Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
43.46
+1.25 (2.96%)
Jan 14, 2025, 4:00 PM EST - Market closed
Mercantile Bank Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Cash & Equivalents | 328.55 | 130.53 | 96.77 | 975.16 | 626.01 | 223.03 | Upgrade
|
| Investment Securities | 675.78 | 587.62 | 570.98 | 550.94 | 362.46 | 292.19 | Upgrade
|
| Trading Asset Securities | 29.65 | 27.51 | 26.17 | 4.61 | 1 | - | Upgrade
|
| Mortgage-Backed Securities | 27.6 | 29.47 | 31.95 | 41.8 | 24.89 | 42.47 | Upgrade
|
| Total Investments | 733.02 | 644.6 | 629.11 | 597.35 | 388.35 | 334.66 | Upgrade
|
| Gross Loans | 4,553 | 4,304 | 3,917 | 3,456 | 3,198 | 2,857 | Upgrade
|
| Allowance for Loan Losses | -56.59 | -49.91 | -42.25 | -35.36 | -37.97 | -23.89 | Upgrade
|
| Other Adjustments to Gross Loans | - | - | - | -2.5 | -4.4 | -0.5 | Upgrade
|
| Net Loans | 4,496 | 4,254 | 3,874 | 3,418 | 3,156 | 2,833 | Upgrade
|
| Property, Plant & Equipment | 54.23 | 50.93 | 51.48 | 57.3 | 58.96 | 57.33 | Upgrade
|
| Goodwill | 49.47 | 49.47 | 49.47 | 49.47 | 49.47 | 49.47 | Upgrade
|
| Other Intangible Assets | - | - | - | 1.35 | 2.44 | 3.84 | Upgrade
|
| Loans Held for Sale | 29.26 | 18.61 | 3.57 | 16.12 | 22.89 | - | Upgrade
|
| Accrued Interest Receivable | 22.41 | 19.81 | 15.48 | 9.31 | 10.86 | 9.94 | Upgrade
|
| Restricted Cash | - | - | - | - | - | 10.7 | Upgrade
|
| Other Real Estate Owned & Foreclosed | - | 0.2 | - | - | 0.7 | 0.45 | Upgrade
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| Other Long-Term Assets | 182.24 | 163.72 | 134.65 | 115.59 | 104.17 | 92.71 | Upgrade
|
| Total Assets | 5,917 | 5,353 | 4,873 | 5,258 | 4,437 | 3,633 | Upgrade
|
| Interest Bearing Deposits | 2,590 | 2,032 | 1,846 | 2,106 | 1,589 | 1,309 | Upgrade
|
| Institutional Deposits | 683.86 | 621.75 | 261.61 | 299.12 | 389.57 | 456.29 | Upgrade
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| Non-Interest Bearing Deposits | 1,182 | 1,248 | 1,605 | 1,678 | 1,433 | 924.92 | Upgrade
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| Total Deposits | 4,456 | 3,901 | 3,713 | 4,083 | 3,412 | 2,690 | Upgrade
|
| Short-Term Borrowings | 220.94 | 229.73 | 194.34 | 197.46 | 118.37 | 102.68 | Upgrade
|
| Current Portion of Long-Term Debt | 121.12 | 118.79 | 26.38 | 4.86 | 1.03 | - | Upgrade
|
| Current Portion of Leases | 0.3 | 1.13 | - | - | - | - | Upgrade
|
| Accrued Interest Payable | 10.27 | 9.01 | 3.22 | 1.39 | 2.31 | 3.95 | Upgrade
|
| Other Current Liabilities | 19.09 | 0.1 | 0.11 | 0.21 | - | - | Upgrade
|
| Long-Term Debt | 89.23 | 88.97 | 88.63 | 73.65 | - | - | Upgrade
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| Federal Home Loan Bank Debt, Long-Term | 326.22 | 377.08 | 308.26 | 374 | 394 | 354 | Upgrade
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| Long-Term Leases | 4.36 | 2.57 | 3.5 | 2.8 | - | - | Upgrade
|
| Trust Preferred Securities | 50.16 | 49.64 | 48.96 | 48.24 | 47.56 | 46.88 | Upgrade
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| Other Long-Term Liabilities | 36.24 | 53.14 | 45 | 15.38 | 20.97 | 18.47 | Upgrade
|
| Total Liabilities | 5,334 | 4,831 | 4,431 | 4,801 | 3,996 | 3,216 | Upgrade
|
| Common Stock | 298.7 | 295.11 | 290.44 | 285.75 | 302.03 | 305.04 | Upgrade
|
| Retained Earnings | 320.72 | 277.53 | 216.31 | 174.54 | 134.04 | 107.83 | Upgrade
|
| Comprehensive Income & Other | -36.12 | -50.49 | -65.34 | -3.73 | 5.49 | 3.7 | Upgrade
|
| Shareholders' Equity | 583.31 | 522.15 | 441.41 | 456.56 | 441.55 | 416.56 | Upgrade
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| Total Liabilities & Equity | 5,917 | 5,353 | 4,873 | 5,258 | 4,437 | 3,633 | Upgrade
|
| Total Debt | 812.32 | 867.92 | 670.07 | 701.01 | 560.96 | 503.56 | Upgrade
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| Net Cash (Debt) | -454.13 | -709.88 | -547.12 | 278.76 | 66.05 | -280.53 | Upgrade
|
| Net Cash Growth | - | - | - | 322.02% | - | - | Upgrade
|
| Net Cash Per Share | -28.20 | -44.32 | -34.50 | 17.44 | 4.06 | -17.10 | Upgrade
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| Filing Date Shares Outstanding | 16.14 | 16.12 | 16 | 15.84 | 16.26 | 16.33 | Upgrade
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| Total Common Shares Outstanding | 16.14 | 16.13 | 15.99 | 15.84 | 16.33 | 16.43 | Upgrade
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| Book Value Per Share | 36.14 | 32.38 | 27.60 | 28.82 | 27.04 | 25.36 | Upgrade
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| Tangible Book Value | 533.84 | 472.67 | 391.94 | 405.74 | 389.65 | 363.25 | Upgrade
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| Tangible Book Value Per Share | 33.07 | 29.31 | 24.50 | 25.61 | 23.86 | 22.12 | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.