Quick Answer
MERCANTILE BANK CORP reported Net Income of $88.75 million for fiscal year 2025.
MERCANTILE BANK CORP Net Income — Annual History
| Fiscal Year | Net Income | YoY Change |
|---|---|---|
| 2025 | $88.75M | +11.5% |
| 2024 | $79.59M | -3.2% |
| 2023 | $82.22M | +34.6% |
| 2022 | $61.06M | +3.5% |
| 2021 | $59.02M | +33.7% |
| 2020 | $44.14M | -10.8% |
| 2019 | $49.46M | +17.7% |
| 2018 | $42.02M | +34.4% |
| 2017 | $31.27M | -2.0% |
| 2016 | $31.91M | +18.1% |
| 2015 | $27.02M | +55.9% |
| 2014 | $17.33M | +1.7% |
| 2013 | $17.03M | +35.9% |
| 2012 | $12.54M | -66.6% |
| 2011 | $37.48M | +381.5% |
| 2010 | -$13.32M | +74.4% |
| 2009 | -$52.09M | — |
Quarterly Net Income
| Quarter Ending | Net Income | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $23.76M | +21.1% | +5.0% |
| June 30, 2025 | $22.62M | +20.4% | +15.8% |
| March 31, 2025 | $19.54M | -9.4% | -0.4% |
| September 30, 2024 | $19.62M | -5.9% | +4.4% |
| June 30, 2024 | $18.79M | -7.7% | -12.9% |
| March 31, 2024 | $21.56M | +2.8% | +3.4% |
| September 30, 2023 | $20.86M | +30.1% | +2.4% |
| June 30, 2023 | $20.36M | +73.4% | -2.9% |
- MERCANTILE BANK CORP showed an increase of +11.5% in Net Income compared to the prior fiscal year.
- Over the 2009–2025 period, MERCANTILE BANK CORP’s net income has grown by 270.4% (from -$52.09 million to $88.75 million).
- The most recent figure is from MERCANTILE BANK CORP’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 27, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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