Mercantile Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Mercantile Bank
MBWM Stock  USD 53.78  0.05  0.09%   
Mercantile Bank's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Mercantile Bank's valuation are provided below:
Gross Profit
238.5 M
Profit Margin
0.3722
Market Capitalization
923.1 M
Enterprise Value Revenue
5.855
Revenue
238.5 M
There are over one hundred nineteen available fundamental ratios for Mercantile Bank, which can be analyzed over time and compared to other ratios. Self-guided Investors are advised to check Mercantile Bank's last-minute fundamentals against the trend between 2010 and 2026 to make sure the company can sustain itself down the road. As of the 13th of February 2026, Market Cap is likely to grow to about 739.3 M. Also, Enterprise Value is likely to grow to about 1.1 B

Mercantile Bank Total Revenue

390.39 Million

Check Mercantile Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mercantile Bank's main balance sheet or income statement drivers, such as Depreciation And Amortization of 5.9 M, Interest Expense of 135.6 M or Total Revenue of 390.4 M, as well as many indicators such as Price To Sales Ratio of 1.9, Dividend Yield of 0.0374 or PTB Ratio of 1.32. Mercantile financial statements analysis is a perfect complement when working with Mercantile Bank Valuation or Volatility modules.
  
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Check out the analysis of Mercantile Bank Correlation against competitors.
To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.

Mercantile Bank Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets7.2 B6.8 B3.7 B
Slightly volatile
Short and Long Term Debt Total867.2 M825.9 M446.9 M
Slightly volatile
Total Current Liabilities5.8 B5.5 B2.7 B
Slightly volatile
Total Stockholder Equity761.1 M724.9 M387.3 M
Slightly volatile
Property Plant And Equipment Net37.9 M62.5 M43.8 M
Slightly volatile
Accounts Payable66.9 M70.4 M32.2 M
Slightly volatile
Cash497 M473.3 M248.2 M
Slightly volatile
Non Current Assets Total5.5 B5.3 B2.8 B
Slightly volatile
Cash And Short Term Investments1.7 B1.6 B693.8 M
Slightly volatile
Common Stock Shares Outstanding12.2 M16.3 M13.8 M
Slightly volatile
Liabilities And Stockholders Equity7.2 B6.8 B3.7 B
Slightly volatile
Other Current Assets128.4 M135.2 M1.1 B
Slightly volatile
Total Liabilities6.4 B6.1 B3.4 B
Slightly volatile
Total Current Assets1.7 B1.6 B823.5 M
Slightly volatile
Common Stock332 M349.4 M266.8 M
Slightly volatile
Net Receivables4.7 B4.5 B3 B
Slightly volatile
Common Stock Total Equity221.9 M334 M258.6 M
Slightly volatile
Non Current Liabilities Total623.3 M593.6 M337.2 M
Slightly volatile
Property Plant And Equipment Gross124.4 M118.5 M62.2 M
Slightly volatile
Other Liabilities54.9 M52.3 M23.1 M
Slightly volatile
Long Term Debt636 M605.7 M222.1 M
Slightly volatile
Short Term Investments1.2 B1.1 B456.2 M
Slightly volatile
Property Plant Equipment37.9 M59.2 M43.7 M
Slightly volatile
Short Term Debt145.7 M232.3 M137.6 M
Slightly volatile
Net Tangible Assets315.3 M450.1 M301.9 M
Slightly volatile
Warrants910.4 K1 M1.1 M
Slightly volatile
Long Term Debt Total166.1 M158.2 M78.6 M
Slightly volatile
Long Term Investments624.5 M657.3 M1.6 B
Pretty Stable
Non Current Liabilities Other137.1 M223.5 M136.3 M
Slightly volatile
Short and Long Term Debt34.2 M36 M140 M
Slightly volatile
Earning Assets497.2 M613.1 M473.2 M
Slightly volatile
Net Invested Capital987.7 M1.3 B815.8 M
Slightly volatile
Capital Stock238.4 M269.7 M297.5 M
Slightly volatile

Mercantile Bank Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization5.9 M4.4 M7.9 M
Slightly volatile
Interest Expense135.6 M129.2 M41.1 M
Slightly volatile
Total Revenue390.4 M371.8 M183 M
Slightly volatile
Gross Profit250 M238.1 M139.3 M
Slightly volatile
Other Operating Expenses283.2 M269.7 M128 M
Slightly volatile
EBIT107.2 M102.1 M55.4 M
Slightly volatile
Cost Of Revenue140.4 M133.7 M43.7 M
Slightly volatile
Total Operating Expenses142.8 M136 M84.3 M
Slightly volatile
Selling General Administrative41.6 M82 M51.1 M
Slightly volatile
Selling And Marketing Expenses99.8 M95.1 M12.6 M
Slightly volatile
Net Income Applicable To Common Shares73.7 M70.2 M41 M
Slightly volatile
Preferred Stock And Other Adjustments949.2 K927 K1.1 M
Slightly volatile
Net Income From Continuing Ops47.1 M91.5 M44 M
Slightly volatile
Non Recurring4.4 M4.9 M5.4 M
Slightly volatile
Tax Provision15.6 M21.5 M14 M
Slightly volatile
Net Interest Income148.8 M219.7 M131 M
Slightly volatile
Interest Income187.8 M369.7 M166.3 M
Slightly volatile
Reconciled Depreciation12.1 M12.1 M10.9 M
Slightly volatile

Mercantile Bank Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation12.7 M12.1 M8.7 M
Slightly volatile
Total Cash From Operating Activities122.1 M116.3 M54.5 M
Slightly volatile
Begin Period Cash Flow412.7 M393 M236.4 M
Slightly volatile
Dividends Paid27.1 M25.8 M15.8 M
Slightly volatile
Stock Based Compensation4 M3.8 M2.1 M
Slightly volatile
Issuance Of Capital Stock703.2 K729 K994.4 K
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.92.10412.7479
Slightly volatile
Dividend Yield0.03740.03120.0346
Very volatile
PTB Ratio1.321.07921.2107
Pretty Stable
Days Sales Outstanding26.6623.5221.4547
Very volatile
Book Value Per Share46.844.570225.9748
Slightly volatile
Operating Cash Flow Per Share5.925.643.4166
Slightly volatile
Stock Based Compensation To Revenue0.00740.00820.0097
Slightly volatile
Capex To Depreciation1.660.930.7769
Very volatile
PB Ratio1.321.07921.2107
Pretty Stable
EV To Sales3.023.05234.0034
Slightly volatile
Payables Turnover0.420.442.0546
Slightly volatile
Sales General And Administrative To Revenue0.210.22070.3123
Slightly volatile
Capex To Revenue0.04640.02710.0322
Very volatile
Cash Per Share10296.874445.602
Slightly volatile
POCF Ratio14.08.1615.1149
Slightly volatile
Capex To Operating Cash Flow0.09220.0970.244
Slightly volatile
Days Payables Outstanding895852526
Slightly volatile
EV To Operating Cash Flow20.3711.0620.8606
Slightly volatile
Intangibles To Total Assets0.0150.01360.0153
Slightly volatile
Current Ratio0.30.28560.2696
Pretty Stable
Tangible Book Value Per Share40.7938.849323.0109
Slightly volatile
Receivables Turnover12.1816.0617.1085
Pretty Stable
Graham Number77.6873.976741.8714
Slightly volatile
Shareholders Equity Per Share46.844.570225.9748
Slightly volatile
Debt To Equity0.961.13931.104
Slightly volatile
Capex Per Share0.430.610.3221
Slightly volatile
Revenue Per Share24.022.860512.1579
Slightly volatile
Interest Debt Per Share61.6658.721132.9387
Slightly volatile
Debt To Assets0.0880.12080.1148
Slightly volatile
Short Term Coverage Ratios0.790.750.4121
Slightly volatile
Operating Cycle26.6623.5221.4547
Very volatile
Price Book Value Ratio1.321.07921.2107
Pretty Stable
Days Of Payables Outstanding895852526
Slightly volatile
Price To Operating Cash Flows Ratio14.08.1615.1149
Slightly volatile
Company Equity Multiplier11.689.42949.6087
Slightly volatile
Long Term Debt To Capitalization0.320.45020.4107
Slightly volatile
Total Debt To Capitalization0.420.53260.5136
Slightly volatile
Debt Equity Ratio0.961.13931.104
Slightly volatile
Quick Ratio0.30.28560.2696
Pretty Stable
Dividend Paid And Capex Coverage Ratio3.182.943.4601
Slightly volatile
Net Income Per E B T0.70.86930.9358
Slightly volatile
Cash Ratio0.09010.08580.0692
Slightly volatile
Operating Cash Flow Sales Ratio0.180.250.2708
Pretty Stable
Days Of Sales Outstanding26.6623.5221.4547
Very volatile
Cash Flow Coverage Ratios0.140.180.1172
Slightly volatile
Price To Book Ratio1.321.07921.2107
Pretty Stable
Fixed Asset Turnover4.525.95193.7873
Slightly volatile
Capital Expenditure Coverage Ratio12.3310.6719.7766
Slightly volatile
Price Cash Flow Ratio14.08.1615.1149
Slightly volatile
Debt Ratio0.0880.12080.1148
Slightly volatile
Cash Flow To Debt Ratio0.140.180.1172
Slightly volatile
Price Sales Ratio1.92.10412.7479
Slightly volatile
Asset Turnover0.05830.05440.0476
Slightly volatile
Gross Profit Margin0.480.64030.7533
Very volatile
Price Fair Value1.321.07921.2107
Pretty Stable

Mercantile Bank Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap739.3 M704.1 M554 M
Slightly volatile
Enterprise Value1.1 B1 B1.1 B
Slightly volatile

Mercantile Fundamental Market Drivers

Forward Price Earnings10.8696
Cash And Short Term Investments1.6 B

Mercantile Upcoming Events

16th of April 2024
Upcoming Quarterly Report
View
16th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
21st of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Mercantile Bank Financial Statements

Mercantile Bank investors utilize fundamental indicators, such as revenue or net income, to predict how Mercantile Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue-177.8 M-186.7 M
Total Revenue371.8 M390.4 M
Cost Of Revenue133.7 M140.4 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.22  0.21 
Capex To Revenue 0.03  0.05 
Revenue Per Share 22.86  24.00 
Ebit Per Revenue 0.27  0.15 

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When determining whether Mercantile Bank is a strong investment it is important to analyze Mercantile Bank's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mercantile Bank's future performance. For an informed investment choice regarding Mercantile Stock, refer to the following important reports:
How To Invest In Mercantile
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Is Mercantile Stock a good investment?
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What is Mercantile Bank's Net Worth?
Details
Largest Regional Banks Companies
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Largest Banks - Regional Companies
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Check out the analysis of Mercantile Bank Correlation against competitors.
To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Will Regional Banks sector continue expanding? Could Mercantile diversify its offerings? Factors like these will boost the valuation of Mercantile Bank. Expected growth trajectory for Mercantile significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Mercantile Bank data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
0.157
Dividend Share
1.5
Earnings Share
5.47
Revenue Per Share
14.685
Quarterly Revenue Growth
0.087
Investors evaluate Mercantile Bank using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Mercantile Bank's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Mercantile Bank's market price to deviate significantly from intrinsic value.
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Understanding that Mercantile Bank's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Mercantile Bank represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, Mercantile Bank's market price signifies the transaction level at which participants voluntarily complete trades.
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