Mercantile Bank GAAP EPS of $1.46 beats by $0.08, revenue of $62.4M beats by $1M

* Mercantile Bank press release [https://seekingalpha.com/pr/20272801-mercantile-bank-corporation-announces-strong-third-quarter-2025-results] (NASDAQ:MBWM [https://seekingalpha.com/symbol/MBWM]): Q3 GAAP EPS of $1.46 beats by $0.08.
* Revenue of $62.4M (+7.7% Y/Y) beats by $1M.
* Return on average assets of 1.50 percent and return on average equity of 14.72 percent.
* Tangible book value per common share of $37.41 as of September 30, 2025, up $4.27, or approximately 13 percent, since year-end 2024.
* Mercantile recorded provisions for credit losses of $0.2 million and $1.1 million during the third quarters of 2025 and 2024, respectively.
* Total deposits equaled $4.81 billion as of September 30, 2025, compared to $4.70 billion as of December 31, 2024.

MORE ON MERCANTILE BANK

* Mercantile Bank: With A LTD Ratio Of 100%, The Focus Is On The Securities Portfolio [https://seekingalpha.com/article/4804484-mercantile-bank-with-a-ltd-ratio-of-100-percent-the-focus-is-on-the-securities-portfolio]
* Seeking Alpha’s Quant Rating on Mercantile Bank [https://seekingalpha.com/symbol/MBWM/ratings/quant-ratings]
* Historical earnings data for Mercantile Bank [https://seekingalpha.com/symbol/MBWM/earnings]
* Dividend scorecard for Mercantile Bank [https://seekingalpha.com/symbol/MBWM/dividends/scorecard]
* Financial information for Mercantile Bank [https://seekingalpha.com/symbol/MBWM/income-statement]