Capital Measures

Mercantile Bank Corporation reported strong Q3 2025 financial results, with net income reaching $23.8 million ($1.46 per diluted share), up from $19.6 million last year. Year-to-date net income totaled $65.9 million ($4.06 per diluted share). Performance was driven by net interest income expansion, growth in noninterest income, a lower tax rate, and solid deposit growth. Asset quality remained strong, and the loan-to-deposit ratio decreased. Tangible book value per common share increased to $37.41. The company also announced a planned partnership with Eastern Michigan Financial Corporation.