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Mercantile Bank Corporation  (MBWM)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


Mercantile Bank's Pre-Tax Profit Margin by quarter

Trends, Rankings, Statistics



MBWM Pre-Tax Profit Margin (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Revenue Change 17.5 % 27.98 % 36.63 % 14.1 % 4.32 %
Seq. Revenue Change 3.22 % -2.81 % -1.22 % 18.58 % 12.42 %
Revenue In Millions $54.91 $53.20 $54.74 $55.41 $46.73
Pre-Tax Profit Margin 47.33 % 47.69 % 47.75 % 48.49 % 42.74 %
Pre-Tax Profit Margin Total Ranking # 234 # 244 # 273 # 401 # 469
Pre-Tax Income In Millions $25.99 $25.37 $26.14 $26.87 $19.97
Y / Y Pre-Tax Income Change 30.11 % 73.45 % 82.51 % 76.56 % 7.49 %
Seq. Pre-Tax Income Change 2.44 % -2.94 % -2.74 % 34.54 % 36.57 %


Commenting Third Quarter 2023 Pre-Tax Profit Margin
Mercantile Bank has managed to improve its Revenue sequentially to $55 millions by 3.22 % faster than Pre-Tax Income increase of 2.44 % to $26 millions, this led to contraction in Pre-Tax Profit Margin to 47.33 %, but the Mercantile Bank III. Quarter Pre-Tax Profit Margin remained above company average rate of 37.14%.

Observing third quarter 2023 results within Regional Banks industry 25 other companies have achieved higher Pre-Tax Profit Margin. While Pre-Tax Profit Margin total ranking has impoved so far to 234, from total ranking in previous quarter at 244.

MBWM's Pre-Tax Profit Margin third quarter 2023 Company Ranking
Within: No.
Regional Banks Industry # 26
Financial Sector # 126
Overall # 233

Pre-Tax Profit Margin Statistics
High Average Low
48.49 % 37.14 % 13.35 %
(Dec 31 2022)   (Jun 30 2014)




Other Pre-Tax Profit Margin Profitability Ratios
MBWM's Cumulative Pre-Tax Profit Margin
Regional Banks Industry Pre-Tax Profit Margin Trends and Statistics
Financial Sector Pre-Tax Profit Margin Statistics
Pre-Tax Profit Margin Profitability Trends for overall market
MBWM's Pre-Tax Profit Margin Profitability versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Pre-Tax Profit Margin
Lowest Ranking Pre-Tax Profit Margin
Pre-Tax Profit Margin Profit Margin for MBWM's Competitors
Pre-Tax Profit Margin Profit Margin for Mercantile Bank's Suppliers
Pre-Tax Profit Margin Profit Margin for MBWM's Customers

You may also want to know
MBWM's Annual Growth Rates MBWM's Profitability Ratios MBWM's Asset Turnover Ratio MBWM's Dividend Growth
MBWM's Roe MBWM's Valuation Ratios MBWM's Financial Strength Ratios MBWM's Pre-Tax Income Growth
MBWM's Roa MBWM's Inventory Turnover Ratio MBWM's Growth Rates MBWM's Dividend Comparisons


Companies with similar Pre-Tax Profit Margin in the quarter ending Sep 30 2023, within Regional Banks Industry Pre-Tax Profit MarginSep 30 2023 MRQ Pre-Tax IncomeSep 30 2023 MRQ Revenue
Columbia Banking System Inc   75.38 %$ 367.944 $ 488.119 
Crossfirst Bankshares inc   74.16 %$ 42.850 $ 57.779 
Merchants Bancorp  71.28 %$ 106.560 $ 149.490 
International Bancshares Corporation  64.79 %$ 131.037 $ 202.237 
Northeast Community Bancorp inc   64.61 %$ 16.279 $ 25.194 
Servisfirst Bancshares Inc   59.77 %$ 61.888 $ 103.551 
Cvb Financial Corp   59.42 %$ 80.622 $ 135.680 
East West Bancorp inc   58.38 %$ 353.551 $ 605.565 
Bank7 Corp   58.00 %$ 10.204 $ 17.594 
Metrocity Bankshares inc   57.05 %$ 15.652 $ 27.437 
Five Star Bancorp  56.80 %$ 15.795 $ 27.810 
Customers Bancorp Inc   55.20 %$ 110.226 $ 199.692 
Home Bancshares Inc   52.98 %$ 129.288 $ 244.050 
Macatawa Bank Corp  52.65 %$ 14.221 $ 27.010 
Unity Bancorp inc   52.10 %$ 13.047 $ 25.042 
Prosperity Bancshares Inc   51.25 %$ 142.610 $ 278.267 
Lakeland Financial Corporation  50.54 %$ 29.731 $ 58.828 
First Financial Bankshares Inc   50.36 %$ 60.404 $ 119.943 
Southern States Bancshares Inc   49.78 %$ 8.495 $ 17.064 
Cathay General Bancorp  49.61 %$ 92.504 $ 186.477 
First Ban corp   48.31 %$ 108.990 $ 225.628 
Union Bankshares Inc   48.12 %$ 5.656 $ 11.754 
Eagle Bancorp inc   47.92 %$ 34.628 $ 72.261 
Metropolitan Bank Holding Corp   47.83 %$ 28.355 $ 59.279 
Oak Valley Bancorp  47.64 %$ 9.626 $ 20.204 
Mercantile Bank Corporation  47.33 %$ 25.987 $ 54.907 
Princeton Bancorp Inc   47.28 %$ 9.110 $ 19.269 
United Bankshares Inc  47.21 %$ 120.936 $ 256.166 
Heritage Commerce Corp  46.92 %$ 22.249 $ 47.420 
Summit Financial Group Inc   46.65 %$ 21.126 $ 45.288 




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