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Mercantile Bank (MBWM)

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  • 50.240
  • -0.220-0.44%
Close Jan 16 16:00 ET
  • 50.240
  • 0.0000.00%
Post 16:00 ET
863.02MMarket Cap9.53P/E (TTM)

Mercantile Bank (MBWM) Income Statement

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(Q3)Sep 30, 2025
(Q2)Jun 30, 2025
(Q1)Mar 31, 2025
(FY)Dec 31, 2024
(Q4)Dec 31, 2024
(Q3)Sep 30, 2024
(Q2)Jun 30, 2024
(Q1)Mar 31, 2024
(FY)Dec 31, 2023
(Q4)Dec 31, 2023
Total revenue
7.65%62.39M
7.38%60.94M
-1.68%57.25M
2.56%231.48M
2.78%58.53M
-0.43%57.96M
2.82%56.75M
5.23%58.23M
18.58%225.69M
-2.51%56.95M
Net interest income
7.68%52M
5.11%49.48M
2.51%48.55M
-1.27%191.09M
-0.59%48.36M
-1.37%48.29M
-1.01%47.07M
-2.11%47.36M
22.31%193.55M
-3.97%48.65M
-Net interest income
2.67%85.64M
3.90%81.96M
4.71%80.34M
18.48%321.5M
11.77%82.49M
17.23%83.41M
19.66%78.88M
26.85%76.72M
49.23%271.36M
26.64%73.8M
-Interest income from loans and lease
-0.37%75.04M
1.57%73.96M
1.01%71.99M
15.83%293.16M
7.09%73.76M
15.74%75.32M
17.44%72.82M
24.70%71.27M
51.70%253.11M
28.05%68.88M
-Interest income from deposits
10.33%4.3M
-12.32%2.14M
44.37%2.94M
121.87%12.31M
143.87%3.94M
38.94%3.9M
204.12%2.44M
527.47%2.03M
19.17%5.55M
-2.18%1.61M
-Interest income from securities
50.14%6.3M
61.70%5.86M
58.17%5.41M
26.21%16.03M
44.69%4.79M
28.20%4.2M
16.49%3.62M
13.77%3.42M
22.90%12.7M
16.58%3.31M
-Total interest expense
-4.21%33.64M
2.11%32.48M
8.27%31.79M
67.60%130.42M
35.66%34.13M
58.26%35.12M
73.17%31.81M
142.65%29.36M
229.79%77.81M
230.06%25.15M
-Interest expense for deposit
-2.79%26.82M
4.11%25.73M
13.35%25.19M
82.88%101.4M
41.33%26.87M
70.90%27.59M
99.61%24.71M
181.07%22.22M
452.40%55.44M
370.67%19.02M
-Interest expense for short termdebt
-11.04%1.97M
9.22%1.92M
6.59%1.76M
171.06%7.72M
167.09%2.09M
220.20%2.22M
92.23%1.76M
260.35%1.65M
868.37%2.85M
453.90%781K
-Interest expense for long term debt and capital securities
-8.71%4.85M
-9.46%4.84M
-11.85%4.84M
9.13%21.3M
-3.58%5.17M
-0.80%5.31M
5.24%5.34M
46.85%5.49M
47.18%19.52M
55.76%5.36M
Non interest income
7.46%10.39M
18.40%11.46M
-19.93%8.7M
25.65%40.39M
22.54%10.17M
4.55%9.67M
26.63%9.68M
56.35%10.87M
0.21%32.14M
7.00%8.3M
-Total premiums earned
91.09%858K
28.38%561K
-53.67%543K
70.33%2.56M
80.07%497K
6.40%449K
8.71%437K
192.27%1.17M
-10.61%1.5M
-25.00%276K
-Fees and commissions
3.15%8.7M
22.13%10.3M
-5.09%7.81M
29.41%31.02M
74.98%5.92M
6.68%8.44M
26.91%8.43M
36.37%8.23M
-4.15%23.97M
-1.80%3.39M
-Other non interest income
5.89%827K
-25.77%602K
-76.26%348K
32.18%3.6M
-21.90%542K
-14.64%781K
35.62%811K
184.66%1.47M
43.35%2.73M
38.25%694K
-Gain loss on sale of assets
----
----
----
-18.65%3.21M
----
----
----
----
13.13%3.95M
----
Credit losses provision
81.82%-200K
54.29%-1.6M
-61.54%-2.1M
3.90%-7.4M
16.67%-1.5M
66.67%-1.1M
-75.00%-3.5M
-116.67%-1.3M
-17.56%-7.7M
40.98%-1.8M
Non interest expense
5.70%34.14M
12.25%33.38M
3.87%31.1M
9.11%125.79M
12.91%33.81M
11.70%32.3M
6.86%29.74M
4.70%29.94M
6.77%115.29M
5.07%29.94M
Occupancy and equipment
-1.12%2.12M
-2.93%2.16M
-7.47%2.12M
-2.02%12.36M
-4.70%5.7M
-4.24%2.15M
5.82%2.22M
0.00%2.29M
5.33%12.61M
3.05%5.99M
Selling and administrative expenses
3.95%21.09M
15.62%20.71M
7.24%19.56M
12.94%82.03M
15.12%25.58M
17.58%20.29M
8.82%17.91M
9.32%18.24M
7.10%72.62M
11.30%22.22M
-General and administrative expense
3.95%21.09M
15.62%20.71M
7.24%19.56M
13.17%80.42M
16.08%23.98M
17.58%20.29M
8.82%17.91M
9.32%18.24M
7.08%71.06M
11.54%20.66M
-Selling and marketing expense
----
----
----
2.49%1.6M
----
----
----
----
8.30%1.57M
----
Depreciation amortization depletion
-9.81%846K
-10.51%826K
-15.29%787K
----
----
4.92%938K
5.13%923K
13.02%929K
----
----
-Depreciation and amortization
-9.81%846K
-10.51%826K
-15.29%787K
----
----
4.92%938K
5.13%923K
13.02%929K
----
----
Other non-interest expense
12.94%10.08M
11.59%9.69M
1.80%8.64M
4.51%31.41M
22.72%5.31M
4.69%8.93M
3.44%8.68M
-3.60%8.49M
6.58%30.05M
-21.94%4.33M
Income from associates and other participating interests
Special income (charges)
-606K
Less:Restructuring and mergern&acquisition
--606K
----
----
----
----
----
----
----
----
----
Other non-operating income (expenses)
Income before tax
11.74%27.44M
10.40%25.96M
-10.89%24.05M
-4.30%98.29M
-7.86%23.23M
-5.51%24.56M
-7.30%23.52M
3.25%26.99M
35.50%102.7M
-6.19%25.21M
Income tax
-25.44%3.68M
-29.30%3.34M
-16.85%4.51M
-8.73%18.69M
-30.47%3.6M
-3.78%4.94M
-5.59%4.73M
5.06%5.42M
39.08%20.48M
2.19%5.18M
Earnings from equity interest net of tax
Net income
21.10%23.76M
20.40%22.62M
-9.39%19.54M
-3.19%79.59M
-2.02%19.63M
-5.93%19.62M
-7.72%18.79M
2.80%21.56M
34.64%82.22M
-8.13%20.03M
Net Income continuous operations
21.10%23.76M
20.40%22.62M
-9.39%19.54M
-3.19%79.59M
-2.02%19.63M
-5.93%19.62M
-7.72%18.79M
2.80%21.56M
34.64%82.22M
-8.13%20.03M
Minority interest income
Net income attributable to the parent company
21.10%23.76M
20.40%22.62M
-9.39%19.54M
-3.19%79.59M
-2.02%19.63M
-5.93%19.62M
-7.72%18.79M
2.80%21.56M
34.64%82.22M
-8.13%20.03M
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders
21.10%23.76M
20.40%22.62M
-9.39%19.54M
-3.19%79.59M
-2.02%19.63M
-5.93%19.62M
-7.72%18.79M
2.80%21.56M
34.64%82.22M
-8.13%20.03M
Basic earnings per share
19.67%1.46
18.80%1.39
-9.70%1.21
-3.90%4.93
-2.40%1.22
-6.15%1.22
-7.87%1.17
2.29%1.34
33.25%5.13
-8.76%1.25
Diluted earnings per share
19.67%1.46
18.80%1.39
-9.70%1.21
-3.90%4.93
-2.40%1.22
-6.15%1.22
-7.87%1.17
2.29%1.34
33.25%5.13
-8.76%1.25
Dividend per share
5.56%0.38
5.71%0.37
5.71%0.37
5.97%1.42
5.88%0.36
5.88%0.36
6.06%0.35
6.06%0.35
6.35%1.34
6.25%0.34
Currency Unit
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
Accounting Standards
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
Audit Opinions
--
--
--
Unqualified Opinion
--
--
--
--
--
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(Q3)Sep 30, 2025(Q2)Jun 30, 2025(Q1)Mar 31, 2025(FY)Dec 31, 2024(Q4)Dec 31, 2024(Q3)Sep 30, 2024(Q2)Jun 30, 2024(Q1)Mar 31, 2024(FY)Dec 31, 2023(Q4)Dec 31, 2023
Total revenue 7.65%62.39M7.38%60.94M-1.68%57.25M2.56%231.48M2.78%58.53M-0.43%57.96M2.82%56.75M5.23%58.23M18.58%225.69M-2.51%56.95M
Net interest income 7.68%52M5.11%49.48M2.51%48.55M-1.27%191.09M-0.59%48.36M-1.37%48.29M-1.01%47.07M-2.11%47.36M22.31%193.55M-3.97%48.65M
-Net interest income 2.67%85.64M3.90%81.96M4.71%80.34M18.48%321.5M11.77%82.49M17.23%83.41M19.66%78.88M26.85%76.72M49.23%271.36M26.64%73.8M
-Interest income from loans and lease -0.37%75.04M1.57%73.96M1.01%71.99M15.83%293.16M7.09%73.76M15.74%75.32M17.44%72.82M24.70%71.27M51.70%253.11M28.05%68.88M
-Interest income from deposits 10.33%4.3M-12.32%2.14M44.37%2.94M121.87%12.31M143.87%3.94M38.94%3.9M204.12%2.44M527.47%2.03M19.17%5.55M-2.18%1.61M
-Interest income from securities 50.14%6.3M61.70%5.86M58.17%5.41M26.21%16.03M44.69%4.79M28.20%4.2M16.49%3.62M13.77%3.42M22.90%12.7M16.58%3.31M
-Total interest expense -4.21%33.64M2.11%32.48M8.27%31.79M67.60%130.42M35.66%34.13M58.26%35.12M73.17%31.81M142.65%29.36M229.79%77.81M230.06%25.15M
-Interest expense for deposit -2.79%26.82M4.11%25.73M13.35%25.19M82.88%101.4M41.33%26.87M70.90%27.59M99.61%24.71M181.07%22.22M452.40%55.44M370.67%19.02M
-Interest expense for short termdebt -11.04%1.97M9.22%1.92M6.59%1.76M171.06%7.72M167.09%2.09M220.20%2.22M92.23%1.76M260.35%1.65M868.37%2.85M453.90%781K
-Interest expense for long term debt and capital securities -8.71%4.85M-9.46%4.84M-11.85%4.84M9.13%21.3M-3.58%5.17M-0.80%5.31M5.24%5.34M46.85%5.49M47.18%19.52M55.76%5.36M
Non interest income 7.46%10.39M18.40%11.46M-19.93%8.7M25.65%40.39M22.54%10.17M4.55%9.67M26.63%9.68M56.35%10.87M0.21%32.14M7.00%8.3M
-Total premiums earned 91.09%858K28.38%561K-53.67%543K70.33%2.56M80.07%497K6.40%449K8.71%437K192.27%1.17M-10.61%1.5M-25.00%276K
-Fees and commissions 3.15%8.7M22.13%10.3M-5.09%7.81M29.41%31.02M74.98%5.92M6.68%8.44M26.91%8.43M36.37%8.23M-4.15%23.97M-1.80%3.39M
-Other non interest income 5.89%827K-25.77%602K-76.26%348K32.18%3.6M-21.90%542K-14.64%781K35.62%811K184.66%1.47M43.35%2.73M38.25%694K
-Gain loss on sale of assets -------------18.65%3.21M----------------13.13%3.95M----
Credit losses provision 81.82%-200K54.29%-1.6M-61.54%-2.1M3.90%-7.4M16.67%-1.5M66.67%-1.1M-75.00%-3.5M-116.67%-1.3M-17.56%-7.7M40.98%-1.8M
Non interest expense 5.70%34.14M12.25%33.38M3.87%31.1M9.11%125.79M12.91%33.81M11.70%32.3M6.86%29.74M4.70%29.94M6.77%115.29M5.07%29.94M
Occupancy and equipment -1.12%2.12M-2.93%2.16M-7.47%2.12M-2.02%12.36M-4.70%5.7M-4.24%2.15M5.82%2.22M0.00%2.29M5.33%12.61M3.05%5.99M
Selling and administrative expenses 3.95%21.09M15.62%20.71M7.24%19.56M12.94%82.03M15.12%25.58M17.58%20.29M8.82%17.91M9.32%18.24M7.10%72.62M11.30%22.22M
-General and administrative expense 3.95%21.09M15.62%20.71M7.24%19.56M13.17%80.42M16.08%23.98M17.58%20.29M8.82%17.91M9.32%18.24M7.08%71.06M11.54%20.66M
-Selling and marketing expense ------------2.49%1.6M----------------8.30%1.57M----
Depreciation amortization depletion -9.81%846K-10.51%826K-15.29%787K--------4.92%938K5.13%923K13.02%929K--------
-Depreciation and amortization -9.81%846K-10.51%826K-15.29%787K--------4.92%938K5.13%923K13.02%929K--------
Other non-interest expense 12.94%10.08M11.59%9.69M1.80%8.64M4.51%31.41M22.72%5.31M4.69%8.93M3.44%8.68M-3.60%8.49M6.58%30.05M-21.94%4.33M
Income from associates and other participating interests
Special income (charges) -606K
Less:Restructuring and mergern&acquisition --606K------------------------------------
Other non-operating income (expenses)
Income before tax 11.74%27.44M10.40%25.96M-10.89%24.05M-4.30%98.29M-7.86%23.23M-5.51%24.56M-7.30%23.52M3.25%26.99M35.50%102.7M-6.19%25.21M
Income tax -25.44%3.68M-29.30%3.34M-16.85%4.51M-8.73%18.69M-30.47%3.6M-3.78%4.94M-5.59%4.73M5.06%5.42M39.08%20.48M2.19%5.18M
Earnings from equity interest net of tax
Net income 21.10%23.76M20.40%22.62M-9.39%19.54M-3.19%79.59M-2.02%19.63M-5.93%19.62M-7.72%18.79M2.80%21.56M34.64%82.22M-8.13%20.03M
Net Income continuous operations 21.10%23.76M20.40%22.62M-9.39%19.54M-3.19%79.59M-2.02%19.63M-5.93%19.62M-7.72%18.79M2.80%21.56M34.64%82.22M-8.13%20.03M
Minority interest income
Net income attributable to the parent company 21.10%23.76M20.40%22.62M-9.39%19.54M-3.19%79.59M-2.02%19.63M-5.93%19.62M-7.72%18.79M2.80%21.56M34.64%82.22M-8.13%20.03M
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders 21.10%23.76M20.40%22.62M-9.39%19.54M-3.19%79.59M-2.02%19.63M-5.93%19.62M-7.72%18.79M2.80%21.56M34.64%82.22M-8.13%20.03M
Basic earnings per share 19.67%1.4618.80%1.39-9.70%1.21-3.90%4.93-2.40%1.22-6.15%1.22-7.87%1.172.29%1.3433.25%5.13-8.76%1.25
Diluted earnings per share 19.67%1.4618.80%1.39-9.70%1.21-3.90%4.93-2.40%1.22-6.15%1.22-7.87%1.172.29%1.3433.25%5.13-8.76%1.25
Dividend per share 5.56%0.385.71%0.375.71%0.375.97%1.425.88%0.365.88%0.366.06%0.356.06%0.356.35%1.346.25%0.34
Currency Unit USDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Accounting Standards US-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAP
Audit Opinions ------Unqualified Opinion------------
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