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Mercantile Bank (MBWM) Consolidated Net Income: 2009-2024

Historic Consolidated Net Income for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $79.2 million.

  • Mercantile Bank's Consolidated Net Income rose 21.10% to $23.8 million in Q3 2025 from the same period last year, while for Sep 2025 it was $85.1 million, marking a year-over-year increase of 9.21%. This contributed to the annual value of $79.2 million for FY2024, which is 1.23% down from last year.
  • Latest data reveals that Mercantile Bank reported Consolidated Net Income of $79.2 million as of FY2024, which was down 1.23% from $80.2 million recorded in FY2023.
  • Mercantile Bank's Consolidated Net Income's 5-year high stood at $80.2 million during FY2023, with a 5-year trough of $39.9 million in FY2020.
  • Its 3-year average for Consolidated Net Income is $73.0 million, with a median of $79.2 million in 2024.
  • Its Consolidated Net Income has fluctuated over the past 5 years, first decreased by 19.32% in 2020, then soared by 47.91% in 2021.
  • Yearly analysis of 5 years shows Mercantile Bank's Consolidated Net Income stood at $39.9 million in 2020, then skyrocketed by 47.91% to $59.0 million in 2021, then increased by 1.17% to $59.7 million in 2022, then surged by 34.28% to $80.2 million in 2023, then decreased by 1.23% to $79.2 million in 2024.