Mercantile Bank Corp
MBWM
NASDAQ
Banking
$60.33
USD
+1.71 (+2.92%)
At close: Jul 28, 2026, 4:00 PM EDT
Market Cap $1.01B
Volume 138.4K
Revenue
$379.88M
TTM
+4.6%
YoY
Gross Margin
67%
TTM
+5.0%
YoY
Net Income
$91.90M
TTM
+18.5%
YoY
Operating Cash Flow
$49.26M
TTM
-14.9%
YoY
Revenue & Net Income
USD Millions
Margins Trend
Percent of revenue
Income Statement Detail
USD Millions, except per-share and share count figures
Metric | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|
Revenue | 89.0 | 93.4 | 96.0 | 93.3 | 97.1 |
YoY Growth | +1.7% | +5.5% | +3.2% | +0.7% | +9.1% |
Cost of Revenue | 31.8 | 32.5 | 33.6 | 31.2 | 29.5 |
Gross Profit | 57.3 | 60.9 | 62.4 | 62.1 | 67.6 |
Selling, General & Administrative | 6.7 | 6.6 | 6.9 | 8.6 | 7.8 |
Other Operating Expenses | 4.9 | 6.1 | 6.7 | 6.3 | 10.6 |
Total Operating Expenses | 31.1 | 33.4 | 34.8 | 36.7 | 42.1 |
Operating Income | 24.0 | 26.0 | 27.4 | 26.0 | 27.3 |
EBITDA | 24.0 | 26.0 | 28.0 | 27.2 | 27.6 |
Other Income / Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Total Other Income / Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Income Before Income Taxes | 24.0 | 26.0 | 27.4 | 26.0 | 27.3 |
Income Taxes | 4.5 | 3.3 | 3.7 | 3.2 | 4.6 |
Net Income | 19.5 | 22.6 | 23.8 | 22.8 | 22.7 |
Consolidated Net Income / Loss | 19.5 | 22.6 | 23.8 | 22.8 | 22.7 |
Net Income Attributable to Common Shareholders | 19.5 | 22.6 | 23.8 | 22.8 | 22.7 |
Basic EPS | $1.21 | $1.39 | $1.46 | $1.41 | $1.32 |
Diluted EPS | $1.21 | $1.39 | $1.46 | $1.41 | $1.32 |
Basic Shares Outstanding | 16.2M | 16.2M | 16.2M | 16.2M | 17.2M |
Diluted Shares Outstanding | 16.2M | 16.2M | 16.2M | 16.2M | 17.2M |