M | $24M | 1.86% | 16.38% | 4.29% | 0.14% |
| Q2 2023 | $5.1B | $3.8B | $4.0B | $581M | $23M | 1.88% | 16.47% | 4.32% | 0.05% |
Transcribed from FDIC BankFind Suite quarterly financial data (Call Report-derived). Income in Call Reports is filed year-to-date; per-quarter net income shown here is the difference between consecutive reports within the same year. NIM = net interest margin; “Noncurrent” = noncurrent loans as a share of total loans. These figures describe reported financials only and are not a safety rating or a prediction about the institution.