Mercantile Bank Corporation (MBWM) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Our agenda will begin with prepared remarks by both Ray and Chuck, and will include references to our presentation covering this quarter's results. You can access the... After our prepared remarks, we will then open the call to your questions. Before we begin, it is my responsibility to inform you that this call may involve certain forward-looking statements such as projections of revenue, earnings, and capital structure, as well as statements on the plans and objectives of the company's business. The company's actual results could differ materially from any forward-looking statements made today due to factors described in the company's latest Securities and Exchange Commission's filings. The company assumes no obligation to update any forward-looking statements made during the call. Let's begin, Ray. Thanks, Nicole. Our results for 2025 continue to build on the theme of commercial expertise, generating a strong return profile. The consummation of our purchase of Eastern Michigan Bank on December 31st, 2025 represents execution of our strategic objectives around deposit and loan growth and margin stability, paired with strong asset quality and overall financial performance. We continue to demonstrate top quartile ROA performance relative to our peers, built upon the following trails. Trade number one, strong and durable net interest margin. Over the last five quarters, the SOFR 90-day average rate has dropped 68 basis points, while our margin increased by two basis points to 3.43%. This illustrates effective execution of our strategic objective to maintain a steady margin by match funding our assets and liabilities and refutes the notion that we have an asset-sensitive balance sheet, despite the relatively large portion of floating rate assets. Trade number two, very...