NASDAQ: MBWM
Mercantile Bank Revenue

Mercantile Bank revenue was $222.19M for the trailing 12 months ending Sep 30, 2024, with -5.3% growth year over year. Quarterly revenue for the quarter (Q3 2024) ending on Sep 30, 2024 was $56.9M, up 6.8% from last quarter. For the last reported fiscal year 2023 ending Dec 31, 2023, MBWM annual revenue was $218.0M, with 18.6% growth year-over-year.

MBWM past revenue growth

How has MBWM's revenue growth performed historically?

Company
1.83%
Industry
28.26%
Market
33.79%
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Revenue Growth vs Industry Performance
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Revenue Growth vs Market Performance
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Accelerating Revenue Growth Performance

MBWM revenue history

Current Revenue
$222.2M
Current Earnings
$80.0M
Current Profit Margin
36%
MBWM's has demonstrated consistent long-term... subscribe to Premium to read more.
Long-term Earnings Growth Trend Performance

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MBWM Revenue History By Year

MBWM Yearly RevenueMBWM RevenueMBWM ChangeMBWM Revenue Growth
2023-12-31$217.99M$34.22M+18.62%
2022-12-31$183.77M-$811.00k-0.44%
2021-12-31$184.58M$31.21M+20.35%
2020-12-31$153.37M$3.63M+2.42%
2019-12-31$149.74M$11.75M+8.51%
2018-12-31$137.99M$12.19M+9.69%
2017-12-31$125.80M$1.79M+1.45%
2016-12-31$124.01M$5.79M+4.90%
2015-12-31$118.21M$27.41M+30.18%
2014-12-31$90.81M$29.28M+47.58%
2013-12-31$61.53M$3.73M+6.46%
2012-12-31$57.80M$6.18M+11.96%
2011-12-31$51.62M$17.83M+52.75%
2010-12-31$33.79M$33.90M-31,102.75%
2009-12-31-$109.00k-$32.40M-100.34%
2008-12-31$32.29M-$18.07M-35.88%
2007-12-31$50.36M-$10.72M-17.55%
2006-12-31$61.07M$3.91M+6.84%
2005-12-31$57.16M$15.11M+35.92%
2004-12-31$42.06M$10.18M+31.95%
2003-12-31$31.87M$8.17M+34.45%
2002-12-31$23.71M$7.78M+48.84%
2001-12-31$15.93M$4.31M+37.15%
2000-12-31$11.61M$3.29M+39.53%
1999-12-31$8.32M$5.87M+238.97%
1998-12-31$2.46M$2.51M-4,708.44%
1997-12-31-$53.28kN/AN/A

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Mercantile Bank Revenue FAQ

What was MBWM's revenue last quarter?

On Invalid Date, Mercantile Bank (NASDAQ: MBWM) reported Q3 2024 revenue of $56.86 million up 3.56% year over year. In the same quarter last year, Mercantile Bank's revenue was $54.91 million.

What was Mercantile Bank's revenue in 2023?

Mercantile Bank's annual revenue for the twelve months ending Dec 31, 2023 was $217.99 million, a 18.62% increase year over year.

How much does Mercantile Bank make in a day?

Based on Mercantile Bank annual revenue for the past five years, MBWM makes an average of $487,369.32 per day.

What was Mercantile Bank's annual revenue growth in the past year?

As of Q1 2025, Mercantile Bank's revenue has grown 1.83% year over year. This is 26.43 percentage points lower than the US Banks - Regional industry revenue growth rate of 28.26%. Mercantile Bank's revenue in the past year totaled $222.19 million.

How much does Mercantile Bank make in a year?

Mercantile Bank's revenue by year for the past five years is:
  • Mercantile Bank's revenue for the twelve months ending Dec 31, 2023 was $217.99 million, a 18.62% increase year over year.
  • Mercantile Bank's annual revenue for Dec 31, 2022 was $183.77 million, a 0.44% decrease from 2021.
  • Mercantile Bank's annual revenue for 2021 was $184.58 million, a 20.35% increase from 2020.
  • Mercantile Bank's annual revenue for 2020 was $153.37 million, a 2.42% increase from 2019.
  • Mercantile Bank's annual revenue for 2019 was $149.74 million, a 8.51% increase from 2018.
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