Company data
Mercantile Bank Corporation employees and revenue per employee
MBWM · Banks - Regional · $998M market cap
Mercantile Bank Corporation had 744 employees at the end of fiscal Dec 2025, up 14.8% from a year earlier. Revenue for the year was $372M, up 2.7% from a year earlier, or $500K per employee. Headcount grew faster than revenue.
Employees
744
+14.8% YoY
Revenue
$372M
+2.7% YoY
Revenue / employee
$500K
Peer median $558K
Rank in industry
118 of 182
Banks - Regional
Headcount against revenue
Both lines start at 100 in the first year we hold, so you can see which one grew faster.
Hover a year for the numbers.
| Year ending | Employees | Revenue | Per employee | Staff YoY | Revenue YoY |
|---|---|---|---|---|---|
| Dec 2025 | 744 | $372M | $500K | +14.8% | +2.7% |
| Dec 2024 | 648 | $362M | $558K | +2.7% | +19.2% |
| Dec 2023 | 631 | $304M | $481K | +5.0% | +41.9% |
| Dec 2022 | 601 | $214M | $356K | +2.7% | +7.7% |
| Dec 2021 | 585 | $199M | $340K | +1.4% | +2.7% |
| Dec 2020 | 577 | $193M | $335K | +1.2% | +4.4% |
| Dec 2019 | 570 | $185M | $325K | -2.6% | +15.1% |
| Dec 2018 | 585 | $161M | $275K | +0.2% | +11.4% |
| Dec 2017 | 584 | $145M | $248K | +5.8% | +3.6% |
| Dec 2016 | 552 | $139M | $253K | — | — |
Open roles: we have not matched a verified job board for this company yet.
Mercantile Bank Corporation against similar companies
The closest industry peers by revenue, from Banks - Regional.
| Company | Employees | Revenue | Revenue / employee | Shape |
|---|---|---|---|---|
| TCBX Third Coast Bancshares, Inc. | 412 | $367M | $891K | Hiring ahead |
| FISI Financial Institutions, Inc. | 631 | $378M | $599K | Efficient growth |
| WASH Washington Trust Bancorp, Inc. | 642 | $381M | $594K | Efficient growth |
| ORRF Orrstown Financial Services, Inc. | 627 | $354M | $564K | Efficient growth |
| CAC Camden National Corp. | 683 | $367M | $538K | Efficient growth |
| CPF Central Pacific Financial Corp. | 722 | $362M | $502K | Leaner |
| MBWM Mercantile Bank Corporation | 744 | $372M | $500K | Hiring ahead |
| CHCO City Holding Company | 950 | $392M | $413K | Leaner |
| OSBC Old Second Bancorp, Inc. | 1,062 | $397M | $374K | Hiring ahead |
Questions about Mercantile Bank Corporation
- How many employees does Mercantile Bank Corporation have?
- Mercantile Bank Corporation reported 744 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 27, 2026. That is up 14.8% from a year earlier.
- What is Mercantile Bank Corporation's revenue per employee?
- Mercantile Bank Corporation brought in $372M of revenue in fiscal Dec 2025, which is $500K per employee. That ranks 118 of 182 companies we track in Banks - Regional, where the median is $558K.
- Where do these numbers come from?
- Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.
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Source: employee counts and revenue as stated in Mercantile Bank Corporation's annual reports (Form 10-K), latest filed February 27, 2026. This is data, not a recommendation to buy or sell MBWM.