Mercantile Bank Corporation (MBWM)

USD 39.49

(-0.89%)

Gross Profit Summary of Mercantile Bank Corporation

  • Mercantile Bank Corporation's latest annual gross profit in 2023 was 217.98 Million USD , up 59.47% from previous year.
  • Mercantile Bank Corporation's latest quarterly gross profit in 2024 Q3 was 93.07 Million USD , up 18.0% from previous quarter.
  • Mercantile Bank Corporation reported a annual gross profit of 190.32 Million USD in annual gross profit 2022, up 6.19% from previous year.
  • Mercantile Bank Corporation reported a annual gross profit of 179.22 Million USD in annual gross profit 2021, up 7.05% from previous year.
  • Mercantile Bank Corporation reported a quarterly gross profit of 93.07 Million USD for 2024 Q3, up 18.0% from previous quarter.
  • Mercantile Bank Corporation reported a quarterly gross profit of 76.72 Million USD for 2024 Q1, up 100.12% from previous quarter.

Annual Gross Profit Chart of Mercantile Bank Corporation (2023 - 1998)

Historical Annual Gross Profit of Mercantile Bank Corporation (2023 - 1998)

Year Gross Profit Gross Profit Growth
2023 217.98 Million USD 59.47%
2022 190.32 Million USD 6.19%
2021 179.22 Million USD 7.05%
2020 167.41 Million USD 10.51%
2019 151.49 Million USD 8.91%
2018 139.09 Million USD 8.03%
2017 128.74 Million USD 1.45%
2016 126.9 Million USD 8.27%
2015 117.21 Million USD 33.49%
2014 87.8 Million USD 61.62%
2013 54.32 Million USD -0.67%
2012 54.69 Million USD -6.53%
2011 58.51 Million USD -10.78%
2010 65.59 Million USD 11.38%
2009 58.89 Million USD 10.1%
2008 53.49 Million USD -12.92%
2007 61.42 Million USD -8.11%
2006 66.84 Million USD 9.67%
2005 60.95 Million USD 30.44%
2004 46.72 Million USD 31.0%
2003 35.67 Million USD 33.57%
2002 26.7 Million USD 45.96%
2001 18.29 Million USD 35.86%
2000 13.46 Million USD 32.03%
1999 10.2 Million USD 233.33%
1998 3.06 Million USD 0.0%

Peer Gross Profit Comparison of Mercantile Bank Corporation

Name Gross Profit Gross Profit Difference
Heritage Financial Corporation 239.53 Million USD 8.996%
LCNB Corp. 95 Million USD -129.447%
Medallion Bank 166.15 Million USD -31.197%
MidWestOne Financial Group, Inc. 162.59 Million USD -34.068%
Amerant Bancorp Inc. 328.9 Million USD 33.724%
Northrim BanCorp, Inc. 125.78 Million USD -73.297%
Northwest Bancshares, Inc. 526.63 Million USD 58.607%
Old National Bancorp 1.76 Billion USD 87.63%
OP Bancorp 81.21 Million USD -168.402%
Pioneer Bancorp, Inc. 74.19 Million USD -193.812%
Peoples Bancorp Inc. 422.33 Million USD 48.385%
Peoples Financial Services Corp. 163.61 Million USD -33.235%
Pinnacle Financial Partners, Inc. 1.6 Billion USD 86.391%
Republic Bancorp, Inc. 310.88 Million USD 29.881%
Richmond Mutual Bancorporation, Inc. 41.74 Million USD -422.237%
Red River Bancshares, Inc. 106.81 Million USD -104.076%
BayCom Corp 102.83 Million USD -111.976%
Riverview Bancorp, Inc. 48.32 Million USD -351.059%
Burke & Herbert Bank & Trust Company 164.84 Million USD -32.236%
Shore Bancshares, Inc. 128.69 Million USD -69.381%
Southern Missouri Bancorp, Inc. 273.07 Million USD 20.172%
Brookline Bancorp, Inc. 333.43 Million USD 34.624%
Territorial Bancorp Inc. 45.1 Million USD -383.29%
Texas Capital Bancshares, Inc. 1.07 Billion USD 79.732%
Capital Bancorp, Inc. 55.73 Million USD -291.122%
William Penn Bancorporation 19.95 Million USD -992.288%
WesBanco, Inc. 643.7 Million USD 66.135%
Waterstone Financial, Inc. 130.74 Million USD -66.729%
Wintrust Financial Corporation 2.15 Billion USD 89.891%
Zions Bancorporation, National Association 2.7 Billion USD 91.941%
The First Bancshares, Inc. 290.17 Million USD 24.877%
First Community Corporation 58.06 Million USD -275.434%
First Guaranty Bancshares, Inc. 91.56 Million USD -138.061%
First Interstate BancSystem, Inc. 954.2 Million USD 77.155%
FinWise Bancorp 57.46 Million USD -279.367%
Fifth Third Bancorp 12.64 Billion USD 98.276%
Farmers & Merchants Bancorp, Inc. 95.69 Million USD -127.799%
First United Corporation 31.14 Million USD -599.891%
Hope Bancorp, Inc. 1.09 Billion USD 80.083%
MainStreet Bancshares, Inc. 76.8 Million USD -183.813%
Landmark Bancorp, Inc. 56.17 Million USD -288.065%
Flushing Financial Corporation 176.81 Million USD -23.287%
Pinnacle Financial Partners, Inc. 1.6 Billion USD 86.391%
FS Bancorp, Inc. 139.01 Million USD -56.804%
Renasant Corporation 797.31 Million USD 72.66%
TFS Financial Corporation 758.77 Million USD 71.271%
First Financial Corporation 202.66 Million USD -7.559%
United Security Bancshares 53.43 Million USD -307.988%
USCB Financial Holdings, Inc. 108.42 Million USD -101.059%
Valley National Bancorp 1.82 Billion USD 88.042%
WSFS Financial Corporation 1.26 Billion USD 82.782%
Auburn National Bancorporation, Inc. 15.11 Million USD -1342.292%
Merchants Bancorp 522.5 Million USD 58.28%
Cullman Bancorp, Inc. 16.89 Million USD -1190.481%
Columbia Banking System, Inc. 1.78 Billion USD 87.78%
Fidelity D & D Bancorp, Inc. 72.34 Million USD -201.33%
First Guaranty Bancshares, Inc. 91.56 Million USD -138.061%
Merchants Bancorp 522.5 Million USD 58.28%
Mid Penn Bancorp, Inc. 163.36 Million USD -33.437%
NBT Bancorp Inc. 490.37 Million USD 55.546%
Southern California Bancorp 126.9 Million USD -71.778%
Civista Bancshares, Inc. 160.23 Million USD -36.039%
Simmons First National Corporation 781.54 Million USD 72.108%
HomeStreet, Inc. 178.77 Million USD -21.936%
MVB Financial Corp. 144.8 Million USD -50.539%
CrossFirst Bankshares, Inc. 231.01 Million USD 5.639%
First Mid Bancshares, Inc. 274.14 Million USD 20.484%
Veritex Holdings, Inc. 377.74 Million USD 42.293%
Independent Bank Corp. 795.72 Million USD 72.605%
Kearny Financial Corp. 140.6 Million USD -55.04%
HarborOne Bancorp, Inc. 163.44 Million USD -33.371%
NB Bancorp, Inc. Common Stock 145.63 Million USD -49.682%
OptimumBank Holdings, Inc. 23.11 Million USD -842.936%
Univest Financial Corporation 286.05 Million USD 23.794%
Bank OZK 2.25 Billion USD 90.315%
OceanFirst Financial Corp. 640.85 Million USD 65.985%
The Bank of Princeton 69.33 Million USD -214.407%
Provident Bancorp, Inc. 64.07 Million USD -240.192%
Premier Financial Corp. 294.46 Million USD 25.971%
Citizens Financial Services, Inc. 86.33 Million USD -152.485%
Oconee Federal Financial Corp. 30.65 Million USD -611.171%
First Financial Northwest, Inc. 43.52 Million USD -400.846%
ESSA Bancorp, Inc. 111.56 Million USD -95.389%
First Western Financial, Inc. 82.69 Million USD -163.595%
Triumph Financial, Inc. 417.5 Million USD 47.788%
QCR Holdings, Inc. 337.15 Million USD 35.344%
ChoiceOne Financial Services, Inc. 80.64 Million USD -170.319%
Blue Foundry Bancorp 43.72 Million USD -398.555%
Huntington Bancshares Incorporated 7.36 Billion USD 97.038%
First Bank 173.23 Million USD -25.832%
Five Star Bancorp -106.08 Million USD 305.48%
Financial Institutions, Inc. 200.27 Million USD -8.843%
CF Bankshares Inc. 51.05 Million USD -326.992%
United Bankshares, Inc. 1.02 Billion USD 78.713%
Capital City Bank Group, Inc. 220.6 Million USD 1.185%
RBB Bancorp 130.94 Million USD -66.477%
Southern States Bancshares, Inc. 82.89 Million USD -162.966%
Northeast Bank 263.76 Million USD 17.357%
Hawthorn Bancshares, Inc. 87.95 Million USD -147.835%
SmartFinancial, Inc. 152.4 Million USD -43.032%
AmeriServ Financial, Inc. 52.4 Million USD -315.936%
FFBW, Inc. 12.02 Million USD -1713.092%
Sandy Spring Bancorp, Inc. 419.33 Million USD 48.016%
Citizens & Northern Corporation 104.63 Million USD -108.34%
Preferred Bank 481.75 Million USD 54.751%
Primis Financial Corp. 135.79 Million USD -60.528%
Union Bankshares, Inc. 67 Million USD -225.355%
CNB Financial Corporation 217.17 Million USD -0.376%
Sound Financial Bancorp, Inc. 39.12 Million USD -457.101%
Fulton Financial Corporation 1.07 Billion USD 79.79%
Generations Bancorp NY, Inc. 9.45 Million USD -2206.507%
Ames National Corporation 53.84 Million USD -304.881%
United Bancorp, Inc. 40.9 Million USD -432.937%
SB Financial Group, Inc. 56.72 Million USD -284.262%
Wintrust Financial Corporation 2.15 Billion USD 89.891%
Hanmi Financial Corporation 238.25 Million USD 8.505%
Commerce Bancshares, Inc. 1.38 Billion USD 84.219%
BOK Financial Corporation 1.09 Billion USD 80.016%
Southern First Bancshares, Inc. 86.25 Million USD -152.728%
Middlefield Banc Corp. 68.89 Million USD -216.42%
Eagle Bancorp Montana, Inc. 83.74 Million USD -160.306%
Coastal Financial Corporation 261.91 Million USD 16.77%
Glen Burnie Bancorp 12.9 Million USD -1589.306%
Northfield Bancorp, Inc. (Staten Island, NY) 135.21 Million USD -61.222%
CNB Financial Corporation 217.17 Million USD -0.376%
Investar Holding Corporation 68.7 Million USD -217.267%
West Bancorporation, Inc. 170.37 Million USD -27.949%
Plumas Bancorp 80.09 Million USD -172.169%
Eagle Bancorp, Inc. 280.81 Million USD 22.373%
SR Bancorp, Inc. Common stock 38.37 Million USD -468.062%
Columbia Financial, Inc. 421.66 Million USD 48.303%
First Community Bankshares, Inc. 157.15 Million USD -38.712%
Pathfinder Bancorp, Inc. 41.17 Million USD -429.367%
Popular, Inc. 3.91 Billion USD 94.427%
TowneBank 941.58 Million USD 76.849%
Arrow Financial Corporation 130.56 Million USD -66.954%
Colony Bankcorp, Inc. 110.27 Million USD -97.671%
Trustmark Corporation 735.25 Million USD 70.352%
Wintrust Financial Corporation 2.15 Billion USD 89.891%
Finward Bancorp 96.52 Million USD -125.826%
Provident Financial Holdings, Inc. 38.92 Million USD -459.992%
Eastern Bankshares, Inc. 308.19 Million USD 29.268%
Esquire Financial Holdings, Inc. 105.93 Million USD -105.767%
Bank First Corporation 179.01 Million USD -21.773%
Peapack-Gladstone Financial Corporation 259.18 Million USD 15.895%
Camden National Corporation 161.19 Million USD -35.231%
Stock Yards Bancorp, Inc. -6.57 Billion USD 103.315%
BCB Bancorp, Inc. 108.15 Million USD -101.561%
Oak Valley Bancorp 73.9 Million USD -194.945%
Summit State Bank 65.44 Million USD -233.101%
MainStreet Bancshares, Inc. 76.8 Million USD -183.813%
C&F Financial Corporation 119.04 Million USD -83.111%
Valley National Bancorp 1.82 Billion USD 88.042%
SHF Holdings, Inc. -2173.73 Billion USD 100.01%
Bridgewater Bancshares, Inc. 111.84 Million USD -94.907%
Westamerica Bancorporation 284.01 Million USD 23.247%
Chemung Financial Corporation 95.74 Million USD -127.678%
Hancock Whitney Corporation 1.32 Billion USD 83.501%
Fifth Third Bancorp 12.64 Billion USD 98.276%
Sierra Bancorp 139.12 Million USD -56.686%
ACNB Corporation 106.42 Million USD -104.822%
City Holding Company 286.62 Million USD 23.947%
Rhinebeck Bancorp, Inc. 41.66 Million USD -423.154%
Enterprise Financial Services Corp 541.18 Million USD 59.721%
PB Bankshares, Inc. 12.26 Million USD -1677.028%
Ponce Financial Group, Inc. 69.08 Million USD -215.554%
Guaranty Bancshares, Inc. 116.58 Million USD -86.971%
Broadway Financial Corporation 33.88 Million USD -543.298%
Lake Shore Bancorp, Inc. 28.03 Million USD -677.529%
Affinity Bancshares, Inc. 29.7 Million USD -633.818%
Business First Bancshares, Inc. 245.83 Million USD 11.326%
Amalgamated Financial Corp. 274.57 Million USD 20.61%
German American Bancorp, Inc. 231.12 Million USD 5.682%
Citizens Community Bancorp, Inc. 93.82 Million USD -132.345%
Meridian Corporation 94.09 Million USD -131.675%
Capitol Federal Financial, Inc. 376.84 Million USD 42.154%
Old Second Bancorp, Inc. 291.97 Million USD 25.339%
First National Corporation 49.04 Million USD -344.447%
Huntington Bancshares Incorporated 7.36 Billion USD 97.038%
Western New England Bancorp, Inc. 78.29 Million USD -178.405%
Hingham Institution for Savings 190.52 Million USD -14.417%
CFSB Bancorp, Inc. 7.49 Million USD -2807.67%
Old National Bancorp 1.76 Billion USD 87.63%
Bank7 Corp. 70.64 Million USD -208.577%
Carver Bancorp, Inc. 29.2 Million USD -646.509%
Fifth Third Bancorp 12.64 Billion USD 98.276%
Bank OZK 2.25 Billion USD 90.315%
Hanover Bancorp, Inc. 56.98 Million USD -282.536%
OceanFirst Financial Corp. 640.85 Million USD 65.985%
Fulton Financial Corporation 1.07 Billion USD 79.79%
Equity Bancshares, Inc. 136.98 Million USD -59.137%
Ameris Bancorp 1.52 Billion USD 85.689%
Pathward Financial, Inc. 775.93 Million USD 71.907%
Independent Bank Group, Inc. 507.66 Million USD 57.061%
Bank of Marin Bancorp 105.2 Million USD -107.205%
Carter Bankshares, Inc. 134.18 Million USD -62.451%
First Citizens BancShares, Inc. 4.08 Billion USD 94.657%
1st Source Corporation 363.4 Million USD 40.015%
BancFirst Corporation 623.93 Million USD 65.062%
Huntington Bancshares Incorporated 7.36 Billion USD 97.038%
South Plains Financial, Inc. 210.95 Million USD -3.334%
Old National Bancorp 1.76 Billion USD 87.63%
Independent Bank Corporation 294.55 Million USD 25.994%
S&T Bancorp, Inc. 389.13 Million USD 43.982%
PCB Bancorp 99.31 Million USD -119.483%
Parke Bancorp, Inc. 72.95 Million USD -198.79%
Bogota Financial Corp. 16.23 Million USD -1242.497%
Pacific Premier Bancorp, Inc. 409.4 Million USD 46.755%
Catalyst Bancorp, Inc. 9.66 Million USD -2156.371%
SHF Holdings, Inc. -2173.73 Billion USD 100.01%
BayFirst Financial Corp. 75.74 Million USD -187.807%
Patriot National Bancorp, Inc. 27.07 Million USD -705.097%
MetroCity Bankshares, Inc. 119.69 Million USD -82.115%
First Capital, Inc. 42.22 Million USD -416.315%
Peoples Bancorp of North Carolina, Inc. 94.77 Million USD -130.003%
Mid-Southern Bancorp, Inc. 11.71 Million USD -1761.236%
Texas Capital Bancshares, Inc. 1.07 Billion USD 79.732%
Orrstown Financial Services, Inc. 169.9 Million USD -28.298%
First Hawaiian, Inc. 1.12 Billion USD 80.613%
First Merchants Corporation 654.31 Million USD 66.684%
Signature Bank 2.69 Billion USD 91.916%
Enterprise Bancorp, Inc. 161.44 Million USD -35.024%
TriCo Bancshares 394.06 Million USD 44.682%
First Business Financial Services, Inc. 143.89 Million USD -51.49%
Zions Bancorporation, National Association 2.7 Billion USD 91.941%
Midland States Bancorp, Inc. 281.47 Million USD 22.555%
First Financial Bankshares, Inc. 478.04 Million USD 54.4%
Merchants Bancorp 522.5 Million USD 58.28%
Tectonic Financial, Inc. 65.87 Million USD -230.902%
First US Bancshares, Inc. 40.41 Million USD -439.414%
The Bancorp, Inc. 447.81 Million USD 51.322%
Merchants Bancorp 522.5 Million USD 58.28%
Alerus Financial Corporation 166.16 Million USD -31.187%
Old Point Financial Corporation 55.33 Million USD -293.921%
ConnectOne Bancorp, Inc. 269.1 Million USD 18.996%
John Marshall Bancorp, Inc. 38.79 Million USD -461.883%
First Bancorp 546.24 Million USD 60.094%
Community West Bancshares 9.87 Million USD -2107.473%
The First Bancorp, Inc. 79.46 Million USD -174.337%
Farmers National Banc Corp. 170.49 Million USD -27.857%
First Internet Bancorp - Fixed- 84.37 Million USD -158.353%
International Bancshares Corporation 974.08 Million USD 77.621%
Washington Federal, Inc. 1.43 Billion USD 84.782%
Bridgewater Bancshares, Inc. 111.84 Million USD -94.907%
Bank of the James Financial Group, Inc. 39.36 Million USD -453.803%
Valley National Bancorp 1.82 Billion USD 88.042%
Lakeland Financial Corporation 241.04 Million USD 9.565%
The First of Long Island Corporation 92.45 Million USD -135.772%
CVB Financial Corp. 665.66 Million USD 67.252%
Orange County Bancorp, Inc. 93.94 Million USD -132.045%
Heritage Commerce Corp 191.47 Million USD -13.848%
First Financial Bancorp. 1.11 Billion USD 80.457%
National Bankshares, Inc. 41.7 Million USD -422.69%
Virginia National Bankshares Corporation 56.87 Million USD -283.269%
TrustCo Bank Corp NY 146.1 Million USD -49.201%
First Busey Corporation 50.82 Million USD -328.916%
Dime Community Bancshares, Inc. 350 Million USD 37.719%
Triumph Financial, Inc. 417.5 Million USD 47.788%
Zions Bancorporation, National Association 2.7 Billion USD 91.941%
Greene County Bancorp, Inc. 64.12 Million USD -239.964%
WesBanco, Inc. 643.7 Million USD 66.135%
Midland States Bancorp, Inc. 281.47 Million USD 22.555%
Huntington Bancshares Incorporated 7.36 Billion USD 97.038%
NSTS Bancorp, Inc. 4.89 Million USD -4354.189%
Dime Community Bancshares, Inc. 350 Million USD 37.719%
UMB Financial Corporation 1.32 Billion USD 83.559%
1895 Bancorp of Wisconsin, Inc. 10.27 Million USD -2021.125%
Home Federal Bancorp, Inc. of Louisiana 20.49 Million USD -963.616%
Timberland Bancorp, Inc. 105.94 Million USD -105.758%
Cathay General Bancorp 784.06 Million USD 72.198%
HomeTrust Bancshares, Inc. 186.36 Million USD -16.966%
CB Financial Services, Inc. 35.38 Million USD -515.977%
First Savings Financial Group, Inc. 133.91 Million USD -62.786%
HBT Financial, Inc. 219.54 Million USD 0.709%
Kentucky First Federal Bancorp 7.19 Million USD -2928.873%
Fifth Third Bancorp 12.64 Billion USD 98.276%
FVCBankcorp, Inc. 42.13 Million USD -417.344%
Magyar Bancorp, Inc. 52.18 Million USD -317.73%
Heartland Financial USA, Inc. 553.28 Million USD 60.601%
First Merchants Corporation 654.31 Million USD 66.684%
Third Coast Bancshares, Inc. 141.41 Million USD -54.153%
ECB Bancorp, Inc. 25.03 Million USD -770.594%
Republic First Bancorp, Inc. 149.72 Million USD -45.597%
Heartland Financial USA, Inc. 553.28 Million USD 60.601%
Unity Bancorp, Inc. 99.97 Million USD -118.051%
Franklin Financial Services Corporation 65.76 Million USD -231.47%
SouthState Corporation 1.94 Billion USD 88.789%
Bankwell Financial Group, Inc. 98.44 Million USD -121.434%
Banner Corporation 620.41 Million USD 64.864%
Hancock Whitney Corporation - 6 1.32 Billion USD 83.501%
Washington Federal, Inc. 1.43 Billion USD 84.782%
Sterling Bancorp, Inc. (Southfield, MI) 76.27 Million USD -185.803%
Stellar Bancorp, Inc. 590.81 Million USD 63.104%
Atlantic Union Bankshares Corporation 696.27 Million USD 68.692%
Great Southern Bancorp, Inc. 226.36 Million USD 3.702%
ConnectOne Bancorp, Inc. 269.1 Million USD 18.996%
First Citizens BancShares, Inc. 4.08 Billion USD 94.657%
Norwood Financial Corp. 64.64 Million USD -237.218%
First Citizens BancShares, Inc. 4.08 Billion USD 94.657%
Enterprise Financial Services Corp 541.18 Million USD 59.721%
First Foundation Inc. 573.69 Million USD 62.003%
Seacoast Banking Corporation of Florida 767.14 Million USD 71.584%
Northeast Community Bancorp, Inc. 99.82 Million USD -118.372%
Southside Bancshares, Inc. 241.7 Million USD 9.813%
BankFinancial Corporation 55.93 Million USD -289.731%
United Bancshares, Inc. 38.74 Million USD -462.651%
Penns Woods Bancorp, Inc. 63.33 Million USD -244.161%
First Seacoast Bancorp 9.31 Million USD -2240.936%
Home Bancorp, Inc. 132.48 Million USD -64.537%
Texas Community Bancshares, Inc. 11.41 Million USD -1809.328%
Bank of South Carolina Corporation 26.07 Million USD -735.896%
First Northwest Bancorp 64.12 Million USD -239.921%
First Internet Bancorp 84.37 Million USD -158.353%
Ohio Valley Banc Corp. 74.49 Million USD -192.625%
TC Bancshares, Inc. 14.9 Million USD -1362.479%
HMN Financial, Inc. 43.47 Million USD -401.387%
IF Bancorp, Inc. 22.08 Million USD -887.13%
Horizon Bancorp, Inc. 185.28 Million USD -17.651%