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Mercantile Bank Corporation MBWM Nontaxable or Nondeductible items

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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 us-gaap:IncomeTaxReconciliationNondeductibleExpense.

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 nontaxable or nondeductible items?
Mercantile Bank Corporation (MBWM) reported nontaxable or nondeductible items of $134.5K in Q4 2025.
How has Mercantile Bank Corporation's nontaxable or nondeductible items changed year-over-year?
Mercantile Bank Corporation's nontaxable or nondeductible items increased by 123.2% year-over-year, from $60.25K to $134.5K.
What is the long-term trend for Mercantile Bank Corporation's nontaxable or nondeductible items?
Over 2 years (2023 to 2025), Mercantile Bank Corporation's nontaxable or nondeductible items has grown at a 58.9% compound annual growth rate (CAGR), from $213K to $538K.
What does nontaxable or nondeductible items mean?
Expenses incurred by the company that are not eligible for tax deduction under federal tax law. These items increase the effective tax rate because they are recognized for financial reporting but not for tax purposes. Tracking this helps investors identify permanent differences between book income and taxable income.