Mercantile Bank Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	579.3	473.32	393.01	130.53	61.89	975.16
Securities and Investments	1,125	1,102	730.35	638.61	620.66	610.75
Other Earning Assets	21.75	17.16	15.82	18.61	38.44	16.12
Gross Loans	4,817	4,822	4,601	4,304	3,917	3,453
Allowance for Loan Losses	-56.74	-58.19	-54.45	-49.91	-42.25	-35.36
Net Loans	4,760	4,764	4,546	4,254	3,874	3,418
Net Property, Plant & Equipment	61.86	62.47	53.43	50.93	51.48	57.3
Other Intangible Assets	18.17	20.39	0	-	-	1.35
Goodwill	73.69	72.66	49.47	49.47	49.47	49.47
Long-Term Investments	105.86	105.34	93.84	85.67	80.73	75.24
Other Non-Earning Assets	199.01	217.95	169.91	125.57	95.58	54.27
Total Assets	6,945	6,835	6,052	5,353	4,873	5,258
Interest-bearing deposits	4,088	3,945	3,434	2,653	2,108	2,405
Noninterest-bearing deposits	1,332	1,340	1,265	1,248	1,605	1,678
Total Deposits	5,420	5,284	4,698	3,901	3,713	4,083
Short-Term Interbank Borrowing and Repurchase Agreements	534.84	558.51	508.6	697.64	502.6	571.46
Accrued Expenses	85.31	96.7	121.02	93.9	78.21	24.64
Long-Term Debt	140.93	140.67	139.64	138.62	137.59	121.89
Other Liabilities	27.5	30	0	-	-	-
Total Liabilities	6,208	6,110	5,468	4,831	4,431	4,801
Common Stock	350.65	349.43	299.71	295.11	290.44	285.75
Accumulated Other Comprehensive Income	-29.2	-24	-49.83	-50.49	-65.34	-3.73
Retained Earnings	415.5	399.45	334.65	277.53	216.31	174.54
Shareholders' Equity	736.95	724.88	584.53	522.15	441.41	456.56
Total Liabilities & Equity	6,945	6,835	6,052	5,353	4,873	5,258
Total Debt	140.93	140.67	139.64	138.62	137.59	121.89
Net Cash (Debt)	-140.93	-140.67	-139.64	-138.62	-137.59	-121.89
Net Cash Per Share	-8.54	-8.66	-8.66	-8.65	-8.68	-7.62
Book Value	736.95	724.88	584.53	522.15	441.41	456.56
Book Value Per Share	44.67	44.64	36.24	32.60	27.83	28.56
Tangible Book Value	645.09	631.84	535.05	472.67	391.94	405.74
Tangible Book Value Per Share	39.10	38.91	33.17	29.51	24.71	25.38

Updated Apr 21, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q