Buy Day today: Neutral (53) Mixed market breadth · no major macro event

Mercantile Bank Corporation (MBWM)

Financial Services Banks - Regional

60.10 $

+0.6% vs. previous close

Closing price · As of: 31. Jul 2026

Mercantile Bank Corporation (MBWM) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 98 million $. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow

Annual Quarterly

Income Statement MBWM
Tick rows to compare them in a chart (up to 4)	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	80	82	88	89	93	93	89	93	96	93	97	98	384
Cost of Revenue	25	27	31	35	36	36	34	34	34	32	28	29	123
Gross Profit	55	55	57	53	57	57	55	59	62	61	69	69	261
Selling, General & Administrative	17	21	18	18	20	24	20	20	21	22	27	–	–
Total Operating Expenses	29	30	30	30	32	34	31	33	35	37	42	38	151
Operating Income	26	25	27	24	25	23	24	26	27	25	27	31	111
Interest Expense	22	25	29	32	35	34	32	32	34	31	30	29	124
Pre-Tax Income	26	25	27	24	25	23	24	26	27	25	27	31	111
Income Tax Expense	5.1	5.2	5.4	4.7	4.9	3.6	4.5	3.3	3.7	1.8	4.6	5.3	15
Net Income	21	20	22	19	20	20	20	23	24	23	23	26	95
EBITDA	29	28	30	26	27	26	26	27	29	26	29	33	117

LTM = last twelve months (sum of the four most recent quarters).

Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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