Mercantile Bank Corporation (MBWM)

USD 39.49

(-0.89%)

Net Income Summary of Mercantile Bank Corporation

  • Mercantile Bank Corporation's latest annual net income in 2023 was 82.21 Million USD , up 34.64% from previous year.
  • Mercantile Bank Corporation's latest quarterly net income in 2024 Q3 was 19.61 Million USD , up 4.43% from previous quarter.
  • Mercantile Bank Corporation reported an annual net income of 61.06 Million USD in 2022, up 3.46% from previous year.
  • Mercantile Bank Corporation reported an annual net income of 59.02 Million USD in 2021, up 33.72% from previous year.
  • Mercantile Bank Corporation reported a quarterly net income of 19.61 Million USD for 2024 Q3, up 4.43% from previous quarter.
  • Mercantile Bank Corporation reported a quarterly net income of 21.56 Million USD for 2024 Q1, up 7.65% from previous quarter.

Annual Net Income Chart of Mercantile Bank Corporation (2023 - 1998)

Historical Annual Net Income of Mercantile Bank Corporation (2023 - 1998)

Year Net Income Net Income Growth
2023 82.21 Million USD 34.64%
2022 61.06 Million USD 3.46%
2021 59.02 Million USD 33.72%
2020 44.13 Million USD -10.75%
2019 49.45 Million USD 17.69%
2018 42.02 Million USD 34.37%
2017 31.27 Million USD -2.0%
2016 31.91 Million USD 18.11%
2015 27.02 Million USD 55.91%
2014 17.33 Million USD 1.75%
2013 17.03 Million USD 35.88%
2012 12.53 Million USD -66.56%
2011 37.48 Million USD 381.5%
2010 -13.31 Million USD 74.44%
2009 -52.08 Million USD -950.35%
2008 -4.95 Million USD -155.31%
2007 8.96 Million USD -54.82%
2006 19.84 Million USD 10.87%
2005 17.9 Million USD 30.46%
2004 13.72 Million USD 36.99%
2003 10.01 Million USD 29.12%
2002 7.75 Million USD 73.03%
2001 4.48 Million USD 60.39%
2000 2.79 Million USD 33.1%
1999 2.1 Million USD 289.36%
1998 -1.1 Million USD 0.0%

Peer Net Income Comparison of Mercantile Bank Corporation

Name Net Income Net Income Difference
Heritage Financial Corporation 61.75 Million USD -33.134%
LCNB Corp. 12.62 Million USD -551.069%
Medallion Bank 79.85 Million USD -2.962%
MidWestOne Financial Group, Inc. 20.85 Million USD -294.156%
Amerant Bancorp Inc. 32.49 Million USD -153.053%
Northrim BanCorp, Inc. 25.39 Million USD -223.765%
Northwest Bancshares, Inc. 134.95 Million USD 39.079%
Old National Bancorp 581.99 Million USD 85.873%
OP Bancorp 23.91 Million USD -243.745%
Pioneer Bancorp, Inc. 15.26 Million USD -438.775%
Peoples Bancorp Inc. 113.36 Million USD 27.475%
Peoples Financial Services Corp. 27.38 Million USD -200.281%
Pinnacle Financial Partners, Inc. 562.15 Million USD 85.375%
Republic Bancorp, Inc. 90.37 Million USD 9.026%
Richmond Mutual Bancorporation, Inc. 9.48 Million USD -766.643%
Red River Bancshares, Inc. 34.87 Million USD -135.721%
BayCom Corp 27.42 Million USD -199.789%
Riverview Bancorp, Inc. 3.79 Million USD -2064.175%
Burke & Herbert Bank & Trust Company 22.69 Million USD -262.317%
Shore Bancshares, Inc. 11.22 Million USD -632.25%
Southern Missouri Bancorp, Inc. 50.18 Million USD -63.838%
Brookline Bancorp, Inc. 74.99 Million USD -9.624%
Territorial Bancorp Inc. 5.02 Million USD -1535.508%
Texas Capital Bancshares, Inc. 189.14 Million USD 56.531%
Capital Bancorp, Inc. 35.87 Million USD -129.202%
William Penn Bancorporation 168 Thousand USD -48838.69%
WesBanco, Inc. 159.03 Million USD 48.302%
Waterstone Financial, Inc. 9.37 Million USD -776.981%
Wintrust Financial Corporation 622.62 Million USD 86.795%
Zions Bancorporation, National Association 642 Million USD 87.194%
The First Bancshares, Inc. 75.45 Million USD -8.959%
First Community Corporation 11.84 Million USD -594.224%
First Guaranty Bancshares, Inc. 9.21 Million USD -791.821%
First Interstate BancSystem, Inc. 257.5 Million USD 68.071%
FinWise Bancorp 17.46 Million USD -370.888%
Fifth Third Bancorp 2.34 Billion USD 96.5%
Farmers & Merchants Bancorp, Inc. 22.78 Million USD -260.807%
First United Corporation 15.06 Million USD -445.93%
Hope Bancorp, Inc. 133.67 Million USD 38.494%
MainStreet Bancshares, Inc. 26.58 Million USD -209.261%
Landmark Bancorp, Inc. 12.23 Million USD -571.927%
Flushing Financial Corporation 28.66 Million USD -186.83%
Pinnacle Financial Partners, Inc. 562.15 Million USD 85.375%
FS Bancorp, Inc. 36.05 Million USD -128.045%
Renasant Corporation 144.67 Million USD 43.172%
TFS Financial Corporation 79.58 Million USD -3.303%
First Financial Corporation 60.67 Million USD -35.511%
United Security Bancshares 19.79 Million USD -315.321%
USCB Financial Holdings, Inc. 16.54 Million USD -396.93%
Valley National Bancorp 498.51 Million USD 83.507%
WSFS Financial Corporation 269.15 Million USD 69.454%
Auburn National Bancorporation, Inc. 1.39 Million USD -5793.692%
Merchants Bancorp 279.23 Million USD 70.556%
Cullman Bancorp, Inc. 3.95 Million USD -1979.863%
Columbia Banking System, Inc. 348.71 Million USD 76.423%
Fidelity D & D Bancorp, Inc. 18.21 Million USD -351.494%
First Guaranty Bancshares, Inc. 9.21 Million USD -791.821%
Merchants Bancorp 279.23 Million USD 70.556%
Mid Penn Bancorp, Inc. 37.39 Million USD -119.849%
NBT Bancorp Inc. 118.78 Million USD 30.783%
Southern California Bancorp 25.91 Million USD -217.318%
Civista Bancshares, Inc. 42.96 Million USD -91.363%
Simmons First National Corporation 175.05 Million USD 53.034%
HomeStreet, Inc. -27.5 Million USD 398.884%
MVB Financial Corp. 19.43 Million USD -323.101%
CrossFirst Bankshares, Inc. 66.66 Million USD -23.321%
First Mid Bancshares, Inc. 68.93 Million USD -19.267%
Veritex Holdings, Inc. 108.26 Million USD 24.057%
Independent Bank Corp. 239.5 Million USD 65.672%
Kearny Financial Corp. -86.66 Million USD 194.865%
HarborOne Bancorp, Inc. 16.07 Million USD -411.395%
NB Bancorp, Inc. Common Stock 9.82 Million USD -736.814%
OptimumBank Holdings, Inc. 6.28 Million USD -1208.563%
Univest Financial Corporation 71.1 Million USD -15.629%
Bank OZK 690.78 Million USD 88.098%
OceanFirst Financial Corp. 104.02 Million USD 20.967%
The Bank of Princeton 25.76 Million USD -219.103%
Provident Bancorp, Inc. 10.95 Million USD -650.566%
Premier Financial Corp. 104.55 Million USD 21.363%
Citizens Financial Services, Inc. 17.81 Million USD -361.608%
Oconee Federal Financial Corp. 6.25 Million USD -1215.472%
First Financial Northwest, Inc. 6.3 Million USD -1203.997%
ESSA Bancorp, Inc. 16.99 Million USD -383.857%
First Western Financial, Inc. 5.22 Million USD -1473.531%
Triumph Financial, Inc. 41.08 Million USD -100.134%
QCR Holdings, Inc. 113.55 Million USD 27.599%
ChoiceOne Financial Services, Inc. 21.26 Million USD -286.703%
Blue Foundry Bancorp -7.39 Million USD 1211.491%
Huntington Bancshares Incorporated 1.95 Billion USD 95.786%
First Bank 20.89 Million USD -293.439%
Five Star Bancorp 47.73 Million USD -72.24%
Financial Institutions, Inc. 50.26 Million USD -63.57%
CF Bankshares Inc. 16.93 Million USD -385.428%
United Bankshares, Inc. 366.31 Million USD 77.556%
Capital City Bank Group, Inc. 52.25 Million USD -57.329%
RBB Bancorp 42.46 Million USD -93.611%
Southern States Bancshares, Inc. 31.95 Million USD -157.314%
Northeast Bank 58.23 Million USD -41.191%
Hawthorn Bancshares, Inc. 956 Thousand USD -8500.105%
SmartFinancial, Inc. 28.59 Million USD -187.542%
AmeriServ Financial, Inc. -3.34 Million USD 2557.173%
FFBW, Inc. 1.5 Million USD -5348.443%
Sandy Spring Bancorp, Inc. 122.84 Million USD 33.072%
Citizens & Northern Corporation 24.14 Million USD -240.471%
Preferred Bank 150.04 Million USD 45.203%
Primis Financial Corp. -7.83 Million USD 1149.757%
Union Bankshares, Inc. 11.25 Million USD -630.363%
CNB Financial Corporation 58.02 Million USD -41.705%
Sound Financial Bancorp, Inc. 7.43 Million USD -1005.216%
Fulton Financial Corporation 284.28 Million USD 71.079%
Generations Bancorp NY, Inc. -1.56 Million USD 5346.777%
Ames National Corporation 10.81 Million USD -660.072%
United Bancorp, Inc. 8.95 Million USD -818.626%
SB Financial Group, Inc. 12.09 Million USD -579.76%
Wintrust Financial Corporation 622.62 Million USD 86.795%
Hanmi Financial Corporation 80.04 Million USD -2.719%
Commerce Bancshares, Inc. 477.06 Million USD 82.766%
BOK Financial Corporation 530.74 Million USD 84.509%
Southern First Bancshares, Inc. 13.42 Million USD -512.372%
Middlefield Banc Corp. 17.36 Million USD -373.382%
Eagle Bancorp Montana, Inc. 10.05 Million USD -717.591%
Coastal Financial Corporation 44.57 Million USD -84.43%
Glen Burnie Bancorp 1.42 Million USD -5653.464%
Northfield Bancorp, Inc. (Staten Island, NY) 37.66 Million USD -118.262%
CNB Financial Corporation 58.02 Million USD -41.705%
Investar Holding Corporation 16.67 Million USD -392.967%
West Bancorporation, Inc. 24.13 Million USD -240.626%
Plumas Bancorp 29.77 Million USD -176.118%
Eagle Bancorp, Inc. 100.53 Million USD 18.22%
SR Bancorp, Inc. Common stock -10.86 Million USD 857.063%
Columbia Financial, Inc. 36.08 Million USD -127.836%
First Community Bankshares, Inc. 48.02 Million USD -71.214%
Pathfinder Bancorp, Inc. 9.29 Million USD -784.72%
Popular, Inc. 541.34 Million USD 84.812%
TowneBank 153.71 Million USD 46.513%
Arrow Financial Corporation 30.07 Million USD -173.373%
Colony Bankcorp, Inc. 21.74 Million USD -278.061%
Trustmark Corporation 165.48 Million USD 50.319%
Wintrust Financial Corporation 622.62 Million USD 86.795%
Finward Bancorp 8.38 Million USD -881.11%
Provident Financial Holdings, Inc. 7.35 Million USD -1018.446%
Eastern Bankshares, Inc. 232.17 Million USD 64.589%
Esquire Financial Holdings, Inc. 41.01 Million USD -100.475%
Bank First Corporation 74.51 Million USD -10.338%
Peapack-Gladstone Financial Corporation 48.85 Million USD -68.291%
Camden National Corporation 43.38 Million USD -89.514%
Stock Yards Bancorp, Inc. 107.74 Million USD 23.695%
BCB Bancorp, Inc. 29.48 Million USD -178.862%
Oak Valley Bancorp 30.84 Million USD -166.523%
Summit State Bank 10.82 Million USD -659.721%
MainStreet Bancshares, Inc. 26.58 Million USD -209.261%
C&F Financial Corporation 23.6 Million USD -248.318%
Valley National Bancorp 498.51 Million USD 83.507%
SHF Holdings, Inc. -17.27 Million USD 575.797%
Bridgewater Bancshares, Inc. 39.96 Million USD -105.748%
Westamerica Bancorporation 161.76 Million USD 49.176%
Chemung Financial Corporation 25 Million USD -228.868%
Hancock Whitney Corporation 392.6 Million USD 79.058%
Fifth Third Bancorp 2.34 Billion USD 96.5%
Sierra Bancorp 34.84 Million USD -135.957%
ACNB Corporation 31.68 Million USD -159.458%
City Holding Company 114.36 Million USD 28.11%
Rhinebeck Bancorp, Inc. 4.39 Million USD -1770.694%
Enterprise Financial Services Corp 194.05 Million USD 57.633%
PB Bankshares, Inc. 1.91 Million USD -4184.367%
Ponce Financial Group, Inc. 3.35 Million USD -2352.774%
Guaranty Bancshares, Inc. 30.03 Million USD -173.719%
Broadway Financial Corporation 4.51 Million USD -1721.378%
Lake Shore Bancorp, Inc. 4.82 Million USD -1605.747%
Affinity Bancshares, Inc. 6.44 Million USD -1175.078%
Business First Bancshares, Inc. 71.04 Million USD -15.729%
Amalgamated Financial Corp. 87.97 Million USD 6.548%
German American Bancorp, Inc. 85.88 Million USD 4.274%
Citizens Community Bancorp, Inc. 13.05 Million USD -529.581%
Meridian Corporation 13.24 Million USD -520.834%
Capitol Federal Financial, Inc. 38.01 Million USD -116.304%
Old Second Bancorp, Inc. 91.72 Million USD 10.37%
First National Corporation 9.62 Million USD -754.291%
Huntington Bancshares Incorporated 1.95 Billion USD 95.786%
Western New England Bancorp, Inc. 15.06 Million USD -445.64%
Hingham Institution for Savings 26.37 Million USD -211.771%
CFSB Bancorp, Inc. 33 Thousand USD -249042.424%
Old National Bancorp 581.99 Million USD 85.873%
Bank7 Corp. 28.27 Million USD -190.776%
Carver Bancorp, Inc. -2.97 Million USD 2861.74%
Fifth Third Bancorp 2.34 Billion USD 96.5%
Bank OZK 690.78 Million USD 88.098%
Hanover Bancorp, Inc. 15.16 Million USD -442.185%
OceanFirst Financial Corp. 104.02 Million USD 20.967%
Fulton Financial Corporation 284.28 Million USD 71.079%
Equity Bancshares, Inc. 7.82 Million USD -951.234%
Ameris Bancorp 269.1 Million USD 69.448%
Pathward Financial, Inc. 166.81 Million USD 50.714%
Independent Bank Group, Inc. 43.2 Million USD -90.313%
Bank of Marin Bancorp 19.89 Million USD -313.255%
Carter Bankshares, Inc. 23.38 Million USD -251.595%
First Citizens BancShares, Inc. 11.46 Billion USD 99.283%
1st Source Corporation 124.92 Million USD 34.188%
BancFirst Corporation 212.46 Million USD 61.303%
Huntington Bancshares Incorporated 1.95 Billion USD 95.786%
South Plains Financial, Inc. 62.74 Million USD -31.034%
Old National Bancorp 581.99 Million USD 85.873%
Independent Bank Corporation 59.06 Million USD -39.193%
S&T Bancorp, Inc. 144.78 Million USD 43.213%
PCB Bancorp 30.7 Million USD -167.764%
Parke Bancorp, Inc. 28.46 Million USD -188.866%
Bogota Financial Corp. 642.53 Thousand USD -12695.723%
Pacific Premier Bancorp, Inc. 30.85 Million USD -166.488%
Catalyst Bancorp, Inc. 602 Thousand USD -13557.309%
SHF Holdings, Inc. -17.27 Million USD 575.797%
BayFirst Financial Corp. 5.7 Million USD -1341.898%
Patriot National Bancorp, Inc. -4.17 Million USD 2067.385%
MetroCity Bankshares, Inc. 51.61 Million USD -59.295%
First Capital, Inc. 12.79 Million USD -542.823%
Peoples Bancorp of North Carolina, Inc. 15.54 Million USD -428.863%
Mid-Southern Bancorp, Inc. 1.45 Million USD -5546.772%
Texas Capital Bancshares, Inc. 189.14 Million USD 56.531%
Orrstown Financial Services, Inc. 35.66 Million USD -130.539%
First Hawaiian, Inc. 234.98 Million USD 65.012%
First Merchants Corporation 223.78 Million USD 63.261%
Signature Bank 1.33 Billion USD 93.851%
Enterprise Bancorp, Inc. 38.05 Million USD -116.031%
TriCo Bancshares 117.39 Million USD 29.963%
First Business Financial Services, Inc. 37.02 Million USD -122.046%
Zions Bancorporation, National Association 642 Million USD 87.194%
Midland States Bancorp, Inc. 75.46 Million USD -8.954%
First Financial Bankshares, Inc. 198.97 Million USD 58.68%
Merchants Bancorp 279.23 Million USD 70.556%
Tectonic Financial, Inc. 13.66 Million USD -501.573%
First US Bancshares, Inc. 8.48 Million USD -868.969%
The Bancorp, Inc. 192.29 Million USD 57.245%
Merchants Bancorp 279.23 Million USD 70.556%
Alerus Financial Corporation 11.69 Million USD -602.95%
Old Point Financial Corporation 7.73 Million USD -963.609%
ConnectOne Bancorp, Inc. 87 Million USD 5.501%
John Marshall Bancorp, Inc. 5.15 Million USD -1493.971%
First Bancorp 104.13 Million USD 21.045%
Community West Bancshares 25.53 Million USD -221.965%
The First Bancorp, Inc. 29.51 Million USD -178.532%
Farmers National Banc Corp. 49.93 Million USD -64.658%
First Internet Bancorp - Fixed- 8.41 Million USD -876.797%
International Bancshares Corporation 411.76 Million USD 80.033%
Washington Federal, Inc. 200.04 Million USD 58.9%
Bridgewater Bancshares, Inc. 39.96 Million USD -105.748%
Bank of the James Financial Group, Inc. 8.7 Million USD -844.589%
Valley National Bancorp 498.51 Million USD 83.507%
Lakeland Financial Corporation 93.76 Million USD 12.318%
The First of Long Island Corporation 26.23 Million USD -213.339%
CVB Financial Corp. 221.43 Million USD 62.871%
Orange County Bancorp, Inc. 29.47 Million USD -178.91%
Heritage Commerce Corp 64.44 Million USD -27.581%
First Financial Bancorp. 255.86 Million USD 67.867%
National Bankshares, Inc. 15.69 Million USD -423.976%
Virginia National Bankshares Corporation 19.26 Million USD -326.813%
TrustCo Bank Corp NY 58.64 Million USD -40.192%
First Busey Corporation 122.56 Million USD 32.92%
Dime Community Bancshares, Inc. 96.09 Million USD 14.441%
Triumph Financial, Inc. 41.08 Million USD -100.134%
Zions Bancorporation, National Association 642 Million USD 87.194%
Greene County Bancorp, Inc. 24.76 Million USD -231.935%
WesBanco, Inc. 159.03 Million USD 48.302%
Midland States Bancorp, Inc. 75.46 Million USD -8.954%
Huntington Bancshares Incorporated 1.95 Billion USD 95.786%
NSTS Bancorp, Inc. -3.95 Million USD 2177.761%
Dime Community Bancshares, Inc. 96.09 Million USD 14.441%
UMB Financial Corporation 350.02 Million USD 76.511%
1895 Bancorp of Wisconsin, Inc. -6.79 Million USD 1310.498%
Home Federal Bancorp, Inc. of Louisiana 3.59 Million USD -2188.255%
Timberland Bancorp, Inc. 24.28 Million USD -238.578%
Cathay General Bancorp 354.12 Million USD 76.783%
HomeTrust Bancshares, Inc. 49.64 Million USD -65.62%
CB Financial Services, Inc. 22.55 Million USD -264.599%
First Savings Financial Group, Inc. 13.59 Million USD -504.893%
HBT Financial, Inc. 65.84 Million USD -24.87%
Kentucky First Federal Bancorp -1.72 Million USD 4877.281%
Fifth Third Bancorp 2.34 Billion USD 96.5%
FVCBankcorp, Inc. 3.82 Million USD -2051.151%
Magyar Bancorp, Inc. 7.78 Million USD -956.366%
Heartland Financial USA, Inc. 79.92 Million USD -2.874%
First Merchants Corporation 223.78 Million USD 63.261%
Third Coast Bancshares, Inc. 33.4 Million USD -146.151%
ECB Bancorp, Inc. 4.45 Million USD -1745.085%
Republic First Bancorp, Inc. 25.17 Million USD -226.569%
Heartland Financial USA, Inc. 79.92 Million USD -2.874%
Unity Bancorp, Inc. 39.7 Million USD -107.059%
Franklin Financial Services Corporation 13.59 Million USD -504.626%
SouthState Corporation 494.3 Million USD 83.367%
Bankwell Financial Group, Inc. 36.66 Million USD -124.251%
Banner Corporation 183.62 Million USD 55.225%
Hancock Whitney Corporation - 6 392.6 Million USD 79.058%
Washington Federal, Inc. 200.04 Million USD 58.9%
Sterling Bancorp, Inc. (Southfield, MI) 7.41 Million USD -1009.092%
Stellar Bancorp, Inc. 130.49 Million USD 36.997%
Atlantic Union Bankshares Corporation 201.81 Million USD 59.262%
Great Southern Bancorp, Inc. 67.8 Million USD -21.264%
ConnectOne Bancorp, Inc. 87 Million USD 5.501%
First Citizens BancShares, Inc. 11.46 Billion USD 99.283%
Norwood Financial Corp. 16.75 Million USD -390.584%
First Citizens BancShares, Inc. 11.46 Billion USD 99.283%
Enterprise Financial Services Corp 194.05 Million USD 57.633%
First Foundation Inc. -199.06 Million USD 141.302%
Seacoast Banking Corporation of Florida 104.03 Million USD 20.97%
Northeast Community Bancorp, Inc. 46.27 Million USD -77.667%
Southside Bancshares, Inc. 86.69 Million USD 5.162%
BankFinancial Corporation 9.39 Million USD -775.301%
United Bancshares, Inc. 8.6 Million USD -855.345%
Penns Woods Bancorp, Inc. 16.6 Million USD -395.045%
First Seacoast Bancorp -10.65 Million USD 871.556%
Home Bancorp, Inc. 40.24 Million USD -104.317%
Texas Community Bancshares, Inc. -733 Thousand USD 11316.508%
Bank of South Carolina Corporation 5.49 Million USD -1396.592%
First Northwest Bancorp 2.28 Million USD -3496.544%
First Internet Bancorp 8.41 Million USD -876.797%
Ohio Valley Banc Corp. 12.63 Million USD -550.914%
TC Bancshares, Inc. 265.82 Thousand USD -30828.995%
HMN Financial, Inc. 6 Million USD -1269.142%
IF Bancorp, Inc. 1.79 Million USD -4493.128%
Horizon Bancorp, Inc. 27.98 Million USD -193.832%