Loan losses (actual) of Mercantile Bank Corporation – NASDAQ:MBWM

MERCANTILE BANK CORP (MBWM) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex_972194.htm EXHIBIT 99.1 ex_972194.htm Exhibit 99.1 Mercantile Bank Corporation Announces Strong Second Quarter 2026 Results Net interest income expansion, strong commercial loan growth, and sustained strength in asset quality metrics and capital levels highlight the

Mercantile Bank Corporation (NASDAQ: MBWM) reported Q2 2026 net income of $25.9 million, or $1.50 per diluted share, up from $22.6 million, or $1.39, in Q2 2025. Net revenue rose to $68.8 million. The company cited higher net interest income, improved net interest margin (3.59%), negative credit-loss provision, and stronger capital and asset quality.

Baird upgraded Deere & Company (DE) to Outperform, raising its price target to $800 from $640. The firm expects DE to benefit from a recovery in North American agricultural demand, with potential earnings of $25 per share in 2027 and mid-$30s in 2028. However, DE faces challenges like declining farm income, tariffs, and cautious capital spending.

Anduril Industries received a $65 million U.S. Army contract for mobile intelligence systems, part of a $192 million award shared with Palantir Technologies. The order includes hardware and mission shelters for eight systems, with production at Anduril’s Costa Mesa facility. Palantir USG Inc. is the program team lead. Anduril will provide four TITAN Advanced and four TITAN Basic systems, designed to process real-time data in the field.

Hershey named Dave Hulays as its new CFO, replacing Steve Voskuil, who will focus on strategic projects and retire in 2027. Hulays, a 12-year Hershey veteran, previously held finance roles at P&G. The company reported strong Q2 results and is expanding its snack offerings.

NextEra Energy plans to build the $13B East Riverside Energy Center in Fayette County, Pennsylvania, with a 2030-2032 completion target. The project, backed by U.S. and Japanese governments, will create 2,000 construction jobs and 100 permanent roles, adding 3,750 MW to the PJM grid. The site is a reclaimed coal mine, and NextEra was selected for its expertise in natural gas plants.