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Mercantile Bank Corporation MBWM Effective Income Tax Rate Reconciliation Bank Owned Life Insurance Percent

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Other financials

Income statement

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Revenue$67.6M+18.1%
Net income$22.7M+16.1%
EPS (diluted)$1.32+9.1%

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$963.74M+36.5%
P/E10.5×+1.4×
P/S3.8×+0.7×

Profitability

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Net margin36.3%+2.7pp
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 mbwm:EffectiveIncomeTaxRateReconciliationBankOwnedLifeInsurancePercent.

The official record: Mercantile Bank Corporation’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercantile Bank Corporation's effective income tax rate reconciliation bank owned life insurance percent?
Mercantile Bank Corporation (MBWM) reported effective income tax rate reconciliation bank owned life insurance percent of 0.7% in Q4 2025.
What does effective income tax rate reconciliation bank owned life insurance percent mean?
The percentage impact that Bank Owned Life Insurance (BOLI) earnings have on the company's effective tax rate. This metric measures the relative contribution of BOLI-related tax benefits to the company's bottom line. It helps investors understand the significance of insurance-based tax strategies in the company's financial structure.