What does number of reportable segments mean?

The total count of distinct business units or segments for which the company reports separate financial information. This metric reflects the organizational complexity and the diversity of the bank's operational focus areas.

Mercantile Bank Corporation MBWM Number of reportable segments

Number of reportable segments at other companies

Fifth Third BankFITB

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Huntington BancsharesHBAN

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First Merchants CorporationFRME

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Stock Yards BancorpSYBT

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Customers BancorpCUBI

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Enterprise Financial ServicesEFSC

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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+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 / equity0×—

Where this comes from

Reported directly by Mercantile Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:NumberOfReportableSegments.

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 reportable segments?: Mercantile Bank Corporation (MBWM) reported number of reportable segments of 200% in Q1 2026.
What does number of reportable segments mean?: The total count of distinct business units or segments for which the company reports separate financial information. This metric reflects the organizational complexity and the diversity of the bank's operational focus areas.