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Mercantile Bank (MBWM)
NASDAQ
$54.89+$0.92 (+1.71%)
Price as of Jun 23, 2026 7:52 PM EDT- $932.1MMarket Cap
- 23.86%1-Year Change
- Banks - RegionalIndustry
Mercantile Bank (MBWM)
$54.89+$0.92 (+1.71%)
Annual
Quarterly
12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|---|
Income Statement | |||||
Total Operating Revenue | 201.0M +5.21% | 191.1M -1.27% | 193.5M +22.31% | 158.2M +27.55% | |
Cost of Revenue | N/A N/A | N/A N/A | N/A N/A | N/A N/A | |
Gross Profit | 201.0M +5.21% | 191.1M -1.27% | 193.5M +22.31% | 158.2M +27.55% | |
Sales and Marketing Expense | 1.7M +3.74% | 1.6M +2.49% | 1.6M +8.30% | 1.4M +22.98% | |
Research and Development Expense | -15.3M +10.90% | -13.8M +18.54% | -11.6M -6.00% | -12.4M +11.30% | |
Depreciation and Amortization Expense | 5.8M -44.82% | 10.5M -8.62% | 11.5M -11.19% | 12.9M -5.36% | |
Total Operating Expenses | 136.0M +8.08% | 125.8M +9.11% | 115.3M +6.77% | 108.0M -2.60% | |
Operating Profit | 103.5M +5.30% | 98.3M -4.30% | 102.7M +35.50% | 75.8M +2.81% | |
Interest Income | 330.2M +2.70% | 321.5M +18.48% | 271.4M +49.23% | 181.8M +26.72% | |
Interest Expense | -7.7M -6.49% | -8.2M -89.46% | -77.8M +229.79% | -23.6M +21.42% | |
Interest Income and Expense and Net | 322.5M +2.94% | 313.3M +61.87% | 193.5M +22.31% | 158.2M +27.55% | |
Total Nonoperating Income and Expense | 201.0M +5.21% | 191.1M -1.27% | 193.5M +22.31% | 158.2M +27.55% | |
Income before Taxes | 103.5M +5.30% | 98.3M -4.30% | 102.7M +35.50% | 75.8M +2.81% | |
Income Taxes | 14.7M -21.15% | 18.7M -8.73% | 20.5M +39.08% | 14.7M +0.22% | |
Extraordinary Items | N/A N/A | N/A N/A | N/A N/A | N/A N/A | |
Net Income | 88.8M +11.51% | 79.6M -3.19% | 82.2M +34.64% | 61.1M +3.46% | |
Net Income from Continuing Operations Applicable to Common | 103.5M +5.30% | 98.3M -4.30% | 102.7M +35.50% | 75.8M +2.81% | |
Basic EPS and Net Income | 5.47 +10.95% | 4.93 -3.90% | 5.13 +33.25% | 3.85 +4.34% | |
Diluted EPS and Net Income | 5.47 +10.95% | 4.93 -3.90% | 5.13 +33.25% | 3.85 +4.34% | |
Basic Weighted Average Shares | 16.2M +0.67% | 16.1M +0.72% | 16.0M +0.98% | 15.9M -0.79% | |
Diluted Weighted Average Shares | 16.2M +0.67% | 16.1M +0.72% | 16.0M +0.98% | 15.9M -0.80% | |
Balance Sheet | |||||
Cash and Cash Equivalents | 473.3M +20.44% | 393.0M +201.08% | 130.5M +34.89% | 96.8M -90.08% | |
Short-Term Investments | N/A N/A | N/A N/A | N/A N/A | N/A N/A | |
Cash and Cash Equivalents and Short-Term Investments | 473.3M +20.44% | 393.0M +201.08% | 130.5M +34.89% | 96.8M -90.08% | |
Total Current Assets | 218.0M +46.87% | 148.4M +18.18% | 125.6M +32.18% | 95.0M +75.05% | |
Accumulated Depreciation | 54.1M +9.04% | 49.6M +13.31% | 43.8M +12.68% | 38.9M +5.16% | |
Property and Plant and Equipment and Net | 62.5M +16.92% | 53.4M +4.91% | 50.9M -1.06% | 51.5M -10.16% | |
Total Long-Term Assets | 218.0M +46.87% | 148.4M +18.18% | 125.6M +32.18% | 95.0M +75.05% | |
Total Assets | 6.8B +12.94% | 6.1B +13.06% | 5.4B +9.86% | 4.9B -7.32% | |
Income Taxes Payable | 96.7M -20.10% | 121.0M +28.88% | 93.9M +20.06% | 78.2M +217.36% | |
Total Short-Term Debt | N/A N/A | N/A N/A | N/A N/A | N/A N/A | |
Total Current Liabilities | 96.7M -20.10% | 121.0M +28.88% | 93.9M +20.06% | 78.2M +217.36% | |
Total Long-Term Debt | 496.9M -5.66% | 526.7M -13.16% | 606.5M +36.04% | 445.8M -10.09% | |
Total Long-Term Liabilities | 30.0M -4.61% | 31.4M +727.63% | 3.8M -87.07% | 29.4M +283.96% | |
Total Liabilities | 6.1B +11.75% | 5.5B +13.18% | 4.8B +9.02% | 4.4B -7.71% | |
Retained Earnings | 399.4M +19.36% | 334.6M +20.58% | 277.5M +28.30% | 216.3M +23.94% | |
Total Stockholders Equity | 724.9M +24.01% | 584.5M +11.95% | 522.1M +18.29% | 441.4M -3.32% | |
Total Shares Outstanding | 17.2M +6.41% | 16.1M +0.13% | 16.1M +0.82% | 16.0M +0.98% | |
Cash Flow | |||||
Cash from Operating Activities | 18.0M -82.23% | 101.1M +51.80% | 66.6M -44.43% | 119.9M +85.62% | |
Capital Expenditures | N/A N/A | N/A N/A | N/A N/A | N/A N/A | |
Cash from Investing Activities | -105.7M -75.15% | -425.4M +7.45% | -395.9M -28.66% | -555.0M +12.01% | |
Dividends Paid | 24.0M +6.58% | 22.5M +6.99% | 21.0M +7.15% | 19.6M +5.82% | |
Cash from Financing Activities | 168.0M -71.36% | 586.8M +61.62% | 363.1M +181.91% | -443.3M -156.82% | |
Financials Ratio | |||||
Gross Margin | N/A N/A | N/A N/A | N/A N/A | N/A N/A | |
Operating Margin | 51.48% +0.08% | 51.44% -3.07% | 53.06% +10.79% | 47.89% -19.40% | |
Return on Assets | 1.38% -1.31% | 1.40% -13.20% | 1.61% +33.39% | 1.21% -0.99% | |
Return on Equity | 13.56% -5.76% | 14.38% -15.71% | 17.07% +25.48% | 13.60% +3.48% | |
Revenue Growth | 5.21% +510.18% | -1.27% -105.70% | 22.31% -19.03% | 27.55% +1,754.76% | |
Current Ratio | 2.25 +83.81% | 1.23 -8.30% | 1.34 +10.09% | 1.21 -44.84% | |
Cash Ratio | 4.89 +50.73% | 3.25 +133.62% | 1.39 +12.35% | 1.24 -96.87% | |
Debt-to-Equity Ratio | N/A N/A | N/A N/A | N/A N/A | N/A N/A | |
Debt-to-Assets Ratio | N/A N/A | N/A N/A | N/A N/A | N/A N/A | |
Earnings & Revenue History
Debt-to-Assets
Cash Flow