Mercantile Bank Corporation (MBWM)

USD 38.78

(-1.7%)

Operating Income Summary of Mercantile Bank Corporation

  • Mercantile Bank Corporation's latest annual operating income in 2023 was 102.69 Million USD , up 171.3% from previous year.
  • Mercantile Bank Corporation's latest quarterly operating income in 2024 Q3 was 24.55 Million USD , up 15.76% from previous quarter.
  • Mercantile Bank Corporation reported an annual operating income of 99.38 Million USD in 2022, up 34.82% from previous year.
  • Mercantile Bank Corporation reported an annual operating income of 73.71 Million USD in 2021, up 34.4% from previous year.
  • Mercantile Bank Corporation reported a quarterly operating income of 24.55 Million USD for 2024 Q3, up 15.76% from previous quarter.
  • Mercantile Bank Corporation reported a quarterly operating income of 27.68 Million USD for 2024 Q1, up 9.83% from previous quarter.

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

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

Year Operating Income Operating Income Growth
2023 102.69 Million USD 171.3%
2022 99.38 Million USD 34.82%
2021 73.71 Million USD 34.4%
2020 54.84 Million USD -9.28%
2019 60.46 Million USD -17.99%
2018 73.72 Million USD 19.14%
2017 61.87 Million USD 4.04%
2016 59.47 Million USD 18.99%
2015 49.98 Million USD 36.81%
2014 36.53 Million USD 1.74%
2013 35.91 Million USD 14.41%
2012 31.38 Million USD 4.78%
2011 29.95 Million USD 62.53%
2010 18.43 Million USD 164.09%
2009 6.97 Million USD -89.27%
2008 65.02 Million USD -35.38%
2007 100.62 Million USD -3.69%
2006 104.48 Million USD 43.36%
2005 72.88 Million USD 60.35%
2004 45.45 Million USD 22.35%
2003 37.14 Million USD 6.44%
2002 34.9 Million USD 0.66%
2001 34.67 Million USD 20.99%
2000 28.65 Million USD 81.38%
1999 15.8 Million USD 249.56%
1998 4.52 Million USD 0.0%

Peer Operating Income Comparison of Mercantile Bank Corporation

Name Operating Income Operating Income Difference
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Merchants Bancorp 347.9 Million USD 70.481%
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Mid Penn Bancorp, Inc. 53.19 Million USD -93.08%
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Renasant Corporation 195.91 Million USD 47.581%
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First Financial Corporation 72.49 Million USD -41.667%
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QCR Holdings, Inc. 148.47 Million USD 30.831%
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Five Star Bancorp 76.08 Million USD -34.983%
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CF Bankshares Inc. - USD -Infinity%
United Bankshares, Inc. 436.23 Million USD 76.458%
Capital City Bank Group, Inc. -3.01 Million USD 3509.661%
RBB Bancorp 67.35 Million USD -52.486%
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United Bancorp, Inc. - USD -Infinity%
SB Financial Group, Inc. 14.71 Million USD -597.826%
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Hanmi Financial Corporation 123.89 Million USD 17.107%
Commerce Bancshares, Inc. 619.72 Million USD 83.428%
BOK Financial Corporation 844.29 Million USD 87.836%
Southern First Bancshares, Inc. 17.42 Million USD -489.31%
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Eagle Bancorp, Inc. 131 Million USD 21.604%
SR Bancorp, Inc. Common stock - USD -Infinity%
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SHF Holdings, Inc. -16.62 Million USD 717.836%
Bridgewater Bancshares, Inc. 62.18 Million USD -65.153%
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Hancock Whitney Corporation 604.35 Million USD 83.007%
Fifth Third Bancorp 4.43 Billion USD 97.684%
Sierra Bancorp 46.46 Million USD -121.029%
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City Holding Company 178.48 Million USD 42.462%
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Enterprise Financial Services Corp 246.52 Million USD 58.342%
PB Bankshares, Inc. 2.51 Million USD -3981.836%
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Old Second Bancorp, Inc. 124.4 Million USD 17.45%
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Huntington Bancshares Incorporated 2.38 Billion USD 95.692%
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Old National Bancorp 832.18 Million USD 87.659%
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Carver Bancorp, Inc. - USD -Infinity%
Fifth Third Bancorp 4.43 Billion USD 97.684%
Bank OZK 1.01 Billion USD 89.914%
Hanover Bancorp, Inc. 19.21 Million USD -434.557%
OceanFirst Financial Corp. 176.66 Million USD 41.869%
Fulton Financial Corporation 446.51 Million USD 77.0%
Equity Bancshares, Inc. 8.82 Million USD -1063.992%
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Pathward Financial, Inc. 198.79 Million USD 48.338%
Independent Bank Group, Inc. - USD -Infinity%
Bank of Marin Bancorp - USD -Infinity%
Carter Bankshares, Inc. 28.72 Million USD -257.575%
First Citizens BancShares, Inc. 3.33 Billion USD 96.917%
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BancFirst Corporation 269.94 Million USD 61.956%
Huntington Bancshares Incorporated 2.38 Billion USD 95.692%
South Plains Financial, Inc. 79.41 Million USD -29.316%
Old National Bancorp 832.18 Million USD 87.659%
Independent Bank Corporation 91.52 Million USD -12.209%
S&T Bancorp, Inc. 178.8 Million USD 42.563%
PCB Bancorp 43.26 Million USD -137.388%
Parke Bancorp, Inc. 54.3 Million USD -89.133%
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Pacific Premier Bancorp, Inc. 34.04 Million USD -201.692%
Catalyst Bancorp, Inc. 1.57 Million USD -6408.175%
SHF Holdings, Inc. -16.62 Million USD 717.836%
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Patriot National Bancorp, Inc. -4.27 Million USD 2499.51%
MetroCity Bankshares, Inc. 71.97 Million USD -42.693%
First Capital, Inc. - USD -Infinity%
Peoples Bancorp of North Carolina, Inc. 38.99 Million USD -163.338%
Mid-Southern Bancorp, Inc. 1.43 Million USD -7061.715%
Texas Capital Bancshares, Inc. 246.59 Million USD 58.353%
Orrstown Financial Services, Inc. 57.41 Million USD -78.887%
First Hawaiian, Inc. - USD -Infinity%
First Merchants Corporation 259.23 Million USD 60.383%
Signature Bank - USD -Infinity%
Enterprise Bancorp, Inc. 51.24 Million USD -100.408%
TriCo Bancshares 160.92 Million USD 36.183%
First Business Financial Services, Inc. - USD -Infinity%
Zions Bancorporation, National Association 1.02 Billion USD 89.99%
Midland States Bancorp, Inc. 107.57 Million USD 4.531%
First Financial Bankshares, Inc. - USD -Infinity%
Merchants Bancorp 347.9 Million USD 70.481%
Tectonic Financial, Inc. 19.05 Million USD -438.933%
First US Bancshares, Inc. 17.99 Million USD -470.677%
The Bancorp, Inc. 279.59 Million USD 63.268%
Merchants Bancorp 347.9 Million USD 70.481%
Alerus Financial Corporation - USD -Infinity%
Old Point Financial Corporation 533 Thousand USD -19168.105%
ConnectOne Bancorp, Inc. 116.95 Million USD 12.192%
John Marshall Bancorp, Inc. 16.08 Million USD -538.556%
First Bancorp - USD -Infinity%
Community West Bancshares - USD -Infinity%
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First Internet Bancorp - Fixed- 10.68 Million USD -860.881%
International Bancshares Corporation 525.81 Million USD 80.469%
Washington Federal, Inc. 256.05 Million USD 59.892%
Bridgewater Bancshares, Inc. 62.18 Million USD -65.153%
Bank of the James Financial Group, Inc. 10.27 Million USD -899.115%
Valley National Bancorp 954.28 Million USD 89.238%
Lakeland Financial Corporation 101.57 Million USD -1.107%
The First of Long Island Corporation 29.22 Million USD -251.372%
CVB Financial Corp. 353.19 Million USD 70.923%
Orange County Bancorp, Inc. 37.14 Million USD -176.452%
Heritage Commerce Corp 90.41 Million USD -13.581%
First Financial Bancorp. - USD -Infinity%
National Bankshares, Inc. 18.67 Million USD -449.928%
Virginia National Bankshares Corporation 23.27 Million USD -341.28%
TrustCo Bank Corp NY 94.46 Million USD -8.712%
First Busey Corporation - USD -Infinity%
Dime Community Bancshares, Inc. 174.1 Million USD 41.013%
Triumph Financial, Inc. 52.81 Million USD -94.45%
Zions Bancorporation, National Association 1.02 Billion USD 89.99%
Greene County Bancorp, Inc. - USD -Infinity%
WesBanco, Inc. 287.03 Million USD 64.22%
Midland States Bancorp, Inc. 107.57 Million USD 4.531%
Huntington Bancshares Incorporated 2.38 Billion USD 95.692%
NSTS Bancorp, Inc. -2.14 Million USD 4890.065%
Dime Community Bancshares, Inc. 174.1 Million USD 41.013%
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Home Federal Bancorp, Inc. of Louisiana 4.06 Million USD -2423.937%
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HomeTrust Bancshares, Inc. - USD -Infinity%
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HBT Financial, Inc. 88.58 Million USD -15.938%
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Magyar Bancorp, Inc. 11.1 Million USD -825.216%
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First Merchants Corporation 259.23 Million USD 60.383%
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Unity Bancorp, Inc. 52.99 Million USD -93.79%
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Banner Corporation 227.08 Million USD 54.775%
Hancock Whitney Corporation - 6 604.35 Million USD 83.007%
Washington Federal, Inc. 256.05 Million USD 59.892%
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Stellar Bancorp, Inc. 177.43 Million USD 42.122%
Atlantic Union Bankshares Corporation 233.1 Million USD 55.943%
Great Southern Bancorp, Inc. 85.34 Million USD -20.335%
ConnectOne Bancorp, Inc. 116.95 Million USD 12.192%
First Citizens BancShares, Inc. 3.33 Billion USD 96.917%
Norwood Financial Corp. 21.14 Million USD -385.666%
First Citizens BancShares, Inc. 3.33 Billion USD 96.917%
Enterprise Financial Services Corp 246.52 Million USD 58.342%
First Foundation Inc. -191.86 Million USD 153.527%
Seacoast Banking Corporation of Florida 238.36 Million USD 56.916%
Northeast Community Bancorp, Inc. 74.6 Million USD -37.659%
Southside Bancshares, Inc. 101.12 Million USD -1.552%
BankFinancial Corporation 18.57 Million USD -453.007%
United Bancshares, Inc. 40.87 Million USD -151.264%
Penns Woods Bancorp, Inc. - USD -Infinity%
First Seacoast Bancorp -5.24 Million USD 2056.544%
Home Bancorp, Inc. 50.17 Million USD -104.69%
Texas Community Bancshares, Inc. - USD -Infinity%
Bank of South Carolina Corporation 6.91 Million USD -1385.348%
First Northwest Bancorp 2.67 Million USD -3739.215%
First Internet Bancorp 10.68 Million USD -860.881%
Ohio Valley Banc Corp. 21.82 Million USD -370.514%
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HMN Financial, Inc. 8.55 Million USD -1100.737%
IF Bancorp, Inc. 2.35 Million USD -4260.892%
Horizon Bancorp, Inc. 66.9 Million USD -53.497%