{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-032974","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2026-10-20T13:00:18+00:00","discovered_at":"2026-10-20T13:01:00.329834+00:00","generated_at":"2026-10-20T13:01:17.744500+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Mercantile Q3 net income rises to $24.1M but diluted EPS falls to $1.39 from $1.46","bullets":["Net income $24.1M, or $1.39 per diluted share, vs $23.8M/$1.46 a year ago; adjusted EPS $1.42 vs $1.50. Nine-month adjusted EPS $4.41, up 7.8% YoY.","Net revenue $73.2M, up 17.3%; net interest income $60.9M (+17.1%); NIM 3.73% vs 3.49%; noninterest income $12.3M (+18.4%) on ~28% higher treasury management fees.","Noninterest expense $43.6M vs $34.8M, including $4.1M from Eastern Michigan Bank; Q3 conversion costs $0.4M, acquisition costs $0.2M; provision $0.7M vs $0.2M.","Deposits $5.61B; local deposits up $438M (11.4% annualized) in first nine months, brokered deposits down $110M to $20.1M; loan-to-deposit ratio 88.3% vs 91.2% at year-end 2025.","NPAs $9.8M (0.1% of assets); net recoveries $0.3M; tangible book value $37.81/share, up nearly 4% annualized; Mercantile Bank risk-based capital 13.4%; system conversion set for Q1 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-032974","json":"https://secwatch.observer/filing/0001437749-26-032974.json","markdown":"https://secwatch.observer/filing/0001437749-26-032974.md","text":"https://secwatch.observer/filing/0001437749-26-032974.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774926032974/0001437749-26-032974-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774926032974/mbwm20260827_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-20T13:01:17.744500+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}