Mercantile Bank Corporation reported net income of USD 22.8 million, or USD 1.40 per diluted share, for the fourth quarter (Q4) of 2025. For the full year (FY) 2025, net income was USD 88.8 million, or USD 5.47 per diluted share. As of December 31, 2025, total cash and cash equivalents stood at USD 473.3 million, and securities available for sale totaled USD 1.1 billion. Shareholders’ equity was USD 671.0 million at the end of the period.
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