Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
51.97
+0.70 (1.37%)
At close: Apr 28, 2026, 4:00 PM EDT
51.07
-0.90 (-1.73%)
After-hours: Apr 28, 2026, 7:33 PM EDT
Mercantile Bank Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Interest Income on Loans | 291.52 | 291.36 | 291.92 | 252.39 | 166.85 | 135.05 | Upgrade
|
| Interest Income on Investments | 43.76 | 38.84 | 29.58 | 18.97 | 14.99 | 8.45 | Upgrade
|
| Total Interest Income | 335.28 | 330.19 | 321.5 | 271.36 | 181.84 | 143.49 | Upgrade
|
| Interest Paid on Deposits | 100.57 | 102.51 | 101.4 | 55.44 | 10.04 | 9.11 | Upgrade
|
| Interest Paid on Borrowings | 26.32 | 26.64 | 29.02 | 22.37 | 13.56 | 10.32 | Upgrade
|
| Total Interest Expense | 126.89 | 129.15 | 130.42 | 77.81 | 23.6 | 19.43 | Upgrade
|
| Net Interest Income | 208.4 | 201.04 | 191.09 | 193.55 | 158.24 | 124.06 | Upgrade
|
| Net Interest Income Growth (YoY) | 8.39% | 5.21% | -1.27% | 22.31% | 27.55% | 1.49% | Upgrade
|
| Mortgage Banking Activities | 13.35 | 13.02 | 12.3 | 7.6 | 8.66 | 29.96 | Upgrade
|
| Gain (Loss) on Sale of Assets | - | - | - | - | - | 1.06 | Upgrade
|
| Other Non-Interest Income | 11.87 | 10.25 | 11.73 | 10.68 | 9.25 | 12.61 | Upgrade
|
| Total Non-Interest Income | 43.59 | 40.61 | 39.69 | 32.14 | 32.08 | 56.22 | Upgrade
|
| Non-Interest Income Growth (YoY) | 14.05% | 2.32% | 23.48% | 0.21% | -42.94% | 24.46% | Upgrade
|
| Revenues Before Loan Losses | 251.99 | 241.65 | 230.78 | 225.69 | 190.32 | 180.28 | Upgrade
|
| Provision for Loan Losses | -0.7 | 3.2 | 7.4 | 7.7 | 6.55 | -4.3 | Upgrade
|
| Revenue | 252.69 | 238.45 | 223.38 | 217.99 | 183.77 | 184.58 | Upgrade
|
| Revenue Growth (YoY) | 13.67% | 6.75% | 2.47% | 18.62% | -0.44% | 20.35% | Upgrade
|
| Salaries and Employee Benefits | 83.4 | 79.28 | 74.19 | 65.07 | 61.39 | 62.32 | Upgrade
|
| Federal Deposit Insurance | 2.72 | 2.72 | 2.5 | 2.26 | 1.24 | 1.82 | Upgrade
|
| Selling, General & Administrative | 33.86 | 32.72 | 31.47 | 29.53 | 29.52 | 28.15 | Upgrade
|
| Other Non-Interest Expense | 22.94 | 18.36 | 15.93 | 17.77 | 14.32 | 14.56 | Upgrade
|
| Total Non-Interest Expense | 144.85 | 134.14 | 125.79 | 115.29 | 107.98 | 110.87 | Upgrade
|
| EBT Excluding Unusual Items | 107.84 | 104.31 | 97.59 | 102.7 | 75.79 | 73.72 | Upgrade
|
| Pretax Income | 106.73 | 103.49 | 98.29 | 102.7 | 75.79 | 73.72 | Upgrade
|
| Income Tax Expense | 14.83 | 14.74 | 18.69 | 20.48 | 14.73 | 14.7 | Upgrade
|
| Net Income | 91.9 | 88.75 | 79.59 | 82.22 | 61.06 | 59.02 | Upgrade
|
| Net Income to Common | 91.9 | 88.75 | 79.59 | 82.22 | 61.06 | 59.02 | Upgrade
|
| Net Income Growth | 18.48% | 11.51% | -3.19% | 34.64% | 3.46% | 33.72% | Upgrade
|
| Basic Shares Outstanding | 16 | 16 | 16 | 16 | 16 | 16 | Upgrade
|
| Diluted Shares Outstanding | 16 | 16 | 16 | 16 | 16 | 16 | Upgrade
|
| Shares Change (YoY) | 2.15% | 0.66% | 0.72% | 0.98% | -0.80% | -1.73% | Upgrade
|
| EPS (Basic) | 5.57 | 5.47 | 4.93 | 5.13 | 3.85 | 3.69 | Upgrade
|
| EPS (Diluted) | 5.57 | 5.47 | 4.93 | 5.13 | 3.85 | 3.69 | Upgrade
|
| EPS Growth | 16.05% | 10.87% | -3.90% | 33.25% | 4.34% | 36.16% | Upgrade
|
| Dividend Per Share | 1.520 | 1.500 | 1.420 | 1.340 | 1.260 | 1.180 | Upgrade
|
| Dividend Growth | 5.56% | 5.63% | 5.97% | 6.35% | 6.78% | 5.36% | Upgrade
|
| Effective Tax Rate | 13.89% | 14.24% | 19.02% | 19.94% | 19.43% | 19.93% | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.