Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
44.34
+0.49 (1.12%)
Nov 3, 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
Cash & Equivalents | 477.02 | 393.01 | 130.53 | 96.77 | 975.16 | 626.01 | Upgrade |
Investment Securities | 831.47 | 704.98 | 587.62 | 570.98 | 550.94 | 362.46 | Upgrade |
Trading Asset Securities | 25.1 | 26.79 | 27.51 | 26.17 | 4.61 | 1 | Upgrade |
Mortgage-Backed Securities | 23.67 | 25.37 | 29.47 | 31.95 | 41.8 | 24.89 | Upgrade |
Total Investments | 880.24 | 757.15 | 644.6 | 629.11 | 597.35 | 388.35 | Upgrade |
Gross Loans | 4,615 | 4,601 | 4,304 | 3,917 | 3,456 | 3,198 | Upgrade |
Allowance for Loan Losses | -59.13 | -54.45 | -49.91 | -42.25 | -35.36 | -37.97 | Upgrade |
Other Adjustments to Gross Loans | - | - | - | - | -2.5 | -4.4 | Upgrade |
Net Loans | 4,556 | 4,546 | 4,254 | 3,874 | 3,418 | 3,156 | Upgrade |
Property, Plant & Equipment | 56.16 | 53.43 | 50.93 | 51.48 | 57.3 | 58.96 | Upgrade |
Goodwill | 49.47 | 49.47 | 49.47 | 49.47 | 49.47 | 49.47 | Upgrade |
Other Intangible Assets | - | - | - | - | 1.35 | 2.44 | Upgrade |
Loans Held for Sale | 17.43 | 15.82 | 18.61 | 3.57 | 16.12 | 22.89 | Upgrade |
Accrued Interest Receivable | 22.85 | 21.4 | 19.81 | 15.48 | 9.31 | 10.86 | Upgrade |
Other Real Estate Owned & Foreclosed | - | - | 0.2 | - | - | 0.7 | Upgrade |
Other Long-Term Assets | 227.78 | 194.04 | 163.72 | 134.65 | 115.59 | 104.17 | Upgrade |
Total Assets | 6,308 | 6,052 | 5,353 | 4,873 | 5,258 | 4,437 | Upgrade |
Interest Bearing Deposits | 3,450 | 2,684 | 2,032 | 1,846 | 2,106 | 1,589 | Upgrade |
Institutional Deposits | 178.92 | 749.68 | 621.75 | 261.61 | 299.12 | 389.57 | Upgrade |
Non-Interest Bearing Deposits | 1,183 | 1,265 | 1,248 | 1,605 | 1,678 | 1,433 | Upgrade |
Total Deposits | 4,812 | 4,698 | 3,901 | 3,713 | 4,083 | 3,412 | Upgrade |
Short-Term Borrowings | 251.5 | 121.52 | 229.73 | 194.34 | 197.46 | 118.37 | Upgrade |
Current Portion of Long-Term Debt | 106.41 | 107.91 | 27.96 | 26.38 | 4.86 | 1.03 | Upgrade |
Current Portion of Leases | 0.29 | 1.05 | - | - | - | - | Upgrade |
Accrued Interest Payable | 10.1 | 10.2 | 9.01 | 3.22 | 1.39 | 2.31 | Upgrade |
Other Current Liabilities | - | 0.18 | 0.1 | 0.11 | 0.21 | - | Upgrade |
Long-Term Debt | 89.57 | 89.31 | 88.97 | 88.63 | 73.65 | - | Upgrade |
Federal Home Loan Bank Debt, Long-Term | 265.32 | 306.22 | 467.91 | 308.26 | 374 | 394 | Upgrade |
Long-Term Leases | 3.71 | 3.37 | 3.7 | 3.5 | 2.8 | - | Upgrade |
Trust Preferred Securities | 50.84 | 50.33 | 49.64 | 48.96 | 48.24 | 47.56 | Upgrade |
Other Long-Term Liabilities | 61.29 | 79.18 | 53.13 | 45 | 15.38 | 20.97 | Upgrade |
Total Liabilities | 5,651 | 5,468 | 4,831 | 4,431 | 4,801 | 3,996 | Upgrade |
Common Stock | 303.46 | 299.71 | 295.11 | 290.44 | 285.75 | 302.03 | Upgrade |
Retained Earnings | 382.68 | 334.65 | 277.53 | 216.31 | 174.54 | 134.04 | Upgrade |
Comprehensive Income & Other | -28.51 | -49.83 | -50.49 | -65.34 | -3.73 | 5.49 | Upgrade |
Shareholders' Equity | 657.63 | 584.53 | 522.15 | 441.41 | 456.56 | 441.55 | Upgrade |
Total Liabilities & Equity | 6,308 | 6,052 | 5,353 | 4,873 | 5,258 | 4,437 | Upgrade |
Total Debt | 767.65 | 679.72 | 867.92 | 670.07 | 701.01 | 560.96 | Upgrade |
Net Cash (Debt) | -265.53 | -259.91 | -709.89 | -547.12 | 278.76 | 66.05 | Upgrade |
Net Cash Growth | - | - | - | - | 322.02% | - | Upgrade |
Net Cash Per Share | -16.38 | -16.11 | -44.32 | -34.50 | 17.44 | 4.06 | Upgrade |
Filing Date Shares Outstanding | 16.25 | 16.23 | 16.12 | 16 | 15.84 | 16.26 | Upgrade |
Total Common Shares Outstanding | 16.25 | 16.15 | 16.13 | 15.99 | 15.84 | 16.33 | Upgrade |
Book Value Per Share | 40.46 | 36.20 | 32.38 | 27.60 | 28.82 | 27.04 | Upgrade |
Tangible Book Value | 608.16 | 535.05 | 472.67 | 391.94 | 405.74 | 389.65 | Upgrade |
Tangible Book Value Per Share | 37.42 | 33.14 | 29.31 | 24.50 | 25.61 | 23.86 | Upgrade |
Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.