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Mercantile Bank (MBWM) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Mercantile Bank Revenue Highlights

Latest Revenue (Y)

$371.80M

Latest Revenue (Q)

$65.48M

Main Segment (Y)

Credit and Debit Card

Mercantile Bank Revenue by Period

Mercantile Bank Revenue by Year

DateRevenueChange
2025-12-31$371.80M2.74%
2024-12-31$361.89M19.24%
2023-12-31$303.50M41.88%
2022-12-31$213.92M7.68%
2021-12-31$198.66M2.67%
2020-12-31$193.49M4.42%
2019-12-31$185.29M15.10%
2018-12-31$160.99M11.38%
2017-12-31$144.54M3.62%
2016-12-31$139.50M8.67%
2015-12-31$128.37M29.47%
2014-12-31$99.15M52.27%
2013-12-31$65.11M-4.12%
2012-12-31$67.91M-13.32%
2011-12-31$78.35M-19.55%
2010-12-31$97.39M-13.41%
2009-12-31$112.47M-12.38%
2008-12-31$128.35M-14.46%
2007-12-31$150.05M5.28%
2006-12-31$142.52M32.22%
2005-12-31$107.79M47.01%
2004-12-31$73.32M24.24%
2003-12-31$59.02M16.44%
2002-12-31$50.69M9.00%
2001-12-31$46.50M22.28%
2000-12-31$38.03M60.68%
1999-12-31$23.67M172.38%
1998-12-31$8.69M-

Mercantile Bank generated $371.80M in revenue during NA 2025, up 2.74% compared to the previous quarter, and up 192.16% compared to the same period a year ago.

Mercantile Bank Revenue by Quarter

DateRevenueChange
2025-09-30$65.48M-29.91%
2025-06-30$93.42M4.92%
2025-03-31$89.04M-3.90%
2024-12-31$92.66M-0.45%
2024-09-30$93.08M5.10%
2024-06-30$88.56M1.11%
2024-03-31$87.59M6.69%
2023-12-31$82.10M2.12%
2023-09-30$80.40M9.29%
2023-06-30$73.56M9.09%
2023-03-31$67.44M2.05%
2022-12-31$66.08M19.26%
2022-09-30$55.41M17.17%
2022-06-30$47.29M4.72%
2022-03-31$45.16M-9.10%
2021-12-31$49.68M-3.45%
2021-09-30$51.46M4.43%
2021-06-30$49.27M2.12%
2021-03-31$48.25M-7.13%
2020-12-31$51.95M6.24%
2020-09-30$48.90M1.56%
2020-06-30$48.15M8.24%
2020-03-31$44.48M-5.10%
2019-12-31$46.88M-0.24%
2019-09-30$46.99M1.82%
2019-06-30$46.15M1.95%
2019-03-31$45.27M6.35%
2018-12-31$42.57M5.90%
2018-09-30$40.19M3.41%
2018-06-30$38.87M-1.25%
2018-03-31$39.36M19.62%
2017-12-31$32.91M-1.03%
2017-09-30$33.25M6.45%
2017-06-30$31.23M-0.40%
2017-03-31$31.36M1.03%
2016-12-31$31.04M-2.19%
2016-09-30$31.73M1.83%
2016-06-30$31.16M-5.47%
2016-03-31$32.97M10.98%
2015-12-31$29.70M-0.66%
2015-09-30$29.90M2.89%
2015-06-30$29.06M1.82%
2015-03-31$28.54M0.13%
2014-12-31$28.51M-1.32%
2014-09-30$28.89M61.92%
2014-06-30$17.84M41.93%
2014-03-31$12.57M-12.01%
2013-12-31$14.29M4.45%
2013-09-30$13.68M4.53%
2013-06-30$13.08M-1.48%
2013-03-31$13.28M-3.76%
2012-12-31$13.80M1.17%
2012-09-30$13.64M1.41%
2012-06-30$13.45M-2.55%
2012-03-31$13.80M-3.87%
2011-12-31$14.36M1.84%
2011-09-30$14.10M-5.13%
2011-06-30$14.86M-2.24%
2011-03-31$15.20M-4.95%
2010-12-31$15.99M-1.43%
2010-09-30$16.22M-1.18%
2010-06-30$16.42M-3.21%
2010-03-31$16.96M2.89%
2009-12-31$16.48M10.65%
2009-09-30$14.90M6.29%
2009-06-30$14.02M3.89%
2009-03-31$13.49M-5.80%
2008-12-31$14.32M5.74%
2008-09-30$13.54M9.68%
2008-06-30$12.35M-6.95%
2008-03-31$13.27M-

Mercantile Bank generated $65.48M in revenue during Q3 2025, up -29.91% compared to the previous quarter, and up 73.94% compared to the same period a year ago.

Mercantile Bank Revenue Breakdown

Mercantile Bank Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24
Credit and Debit Card$9.21M$8.82M
Service Charges on Deposit and Sweep Accounts$8.13M$6.84M
Payroll Processing$3.47M$3.06M
Customer Service$876.00K$797.00K

Mercantile Bank's latest annual revenue breakdown by segment (product or service), as of Dec 25: Credit and Debit Card (42.45%), Service Charges on Deposit and Sweep Accounts (37.50%), Payroll Processing (16.01%), and Customer Service (4.04%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24
Service Charges on Deposit and Sweep Accounts$2.26M$2.06M$1.97M$1.84M$3.40M$1.75M$1.69M
Credit and Debit Card$2.29M$2.37M$2.35M$2.20M$4.30M$2.26M$2.27M
Customer Service$202.00K$298.00K$179.00K$197.00K$383.00K$231.00K$183.00K
Payroll Processing$825.00K$825.00K$783.00K$1.04M$1.66M$713.00K$686.00K

Mercantile Bank's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Credit and Debit Card (40.98%), Service Charges on Deposit and Sweep Accounts (40.60%), Payroll Processing (14.80%), and Customer Service (3.62%).

Mercantile Bank Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
AMTBAmerant Bancorp$655.25M$167.32M
MCBMetropolitan Bank$527.15M$132.00M
BFSTBusiness First Bancshares$511.93M$95.54M
CCNECNB Financial$404.86M$-119.67M
MBWMMercantile Bank$371.80M$65.48M
HBNCHorizon Bancorp$356.48M$-195.94M
HBTHBT Financial$293.33M$64.34M
HTBHomeTrust Bancshares$202.13M$74.15M
TRSTTrustCo Bank Corp NY$190.16M$2.53M
NBNNortheast Bank$121.54M$66.09M

MBWM Revenue FAQ

What is Mercantile Bank’s yearly revenue?

Mercantile Bank's yearly revenue for 2025 was $371.8M, representing an increase of 2.74% compared to 2024. The company's yearly revenue for 2024 was $361.89M, representing an increase of 19.24% compared to 2023. MBWM's yearly revenue for 2023 was $303.5M, representing an increase of 41.88% compared to 2022.

What is Mercantile Bank’s quarterly revenue?

Mercantile Bank's quarterly revenue for Q3 2025 was $65.48M, a -29.91% decrease from the previous quarter (Q2 2025), and a -29.65% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $93.42M, a 4.92% increase from the previous quarter (Q1 2025), and a 5.49% increase year-over-year (Q2 2024). MBWM's quarterly revenue for Q1 2025 was $89.04M, a -3.90% decrease from the previous quarter (Q4 2024), and a 1.65% increase year-over-year (Q1 2024).

What is Mercantile Bank’s revenue growth rate?

Mercantile Bank's revenue growth rate for the last 3 years (2023-2025) was 22.50%, and for the last 5 years (2021-2025) was 87.16%.

What are Mercantile Bank’s revenue streams?

Mercantile Bank's revenue streams in c 25 are Credit and Debit Card, Service Charges on Deposit and Sweep Accounts, Payroll Processing, and Customer Service. Credit and Debit Card generated $9.21M in revenue, accounting 42.45% of the company's total revenue, up 4.38% year-over-year. Service Charges on Deposit and Sweep Accounts generated $8.13M in revenue, accounting 37.50% of the company's total revenue, up 18.88% year-over-year. Payroll Processing generated $3.47M in revenue, accounting 16.01% of the company's total revenue, up 13.57% year-over-year. Customer Service generated $876K in revenue, accounting 4.04% of the company's total revenue, up 9.91% year-over-year.

What is Mercantile Bank’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Mercantile Bank was Credit and Debit Card. This segment made a revenue of $9.21M, representing 42.45% of the company's total revenue.