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

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

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0.8%
Equitable Holdings logo
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-4%-5.0pp
eXp World Holdings, Inc. Common Stock logo
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2.1%
ADMA Biologics logo
ADMA BiologicsADMA
1%
Diversified Energy
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Diversified Energy DEC
35.3%+23.4pp
Healthcare Services Group logo
Healthcare Services GroupHCSG
4.5%+0.9pp

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:EffectiveIncomeTaxRateReconciliationDiscountOfPurchasedTaxCreditsPercent.

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 discount of purchased tax credits percent?
Mercantile Bank Corporation (MBWM) reported effective income tax rate reconciliation discount of purchased tax credits percent of -3.4% in Q4 2025.
What does effective income tax rate reconciliation discount of purchased tax credits percent mean?
The percentage impact on the effective tax rate derived from the discount on purchased tax credits. This measures the relative efficiency of the company's strategy to acquire tax credits at a discount to reduce its statutory tax burden. It is a key indicator of the company's tax optimization strategy.