Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 28.78% is in line with its 5-year average of 31.05%, near the low end of its 5-year range (25.07%–45.33%).
0.77% above its 12-month average of 28.56%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 31.75%.
OPERATING MARGIN
28.78%
OPERATING MARGIN AVG TTM
28.56%
OPERATING MARGIN AVG 3Y
28.93%
OPERATING MARGIN AVG 5Y
31.05%
OPERATING MARGIN AVG 10Y
31.41%
OPERATING MARGIN AVG 15Y
31.24%
OPERATING MARGIN AVG 20Y
27.25%
CURRENT VS TTM AVG
+0.77%
CURRENT VS 3Y AVG
-0.53%
CURRENT VS 5Y AVG
-7.31%
CURRENT VS 10Y AVG
-8.38%
CURRENT VS 15Y AVG
-7.87%
CURRENT VS 20Y AVG
+5.60%
SECTOR MEDIAN · FINANCIAL SERVICES
17.85%
median of 499 covered companies
CURRENT VS SECTOR MEDIAN
+61.23%
vs the sector median at left
Mercantile Bank Corporation
Market Cap
$1.03B
Operating Margin
28.78%
TTM Avg
28.56%
3Y Avg
28.93%
5Y Avg
31.05%
Market Cap
$1.03B
Operating Margin
40.57%
TTM Avg
42.26%
3Y Avg
43.91%
5Y Avg
40.41%
Market Cap
$1.02B
Operating Margin
23.26%
TTM Avg
19.54%
3Y Avg
23.37%
5Y Avg
24.70%
Market Cap
$1.01B
Operating Margin
22.15%
TTM Avg
20.15%
3Y Avg
22.44%
5Y Avg
23.89%
Market Cap
$1.01B
Operating Margin
23.26%
TTM Avg
19.54%
3Y Avg
23.37%
5Y Avg
24.70%
Market Cap
$1.01B
Operating Margin
36.55%
TTM Avg
38.23%
3Y Avg
41.76%
5Y Avg
45.63%
Market Cap
$1.05B
Operating Margin
N/A
TTM Avg
17.07%
3Y Avg
-1.23%
5Y Avg
9.10%
Market Cap
$1.06B
Operating Margin
34.63%
TTM Avg
31.64%
3Y Avg
37.73%
5Y Avg
41.59%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Mercantile Bank Corporation (MBWM) | $1.03B | 28.78% | 28.56% | 28.93% | 31.05% |
| Esquire Financial Holdings, Inc. (ESQ)vs › | $1.03B | 40.57% | 42.26% | 43.91% | 40.41% |
| CNB Financial Corporation (CCNEP)vs › | $1.02B | 23.26% | 19.54% | 23.37% | 24.70% |
| Business First Bancshares, Inc. (BFST)vs › | $1.01B | 22.15% | 20.15% | 22.44% | 23.89% |
| CNB Financial Corporation (CCNE)vs › | $1.01B | 23.26% | 19.54% | 23.37% | 24.70% |
| MetroCity Bankshares, Inc. (MCBS)vs › | $1.01B | 36.55% | 38.23% | 41.76% | 45.63% |
| Northeast Bank (NBN)vs › | $1.05B | 38.56% | 37.02% | 36.02% | 44.83% |
| Capitol Federal Financial, Inc. (CFFN)vs › | $1.05B | N/A | 17.07% | -1.23% | 9.10% |
| Five Star Bancorp (FSBC)vs › | $1.06B | 34.63% | 31.64% | 37.73% | 41.59% |
| Horizon Bancorp, Inc. (HBNC)vs › | $995.54M | -197.96% | -92.85% | -33.88% | -10.53% |
Operating Margin
28.8%
Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 31.75% |
| 2026-03-31 | 28.27% |
| 2025-12-31 | 26.41% |
| 2025-09-30 | 28.57% |
| 2025-06-30 | 27.79% |
| 2025-03-31 | 27.01% |
| 2024-12-31 | 25.07% |
| 2024-09-30 | 26.38% |
| 2024-06-30 | 26.55% |
| 2024-03-31 | 30.81% |
| 2023-12-31 | 30.70% |
| 2023-09-30 | 32.32% |
| 2023-06-30 | 34.48% |
| 2023-03-31 | 38.76% |
| 2022-12-31 | 40.66% |
| 2022-09-30 | 36.05% |
| 2022-06-30 | 30.93% |
| 2022-03-31 | 31.71% |
| 2021-12-31 | 30.64% |
| 2021-09-30 | 36.11% |
| 2021-06-30 | 45.33% |
| 2021-03-31 | 36.43% |
| 2020-12-31 | 34.15% |
| 2020-09-30 | 26.98% |
| 2020-06-30 | 22.30% |
| 2020-03-31 | 29.62% |
| 2019-12-31 | 33.80% |
| 2019-09-30 | 33.10% |
| 2019-06-30 | 31.34% |
| 2019-03-31 | 32.25% |
| 2018-12-31 | 33.43% |
| 2018-09-30 | 31.09% |
| 2018-06-30 | 30.00% |
| 2018-03-31 | 34.13% |
| 2017-12-31 | 33.30% |
| 2017-09-30 | 31.99% |
| 2017-06-30 | 30.34% |
| 2017-03-31 | 31.79% |
| 2016-12-31 | 35.10% |
| 2016-09-30 | 32.78% |
| 2016-06-30 | 31.78% |
| 2016-03-31 | 34.75% |
| 2015-12-31 | 27.92% |
| 2015-09-30 | 32.67% |
| 2015-06-30 | 29.39% |
| 2015-03-31 | 31.01% |
| 2014-12-31 | 28.30% |
| 2014-09-30 | 26.88% |
| 2014-06-30 | 11.92% |
| 2014-03-31 | 34.87% |
| 2013-12-31 | 45.39% |
| 2013-09-30 | 33.36% |
| 2013-06-30 | 36.61% |
| 2013-03-31 | 38.64% |
| 2012-12-31 | 25.82% |
| 2012-09-30 | 22.92% |
| 2012-06-30 | 34.66% |
| 2012-03-31 | 23.73% |
| 2011-12-31 | 16.07% |
| 2011-09-30 | 16.04% |
| 2011-06-30 | 13.48% |
| 2011-03-31 | 6.79% |
| 2010-12-31 | -13.10% |
| 2010-09-30 | -25.29% |
| 2010-06-30 | -4.96% |
| 2010-03-31 | -11.89% |
| 2009-12-31 | -76.27% |
| 2009-09-30 | -32.75% |
| 2009-06-30 | -33.25% |
| 2009-03-31 | -24.41% |
| 2008-12-31 | -0.58% |
| 2008-09-30 | 3.58% |
| 2008-06-30 | -14.98% |
| 2008-03-31 | -18.19% |
| 2007-12-31 | -0.81% |
| 2007-09-30 | 8.33% |
| 2007-06-30 | 7.95% |
| 2007-03-31 | 16.38% |
| 2006-12-31 | 17.78% |
| 2006-09-30 | 20.33% |
| 2006-06-30 | 21.10% |
| 2006-03-31 | 21.99% |
| 2005-12-31 | 21.74% |
| 2005-09-30 | 22.02% |
| 2005-06-30 | 26.53% |
| 2005-03-31 | 27.45% |
| 2004-12-31 | 28.62% |
| 2004-09-30 | 23.17% |
| 2004-06-30 | 25.52% |
| 2004-03-31 | 25.19% |
| 2003-12-31 | 26.43% |
| 2003-09-30 | 19.93% |
| 2003-06-30 | 24.13% |
| 2003-03-31 | 22.83% |
| 2002-12-31 | 23.19% |
| 2002-09-30 | 23.04% |
