Mercantile Bank Corporation (MBWM) reported third-quarter 2026 net income of $24.1 million, or $1.39 per diluted share, compared with $23.8 million, or $1.46 per diluted share, a year earlier. Net revenue increased 17.3% to $73.2 million.
Net interest income rose 17.1% to $60.9 million, while noninterest income increased 18.4% to $12.3 million. Total assets were $7.16 billion and total deposits were $5.61 billion as of September 30, 2026.
- Net interest margin was 3.73%, versus 3.49% in the prior-year quarter.
- Noninterest expense totaled $43.6 million, compared with $34.8 million a year earlier.
- Local deposits grew $438 million during the first nine months of 2026, while brokered deposits decreased $110 million.
- The loan-to-deposit ratio was 88.3% as of September 30, down from 91.2% at December 31, 2025.
- Net income for the first nine months of 2026 was $72.7 million, or $4.21 per diluted share.
$MBWM Hedge Fund Activity
We have seen 100 institutional investors add shares of $MBWM stock to their portfolio, and 79 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 145,678 shares (+10.5%) to their portfolio in Q2 2026, for an estimated $8,364,830
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 144,188 shares (+inf%) to their portfolio in Q2 2026, for an estimated $8,279,274
- JPMORGAN CHASE & CO added 140,097 shares (+inf%) to their portfolio in Q2 2026, for an estimated $8,044,369
- PROSHARE ADVISORS LLC removed 125,631 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $7,213,732
- WELLINGTON MANAGEMENT GROUP LLP removed 101,033 shares (-8.5%) from their portfolio in Q2 2026, for an estimated $5,801,314
- RHINO INVESTMENT PARTNERS, INC added 93,925 shares (+inf%) to their portfolio in Q2 2026, for an estimated $5,393,173
- BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 85,297 shares (-67.6%) from their portfolio in Q2 2026, for an estimated $4,897,753
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
