Mercantile Bank Corporation (MBWM)

Mercantile Bank Revenue

Mercantile Bank had revenue of $62.19M in the quarter ending September 30, 2025, with 9.38% growth. This brings the company's revenue in the last twelve months to $233.71M, up 5.19% year-over-year. In the year 2024, Mercantile Bank had annual revenue of $224.08M with 2.79% growth.

• Revenue (ttm): $233.71M
• Revenue Growth: +5.19%
• P/S Ratio: 3.39
• Revenue / Employee: $342,689
• Employees: 682
• Market Cap: 795.45M

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2024	224.08M	6.09M	2.79%
Dec 31, 2023	217.99M	34.22M	18.62%
Dec 31, 2022	183.77M	-811.00K	-0.44%
Dec 31, 2021	184.58M	31.21M	20.35%
Dec 31, 2020	153.37M	3.63M	2.42%
Dec 31, 2019	149.74M	11.75M	8.51%
Dec 31, 2018	137.99M	12.19M	9.69%
Dec 31, 2017	125.80M	1.79M	1.45%
Dec 31, 2016	124.01M	5.79M	4.90%
Dec 31, 2015	118.21M	27.41M	30.18%
Dec 31, 2014	90.81M	29.28M	47.58%
Dec 31, 2013	61.53M	3.73M	6.46%
Dec 31, 2012	57.80M	6.18M	11.96%
Dec 31, 2011	51.62M	17.83M	52.75%
Dec 31, 2010	33.79M	33.90M	-
Dec 31, 2009	-109.00K	-32.40M	-
Dec 31, 2008	32.29M	-18.07M	-35.88%
Dec 31, 2007	50.36M	-10.72M	-17.55%
Dec 31, 2006	61.07M	3.91M	6.84%
Dec 31, 2005	57.16M	-	-