MBWM (MBWM) financial statements
MBWM reported revenue of $243M in fiscal 2025, up 7.5% a year over 9 years.
Net income was $89M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MBWM's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $127M | $129M | $139M | $151M | $167M | $180M | $190M | $226M | $231M | $243M |
| Interest expense | $13M | $16M | $22M | $34M | $26M | $19M | $24M | $78M | — | — |
| Pre-tax income | $47M | $46M | $52M | $60M | $55M | $74M | $76M | $103M | $98M | $103M |
| Income tax | $15M | $15M | $10M | $11M | $11M | $15M | $15M | $20M | $19M | $15M |
| Net income | $32M | $31M | $42M | $49M | $44M | $59M | $61M | $82M | $80M | $89M |
| EPS (diluted) | $1.96 | $1.90 | $2.53 | $3.01 | $2.71 | $3.69 | $3.85 | $5.13 | $4.93 | $5.47 |
| Diluted shares | 16M | 16M | 17M | 16M | 16M | 16M | 16M | 16M | 16M | 16M |
| Net margin | 25.1% | 24.3% | 30.2% | 32.6% | 26.4% | 32.7% | 32.1% | 36.4% | 34.4% | 36.6% |
Balance sheet
Fiscal years, from MBWM's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property, plant and equipment | $45M | $46M | $48M | $57M | $59M | $57M | $51M | $51M | $53M | $62M |
| Goodwill | $49M | $49M | $49M | $49M | $49M | $49M | $49M | $49M | $49M | $73M |
| Total assets | $3.1B | $3.3B | $3.4B | $3.6B | $4.4B | $5.3B | $4.9B | $5.4B | $6.1B | $6.8B |
| Total liabilities | $2.7B | $2.9B | $3.0B | $3.2B | $4.0B | $4.8B | $4.4B | $4.8B | $5.5B | $6.1B |
| Shareholders' equity | $341M | $366M | $375M | $417M | $442M | $457M | $441M | $522M | $585M | $725M |
Cash flow
Fiscal years, from MBWM's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $35M | $39M | $62M | $45M | $38M | $65M | $120M | $67M | $101M | $18M |
| Stock-based compensation | $1M | $2M | $2M | $3M | $2M | $4M | $3M | $3M | $3M | $3M |
| Dividends paid | $19M | $12M | $28M | $17M | $18M | $19M | $20M | $21M | $22M | $24M |
| Share buybacks (net) | -$4M | $0 | -$6M | -$7M | -$7M | -$21M | $0 | $0 | — | — |
| Dividends per share | $1.15 | $0.73 | $1.66 | $1.04 | $1.10 | $1.16 | $1.24 | $1.31 | $1.39 | $1.47 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for MBWM.
Open MBWM in InvestinglyQuestions
What was MBWM's revenue in 2025?
$243M in fiscal 2025, from its 10-K filing.
From MBWM's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.