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Income Tax at other companies

Fifth Third Bank logo
Fifth Third BankFITB
$235M+30.6%
Huntington Bancshares logo
Huntington BancsharesHBAN
$165M+71.9%
Western New England Bancorp logo
Western New England BancorpWNEB
$1.21M-15.3%
Ameris Bancorp logo
Ameris BancorpABCB
$14.6M-55.6%
International Bancshares logo
International BancsharesIBOC
$25.3M-2.0%
BankUnited logo
BankUnitedBKU
$23.7M-5.7%

Segments

By segment

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Mercantile Bank$4.95M
Eastern Michigan Bank$499K

Other financials

Income statement

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Revenue$68.8M+12.8%
Net income$25.9M+14.6%
EPS (diluted)$1.50+7.9%

Cash flow

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Operating cash flow$28.3M+1,051%
CapEx$938.0K-39.0%
Free cash flow$27.4M+706%

Valuation

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Market cap$1.06B+46.1%
P/E11.1×+2.2×
P/S4.1×+1.0×

Profitability

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Net margin36.5%+1.8pp
FCF margin17%

Returns & leverage

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Return on equity8.6%
Debt / equity

Where this comes from

Reported directly by Mercantile Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The source filing: Mercantile Bank Corporation’s 8-K, filed July 21, 2026. Open the filing →

Filed
Jul 21, 2026, 9:01 AM EDT
Accession
0001437749-26-023919

FAQ

What is Mercantile Bank Corporation's income tax?
Mercantile Bank Corporation (MBWM) reported income tax of $5.25M in Q2 2026.
How has Mercantile Bank Corporation's income tax changed year-over-year?
Mercantile Bank Corporation's income tax increased by 57.1% year-over-year, from $3.34M to $5.25M.
What is the long-term trend for Mercantile Bank Corporation's income tax?
Over 2 years (2023 to 2025), Mercantile Bank Corporation's income tax has grown at a -15.2% compound annual growth rate (CAGR), from $20.48M to $14.74M.
What does income tax mean?
Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

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