Mercantile Bank Corporation

MBWMNASDAQFinancial Services● Active

$52.96

+$0.22(+0.42%)

Market Cap$914850900

P/E Ratio—

52W High$55.77

52W Low$42.17

Avg Volume117K

Open$52.69

Beta0.83

Net Income Financials Revenue

Mercantile Bank Corporation (MBWM) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

MBWM · net income · updated Jun 8, 2026

Core profitability metrics

MBWM · net income · margin · TTM · CAGR

Net income was $88.8M for FY2025 (fiscal year ending 2025-12-31), up 11.5% year-over-year. Net profit margin was 23.9%. Based on available data, Mercantile Bank Corporation has been profitable since at least 2011.

FY2025 Net Income$88.8M▲ +11.5% YoY

Trailing 12M (TTM)$91.9Mtrailing 4 quarters sum

Net Profit Margin23.9%$88.8M ÷ $371.8M

YoY Change+11.5%—

5-Year CAGR+15.0%FY2020 → FY2025

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · MBWM net income history · MBWM profit margin

Annual net income data

MBWM · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025$88.8M▲ +11.5%23.9%$371.8M

FY2024$79.6M▼ 3.2%22.0%$361.9M

FY2023$82.2M▲ +34.6%27.1%$303.5M

FY2022$61.1M▲ +3.5%28.6%$213.9M

FY2021$59.0M▲ +33.7%29.7%$198.7M

Net income vs peers (Financial Services)

MBWM vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Mercantile Bank CorporationYOU

MBWM

$88.8M+11.5%23.9%

Berkshire Hathaway Inc.

BRK-A

$66.97B-24.8%18.0%

100%

Berkshire Hathaway Inc.

Mastercard Incorporated

$14.97B+16.3%45.6%

22%

Financial Services · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Mercantile Bank Corporation (MBWM) reported net income of $88.8M for FY2025 (fiscal year ending 2025-12-31), up 11.5% year-over-year. The net profit margin was 23.9% — meaning the company kept $0.24 of every dollar of revenue as profit.

Based on available data, Mercantile Bank Corporation has been profitable since at least 2011. Net income reached a peak of $88.8M in FY2025. Data available for 15 fiscal years.

Mercantile Bank Corporation's net profit margin was 23.9% for FY2025, based on the latest annual results.

Investors sometimes search for "Mercantile Bank Corporation net worth" — the company's market capitalization is a separate figure from MBWM net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

MBWM net income · 5 questions

Mercantile Bank Corporation is profitable. The company reported net income of $88.8M for FY2025, a net profit margin of 23.9%. Net income was up 11.5% year-over-year. Based on available data, Mercantile Bank Corporation has been profitable since at least 2011.

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▸ Source: FMP /income-statement · GAAP · Mercantile Bank Corporation · Mercantile Bank Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026