NASDAQ$MBWM
Mercantile Bank Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported solid operating performance with robust loan growth and sustained strength in asset quality metrics.
Mercantile Bank Corporation reported a net income of $11.7 million, or $0.74 per diluted share, for the second quarter of 2022. The results reflect growth in core commercial and residential mortgage loans, an increase in net interest income, and growth in key fee income revenue streams, which offset a decrease in mortgage banking income.
- Annualized net core commercial loan growth of approximately 10 percent.
- Significant increase in residential mortgage loan portfolio.
- Net interest income expansion reflecting loan growth and improved net interest margin.
- Sustained low levels of nonperforming assets and loan charge-offs.
Headline financials
Revenue & EPS history
Mercantile Bank · Revenue · Quarterly
$42.1M
Revenue by segment
Mercantile Bank · $14.3M total across 1 segment · Q4 2020
- Mortgage banking$14.3M+95.9%100.0%
Forward guidance
Mercantile anticipates that its balance sheet structure will enhance the net interest margin if the FOMC continues to raise the targeted federal funds rate. Mercantile expects strong operating results can be achieved during the remainder of the year and beyond as Mercantile continues its efforts to be a consistent and profitable performer.
Tailwinds
- Potential to enhance net interest income from likely additional FOMC rate increases.
- Robust overall financial condition, including solid capital levels.
- Pristine asset quality metrics.
- Strong operating performance.
- Significant loan funding opportunities.
Headwinds
- Potential negative impacts from a downturn in economic conditions.
- High levels of inflation.
- Supply chain disruptions.
- Tight labor market conditions.
- Decline in mortgage banking income stemming from changed market conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.8%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+2.9%
Avg return
30 days after
55%
36 / 66 earnings
Positive
+15.7%
Q2 2023
Best reaction
-12.5%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.7% | -5.0% | -1.5% | |
| Q4 2025 | +0.8% | +1.8% | +6.8% | |
| Q3 2025 | +0.6% | +2.1% | -1.2% | |
| Q2 2025 | -0.0% | -0.4% | +1.2% | |
| Q1 2025 | +3.5% | +3.9% | +10.0% | |
| Q4 2024 | +9.7% | +11.3% | +9.6% | |
| Q3 2024 | +7.0% | +4.6% | +13.9% | |
| Q2 2024 | +12.2% | +8.7% | -2.8% | |
| Q1 2024 | -5.2% | +1.7% | +12.7% | |
| Q4 2023 | +0.4% | +3.2% | +2.9% | |
| Q3 2023 | +5.2% | +2.1% | +17.2% | |
| Q2 2023 | +15.7% | +14.8% | +14.6% | |
| Q1 2023 | -2.2% | -2.5% | -10.2% | |
| Q4 2022 | -5.3% | -4.9% | -1.0% | |
| Q3 2022 | +2.4% | -0.1% | +6.7% | |
| Q2 2022 | +5.0% | +4.7% | +14.2% | |
| Q1 2022 | +1.5% | -2.7% | -12.2% | |
| Q4 2021 | +3.3% | +1.4% | -0.3% | |
| Q3 2021 | +5.9% | +5.6% | +8.5% | |
| Q2 2021 | +5.4% | +5.8% | +6.9% | |
| Q1 2021 | -2.3% | -0.6% | -1.7% | |
| Q4 2020 | -0.2% | +2.0% | +0.9% | |
| Q3 2020 | +4.7% | +13.5% | +12.3% | |
| Q2 2020 | +4.9% | +6.9% | +0.4% | |
| Q1 2020 | -2.8% | -0.4% | -2.1% | |
| Q4 2019 | -1.8% | -4.0% | -7.2% | |
| Q3 2019 | +5.9% | +6.1% | +8.2% | |
| Q2 2019 | -0.1% | +0.3% | -2.6% | |
| Q1 2019 | +0.1% | -0.9% | -1.3% | |
| Q4 2018 | +6.0% | +6.8% | +10.0% | |
| Q3 2018 | -0.3% | -3.5% | -0.1% | |
| Q2 2018 | -2.9% | -2.3% | -4.3% | |
| Q1 2018 | +2.0% | +2.5% | +4.2% | |
| Q4 2017 | -2.7% | -2.6% | -7.3% | |
| Q3 2017 | +6.0% | +5.2% | -0.5% | |
| Q2 2017 | +0.3% | -0.3% | -4.5% | |
| Q1 2017 | +0.5% | +2.8% | -4.0% | |
| Q4 2016 | -9.0% | -10.5% | -9.0% | |
| Q3 2016 | +3.8% | +3.5% | +23.8% | |
| Q2 2016 | -0.0% | -0.2% | +3.3% | |
| Q1 2016 | +12.0% | — | — | |
| Q4 2015 | -0.9% | — | — | |
| Q3 2015 | -0.0% | — | — | |
| Q2 2015 | -3.7% | — | — | |
| Q1 2015 | +1.0% | — | — | |
| Q4 2014 | -5.5% | — | — | |
| Q3 2014 | -1.6% | — | — | |
| Q2 2014 | -3.1% | — | — | |
| Q1 2014 | -4.2% | — | — | |
| Q4 2013 | +6.4% | — | — | |
| Q3 2013 | +4.6% | — | — | |
| Q2 2013 | +2.8% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q1 2010 | -2.7% | — | — | |
| Q4 2012 | +0.4% | — | — | |
| Q3 2012 | -4.8% | — | — | |
| Q2 2012 | -0.3% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q4 2009 | -1.3% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q4 2010 | -1.3% | — | — | |
| Q3 2011 | +2.4% | — | — | |
| Q3 2010 | +2.4% | — | — | |
| Q2 2010 | -12.5% | — | — | |
| Q2 2011 | -12.5% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro