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Mercantile Bank Corporation MBWM Number of operating segments

Number of operating segments at other companies

Heritage Financial logo
Heritage FinancialHFWA
0.30.0%
Enterprise Financial Services logo
Enterprise Financial ServicesEFSC

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+35.3%
P/E10.5×+1.3×
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:NumberOfOperatingSegments.

The official record: Mercantile Bank Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercantile Bank Corporation's number of operating segments?
Mercantile Bank Corporation (MBWM) reported number of operating segments of 200% in Q1 2026.
What does number of operating segments mean?
This metric indicates the total count of distinct business units or segments for which the company reports financial results. It provides transparency into the organizational structure and the diversity of the company's revenue streams. A higher number of segments may indicate a more complex business model with varied risk and growth profiles across different banking or service lines.