Skip to main content
logo
Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
59.61
-0.19 (-0.32%)
At close: Aug 21, 2026, 4:00 PM EDT
59.62
+0.01 (0.02%)
After-hours: Aug 21, 2026, 7:30 PM EDT

Mercantile Bank Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
263.91238.45223.38217.99183.77184.58
Revenue Growth
15.91%6.75%2.47%18.62%-0.44%20.35%
Net Income
95.2188.7579.5982.2261.0659.02
Earnings Per Share
5.685.474.935.133.853.69
EPS Growth
12.95%10.87%-3.90%33.25%4.34%36.16%

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
357.85496.54419.8158.04122.95979.77
Total Debt
709.51756.61679.7867.92670.07701.01
Net Cash (Debt)
-351.65-260.07-259.9-709.89-547.12278.76
Net Cash Growth
-----322.02%
Net Cash Per Share
-20.98-16.02-16.11-44.32-34.5017.44

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
72.3317.97101.1266.61119.8664.57
Capital Expenditures
-4.13-6.76-8.53-6.69-3.02-5.6
Free Cash Flow
68.211.2192.5959.93116.8558.97
Free Cash Flow Growth
120.78%-87.89%54.50%-48.71%98.14%104.14%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Profit Margin
36.08%37.22%35.63%37.72%33.23%31.97%
FCF Margin
25.84%4.70%41.45%27.49%63.58%31.95%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.5601.5001.4201.3401.2601.180
Dividend Per Share Growth
5.41%5.63%5.97%6.35%6.78%5.36%
Dividend Yield
2.62%3.17%3.35%3.60%4.26%3.96%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
10.498.819.027.878.709.30
Forward PE
10.848.9110.018.877.2911.65
P/FCF Ratio
15.1169.757.7610.804.559.31
PS Ratio
3.903.283.222.972.892.97