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 | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit and Debit Card [Member] | $10.17M | $9.59M | $9.21M | $9.10M | $8.99M | $8.90M | $8.82M | $8.84M | $8.82M | $8.98M | $8.91M | $8.83M | 3.9% | +13.1% |
| Service Charges on Deposit and Sweep Accounts [Member] | $9.47M | $8.78M | $8.13M | $7.74M | $7.43M | $7.15M | $6.84M | $6.52M | $6.14M | $5.51M | $4.95M | $4.87M | 3.6% | +27.6% |
| Payroll Processing [Member] | $3.60M | $3.53M | $3.47M | $3.41M | $3.30M | $3.20M | $3.06M | $2.90M | $2.77M | $2.66M | $2.51M | $2.45M | 1.4% | +9.1% |
| Interest Rate Swap Fees [Member] | $1.75M | $2.54M | $1.96M | $2.40M | $2.42M | $1.95M | $3.21M | – | – | – | – | – | 0.7% | -27.4% |
| Customer Service [Member] | $1.04M | $944.00K | $876.00K | $860.00K | $793.00K | $797.00K | $797.00K | $801.00K | $775.00K | $779.00K | $801.00K | $810.00K | 0.4% | +31.0% |
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.