What is Mercantile Bank Corporation's revenue?

Mercantile Bank Corporation (MBWM) generated $253.0M in revenue over the trailing twelve months, up 9.8% year over year.

Is Mercantile Bank Corporation profitable?

Mercantile Bank Corporation reported $91.9M in net income over the trailing twelve months, a 36.3% net margin.

What is Mercantile Bank Corporation's earnings per share?

Mercantile Bank Corporation's diluted EPS over the trailing twelve months is $5.58.

Where does Mercantile Bank Corporation's income statement data come from?

Every line is extracted from Mercantile Bank Corporation's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Mercantile Bank Corporation MBWM Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Net interest income after provision for credit losses	$197.84M+7.7%	$183.69M-1.2%	$185.84M—	——
Total interest income	$330.19M+2.7%	$321.5M+18.5%	$271.36M—	——
Total revenue	$242.65M+4.8%	$231.47M+2.6%	$225.69M—	——
Total interest expense (banking)	$102.51M+1.1%	$101.4M+82.9%	$55.44M—	——
Advertising	$1.66M+3.7%	$1.6M+2.5%	$1.57M—	——
Depreciation and amortization	$5.8M-44.8%	$10.51M-8.6%	$11.5M—	——
Provision for credit losses	——	$7.4M-3.9%	$7.7M+17.6%	$6.55M+215%
Acquisition and integration costs	$1.82M—	——	$0—	——
Other operating expenses	$18.39M+15.4%	$15.93M-10.4%	$17.77M—	——
Interest income	$291.09M-0.3%	$291.92M+15.7%	$252.39M—	——
Other income (expense), net	——	——	——	——
Gain (loss) on disposal of assets	——	-$13K—	——	——
Income tax expense	$14.74M-21.1%	$18.69M-8.7%	$20.48M—	——
Net income	$88.75M+11.5%	$79.59M-3.2%	$82.22M+34.6%	$61.06M+3.5%
Net margin	36.6%+2.2pp	34.4%-2.0pp	36.4%—	——
Accretion Of Acquired Loans	——	——	——	——
Pre-tax stock-based compensation cost	——	——	——	——
Amortization of capitalized software and acquired intangible assets	——	——	——	——
Bank Owned Life Insurance Income	$3.29M+28.9%	$2.56M+70.2%	$1.5M-10.5%	$1.68M+44.2%
Business Combination, Integration-Related Cost, Expense	$1.82M—	——	$0—	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	$84.01M—	——	——	——
Core Conversion Costs	——	——	——	——
Federal	$2.09M+625%	-$397K+80.5%	-$2.04M-50.5%	-$1.35M-167%
Depreciation, Amortization and Accretion, Net	$5.8M-44.8%	$10.51M-8.6%	$11.5M-11.2%	$12.95M-5.4%
Effective tax rates	$0.14-25.3%	$0.19-4.5%	$0.2—	——
Income taxes at U.S. statutory rate of 21%	——	——	——	——
Effective Income Tax Rate Reconciliation Bank Owned Life Insurance Percent	——	——	——	——
Effective Income Tax Rate Reconciliation Discount Of Purchased Tax Credits	-$3.53M—	——	——	——
Effective Income Tax Rate Reconciliation Discount Of Purchased Tax Credits Percent	——	——	——	——
Nontaxable or nondeductible items	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Credits Amount	-$1.93M-625%	-$266K-1,208%	$24K—	——
Effective Income Tax Rate Reconciliation Tax Credits Percent	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Exempt Income	——	——	——	——
Effective Income Tax Reconciliation Bank Owned Life Insurance	$683K+29.1%	$529K+74.6%	$303K—	——
Fees And Commissions Mortgage Banking And Servicing	$13.02M+5.8%	$12.3M+62.0%	$7.6M—	——
Financing Receivable Allowance For Credit Loss Period Increase Decrease From Forecast Changes	——	——	-$2M—	——
Allowance for credit losses for acquired credit deteriorated receivables	$105K—	——	——	——
Financing Receivable Allowance For Credit Loss Purchased Seasoned Loans Increase	$2.29M—	——	——	——
Recoveries	$1.25M+28.4%	$977K+17.6%	$831K—	——
Recognized interest income	$1M—	——	——	——
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	——	——	——	——
Financing Receivable Revolving Converted To Term Loan During Period	——	$9.1M+42.2%	$6.4M—	——
Financing Receivable Revolving Term Loan Writeoff	$3.09M-18.9%	$3.82M—	——	——
Financing Receivable, Revolving, Writeoff	$21K+5.0%	$20K—	——	——
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	——	$3.74M—	——	——
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	——	——	——	——
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	$20K+100%	$10K—	——	——
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	$2.98M+15,558%	$19K—	——	——
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	$13K—	——	——	——
Gain Loss On Sale Of Mortgage Loans	$12.59M+6.7%	$11.8M+80.6%	$6.53M—	——
Gain Loss On Sale Of Property Plant Equipment	——	-$13K—	——	$36K—
Nontaxable or Nondeductible items	$538K+123%	$241K+13.1%	$213K—	——
Income Taxes Paid, Net	$44.84M—	——	——	——
Increase Decrease In Accrued Interest Receivable Net	——	——	——	$6.17M—
Increase in accrued expenses and other liabilities	-$23.96M—	——	——	$32.52M+5,846%
Increase (Decrease) in Deposits	——	——	——	——
Increase (Decrease) in Finance Receivables	——	——	——	——
Net increase in all other deposits	$106.14M-83.4%	$637.72M—	——	-$313.19M-139%
Increase (Decrease) in Prepaid Expense and Other Assets	$59.1M+129%	$25.8M-14.5%	$30.19M+6,808%	$437K-97.4%
Increase (Decrease) in Time Deposits	——	$159.73M-62.2%	$422.78M—	——
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights	——	——	——	——
Interest Expense Deferred Compensation Plan	$100K0.0%	$100K0.0%	$100K—	——
Interest Paid, Excluding Capitalized Interest, Operating Activity	$129.43M+0.2%	$129.23M+79.4%	$72.02M+231%	$21.77M+6.9%
(Amortization) accretion on investments	——	——	——	——
Issuance Of Stock And Warrants For Services Or Claims	$444K—	——	$350K—	——
Loss On Sale Of Mortgage Loans	$0-100%	$112K—	$0—	$0—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	——	$586.8M+61.6%	$363.08M+182%	-$443.25M-157%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	——	-$425.44M-7.5%	-$395.93M+28.7%	-$555M-3.0%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$17.97M-83.5%	$109.21M—	——	$119.86M+77.4%
Number of operating segments	——	——	——	——
Number of reportable segments	——	——	——	——
Occupancy and Related Charges	$1.6M0.0%	$1.6M-20.0%	$2M+53.8%	$1.3M—
Payments For Origination Of Mortgage Loans Held For Sale	$423.87M+14.5%	$370.2M+80.8%	$204.73M-5.7%	$217.03M-66.6%
Payments For Proceeds From Loans And Leases	——	$309.83M-20.0%	$387.28M-16.2%	$462.43M—
Payments for (Proceeds from) Productive Assets	$6.76M-20.7%	$8.53M+27.6%	$6.69M—	——
Payments of Ordinary Dividends, Common Stock	$23.95M+6.6%	$22.47M+7.0%	$21M+7.2%	$19.6M+5.8%
Payments to Acquire Debt Securities, Available-for-Sale	$203.37M+17.1%	$173.62M+771%	$19.94M-81.4%	$107.01M-64.2%
Payments to Acquire Businesses, Net of Cash Acquired	-$53.57M—	$0—	$0—	——
Payments To Acquire Federal Reserve Stock	——	——	——	——
Percentage Of Increase Decrease In Domestic Time Deposits	——	——	——	——
Short-term Federal Home Loan Bank borrowings	——	——	$240M—	——
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan	$772K-4.7%	$810K-9.1%	$891K+2.8%	$867K-1.1%
Proceeds from Life Insurance Policy	$2.79M—	——	$0-100%	$628K—
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	$67.32M+9.0%	$61.78M+156%	$24.14M+34.2%	$17.98M-77.6%
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase	——	-$108.21M—	——	——
Residential mortgage loan sales	$435.12M+13.1%	$384.78M+96.1%	$196.22M-17.5%	$237.78M-65.4%
Proceeds From Sale Of Mortgage Loans Investing Activities	$0-100%	$9.84M—	$0—	$0—
Proceeds from issuance of common stock relating to employee stock plans	$128K+156%	$50K+11.1%	$45K0.0%	$45K-6.3%
Total provisions for credit losses	——	$7.4M-3.9%	$7.7M—	——
Payments of FHLBank Borrowings, Financing Activities	$80.86M-11.0%	$90.83M+13.0%	$80.35M-14.5%	$94M+370%
Stock-based compensation	$3.47M+4.7%	$3.32M-2.0%	$3.38M+0.2%	$3.38M-10.8%
Acquisition of Marathon Oil	——	——	——	——
Dividend reinvestment plan issuances (in shares)	30K-14.8%	35.2K-27.6%	48.6K—	——
Employee Stock Purchase Plan, number of shares purchased by employees	4.6K+124%	2.1K-21.1%	2.6K—	——
Stock Issued During Period Shares Issued For Services	20K—	——	——	——
Change in fair value of interest rate swap	——	$203K—	——	——

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Questions, answered.

What is Mercantile Bank Corporation's revenue?: Mercantile Bank Corporation (MBWM) generated $253.0M in revenue over the trailing twelve months, up 9.8% year over year.
Is Mercantile Bank Corporation profitable?: Mercantile Bank Corporation reported $91.9M in net income over the trailing twelve months, a 36.3% net margin.
What is Mercantile Bank Corporation's earnings per share?: Mercantile Bank Corporation's diluted EPS over the trailing twelve months is $5.58.
Where does Mercantile Bank Corporation's income statement data come from?: Every line is extracted from Mercantile Bank Corporation's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.