NASDAQ$MBWM
Mercantile Bank Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong third quarter results driven by core commercial loan originations and solid operating performance.
Mercantile Bank Corporation reported a strong third quarter with net income of $15.1 million, up 40.8% year-over-year. The bank experienced growth in core commercial loans, residential mortgage loans, and key fee income categories, while maintaining strong asset quality metrics.
- Experienced strong growth in core commercial loans and residential mortgage loans.
- Maintained strength in commercial loan and residential mortgage loan pipelines.
- Showed ongoing strength in asset quality metrics.
- Achieved solid earnings and capital position.
Headline financials
Revenue & EPS history
Mercantile Bank · Revenue · Quarterly
$46.7M
Revenue by segment
Mercantile Bank · $14.3M total across 1 segment · Q4 2020
- Mortgage banking$14.3M+95.9%100.0%
Forward guidance
Mercantile believes core commercial loan originations will remain robust during the fourth quarter and into 2022 based on their current loan pipeline.
Tailwinds
- Growth in core commercial loans and residential mortgage loans
- Sustained strength in commercial loan and residential mortgage loan pipelines
- Ongoing strength in asset quality metrics
- Solid earnings and capital position
- Growth in key fee income categories
Headwinds
- Excess liquidity impacting yield on earning assets and net interest margin
- Lower yield on securities due to declining interest rate environment
- Increased health insurance costs due to higher level of claims
- Increased FDIC deposit insurance premiums
- Potential impact of COVID-19 pandemic on the economy
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 Q3 2021
+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% | — | — |
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