Filing Flows › Mercantile Bank (MBWM) › How it makes money
How Mercantile Bank (MBWM) makes money
Mercantile Bank (MBWM) made $73.2M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Net interest income brought in $60.9M (83%); Noninterest income brought in $12.3M (17%). Of every dollar of revenue, 40¢ was left as operating profit, 33¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net interest income | $60.9M | 83.2% | +6% | +17% |
| Noninterest income | $12.3M | 16.8% | +7% | +18% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $73.2M | 100.0% |
| Operating profit | $28.9M | 39.5% |
| Income tax | $4.9M | 6.7% |
| Net earnings | $24.1M | 32.9% |
| Operating cash flow | $47.1M | 64.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $73.2M | +17% |
From Mercantile Bank's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Mercantile Bank make money?
Mercantile Bank (MBWM) made $73.2M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Net interest income brought in $60.9M (83%); Noninterest income brought in $12.3M (17%). Of every dollar of revenue, 40¢ was left as operating profit, 33¢ was left as net earnings.
What is Mercantile Bank's biggest business?
Net interest income: $60.9M in the third quarter 2026, 83% of revenue, +17% from a year earlier.
What is Mercantile Bank's profit margin?
Net earnings were $24.1M, 32.9% of revenue, in the third quarter 2026; the operating margin was 39.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.