Balance Sheet
Cash Flow Statement
Beginning Cash BalanceCapital ExpendituresCash from Financing ActivitiesCash from Investing ActivitiesCash from OperationsChange in Accured ExpensesChange in Acquisitions & DivestmentsChange in CashChange in Interest ReceivablesChange in LoansChange in Net LoansDepreciation & Amortization (CF)Depreciation and DepletionDividends Paid - CommonFree Cash FlowGains from Investment SecuritiesGains from Sales and DivestituresLong-Term Debt IssuancesLong-Term Debt RepaymentsNet Cash FlowNet IncomeOther financing activitiesShare-based CompensationShares IssuedShort-Term Debt issuances
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Mercantile Bank (MBWM) Net Income: 2009-2024

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

  • Mercantile Bank's 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.
  • As of FY2024, Mercantile Bank's Net Income stood at $79.2 million, which was down 1.23% from $80.2 million recorded in FY2023.
  • Mercantile Bank's Net Income's 5-year high stood at $80.2 million during FY2023, with a 5-year trough of $39.9 million in FY2020.
  • For the 3-year period, Mercantile Bank's Net Income averaged around $73.0 million, with its median value being $79.2 million (2024).
  • In the last 5 years, Mercantile Bank's Net Income declined by 19.32% in 2020 and then spiked by 47.91% in 2021.
  • Over the past 5 years, Mercantile Bank's Net Income (Yearly) stood at $39.9 million in 2020, then spiked by 47.91% to $59.0 million in 2021, then increased by 1.17% to $59.7 million in 2022, then spiked by 34.28% to $80.2 million in 2023, then dropped by 1.23% to $79.2 million in 2024.