Company / Net Income
MERCANTILE BANK CORP Net Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
$88.8M
FY2025
5-year range
$59.0M / $88.8M
FY2021-FY2025
Trend
+11.5%
vs FY2024
Sector context
#281 of 401
Financials
What the data says
At $89M, MERCANTILE BANK CORP's net income ranks #281 of 401 in the Financials sector. Net Income has fluctuated over the past 10 years, ranging from $31M in FY2017 to $89M in FY2025.
Based on SEC 10-K filings.
$89M in FY2025 with a 5-year CAGR of +15.0%.
Improved from $82M to $89M over the past 2 years.
Financials sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- +13.3%
- 5-Year CAGR
- +15.0%
- 10-Year CAGR
- -
Sector benchmark
#281 of 401 in FinancialsTop 70% of 401This company $88.8M Sector average $1.6B
▼
-94.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +15.0%, indicating consistent growth.
- In FY2025, net income increased 11.5% year-over-year.
- Ranks #281 out of 401 companies in the Financials sector.
- Lowest net income in the period was in FY2017.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $88.8M | +11.5% |
| FY2024 | $79.6M | -3.2% |
| FY2023 | $82.2M | +34.6% |
| FY2022 | $61.1M | +3.5% |
| FY2021 | $59.0M | +33.7% |
| FY2020 | $44.1M | -10.8% |
| FY2019 | $49.5M | +17.7% |
| FY2018 | $42.0M | +34.4% |
| FY2017 | $31.3M | -2.0% |
| FY2016 | $31.9M | +18.1% |
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026