Mercantile Bank Q2 2026 EPS $1.50 vs $1.39 YoY; NIM 3.59%; commercial loans up 11.7% annualized

MERCANTILE BANK CORP

Net income $25.9M ($1.50 diluted EPS) vs $22.6M ($1.39) in Q2 2025; adjusted EPS $1.53.
Net interest income $57.3M (+15.7% YoY); net interest margin 3.59% vs 3.48%.
Commercial loan growth $115M (annualized 11.7%) in Q2; total loans up $98.9M.
Nonperforming assets fell to $5.8M (0.1% of assets) from $7.9M at Dec 31, 2025.
Announced increased Q3 2026 cash dividend; tangible book value $38.42 per share.

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