Mercantile Bank
MBWM
$36.19
Share price
-0.82%
Change (1 day)
29.53%
Change (1 year)
Categories
Operating Margin for Mercantile Bank (MBWM)
Operating Margin as of April 2024 (TTM): 42.63%
According to Mercantile Bank's latest financial reports and stock price the company's current Operating Margin is 42.63%. At the end of 2022 the company had an Operating Margin of 39.82%.
Operating Margin history for Mercantile Bank from 2001 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 39.82% | -3.18% |
| 2021 | 41.13% | 25.55% |
| 2020 | 32.76% | -17.91% |
| 2019 | 39.91% | 7.12% |
| 2018 | 37.26% | 4.09% |
| 2017 | 35.79% | -3.12% |
| 2016 | 36.95% | 11.52% |
| 2015 | 33.13% | 15.45% |
| 2014 | 28.70% | -37.95% |
| 2013 | 46.25% | 39.2% |
| 2012 | 33.22% | 92.03% |
| 2011 | 17.30% | -184.92% |
| 2010 | -20.37% | -74.25% |
| 2009 | -79.12% | 330.34% |
| 2008 | -18.39% | -194.11% |
| 2007 | 19.54% | -54.67% |
| 2006 | 43.10% | 0.86% |
| 2005 | 42.73% | 5.89% |
| 2004 | 40.35% | 4.3% |
| 2003 | 38.69% | -5.41% |
| 2002 | 40.90% | 15.62% |
| 2001 | 35.38% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Macatawa Bank MCBC | 51.64% | 21.14% | 🇺🇸 USA |
 Independent Bank (Michigan) IBCP | 35.49% | -16.75% | 🇺🇸 USA |
 1st Source
SRCE | 44.40% | 4.15% | 🇺🇸 USA |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.