Mercantile Bank Corporation (MBWM) Earnings History
Annual and quarterly earnings data from 1998 to 2025
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MBWM EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
MBWM Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 64.0% | 27.5% | 23.9% |
| 2024 | 61.9% | 27.2% | 22.0% |
| 2023 | 71.8% | 33.8% | 27.1% |
| 2022 | 85.9% | 35.4% | 28.5% |
| 2021 | 92.4% | 37.1% | 29.7% |
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Mercantile Bank Corporation (MBWM) Earnings Overview
As of May 6, 2026, Mercantile Bank Corporation (MBWM) reported trailing twelve-month net income of $89M, reflecting +10.8% year-over-year growth. The company earned $5.46 per diluted share over the past four quarters, with a net profit margin of 23.9%.
Looking at the long-term picture, MBWM's 5-year EPS compound annual growth rate (CAGR) stands at +15.0%, indicating exceptional earnings growth. The company achieved its highest annual net income of $89M in fiscal 2025, representing a new all-time high.
Mercantile Bank Corporation maintains industry-leading profitability with a gross margin of 64.0%, operating margin of 27.5%, and net margin of 23.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including IBCP ($69M net income, 21.7% margin), CZWI ($14M net income, 16.0% margin), UVSP ($91M net income, 17.5% margin), MBWM has outperformed on profitability metrics. Compare MBWM vs IBCP →
MBWM Earnings vs Peers
Earnings metrics vs comparable public companies
MBWM Historical Earnings Data (1998–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $89M | +11.5% | $102M | $5.46 | 23.9% | 27.5% |
| 2024 | $80M | -3.2% | $98M | $4.93 | 22.0% | 27.2% |
| 2023 | $82M | +34.6% | $103M | $5.13 | 27.1% | 33.8% |
| 2022 | $61M | +3.5% | $76M | $3.85 | 28.5% | 35.4% |
| 2021 | $59M | +33.7% | $74M | $3.69 | 29.7% | 37.1% |
| 2020 | $44M | -10.8% | $55M | $2.71 | 22.8% | 28.3% |
| 2019 | $49M | +17.7% | $60M | $3.01 | 26.7% | 32.6% |
| 2018 | $42M | +34.4% | $52M | $2.53 | 26.1% | 32.2% |
| 2017 | $31M | -2.0% | $46M | $1.90 | 21.6% | 31.9% |
| 2016 | $32M | +18.1% | $47M | $1.96 | 22.9% | 33.6% |
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Start ComparisonMBWM — Frequently Asked Questions
Quick answers to the most common questions about buying MBWM stock.
Is MBWM growing earnings?
MBWM EPS stands at $5.46, with +10.8% growth matching the 5-year CAGR of +15.0%. TTM net income is $89M. Earnings trajectory remains consistent.
What are MBWM's profit margins?
Mercantile Bank Corporation net margin is +23.9%, with operating margin at +27.5%. Above-average margins indicate pricing power.
How consistent are MBWM's earnings?
MBWM earnings data spans 1998-2025. The current earnings trend is +10.8% YoY. Historical data enables comparison across business cycles.