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Mercantile Bank Corporation
Mercantile Bank Corporation Score & Ratio Trend
| Date | Score | P/E | P/B | D/E | Price |
|---|---|---|---|---|---|
| Oct 2026 | 20,155 | 10.2 | 1.33 | 0.69 | 5,526.41 |
| Oct 2026 | 20,186 | 10.1 | 1.32 | 0.69 | 5,477.52 |
| Oct 2026 | 20,129 | 10.2 | 1.33 | 0.69 | 5,538.13 |
| Oct 2026 | 20,102 | 10.3 | 1.34 | 0.69 | 5,551.24 |
| Oct 2026 | 20,119 | 10.3 | 1.34 | 0.69 | 5,539.17 |
| Oct 2026 | 20,063 | 10.4 | 1.35 | 0.69 | 5,597.96 |
| Oct 2026 | 20,093 | 10.3 | 1.34 | 0.69 | 5,552.92 |
| Oct 2026 | 19,937 | 10.8 | 1.38 | 0.69 | 5,703.09 |
Mercantile Bank Corporation Quarterly Results
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 68,756,000.0 | 67,589,000.0 | 62,071,000.0 | 62,390,000.0 |
| Net Profit | 25,927,000.0 | 22,685,000.0 | 22,840,000.0 | 23,758,000.0 |
| EPS | 1.5 | 1.3 | 1.4 | 1.5 |
Mercantile Bank Corporation Revenue & Profit: Last 5 Years
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Revenue | 242,652,000.0 | 231,475,000.0 | 225,688,000.0 | 190,321,000.0 | — |
| Net Profit | 88,753,000.0 | 79,593,000.0 | 82,217,000.0 | 61,063,000.0 | — |
| EPS | 5.5 | 4.9 | 5.1 | 3.9 | — |
Mercantile Bank Corporation Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Total Assets | 6,835,219,000.0 | 6,052,161,000.0 | 5,353,224,000.0 | 4,872,619,000.0 | — |
| Total Liabilities | 6,110,335,000.0 | 5,467,635,000.0 | 4,831,079,000.0 | 4,431,211,000.0 | — |
| Total Equity | 724,884,000.0 | 584,526,000.0 | 522,145,000.0 | 441,408,000.0 | — |
Owes vs Owns
Mercantile Bank Corporation owed $0.89 for every $1 it owned in Jun 2026, down from $0.91 in Dec 2022.
| Period | Jun 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
| Owes vs Owns | 0.89× | 0.89× | 0.90× | 0.90× | 0.91× |
Everything the company owes ÷ everything it owns. Below 1× it owns more than it owes; above 1× it owes more than it owns.
Mercantile Bank Corporation Assets & Liabilities Breakdown (USD millions)
What it owns — Dec 2025
Cash & short-term investments 19.5%Fixed assets (tangible) 0.9%Intangible assets 1.4%Long-term investments 12.5%Other assets 65.7%
How it's funded — Dec 2025
Long-term debt 7.3%Other liabilities 82.1%Shareholders' equity 10.6%
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | 1,331.0 | 989.7 | 747.6 | 699.7 |
| Receivables | 0.0 | 0.0 | 0.0 | 0.0 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 |
| Fixed assets (tangible) | 62.5 | 53.4 | 50.9 | 51.5 |
| Intangible assets | 93.0 | 49.5 | 49.5 | 49.5 |
| Long-term investments | 857.6 | 596.7 | 617.1 | 602.9 |
| Other assets | 4,491.1 | 4,362.9 | 3,888.1 | 3,469.0 |
| Liabilities & equity | ||||
| Short-term debt | 0.0 | 0.0 | 0.0 | 0.0 |
| Long-term debt | 496.9 | 526.7 | 606.5 | 445.8 |
| Payables | 0.0 | 0.0 | 0.0 | 78.2 |
| Other liabilities | 5,613.4 | 4,940.9 | 4,224.6 | 3,907.2 |
| Shareholders' equity | 724.9 | 584.5 | 522.1 | 441.4 |
| Net tangible assets | 631.8 | 535.1 | 472.7 | 391.9 |
Mercantile Bank Corporation Cash Flow
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Operating Activities | 17,973,000.0 | 101,118,000.0 | 66,613,000.0 | 119,862,000.0 | — |
| Investing Activities | -105,704,000.0 | -425,436,000.0 | -395,932,000.0 | -554,999,000.0 | — |
| Financing Activities | 168,045,000.0 | 586,795,000.0 | 363,080,000.0 | -443,251,000.0 | — |