Mercantile Bank (MBWM) Revenue & Revenue Breakdown
Mercantile Bank Revenue Highlights
Latest Revenue (Y)
$303.50M
Latest Revenue (Q)
$93.08M
Mercantile Bank Revenue by Period
Mercantile Bank Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $303.50M | 59.47% |
| 2022-12-31 | $190.32M | 6.19% |
| 2021-12-31 | $179.22M | 7.05% |
| 2020-12-31 | $167.42M | 10.51% |
| 2019-12-31 | $151.49M | 8.91% |
| 2018-12-31 | $139.09M | 8.03% |
| 2017-12-31 | $128.75M | 1.45% |
| 2016-12-31 | $126.91M | 8.27% |
| 2015-12-31 | $117.21M | 33.49% |
| 2014-12-31 | $87.81M | 61.62% |
| 2013-12-31 | $54.33M | -0.67% |
| 2012-12-31 | $54.70M | -6.53% |
| 2011-12-31 | $58.52M | -10.78% |
| 2010-12-31 | $65.59M | 11.38% |
| 2009-12-31 | $58.89M | 10.10% |
| 2008-12-31 | $53.49M | -12.92% |
| 2007-12-31 | $61.43M | -8.11% |
| 2006-12-31 | $66.85M | 9.67% |
| 2005-12-31 | $60.95M | 30.44% |
| 2004-12-31 | $46.73M | 31.00% |
| 2003-12-31 | $35.67M | 33.57% |
| 2002-12-31 | $26.71M | 45.96% |
| 2001-12-31 | $18.30M | 35.86% |
| 2000-12-31 | $13.47M | 32.03% |
| 1999-12-31 | $10.20M | 233.33% |
| 1998-12-31 | $3.06M | - |
Mercantile Bank generated $303.50M in revenue during NA 2023, up 59.47% compared to the previous quarter, and up 218.20% compared to the same period a year ago.
Mercantile Bank Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-09-30 | $93.08M | 5.10% |
| 2024-06-30 | $88.56M | 1.11% |
| 2024-03-31 | $87.59M | 18.68% |
| 2023-12-31 | $73.80M | 26.79% |
| 2023-09-30 | $58.21M | 5.46% |
| 2023-06-30 | $55.20M | -0.25% |
| 2023-03-31 | $55.34M | -5.35% |
| 2022-12-31 | $58.46M | 17.80% |
| 2022-09-30 | $49.63M | 17.98% |
| 2022-06-30 | $42.07M | 4.74% |
| 2022-03-31 | $40.16M | -11.08% |
| 2021-12-31 | $45.17M | -3.27% |
| 2021-09-30 | $46.69M | 5.24% |
| 2021-06-30 | $44.37M | 3.19% |
| 2021-03-31 | $43.00M | -6.90% |
| 2020-12-31 | $46.18M | 7.86% |
| 2020-09-30 | $42.82M | 3.03% |
| 2020-06-30 | $41.55M | 12.72% |
| 2020-03-31 | $36.87M | -4.19% |
| 2019-12-31 | $38.48M | 0.52% |
| 2019-09-30 | $38.28M | 2.22% |
| 2019-06-30 | $37.45M | 0.46% |
| 2019-03-31 | $37.28M | 3.01% |
| 2018-12-31 | $36.19M | 4.75% |
| 2018-09-30 | $34.55M | 2.29% |
| 2018-06-30 | $33.77M | -2.33% |
| 2018-03-31 | $34.58M | 5.09% |
| 2017-12-31 | $32.91M | -1.03% |
| 2017-09-30 | $33.25M | 6.45% |
| 2017-06-30 | $31.23M | -0.40% |
| 2017-03-31 | $31.36M | 1.03% |
| 2016-12-31 | $31.04M | -2.19% |
| 2016-09-30 | $31.73M | 1.83% |
| 2016-06-30 | $31.16M | -5.47% |
| 2016-03-31 | $32.97M | 10.98% |
| 2015-12-31 | $29.70M | -0.66% |
| 2015-09-30 | $29.90M | 2.89% |
| 2015-06-30 | $29.06M | 1.82% |
| 2015-03-31 | $28.54M | 0.13% |
| 2014-12-31 | $28.51M | -1.32% |
| 2014-09-30 | $28.89M | 61.92% |
| 2014-06-30 | $17.84M | 41.93% |
| 2014-03-31 | $12.57M | -12.01% |
| 2013-12-31 | $14.29M | 4.45% |
| 2013-09-30 | $13.68M | 4.53% |
| 2013-06-30 | $13.08M | -1.48% |
| 2013-03-31 | $13.28M | -3.76% |
| 2012-12-31 | $13.80M | 1.17% |
| 2012-09-30 | $13.64M | 1.41% |
| 2012-06-30 | $13.45M | -2.55% |
| 2012-03-31 | $13.80M | -3.87% |
| 2011-12-31 | $14.36M | 1.84% |
| 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 | $16.96M | 2.89% |
| 2009-12-31 | $16.48M | 10.65% |
| 2009-09-30 | $14.90M | 6.29% |
| 2009-06-30 | $14.02M | 3.89% |
| 2009-03-31 | $13.49M | -5.80% |
| 2008-12-31 | $14.32M | 5.74% |
| 2008-09-30 | $13.54M | 9.68% |
| 2008-06-30 | $12.35M | -6.95% |
| 2008-03-31 | $13.27M | - |
Mercantile Bank generated $93.08M in revenue during Q3 2024, up 5.10% compared to the previous quarter, and up 168.63% compared to the same period a year ago.
Mercantile Bank Revenue Breakdown
Mercantile Bank Revenue Breakdown by Product
Quarterly Revenue by Product
| Product/Service | Sep 24 | Jun 24 |
|---|---|---|
| Credit and Debit Card | $2.26M | $2.27M |
| Customer Service | $231.00K | $183.00K |
| Payroll Processing | $713.00K | $686.00K |
| Service Charges on Deposit and Sweep Accounts | $1.75M | $1.69M |
Mercantile Bank's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Credit and Debit Card (45.56%), Service Charges on Deposit and Sweep Accounts (35.39%), Payroll Processing (14.39%), and Customer Service (4.66%).
Mercantile Bank Peer Comparison by Revenue
MBWM Revenue FAQ
What is Mercantile Bank’s yearly revenue?
Mercantile Bank's yearly revenue for 2023 was $303.5M, representing an increase of 59.47% compared to 2022. The company's yearly revenue for 2022 was $190.32M, representing an increase of 6.19% compared to 2021. MBWM's yearly revenue for 2021 was $179.22M, representing an increase of 7.05% compared to 2020.
What is Mercantile Bank’s quarterly revenue?
Mercantile Bank's quarterly revenue for Q3 2024 was $93.08M, a 5.10% increase from the previous quarter (Q2 2024), and a 59.91% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $88.56M, a 1.11% increase from the previous quarter (Q1 2024), and a 60.45% increase year-over-year (Q2 2023). MBWM's quarterly revenue for Q1 2024 was $87.59M, a 18.68% increase from the previous quarter (Q4 2023), and a 58.29% increase year-over-year (Q1 2023).
What is Mercantile Bank’s revenue growth rate?
Mercantile Bank's revenue growth rate for the last 3 years (2021-2023) was 69.34%, and for the last 5 years (2019-2023) was 100.34%.