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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
US Market
MBWM
Mercantile Bank
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Mercantile Bank (MBWM) Income Statement

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Mercantile Bank Income Statement

Last quarter (Q1 2026), Mercantile Bank's total revenue was $96.51M, an increase of 8.39% from the same quarter last year. In Q1, Mercantile Bank's net income was $22.68M. See Mercantile Bank’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 25Dec 24Dec 23Dec 22Dec 21
Total Revenue
$ 371.80M$ 361.89M$ 303.50M$ 213.92M$ 198.66M
Gross Profit
$ 238.05M$ 224.07M$ 217.99M$ 183.77M$ 183.52M
Operating Expenses
$ 135.96M$ 125.79M$ 115.29M$ 107.98M$ 109.81M
Depreciation and Amortization
$ 4.41M$ 10.51M$ 11.50M$ 12.95M$ 13.68M
EBITDA
$ 106.50M$ 108.79M$ 114.19M$ 88.73M$ 87.39M
Operating Income
$ 102.09M$ 98.29M$ 102.70M$ 75.79M$ 73.72M
Other Income/Expenses
$ 0.00$ 0.00$ 0.00$ 0.00$ 0.00
Pretax Income
$ 102.09M$ 98.29M$ 102.70M$ 75.79M$ 73.72M
Net Income
$ 88.75M$ 79.59M$ 82.22M$ 61.06M$ 59.02M
Per Share Metrics
Basic EPS
$ 5.46$ 4.93$ 5.13$ 3.85$ 3.69
Diluted EPS
$ 5.46$ 4.93$ 5.13$ 3.85$ 3.69
Weighted Average Shares Outstanding
 16.26M 16.13M 16.02M 15.86M 15.99M
Weighted Average Shares Outstanding (Diluted)
 16.26M 16.13M 16.02M 15.86M 15.99M
Currency in USD

Mercantile Bank Earnings and Revenue History