MBWMNasdaqState Commercial BanksFiscal year ends December 31
MERCANTILE BANK CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$58.42−0.19 (-0.32%)
Close on Oct 19, 2026
- Market cap
- $1.01B
- P/E (TTM)
- 10.3
- Dividend yield
- 2.57%
MERCANTILE BANK CORP revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit and Debit Card [Member] | $9.21M | $8.82M | $8.91M | $8.22M | $7.52M | $5.97M | $5.93M | $5.35M | $4.76M | $4.28M | 3.8% | +4.4% |
| Service Charges on Deposit and Sweep Accounts [Member] | $8.13M | $6.84M | $4.95M | $5.95M | $5.08M | $4.58M | $4.58M | – | – | – | 3.4% | +18.9% |
| Payroll Processing [Member] | $3.47M | $3.06M | $2.51M | $2.18M | $1.82M | $1.75M | $1.63M | – | – | – | 1.4% | +13.6% |
| Interest Rate Swap Fees [Member] | $1.96M | $3.21M | $3.95M | – | – | – | – | – | – | – | 0.8% | -39.0% |
| Customer Service [Member] | $876.00K | $797.00K | $801.00K | $852.00K | $857.00K | $757.00K | $759.00K | – | – | – | 0.4% | +9.9% |
| Deposit Account [Member] | – | – | – | – | – | $4.58M | $4.58M | $4.36M | $4.23M | $4.25M | – | – |
| Mortgage Banking [Member] | – | – | – | – | – | – | – | $4.11M | $4.42M | $3.87M | – | – |
By region
From the segment and revenue-disaggregation notes of Mercantile Bank's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.