MERCANTILE BANK CORPMBWMEarnings & Financial Report
Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 600 full branches throughout India, 12 regional offices and two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines and 1151 automated ...
MBWM Q3 2025 Key Financial Metrics
Revenue
$52.0M
Gross Profit
N/A
Operating Profit
$27.4M
Net Profit
$23.8M
Gross Margin
N/A
Operating Margin
52.8%
Net Margin
45.7%
YoY Growth
7.7%
EPS
$1.46
Financial Flow
MERCANTILE BANK CORP Q3 2025 Financial Summary
MERCANTILE BANK CORP reported revenue of $52.0M for Q3 2025, with a net profit of $23.8M (45.7% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $52.0M |
|---|---|
| Net Profit | $23.8M |
| Gross Margin | N/A |
| Operating Margin | 52.8% |
| Report Period | Q3 2025 |
MERCANTILE BANK CORP Annual Revenue by Year
MERCANTILE BANK CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $191.1M).
| Year | Annual Revenue |
|---|---|
| 2024 | $191.1M |
| 2023 | $193.5M |
| 2022 | $158.2M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.6M | $47.4M | $47.1M | $48.3M | $48.4M | $48.5M | $49.5M | $52.0M |
| YoY Growth | -4.0% | -2.1% | -1.0% | -1.4% | -0.6% | 2.5% | 5.1% | 7.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.35B | $5.47B | $5.60B | $5.92B | $6.05B | $6.14B | $6.18B | $6.31B |
| Liabilities | $4.83B | $4.93B | $5.05B | $5.33B | $5.47B | $5.53B | $5.55B | $5.65B |
| Equity | $522.1M | $536.6M | $551.2M | $583.3M | $584.5M | $608.3M | $631.5M | $657.6M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-7.3M | $40.2M | $9.1M | $-8.1M | $59.9M | $-3.0M | $-7.8M | $23.1M |