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Mercantile Bank vs Eagle Bancorp: MBWM and EGBN compared
Mercantile Bank is the larger company: $73.2M of revenue in its latest quarter (Q3 2026) against $70.9M for Eagle Bancorp (Q3 2026). Mercantile Bank is growing faster (+17% against +0.3% a year earlier). Mercantile Bank is more profitable, with an operating margin of 39.5% against 29.6%.
Where the money goes: MBWM and EGBN
Mercantile Bank (MBWM) · Q3 2026
Mercantile Bank, Q3 2026: revenue $73.2M (+17% year over year), operating margin 39.5%, net earnings $24.1M, operating cash flow $47.1M. The chart follows the revenue to costs, profit and cash.
Eagle Bancorp (EGBN) · Q3 2026
Eagle Bancorp, Q3 2026: revenue $70.9M (+0.3% year over year), operating margin 29.6%, net earnings $24.2M, operating cash flow $56.2M. The chart follows the revenue to costs, profit and cash.
| Mercantile Bank (MBWM) | Eagle Bancorp (EGBN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $73.2M | $70.9M |
| Revenue growth, Y/Y | +17% | +0.3% |
| Operating margin | 39.5% | 29.6% |
| Net earnings | $24.1M | $24.2M |
| Net margin | 32.9% | 34.2% |
| Operating cash flow | $47.1M | $56.2M |
| Free cash flow | — | $54.2M |
| Market value | $999M | $863M |
| P/E | 10.3× | 19.9× |
| Analysts’ mean target | $64.17 | $36.08 |
Where the revenue comes from
Mercantile Bank
- Net interest income: $60.9M (83%)
- Noninterest income: $12.3M (17%)
Eagle Bancorp
- Net interest income: $61.3M (87%)
- Noninterest income: $9.6M (13%)
Questions
Which is bigger, Mercantile Bank or Eagle Bancorp?
Mercantile Bank is the larger company: $73.2M of revenue in its latest quarter (Q3 2026) against $70.9M for Eagle Bancorp (Q3 2026).
Is Mercantile Bank or Eagle Bancorp growing faster?
Mercantile Bank is growing faster (+17% against +0.3% a year earlier).
Which is more profitable, Mercantile Bank or Eagle Bancorp?
Mercantile Bank is more profitable, with an operating margin of 39.5% against 29.6%.
More: Mercantile Bank earnings · how Mercantile Bank makes money · Eagle Bancorp earnings · how Eagle Bancorp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.