Mercantile Bank Corporation
MBWMNASDAQFinancial Services● Active
$53.10
+$0.36(+0.68%)
Market Cap$917269313
P/E Ratio—
52W High$55.77
52W Low$42.17
Mercantile Bank Corporation (MBWM) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · MBWM · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $0.37B | $0.36B | $0.30B | $0.21B | $0.20B |
| Cost of Revenue | $0.13B | $0.14B | $0.09B | $0.03B | $0.02B |
| Gross Profit | $0.24B | $0.22B | $0.22B | $0.18B | $0.18B |
| Gross Margin %(computed) | 64.03% | 61.92% | 71.82% | 85.91% | 92.38% |
| Operating Expenses | |||||
| R&D Expenses | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| G&A Expenses | $0.02B | $0.08B | $0.07B | $0.07B | $0.07B |
| Total Operating Expenses | $0.14B | $0.13B | $0.12B | $0.11B | $0.11B |
| Operating Income | $0.10B | $0.10B | $0.10B | $0.08B | $0.07B |
| Operating Margin %(computed) | 27.46% | 27.16% | 33.84% | 35.43% | 37.11% |
| Interest Income | $0.33B | $0.32B | $0.27B | $0.18B | $0.14B |
| Interest Expense | $0.13B | $0.13B | $0.08B | $0.02B | $0.02B |
| Income Before Tax | $0.10B | $0.10B | $0.10B | $0.08B | $0.07B |
| Income Tax Expense | $0.01B | $0.02B | $0.02B | $0.01B | $0.01B |
| Net Income | $0.09B | $0.08B | $0.08B | $0.06B | $0.06B |
| Net Margin %(computed) | 23.87% | 21.99% | 27.09% | 28.55% | 29.71% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $5.46 | $4.93 | $5.13 | $3.85 | $3.69 |
| Wtd Avg Shares | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B |
| EBITDA | $0.11B | $0.11B | $0.11B | $0.09B | $0.09B |
| EBITDA Margin %(computed) | 28.64% | 30.06% | 37.63% | 41.48% | 43.99% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · USD · B
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About Mercantile Bank Corporation (MBWM) Income Statement
Mercantile Bank Corporation (MBWM) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, MBWM reported revenue of $0.37B, gross profit of $0.24B (gross margin 64.03%), and net income of $0.09B — a net profit margin of 23.87%.
Frequently asked questions
MBWM · 4 questionsMercantile Bank Corporation (MBWM) reported revenue of $0.37B for 2025, up 2.7% year-over-year.
MBWM revenueMBWM salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08