MBWM
NASDAQ · Banking
Mercantile Bank Corp
$51.05
+0.55 (+1.09%)
Financial Highlights (FY 2026)
Revenue
210.31M
Net Income
95.79M
Gross Margin
—
Profit Margin
32.1%
Rev Growth
+4.7%
D/E Ratio
0.56
Revenue & Net Income
Margin Trends
| FY 2026 | FY 2025 | FY 2024 | FY 2023 | |
|---|---|---|---|---|
| Gross Margin | — | — | 56.7% | 56.7% |
| Operating Margin | 39.8% | 35.8% | 22.5% | 19.8% |
| Profit Margin | 32.1% | 30.5% | 19.0% | 18.9% |
Income Statement
| FY 2026 | FY 2025 | FY 2024 | FY 2023 | |
|---|---|---|---|---|
| Revenue | 210.31M | 200.83M | 285.60M | 248.93M |
| Gross Profit | — | — | 161.82M | 141.04M |
| Operating Income | 83.75M | 71.98M | 64.21M | 49.34M |
| Net Income | 95.79M | 82.33M | 54.32M | 47.00M |
| Gross Margin | — | — | 56.7% | 56.7% |
| Operating Margin | 39.8% | 35.8% | 22.5% | 19.8% |
| Profit Margin | 32.1% | 30.5% | 19.0% | 18.9% |
| Rev Growth | +4.7% | +4.7% | +15.5% | +17.7% |
Balance Sheet
| FY 2026 | FY 2025 | FY 2024 | FY 2023 | |
|---|---|---|---|---|
| Total Debt | 154.01M | 154.01M | 483.96M | 516.51M |
| Total Equity | 277.04M | 277.04M | 748.45M | 647.83M |
| D/E Ratio | 0.56 | 0.56 | 0.65 | 0.80 |
Cash Flow
| FY 2026 | FY 2025 | FY 2024 | FY 2023 | |
|---|---|---|---|---|
| EBITDA | 117.96M | 107.01M | 103.71M | 89.98M |
| Free Cash Flow | — | — | 68.49M | 48.25M |