Mercantile Bank Corporation (MBWM)

Mercantile Bank Revenue

In the year 2023, Mercantile Bank had annual revenue of $217.99M with 18.62% growth. Revenue in the quarter ending December 31, 2023 was $55.15M, a -0.39% decrease year-over-year.

• Revenue (ttm): $217.99M
• Revenue Growth: +18.62%
• P/S Ratio: 2.68
• Revenue / Employee: $339,545
• Employees: 642
• Market Cap: 583.26M USD

Revenue History

Fiscal Year End	Revenue	Change	Growth
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	-31,102.75%
Dec 31, 2009	-109.00K	-32.40M	-100.34%
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	15.11M	35.92%
Dec 31, 2004	42.06M	10.18M	31.95%
Dec 31, 2003	31.87M	8.17M	34.45%
Dec 31, 2002	23.71M	7.78M	48.84%
Dec 31, 2001	15.93M	4.31M	37.15%
Dec 31, 2000	11.61M	3.29M	39.53%
Dec 31, 1999	8.32M	5.87M	238.97%
Dec 31, 1998	2.46M	2.51M	-4,708.44%
Dec 31, 1997	-53.28K	-	-

Sources: Historical revenue is based on company filings submitted to the U.S. Securities and Exchange Commission (SEC). The most recent revenue numbers may be taken from company press releases.