Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
60.54
+0.46 (0.77%)
Aug 3, 2026, 11:44 AM EDT - Market open
Mercantile Bank Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Equivalents | 340.93 | 473.32 | 393.01 | 130.53 | 61.89 | 975.16 |
Securities and Investments | 1,126 | 1,102 | 730.35 | 638.61 | 620.66 | 610.75 |
Other Earning Assets | 31.27 | 17.16 | 15.82 | 18.61 | 38.44 | 16.12 |
Gross Loans | 4,916 | 4,822 | 4,601 | 4,304 | 3,917 | 3,453 |
Allowance for Loan Losses | -55.44 | -58.19 | -54.45 | -49.91 | -42.25 | -35.36 |
Net Loans | 4,860 | 4,764 | 4,546 | 4,254 | 3,874 | 3,418 |
Net Property, Plant & Equipment | 60.73 | 62.47 | 53.43 | 50.93 | 51.48 | 57.3 |
Other Intangible Assets | 17.31 | 20.39 | 0 | - | - | 1.35 |
Goodwill | 73.69 | 72.66 | 49.47 | 49.47 | 49.47 | 49.47 |
Long-Term Investments | 116.58 | 105.34 | 93.84 | 85.67 | 80.73 | 75.24 |
Other Non-Earning Assets | 193.35 | 217.95 | 169.91 | 125.57 | 95.58 | 54.27 |
Total Assets | 6,819 | 6,835 | 6,052 | 5,353 | 4,873 | 5,258 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Interest-bearing deposits | 3,876 | 3,945 | 3,434 | 2,653 | 2,108 | 2,405 |
Noninterest-bearing deposits | 1,421 | 1,340 | 1,265 | 1,248 | 1,605 | 1,678 |
Total Deposits | 5,296 | 5,284 | 4,698 | 3,901 | 3,713 | 4,083 |
Short-Term Interbank Borrowing and Repurchase Agreements | 522.79 | 558.51 | 508.6 | 697.64 | 502.6 | 571.46 |
Accrued Expenses | 79 | 96.7 | 121.02 | 93.9 | 78.21 | 24.64 |
Long-Term Debt | 141.19 | 140.67 | 139.64 | 138.62 | 137.59 | 121.89 |
Other Liabilities | 25 | 30 | 0 | - | - | - |
Total Liabilities | 6,064 | 6,110 | 5,468 | 4,831 | 4,431 | 4,801 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | 352.34 | 349.43 | 299.71 | 295.11 | 290.44 | 285.75 |
Accumulated Other Comprehensive Income | -32 | -24 | -49.83 | -50.49 | -65.34 | -3.73 |
Retained Earnings | 434.79 | 399.45 | 334.65 | 277.53 | 216.31 | 174.54 |
Shareholders' Equity | 755.12 | 724.88 | 584.53 | 522.15 | 441.41 | 456.56 |
Total Liabilities & Equity | 6,819 | 6,835 | 6,052 | 5,353 | 4,873 | 5,258 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Debt | 141.19 | 140.67 | 139.64 | 138.62 | 137.59 | 121.89 |
Net Cash (Debt) | -141.19 | -140.67 | -139.64 | -138.62 | -137.59 | -121.89 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -8.43 | -8.66 | -8.66 | -8.65 | -8.68 | -7.62 |
Book Value | 755.12 | 724.88 | 584.53 | 522.15 | 441.41 | 456.56 |
Book Value Per Share | 45.06 | 44.64 | 36.24 | 32.60 | 27.83 | 28.56 |
Tangible Book Value | 664.13 | 631.84 | 535.05 | 472.67 | 391.94 | 405.74 |
Tangible Book Value Per Share | 39.63 | 38.91 | 33.17 | 29.51 | 24.71 | 25.38 |