Mercantile Bank Corporation

Financial Services · Banks - Regional

58.00$ -1.4% vs. previous close Closing price · As of: Oct 7, 2026

Statements

Income Statement

Mercantile Bank Corporation (MBWM) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 98 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement MBWM
Line item	Q3 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	35	34	35	35	38	37	39	39	40	43	45	46	47	47	44	48	49	52	48	49	51	50	45	47	55	66	67	74	80	82	88	89	93	93	89	93	96	93	97	98	384
Cost of Revenue	3.9	3.9	3.8	4.5	5.4	5.1	4.8	5.8	6.0	6.4	8.8	9.6	9.4	7.7	8.4	14	9.3	8.3	5.6	1.8	6.7	1.1	5.1	5.7	8.7	11	13	20	25	27	31	35	36	36	34	34	34	32	28	29	123
Gross Profit	31	30	31	30	32	32	35	33	34	36	36	37	38	39	36	34	40	44	43	47	45	49	40	42	47	55	55	53	55	55	57	53	57	57	55	59	62	61	69	69	261
Research & Development	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, General & Administrative	14	13	13	13	14	14	14	15	15	16	15	16	16	16	16	17	19	19	18	19	19	25	16	16	17	9.3	17	16	17	21	18	18	20	24	20	20	21	22	27	25	95
Total Operating Expenses	20	18	20	20	20	20	21	21	22	22	22	22	22	23	23	23	26	26	25	25	26	33	26	27	27	29	29	28	29	30	30	30	32	34	31	33	35	37	42	38	151
Operating Income	11	12	11	11	12	12	13	12	12	14	15	14	16	16	13	11	13	18	18	22	19	15	14	15	20	27	26	25	26	25	27	24	25	23	24	26	27	25	27	31	111
Interest Expense	3.3	3.3	3.2	3.7	4.4	4.5	4.8	5.1	5.6	6.4	8.0	8.7	8.7	8.4	7.6	6.6	6.1	5.8	5.3	4.9	4.8	4.5	5.0	5.2	5.8	7.6	12	18	22	25	29	32	35	34	32	32	34	31	30	29	124
Pre-Tax Income	11	12	11	11	12	12	13	12	12	14	15	14	16	16	13	11	13	18	18	22	19	15	14	15	20	27	26	25	26	25	27	24	25	23	24	26	27	25	27	31	111
Income Tax Expense	3.6	4.0	3.4	3.3	3.7	4.5	2.6	2.2	2.4	2.7	2.8	2.7	3.0	2.5	2.5	2.0	2.5	3.7	3.3	4.2	3.5	3.6	2.8	2.9	3.9	5.1	5.2	5.0	5.1	5.2	5.4	4.7	4.9	3.6	4.5	3.3	3.7	1.8	4.6	5.3	15
Net Income	7.8	8.1	7.6	7.3	8.3	8.0	11	9.4	10	12	12	12	13	13	11	8.7	11	14	14	18	15	12	11	12	16	22	21	20	21	20	22	19	20	20	20	23	24	23	23	26	95
EBITDA	14	15	14	13	15	15	16	14	15	17	17	17	18	18	14	13	16	21	21	26	22	19	18	18	23	30	29	28	29	28	30	26	27	26	26	27	29	26	29	33	117

LTM = last twelve months (sum of the four most recent quarters).

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: October 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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