Mercantile Bank Corp. (MBWM)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
$62.14+0.66%
Close 2026-09-04 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
QuarterlyIQ Insights · MBWM
Income statement, balance sheet, and cash flow — annual and quarterly history, as reported.
Figures in millions of USD, except per-share and ratios.
| TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||
| Revenues | 340.0 | 330.2 | 321.5 | 271.4 | 181.8 | 143.5 | 148.3 | 158.3 | 142.0 | 125.5 | 118.5 | 112.3 | 89.1 | 58.2 | 59.9 | 71.1 |
| Total Revenues | 340.0 | 330.2 | 321.5 | 271.4 | 181.8 | 143.5 | 148.3 | 158.3 | 142.0 | 125.5 | 118.5 | 112.3 | 89.1 | 58.2 | 59.9 | 71.1 |
| Operating Expenses & Income | ||||||||||||||||
| Operating Income | — | — | — | 102.7 | 75.8 | 73.7 | 54.8 | 60.5 | 51.8 | 46.1 | 46.9 | 38.8 | 25.2 | 25.1 | 18.2 | 10.1 |
| Earnings from Continuing Operations | ||||||||||||||||
| Interest Expense | — | — | — | 77.8 | 23.6 | 19.4 | 26.1 | 33.8 | 21.9 | 15.8 | 12.6 | 11.2 | 11.3 | 10.8 | 13.2 | 19.8 |
| EBT, Incl. Unusual Items | 111.9 | 103.5 | 98.3 | 102.7 | 75.8 | 73.7 | 54.8 | 60.5 | 51.8 | 46.1 | 46.9 | 38.8 | 25.2 | 25.1 | 18.2 | 10.1 |
| Income Tax Expense | 16.7 | 14.7 | 18.7 | 20.5 | 14.7 | 14.7 | 10.7 | 11.0 | 9.8 | 14.8 | 15.0 | 11.8 | 7.9 | 8.1 | 5.6 | — |
| Net Income | ||||||||||||||||
| Net Income | 95.2 | 88.8 | 79.6 | 82.2 | 61.1 | 59.0 | 44.1 | 49.5 | 42.0 | 31.3 | 31.9 | 27.0 | 17.3 | 17.0 | 12.5 | 37.5 |
| Per Share | ||||||||||||||||
| Basic EPS | 5.51 | 5.47 | 4.93 | 5.13 | 3.85 | 3.69 | 2.71 | 3.01 | 2.53 | 1.90 | 1.96 | 1.63 | 1.28 | 1.96 | 1.33 | 4.20 |
| Diluted EPS | 5.51 | 5.47 | 4.93 | 5.13 | 3.85 | 3.69 | 2.71 | 3.01 | 2.53 | 1.90 | 1.96 | 1.62 | 1.28 | 1.95 | 1.30 | 4.07 |
| Revenue per Share | 19.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Basic Weighted Avg Shares | 17.3 | 16.2 | 16.1 | 16.0 | 15.9 | 16.0 | 16.3 | 16.4 | 16.6 | 16.5 | 16.3 | 16.6 | 13.5 | 8.7 | 8.6 | — |
| Diluted Weighted Avg Shares | 17.3 | — | 16.1 | 16.0 | 15.9 | 16.0 | 16.3 | 16.4 | 16.6 | 16.5 | 16.3 | 16.6 | 13.5 | 8.7 | 8.8 | — |
| Supplemental | ||||||||||||||||
| EBITDA | — | — | — | 114.2 | 88.7 | 87.4 | 64.3 | 70.0 | 61.6 | 56.4 | 56.5 | 50.5 | 32.8 | 27.3 | 20.4 | 12.3 |
| EBIT | — | — | — | 102.7 | 75.8 | 73.7 | 54.8 | 60.5 | 51.8 | 46.1 | 46.9 | 38.8 | 25.2 | 25.1 | 18.2 | 10.1 |
| Effective Tax Rate | 15.0% | — | — | 19.9% | 19.4% | 19.9% | 19.5% | 18.2% | 18.9% | 32.1% | 31.9% | 30.4% | 31.2% | 32.2% | 31.0% | — |
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.