Balance Sheet
Cash Flow Statement
Capital ExpendituresCapital ExpendituresCash from Financing ActivitiesCash from Financing ActivitiesCash from Investing ActivitiesCash from Investing ActivitiesCash from OperationsCash from OperationsChange in Accured ExpensesChange in Accured ExpensesChange in Acquisitions & DivestmentsChange in Acquisitions & DivestmentsChange in CashChange in Interest ReceivablesChange in LoansChange in Net LoansDepreciation & Amortization (CF)Depreciation & Amortization (CF)Depreciation and DepletionDepreciation and DepletionDividends Paid - CommonDividends Paid - CommonFree Cash FlowFree Cash FlowGains from Investment SecuritiesGains from Investment SecuritiesGains from Sales and DivestituresGains from Sales and DivestituresLong-Term Debt IssuancesLong-Term Debt RepaymentsNet Cash FlowNet Cash FlowNet IncomeOther financing activitiesOther financing activitiesShare-based CompensationShare-based CompensationShares IssuedShort-Term Debt issuances
Daily Values
Growth Metrics
Income Statement
Others
Ratios

Mercantile Bank (MBWM) Net Income (2016 - 2026)

Mercantile Bank (MBWM) has disclosed Net Income for 11 consecutive years, with $22.7 million as the latest value for Q1 2026.

  • For Q1 2026, Net Income rose 16.11% year-over-year to $22.7 million; the TTM value through Mar 2026 reached $91.9 million, up 18.48%, while the annual FY2025 figure was $88.8 million, 11.51% up from the prior year.
  • Net Income hit $22.7 million in Q1 2026 for Mercantile Bank, down from $22.8 million in the prior quarter.
  • Across five years, Net Income topped out at $23.8 million in Q3 2025 and bottomed at $11.5 million in Q1 2022.
  • Average Net Income over 5 years is $19.6 million, with a median of $20.4 million recorded in 2023.
  • Year-over-year, Net Income tumbled 35.12% in 2022 and then soared 82.51% in 2023.
  • Mercantile Bank's Net Income stood at $20.4 million in 2022, then dropped by 2.05% to $20.0 million in 2023, then decreased by 2.02% to $19.6 million in 2024, then rose by 16.38% to $22.8 million in 2025, then decreased by 0.68% to $22.7 million in 2026.
  • According to Business Quant data, Net Income over the past three periods came in at $22.7 million, $22.8 million, and $23.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.