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MBWM Q1 2025 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena
MBWM
Mercantile Bank Corporation
$872M
Q1 2025 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$89M
+1.7% YoY
Gross Profit
$55M
61.9% margin
Operating Income
$24M
27.0% margin
Net Income
$20M
21.9% 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
$2M
42%
Service Charges on Deposit and Sweep Accounts
$2M
35%
Payroll Processing
$1M
20%
Customer Service
$197,000
4%
← FY 2025
All Quarters
Q2 2025 →