MBWM Q1 2025 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

Q1 2025 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$89M+1.7% YoY

Gross Profit

$55M61.9% margin

Operating Income

$24M27.0% margin

Net Income

$20M21.9% margin

EPS (Diluted)

$1.21

QoQ Revenue Growth

-3.9%

Cash Flow

Operating Cash Flow

-$3M

Free Cash Flow

-$5M

Stock-Based Comp.

$786,000

Balance Sheet

Total Assets

$6.1B

Total Liabilities

$5.5B

Stockholders' Equity

$608M

Cash & Equivalents

$385M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$89M	$88M	+1.7%
Gross Profit	$55M	$57M	-3.1%
Operating Income	$24M	$27M	-10.9%
Net Income	$20M	$22M	-9.4%

Revenue Segments

Credit and Debit Card

$2M42%

Service Charges on Deposit and Sweep Accounts

$2M35%

Payroll Processing

$1M20%

Customer Service

$197,0004%