MERCANTILE BANK CORP

MBWM · XNAS

CIK 1042729fmd_0YR8X042SQHMEGD1HYDRX9HN93Finance, Insurance and Real Estate · State Commercial BanksTemplate: Financials

Coverage: Jan 01, 2009 to Sep 30, 2026, 68 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total interest income	118	126	142	158	148	143	182	271	322	330
Total revenues	127	129	139	151	167	180	190	226	231	243
Net interest income	106	110	120	125	122	124	158	194	191	201
Provision for credit losses	3	3	1	2	14	(4)	7	8	7	3
Net interest income after provision	103	107	119	123	108	128	152	186	184	198
Non-interest income	21	19	19	27	45	56	32	32	40	42
Compensation and benefits	44	45	51	54	60	66	65	69	78	83
Non-interest expense	77	80	86	89	99	111	108	115	126	136
Interest expense	13	16	22	34	26	19	24	78	130	129
Income before taxes	47	46	52	60	55	74	76	103	98	103
Income tax expense	15	15	10	11	11	15	15	20	19	15
Net income from continuing operations	32	31	42	49	44	59	61	82	80	89
Net income	32	31	42	49	44	59	61	82	80	89
Net income to common shareholders	32	–	–	–	–	–	–	–	–	–