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

Effective Income Tax Reconciliation Bank Owned Life Insurance at other companies

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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:EffectiveIncomeTaxReconciliationBankOwnedLifeInsurance.

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 reconciliation bank owned life insurance?
Mercantile Bank Corporation (MBWM) reported effective income tax reconciliation bank owned life insurance of $170.75K in Q4 2025.
How has Mercantile Bank Corporation's effective income tax reconciliation bank owned life insurance changed year-over-year?
Mercantile Bank Corporation's effective income tax reconciliation bank owned life insurance increased by 29.1% year-over-year, from $132.25K to $170.75K.
What is the long-term trend for Mercantile Bank Corporation's effective income tax reconciliation bank owned life insurance?
Over 2 years (2023 to 2025), Mercantile Bank Corporation's effective income tax reconciliation bank owned life insurance has grown at a 50.1% compound annual growth rate (CAGR), from $303K to $683K.
What does effective income tax reconciliation bank owned life insurance mean?
The tax benefit or reconciliation adjustment related to the earnings on Bank Owned Life Insurance (BOLI) policies. Since BOLI earnings are often tax-deferred or tax-exempt, this metric quantifies the contribution of these insurance assets to the company's overall tax position. It reflects the strategic use of insurance products for tax-efficient capital management.