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Mercantile Bank (MBWM)

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  • 53.680
  • +1.380+2.64%
Close Apr 17 16:00 ET
  • 53.680
  • 0.0000.00%
Post 20:01 ET
927.13MMarket Cap9.81P/E (TTM)

Mercantile Bank (MBWM) Income Statement

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(FY)Dec 31, 2025
(Q4)Dec 31, 2025
(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
Total revenue
4.83%242.65M
6.04%62.07M
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
Net interest income
5.21%201.04M
5.49%51.02M
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
-Net interest income
2.70%330.19M
-0.28%82.25M
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
-Interest income from loans and lease
-0.19%291.36M
-2.97%70.36M
-0.37%75.04M
1.57%73.96M
1.01%71.99M
15.66%291.92M
6.39%72.52M
15.74%75.32M
17.44%72.82M
24.70%71.27M
-Interest income from deposits
5.14%16.34M
-2.87%6.97M
10.33%4.3M
-12.32%2.14M
44.37%2.94M
102.07%15.54M
90.80%7.17M
38.94%3.9M
204.12%2.44M
527.47%2.03M
-Interest income from securities
60.25%22.5M
76.09%4.93M
50.14%6.3M
61.70%5.86M
58.17%5.41M
24.53%14.04M
48.67%2.8M
28.20%4.2M
16.49%3.62M
13.77%3.42M
-Total interest expense
-0.97%129.15M
-8.46%31.24M
-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
-Interest expense for deposit
1.10%102.51M
-7.81%24.78M
-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
-Interest expense for short termdebt
-3.28%7.46M
-13.33%1.81M
-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
-Interest expense for long term debt and capital securities
-9.99%19.18M
-9.87%4.66M
-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
Non interest income
3.02%41.61M
8.69%11.06M
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
-Total premiums earned
28.88%3.29M
168.01%1.33M
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
-Fees and commissions
9.07%33.84M
18.54%7.02M
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
-Other non interest income
-29.96%2.52M
37.64%746K
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
-Gain loss on sale of assets
-39.03%1.96M
----
----
----
----
-18.65%3.21M
----
----
----
----
Credit losses provision
56.76%-3.2M
146.67%700K
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
Non interest expense
6.64%134.14M
5.13%35.54M
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
Occupancy and equipment
-3.97%11.87M
-4.05%5.47M
-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
Selling and administrative expenses
6.77%87.58M
2.47%26.22M
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
-General and administrative expense
6.83%85.91M
2.39%24.55M
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
-Selling and marketing expense
3.74%1.66M
----
----
----
----
2.49%1.6M
----
----
----
----
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
10.49%34.7M
18.84%6.31M
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
Income from associates and other participating interests
Special income (charges)
-1.82M
-1.19M
-606K
0
Less:Restructuring and mergern&acquisition
--1.82M
--1.19M
--606K
----
----
--0
----
----
----
----
Other non-operating income (expenses)
Income before tax
5.30%103.49M
12.13%26.05M
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
Income tax
-21.15%14.74M
-11.00%3.21M
-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
Earnings from equity interest net of tax
Net income
11.51%88.75M
16.38%22.84M
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
Net Income continuous operations
11.51%88.75M
16.38%22.84M
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
Minority interest income
Net income attributable to the parent company
11.51%88.75M
16.38%22.84M
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
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders
11.51%88.75M
16.38%22.84M
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
Basic earnings per share
10.95%5.47
14.75%1.4
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
Diluted earnings per share
10.95%5.47
14.75%1.4
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
Dividend per share
5.63%1.5
5.56%0.38
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
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
--
--
--
--
Unqualified Opinion
--
--
--
--
(FY)Dec 31, 2025(Q4)Dec 31, 2025(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
Total revenue 4.83%242.65M6.04%62.07M7.65%62.39M7.38%60.94M-1.68%57.25M2.56%231.48M2.78%58.53M-0.43%57.96M2.82%56.75M5.23%58.23M
Net interest income 5.21%201.04M5.49%51.02M7.68%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%47.36M
-Net interest income 2.70%330.19M-0.28%82.25M2.67%85.64M3.90%81.96M4.71%80.34M18.48%321.5M11.77%82.49M17.23%83.41M19.66%78.88M26.85%76.72M
-Interest income from loans and lease -0.19%291.36M-2.97%70.36M-0.37%75.04M1.57%73.96M1.01%71.99M15.66%291.92M6.39%72.52M15.74%75.32M17.44%72.82M24.70%71.27M
-Interest income from deposits 5.14%16.34M-2.87%6.97M10.33%4.3M-12.32%2.14M44.37%2.94M102.07%15.54M90.80%7.17M38.94%3.9M204.12%2.44M527.47%2.03M
-Interest income from securities 60.25%22.5M76.09%4.93M50.14%6.3M61.70%5.86M58.17%5.41M24.53%14.04M48.67%2.8M28.20%4.2M16.49%3.62M13.77%3.42M
-Total interest expense -0.97%129.15M-8.46%31.24M-4.21%33.64M2.11%32.48M8.27%31.79M67.60%130.42M35.66%34.13M58.26%35.12M73.17%31.81M142.65%29.36M
-Interest expense for deposit 1.10%102.51M-7.81%24.78M-2.79%26.82M4.11%25.73M13.35%25.19M82.88%101.4M41.33%26.87M70.90%27.59M99.61%24.71M181.07%22.22M
-Interest expense for short termdebt -3.28%7.46M-13.33%1.81M-11.04%1.97M9.22%1.92M6.59%1.76M171.06%7.72M167.09%2.09M220.20%2.22M92.23%1.76M260.35%1.65M
-Interest expense for long term debt and capital securities -9.99%19.18M-9.87%4.66M-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%5.49M
Non interest income 3.02%41.61M8.69%11.06M7.46%10.39M18.40%11.46M-19.93%8.7M25.65%40.39M22.54%10.17M4.55%9.67M26.63%9.68M56.35%10.87M
-Total premiums earned 28.88%3.29M168.01%1.33M91.09%858K28.38%561K-53.67%543K70.33%2.56M80.07%497K6.40%449K8.71%437K192.27%1.17M
-Fees and commissions 9.07%33.84M18.54%7.02M3.15%8.7M22.13%10.3M-5.09%7.81M29.41%31.02M74.98%5.92M6.68%8.44M26.91%8.43M36.37%8.23M
-Other non interest income -29.96%2.52M37.64%746K5.89%827K-25.77%602K-76.26%348K32.18%3.6M-21.90%542K-14.64%781K35.62%811K184.66%1.47M
-Gain loss on sale of assets -39.03%1.96M-----------------18.65%3.21M----------------
Credit losses provision 56.76%-3.2M146.67%700K81.82%-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
Non interest expense 6.64%134.14M5.13%35.54M5.70%34.14M12.25%33.38M3.87%31.1M9.11%125.79M12.91%33.81M11.70%32.3M6.86%29.74M4.70%29.94M
Occupancy and equipment -3.97%11.87M-4.05%5.47M-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%2.29M
Selling and administrative expenses 6.77%87.58M2.47%26.22M3.95%21.09M15.62%20.71M7.24%19.56M12.94%82.03M15.12%25.58M17.58%20.29M8.82%17.91M9.32%18.24M
-General and administrative expense 6.83%85.91M2.39%24.55M3.95%21.09M15.62%20.71M7.24%19.56M13.17%80.42M16.08%23.98M17.58%20.29M8.82%17.91M9.32%18.24M
-Selling and marketing expense 3.74%1.66M----------------2.49%1.6M----------------
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 10.49%34.7M18.84%6.31M12.94%10.08M11.59%9.69M1.80%8.64M4.51%31.41M22.72%5.31M4.69%8.93M3.44%8.68M-3.60%8.49M
Income from associates and other participating interests
Special income (charges) -1.82M-1.19M-606K0
Less:Restructuring and mergern&acquisition --1.82M--1.19M--606K----------0----------------
Other non-operating income (expenses)
Income before tax 5.30%103.49M12.13%26.05M11.74%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%26.99M
Income tax -21.15%14.74M-11.00%3.21M-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%5.42M
Earnings from equity interest net of tax
Net income 11.51%88.75M16.38%22.84M21.10%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%21.56M
Net Income continuous operations 11.51%88.75M16.38%22.84M21.10%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%21.56M
Minority interest income
Net income attributable to the parent company 11.51%88.75M16.38%22.84M21.10%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%21.56M
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders 11.51%88.75M16.38%22.84M21.10%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%21.56M
Basic earnings per share 10.95%5.4714.75%1.419.67%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%1.34
Diluted earnings per share 10.95%5.4714.75%1.419.67%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%1.34
Dividend per share 5.63%1.55.56%0.385.56%0.385.71%0.375.71%0.375.97%1.425.88%0.365.88%0.366.06%0.356.06%0.35
Currency Unit USDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Accounting Standards US-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAP
Audit Opinions Unqualified Opinion--------Unqualified Opinion--------
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