Revenue: As of FY2025 Q3, the actual value is USD 96.03 M.EPS: As of FY2025 Q3, the actual value is USD 1.46, beating the estimate of USD 1.378.EBIT: As of FY2025 Q3, the actual value is USD -24.56 M.<h3>Segment Revenue and Operational Metrics</h3><ul><li>Commercial and Industrial Loans: The balance increased by 3.9% from $1,287,308 thousand at December 31, 2024, to $1,337,729 thousand at September 30, 2025.</li><li>Vacant Land, Land Development, and Residential Construction Loans: The balance increased by 5.8% from $66,936 thousand to $70,806 thousand.</li><li>Real Estate - Owner Occupied Loans: The balance decreased by 2.6% from $748,837 thousand to $729,451 thousand.</li><li>Real Estate - Non-Owner Occupied Loans: The balance decreased by 3.3% from $1,128,404 thousand to $1,091,210 thousand.</li><li>Real Estate - Multi-Family and Residential Rental Loans: The balance increased by 9.5% from $475,819 thousand to $521,111 thousand.</li><li>1-4 Family Mortgages: The balance decreased by 5.6% from $827,597 thousand to $780,917 thousand.</li><li>Other Consumer Loans: The balance increased by 27.4% from $65,880 thousand to $83,936 thousand.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash from Operating Activities: $12,324 thousand for the nine months ended September 30, 2025, compared to $41,260 thousand for the same period in 2024.</li><li>Net Cash for Investing Activities: -$113,660 thousand for the nine months ended September 30, 2025, compared to -$322,475 thousand for the same period in 2024.</li><li>Net Cash from Financing Activities: $185,345 thousand for the nine months ended September 30, 2025, compared to $479,228 thousand for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Nonaccrual Loans: Total nonaccrual loans were $9,844 thousand as of September 30, 2025, compared to $5,742 thousand as of December 31, 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to merge with Eastern Michigan Financial Corporation, with the merger expected to close in the fourth quarter of 2025. The newly acquired Eastern Michigan Bank will operate alongside Mercantile Bank until the first quarter of 2027, at which time it will be consolidated into Mercantile Bank.</li><li>Non-Core Business: No specific plans related to divestitures or emerging segments were mentioned in the report.</li></ul>

Mercantile Bank | 10-Q: FY2025 Q3 Revenue: USD 96.03 M