MBWM
Mercantile Bank Corporation
NASDAQ: MBWM · FINANCIAL SERVICES · BANKS - REGIONAL
$50.69
-2.46% today
Updated 2026-04-29
Market cap
$875.64M
P/E ratio
9.08
P/S ratio
3.47x
EPS (TTM)
$5.58
Dividend yield
2.92%
52W range
$41 – $55
Volume
0.1M
Mercantile Bank Corporation (MBWM) Financial statements
SEC filings — annual and quarterly data.
Profit margin
36.40%
Operating margin
41.00%
ROE
13.70%
ROA
1.40%
Debt/equity
—
Margin trends — annual
Gross margin Operating margin Profit margin
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $142.52M | $19.85M | 42.85% | 20.22% | 13.93% |
| 2007 | $150.05M | $8.97M | 33.56% | 8.00% | 5.98% |
| 2008 | $128.35M | $-4.96M | 25.16% | -7.66% | -3.86% |
| 2009 | $112.47M | $-52.09M | -0.10% | -41.43% | -46.31% |
| 2010 | $97.39M | $-13.32M | 34.70% | -13.72% | -13.67% |
| 2011 | $78.35M | $37.48M | 65.88% | 12.92% | 47.84% |
| 2012 | $67.91M | $12.54M | 85.10% | 26.76% | 18.46% |
| 2013 | $65.11M | $17.03M | 94.49% | 38.59% | 26.16% |
| 2014 | $99.15M | $17.33M | 91.59% | 25.41% | 17.48% |
| 2015 | $128.37M | $27.02M | 92.09% | 30.25% | 21.05% |
| 2016 | $139.50M | $31.91M | 88.90% | 33.61% | 22.88% |
| 2017 | $144.54M | $31.27M | 87.03% | 31.88% | 21.64% |
| 2018 | $160.99M | $42.02M | 85.71% | 32.19% | 26.10% |
| 2019 | $185.29M | $49.46M | 80.81% | 32.63% | 26.69% |
| 2020 | $193.49M | $44.14M | 79.27% | 28.35% | 22.81% |
| 2021 | $198.66M | $59.02M | 92.38% | 37.11% | 29.71% |
| 2022 | $213.92M | $61.06M | 85.91% | 35.43% | 28.55% |
| 2023 | $303.50M | $82.22M | 71.82% | 33.84% | 27.09% |
| 2024 | $361.89M | $79.59M | 61.92% | 27.16% | 21.99% |
| 2025 | $371.80M | $88.75M | 64.03% | 27.46% | 23.87% |