MERCANTILE BANK CORP financial data

Symbol
MBWM on Nasdaq
Location
Grand Rapids, MI
Fiscal year end
31 December
Latest financial report
10-K - Q4 2025 - 27 Feb 2026

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 871% % -5.5%
Return On Equity 14% % -4.1%
Return On Assets 1.4% % 0.88%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 17,272,961 shares 6.4%
Common Stock, Shares, Outstanding 17,181,096 shares 6.4%
Entity Public Float $730,000,000 USD 15%
Common Stock, Value, Issued $349,431,000 USD 17%
Weighted Average Number of Shares Outstanding, Basic 16,237,974 shares 0.66%
Weighted Average Number of Shares Outstanding, Diluted 16,249,267 shares 0.69%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $103,493,000 USD 5.3%
Income Tax Expense (Benefit) $14,740,000 USD -21%
Net Income (Loss) Attributable to Parent $88,753,000 USD 12%
Earnings Per Share, Basic 5.47 USD/shares 11%
Earnings Per Share, Diluted 5.47 USD/shares 11%

Balance Sheet

Label TTM Value / Value Unit Change %
Property, Plant and Equipment, Net $62,468,000 USD 17%
Operating Lease, Right-of-Use Asset $3,900,000 USD -11%
Goodwill $72,656,000 USD 47%
Assets $6,835,219,000 USD 13%
Liabilities $6,110,335,000 USD 12%
Accumulated Other Comprehensive Income (Loss), Net of Tax $23,995,000 USD 52%
Retained Earnings (Accumulated Deficit) $399,448,000 USD 19%
Stockholders' Equity Attributable to Parent $724,884,000 USD 24%
Liabilities and Equity $6,835,219,000 USD 13%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $2,976,000 USD -107%
Net Cash Provided by (Used in) Financing Activities $77,451,000 USD -2.7%
Net Cash Provided by (Used in) Investing Activities $82,025,000 USD -523%
Common Stock, Shares Authorized 40,000,000 shares 0%
Common Stock, Shares, Issued 17,181,096 shares 6.4%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $7,550,000 USD -107%
Interest Paid, Excluding Capitalized Interest, Operating Activities $32,465,000 USD 15%
Deferred Tax Assets, Valuation Allowance $0 USD
Deferred Tax Assets, Gross $23,346,000 USD -16%
Operating Lease, Liability $3,892,000 USD -12%
Depreciation $5,200,000 USD -13%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $114,583,000 USD 43%
Lessee, Operating Lease, Liability, to be Paid $5,204,000 USD -14%
Property, Plant and Equipment, Gross $116,568,000 USD 13%
Lessee, Operating Lease, Liability, to be Paid, Year Two $1,119,000 USD -3.7%
Lessee, Operating Lease, Liability, to be Paid, Year One $1,191,000 USD 13%
Operating Lease, Weighted Average Discount Rate, Percent 0.0652 pure -2.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $1,312,000 USD -21%
Lessee, Operating Lease, Liability, to be Paid, Year Three $942,000 USD -14%
Deferred Tax Assets, Operating Loss Carryforwards $1,525,000 USD
Preferred Stock, Shares Authorized 1,000,000 shares 0%
Unrecognized Tax Benefits $0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four $738,000 USD -24%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense $95,075,000 USD 210%