Mercantile Bank Corporation MBWM Effective Income Tax Rate Reconciliation Tax Exempt Income

Effective Income Tax Rate Reconciliation Tax Exempt Income at other companies

BankUnitedBKU

3%-0.8pp

Heritage FinancialHFWA

1.4%-0.2pp

First Merchants CorporationFRME

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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+35.3%

P/E10.5×+1.3×

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 us-gaap:EffectiveIncomeTaxRateReconciliationTaxExemptIncome.

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

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What is Mercantile Bank Corporation's effective income tax rate reconciliation tax exempt income?: Mercantile Bank Corporation (MBWM) reported effective income tax rate reconciliation tax exempt income of 1.2% in Q4 2025.
What does effective income tax rate reconciliation tax exempt income mean?: The impact of tax-exempt income on the company's effective tax rate, expressed as a monetary reconciliation item. This metric illustrates how much the company's tax liability is reduced by holding tax-advantaged assets. It is essential for evaluating the tax-efficiency of the company's investment portfolio.