Mercantile Bank Corp income statement

In fiscal 2025, Mercantile Bank Corp reported revenue of $243m, up 4.8% on the year before and net income of $88.8m, or $5.47 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Mercantile Bank Corp: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	59	66	59	55	54	88	117	127	129	139	151	167	180	190	226	231	243	272
Interest expense	54	32	20	13	11	11	11	13	16	22	34	26	19	24	78	—	—	—
Net interest income	51	56	51	47	47	78	101	106	110	120	125	122	124	158	194	191	201	225
Non-interest income	8	9	7	8	7	10	16	21	19	19	27	45	56	32	32	40	42	47
Non-interest expense	46	47	41	40	36	66	79	77	80	86	89	99	111	108	115	126	136	162
Provision for credit losses	59	32	7	−3	−7	−3	−1	3	3	1	2	14	−4	7	8	7	3	−4
Income before tax	−47	−13	10	18	25	25	39	47	46	52	60	55	74	76	103	98	103	113
Income tax	—	−0	−27	6	8	8	12	15	15	10	11	11	15	15	20	19	15	18
Net income	−52	−13	37	13	17	17	27	32	31	42	49	44	59	61	82	80	89	96
Diluted EPS	−$6.23	−$1.72	$4.07	$1.30	$1.95	$1.28	$1.62	$1.96	$1.90	$2.53	$3.01	$2.71	$3.69	$3.85	$5.13	$4.93	$5.47	$5.61
Diluted shares (average)	—	9m	9m	9m	9m	14m	17m	16m	16m	17m	16m	16m	16m	16m	16m	16m	16m	17m

US$ millions unless shown otherwise. Fiscal quarters.

Mercantile Bank Corp: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	59	57	61	62	62	68	69	73
Net interest income	48	49	49	52	51	56	57	61
Non-interest income	10	9	11	10	11	12	11	12
Non-interest expense	34	31	33	35	37	42	39	44
Provision for credit losses	2	2	2	0	−1	−2	−2	1
Income before tax	23	24	26	27	26	27	31	29
Income tax	4	5	3	4	3	5	5	5
Net income	20	20	23	24	23	23	26	24
Diluted EPS	$1.21	$1.21	$1.39	$1.46	$1.41	$1.32	$1.50	$1.39

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Mercantile Bank Corp's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mercantile Bank Corp.