Mercantile Bank Corporation (MBWM) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Mercantile Bank Corporation (MBWM) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MBWM Income Statement

Mercantile Bank Corporation (MBWM) annual income statement — 28-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Net Interest Income	57.26M	55.9M	51.02M	52M	49.48M	48.55M	48.36M	48.29M	47.07M	47.36M	48.65M	48.96M	47.55M	48.38M	50.66M	42.38M	34.33M	30.89M	32.53M	31.12M
NII Growth %	15.72%	15.15%	5.49%	7.68%	5.11%	2.51%	-0.59%	-1.37%	-1.01%	-2.11%	-3.97%	15.54%	38.53%	56.66%	55.7%	36.15%	11.19%	4.58%	2.15%	5.47%
Net Interest Margin %	0.84%	0.8%	0.75%	0.82%	0.8%	0.79%	0.8%	0.82%	0.84%	0.87%	0.91%	0.93%	0.93%	0.99%	1.04%	0.84%	0.68%	0.6%	0.62%	0.63%
Interest Income	86.7M	85.43M	82.25M	85.64M	81.96M	80.34M	82.49M	83.41M	78.88M	76.72M	73.8M	71.15M	65.92M	60.48M	58.28M	48.13M	39.55M	35.88M	37.05M	35.89M
Interest Expense	29.44M	29.52M	31.24M	33.64M	32.48M	31.79M	34.13M	35.12M	31.81M	29.36M	25.15M	22.19M	18.37M	12.1M	7.62M	5.75M	5.22M	5M	4.51M	4.76M
Loan Loss Provision	0	-1.8M	700K	200K	1.6M	2.1M	1.5M	1.1M	3.5M	1.3M	1.8M	3.3M	2M	600K	3.05M	2.9M	500K	100K	-3.4M	1.9M
Non-Interest Income	11.5M	11.09M	11.06M	10.39M	11.46M	8.7M	10.17M	9.67M	9.68M	10.87M	8.3M	9.25M	7.64M	6.95M	7.8M	7.28M	7.74M	9.28M	12.63M	15.57M
Non-Interest Income %	16.72%	16.55%	17.81%	16.65%	18.81%	15.2%	17.38%	16.68%	17.06%	18.66%	14.58%	15.88%	13.85%	12.56%	13.35%	14.66%	18.4%	23.1%	27.97%	33.34%
Total Net Revenue	68.76M	66.99M	62.07M	62.39M	60.94M	57.25M	58.53M	57.96M	56.75M	58.23M	56.95M	58.21M	55.2M	55.34M	58.46M	49.66M	42.07M	40.16M	45.17M	46.69M
Revenue Growth %	12.82%	17.01%	6.04%	7.65%	7.38%	-1.68%	2.78%	-0.43%	2.82%	5.23%	-2.59%	17.22%	31.21%	37.78%	29.44%	6.35%	-5.19%	-6.59%	-2.2%	9.05%
Non-Interest Expense	37.58M	41.51M	36.73M	34.75M	33.38M	31.1M	33.81M	32.3M	29.74M	29.94M	29.94M	28.92M	27.83M	28.6M	28.54M	26.78M	26.94M	25.74M	33.35M	26.21M
Efficiency Ratio	54.65%	61.96%	59.17%	55.7%	54.77%	54.33%	57.76%	55.73%	52.4%	51.42%	52.57%	49.68%	50.42%	51.68%	48.82%	53.94%	64.05%	64.1%	73.83%	56.13%
Operating Income	31.18M	27.28M	24.64M	27.44M	25.96M	24.05M	23.23M	24.56M	23.52M	26.98M	25.21M	25.99M	25.37M	26.14M	26.87M	19.97M	14.63M	14.32M	15.22M	18.58M
Operating Margin %	45.35%	40.73%	39.7%	43.98%	42.6%	42%	39.68%	42.37%	41.44%	46.34%	44.27%	44.65%	45.96%	47.23%	45.96%	40.22%	34.77%	35.66%	33.7%	39.8%
Operating Income Growth %	20.1%	13.46%	6.11%	11.74%	10.4%	-10.89%	-7.86%	-5.51%	-7.3%	3.25%	-6.19%	30.11%	73.45%	82.51%	76.55%	7.49%	-34.52%	-18.54%	-14.21%	40.85%
Pretax Income	31.18M	27.28M	24.64M	27.44M	25.96M	24.05M	23.23M	24.56M	23.52M	26.98M	25.21M	25.99M	25.37M	26.14M	26.87M	19.97M	14.63M	14.32M	15.22M	18.58M
Pretax Margin %	45.35%	40.73%	39.7%	43.98%	42.6%	42%	39.68%	42.37%	41.44%	46.34%	44.27%	44.65%	45.96%	47.23%	45.96%	40.22%	34.77%	35.66%	33.7%	39.8%
Income Tax	5.25M	4.6M	1.8M	3.68M	3.34M	4.51M	3.6M	4.94M	4.73M	5.42M	5.18M	5.13M	5.01M	5.16M	5.07M	3.94M	2.89M	2.83M	3.58M	3.53M
Effective Tax Rate %	16.85%	16.85%	7.32%	13.42%	12.88%	18.75%	15.5%	20.11%	20.11%	20.1%	20.54%	19.75%	19.75%	19.75%	18.86%	19.74%	19.75%	19.75%	23.53%	19%
Net Income	25.93M	22.68M	22.84M	23.76M	22.62M	19.54M	19.63M	19.62M	18.79M	21.56M	20.03M	20.86M	20.36M	20.97M	21.8M	16.03M	11.74M	11.49M	11.64M	15.05M
Net Margin %	37.71%	33.86%	36.8%	38.08%	37.11%	34.13%	33.53%	33.85%	33.1%	37.03%	35.17%	35.83%	36.88%	37.9%	37.29%	32.28%	27.9%	28.61%	25.77%	32.23%
Net Income Growth %	14.63%	16.11%	16.38%	21.1%	20.4%	-9.39%	-2.02%	-5.93%	-7.72%	2.8%	-8.13%	30.1%	73.44%	82.51%	87.33%	6.5%	-35.12%	-19.29%	-17.35%	40.85%
Net Income (Continuing)	25.93M	22.68M	22.84M	23.76M	22.62M	19.54M	19.63M	19.62M	18.79M	21.56M	20.03M	20.86M	20.36M	20.97M	21.8M	16.03M	11.74M	11.49M	11.64M	15.05M
EPS (Diluted)	1.50	1.32	1.40	1.46	1.39	1.21	1.22	1.22	1.17	1.34	1.25	1.30	1.27	1.31	1.37	1.01	0.74	0.73	0.74	0.95
EPS Growth %	7.91%	9.09%	14.75%	19.67%	18.8%	-9.7%	-2.4%	-6.15%	-7.87%	2.29%	-8.76%	28.71%	71.62%	79.45%	85.14%	6.32%	-33.93%	-16.09%	-14.94%	43.94%
EPS (Basic)	1.50	1.32	1.40	1.46	1.39	1.21	1.22	1.22	1.17	1.34	1.25	1.30	1.27	1.31	1.37	1.01	0.74	0.73	0.74	0.95
Diluted Shares Outstanding	17.26M	17.24M	16.26M	16.23M	16.22M	16.2M	16.14M	16.14M	16.12M	16.12M	16.04M	16.02M	16M	16M	15.89M	15.86M	15.85M	15.84M	15.7M	15.86M