Mercantile Bank Corporation MBWM Effective Income Tax Rate Reconciliation Discount Of Purchased Tax Credits

Effective Income Tax Rate Reconciliation Discount Of Purchased Tax Credits at other companies

PopularBPOP

0.8%—

Equitable HoldingsEQH

-4%-5.0pp

eXp World Holdings, Inc. Common StockAGNT

2.1%—

Diversified Energy DEC

35.3%+23.4pp

Ollie's Bargain Outlet Holdings, Inc.OLLI

$529.25K—

VestisVSTS

-2.6%-6.1pp

Revenue$67.6M+18.1%

Net income$22.7M+16.1%

EPS (diluted)$1.32+9.1%

Operating cash flow$28.3M+1,051%

CapEx$938.0K-39.0%

Free cash flow$27.4M+706%

Market cap$963.74M+36.5%

P/E10.5×+1.4×

P/S3.8×+0.7×

Net margin36.3%+2.7pp

FCF margin17%—

Return on equity8.6%—

Debt / equity0×—

Reported directly by Mercantile Bank Corporation in its filing.

Tagged under the XBRL concept mbwm:EffectiveIncomeTaxRateReconciliationDiscountOfPurchasedTaxCredits.

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

Connect your AI assistant and compare it to peers, right in your chat.

What is Mercantile Bank Corporation's effective income tax rate reconciliation discount of purchased tax credits?: Mercantile Bank Corporation (MBWM) reported effective income tax rate reconciliation discount of purchased tax credits of -$881.25K in Q4 2025.
What does effective income tax rate reconciliation discount of purchased tax credits mean?: The financial impact resulting from the discount associated with purchasing tax credits from third parties. This reflects the cost-benefit analysis of acquiring tax assets to offset tax obligations. It provides insight into the company's active management of its tax position through external credit markets.