MBWM NASDAQ
Mercantile Bank Corporation
1W: +2.9%
1M: +4.3%
3M: -2.1%
YTD: +10.5%
1Y: +17.2%
3Y: +134.2%
5Y: +89.7%
$52.20
-0.39 (-0.74%)
Weekly Expected Move ±3.4%
$46
$48
$50
$52
$53
Overview
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Dividends
Analysis
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Dark Pool
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Revenue Segmentation
By Product / Service
Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$372M
+2.7% ▲
5Y CAGR: +14.0%
Gross Profit
$238M
+6.2% ▲
5Y CAGR: +9.2%
Operating Income
$102M
+3.9% ▲
5Y CAGR: +13.2%
Net Income
$89M
+11.5% ▲
5Y CAGR: +15.0%
EPS (Diluted)
$5.46
+10.8% ▲
5Y CAGR: +15.0%
EBITDA
$107M
-2.1% ▼
5Y CAGR: +10.6%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $199M | $214M | $304M | $362M | $372M |
| YoY Growth | +2.7% | +7.7% | +41.9% | +19.2% | +2.7% |
| Cost of Revenue | $15M | $30M | $86M | $138M | $134M |
| Gross Profit | $184M | $184M | $218M | $224M | $238M |
| Gross Margin | 92.4% | 85.9% | 71.8% | 61.9% | 64.0% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $69M | $68M | $73M | $82M | $110M |
| Operating Expenses | $110M | $108M | $115M | $126M | $136M |
| Operating Income | $74M | $76M | $103M | $98M | $102M |
| Operating Margin | 37.1% | 35.4% | 33.8% | 27.2% | 27.5% |
| Interest Expense | $19M | $24M | $78M | $130M | $129M |
| Income Before Tax | $74M | $76M | $103M | $98M | $102M |
| Tax Expense | $15M | $15M | $20M | $19M | $13M |
| Net Income | $59M | $61M | $82M | $80M | $89M |
| Net Margin | 29.7% | 28.5% | 27.1% | 22.0% | 23.9% |
| EPS (Diluted) | $3.69 | $3.85 | $5.13 | $4.93 | $5.46 |
| EBITDA | $87M | $89M | $114M | $109M | $107M |
| Shares Outstanding | 16M | 16M | 16M | 16M | 16M |