Mercantile Bank Corporation (MBWM)

Mercantile Bank Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	237.23	130.53	96.77	975.16	626.01	233.73
Cash & Cash Equivalents	237.23	130.53	96.77	975.16	626.01	233.73
Cash Growth	309.46%	34.89%	-90.08%	55.77%	167.83%	210.18%
Property, Plant & Equipment	50.84	50.93	51.48	57.3	58.96	57.33
Goodwill and Intangibles	49.47	49.47	49.47	50.82	51.91	53.31
Total Assets	5,466	5,353	4,873	5,258	4,437	3,633
Total Liabilities	4,929	4,831	4,431	4,801	3,996	3,216
Total Debt	814.57	836.26	640.19	693.35	559.93	503.56
Debt Growth	7.12%	30.63%	-7.67%	23.83%	11.19%	0.77%
Retained Earnings	293.55	277.53	216.31	174.54	134.04	107.83
Comprehensive Income	-52.98	-50.49	-65.34	-3.73	5.49	3.7
Shareholders' Equity	536.64	522.15	441.41	456.56	441.55	416.56
Net Cash / Debt	-577.34	-705.73	-543.42	281.81	66.08	-269.83
Net Cash / Debt Growth	-	-	-	326.48%	-	-
Book Value Per Share	33.29	32.58	27.82	29.14	27.20	25.50

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).