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Mid Penn Bancorp vs Mercantile Bank: MPB and MBWM compared
Mid Penn Bancorp is the larger company: $74.7M of revenue in its latest quarter (Q3 2026) against $73.2M for Mercantile Bank (Q3 2026). Mid Penn Bancorp is growing faster (+21% against +17% a year earlier). Mercantile Bank is more profitable, with an operating margin of 39.5% against 37.0%.
Where the money goes: MPB and MBWM
Mid Penn Bancorp (MPB) · Q3 2026
Mid Penn Bancorp, Q3 2026: revenue $74.7M (+21% year over year), operating margin 37.0%, net earnings $21.6M, operating cash flow $17.9M. The chart follows the revenue to costs, profit and cash.
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.
| Mid Penn Bancorp (MPB) | Mercantile Bank (MBWM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $74.7M | $73.2M |
| Revenue growth, Y/Y | +21% | +17% |
| Operating margin | 37.0% | 39.5% |
| Net earnings | $21.6M | $24.1M |
| Net margin | 29.0% | 32.9% |
| Operating cash flow | $17.9M | $47.1M |
| Free cash flow | $15.9M | — |
| Market value | — | $999M |
| P/E | — | 10.3× |
| Analysts’ mean target | — | $64.17 |
Where the revenue comes from
Mid Penn Bancorp
- Net interest income: $64.6M (87%)
- Noninterest income: $10.0M (13%)
Mercantile Bank
- Net interest income: $60.9M (83%)
- Noninterest income: $12.3M (17%)
Questions
Which is bigger, Mid Penn Bancorp or Mercantile Bank?
Mid Penn Bancorp is the larger company: $74.7M of revenue in its latest quarter (Q3 2026) against $73.2M for Mercantile Bank (Q3 2026).
Is Mid Penn Bancorp or Mercantile Bank growing faster?
Mid Penn Bancorp is growing faster (+21% against +17% a year earlier).
Which is more profitable, Mid Penn Bancorp or Mercantile Bank?
Mercantile Bank is more profitable, with an operating margin of 39.5% against 37.0%.
More: Mid Penn Bancorp earnings · how Mid Penn Bancorp makes money · Mercantile Bank earnings · how Mercantile Bank makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.