MBWM
MERCANTILE BANK CORPCompany Information
- Company Name
- MERCANTILE BANK CORP
- CIK
- CIK0001042729
- Category
- Large accelerated filer
- Ticker: Exchange
- MBWM: Nasdaq
- Fiscal Year End
- December 31
- Owner Organization
- 02 Finance
- SIC
- 6022
- SIC Description
- State Commercial Banks
- Ticker
- MBWM
SEC filing data through
Insider Sentiment
- Last purchase
- 2025-10-31
- Last sale
- 2025-11-13
- Shares purchased (TTM)
- 4,422
- Shares sold (TTM)
- 27,349
Institutional Sentiment
- As of
- 2026-06-30
- Institutional shares owned
- 11,751,292
- Shares outstanding
- 17,278,057
- Ownership
- 68.01%
Earnings Market Reaction
- Filing date
- 2026-07-31
- Price on filing date
- —
- 1-month reaction
- …
- 3-month reaction
- …
Balance Sheet
Values in millions ($)| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||||||||||
| Cash And Due From Banks | 70 | 48 | 55 | 59 | 99 | 70 | 57 | 88 | 62 | 53 | 70 | 65 | ||||||
| Interest Bearing Deposits In Banks | 271 | 531 | 419 | 418 | 197 | 315 | 336 | 241 | 136 | 185 | 60 | 201 | ||||||
| Cash Cash Equivalents And Federal Funds Sold | 341 | 579 | 473 | 477 | 296 | 385 | 393 | 329 | 198 | 237 | 131 | 266 | ||||||
| Available For Sale Securities Debt Securities | 1,126 | 1,125 | 1,102 | 855 | 826 | 788 | 730 | 703 | 648 | 609 | 617 | 592 | ||||||
| Federal Home Loan Bank Stock | - | - | - | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | ||||||
| Notes Receivable Gross | 4,916 | 4,817 | 4,822 | 4,615 | 4,698 | 4,637 | 4,601 | 4,553 | 4,438 | 4,322 | 4,304 | 4,104 | ||||||
| Financing Receivable Allowance For Credit Losses | -55 | -57 | -58 | -59 | -58 | -57 | -54 | -57 | -55 | -52 | -50 | -48 | ||||||
| Notes Receivable Net | 4,860 | 4,760 | 4,764 | 4,556 | 4,640 | 4,580 | 4,546 | 4,496 | 4,383 | 4,270 | 4,254 | 4,056 | ||||||
| Property Plant And Equipment Net | 61 | 62 | 62 | 56 | 55 | 54 | 53 | 54 | 50 | 51 | 51 | 52 | ||||||
| Bank Owned Life Insurance | 117 | 106 | 105 | 95 | 95 | 94 | 94 | 86 | 86 | 86 | 86 | 82 | ||||||
| Goodwill | 74 | 74 | 73 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | ||||||
| Finite Lived Intangible Assets Net | 17 | 18 | 20 | - | - | - | 0 | - | - | - | - | 0 | ||||||
| Other Assets | 193 | 199 | 218 | 181 | 170 | 154 | 170 | 148 | 145 | 127 | 126 | 121 | ||||||
| Assets | 6,819 | 6,945 | 6,835 | 6,308 | 6,181 | 6,141 | 6,052 | 5,917 | 5,602 | 5,466 | 5,353 | 5,251 | ||||||
| Noninterest Bearing Domestic Deposit Demand | 1,421 | 1,332 | 1,340 | 1,183 | 1,181 | 1,173 | 1,265 | 1,182 | 1,120 | 1,135 | 1,248 | 1,310 | ||||||
| Interest Bearing Deposit Liabilities Domestic | 3,876 | 4,088 | 3,945 | 3,629 | 3,530 | 3,508 | 3,434 | 3,274 | 3,027 | 2,873 | 2,653 | 2,591 | ||||||
| Deposits | 5,296 | 5,420 | 5,284 | 4,812 | 4,710 | 4,682 | 4,698 | 4,456 | 4,147 | 4,008 | 3,901 | 3,901 | ||||||
| Securities Sold Under Agreements To Repurchase | 217 | 220 | 232 | 251 | 243 | 242 | 122 | 221 | 222 | 229 | 230 | 164 | ||||||
| Federal Home Loan Bank Advances Long Term | 305 | 315 | 326 | 346 | 356 | 366 | 387 | 417 | 427 | 447 | 468 | 458 | ||||||
| Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust | 51 | 51 | 51 | 51 | 51 | 51 | 50 | 50 | 50 | 50 | 50 | 49 | ||||||
| Junior Subordinated Notes | 90 | 90 | 90 | 90 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | ||||||
| Accrued Liabilities Current And Noncurrent | 79 | 85 | 97 | 101 | 100 | 103 | 121 | 101 | 117 | 107 | 94 | 107 | ||||||
| Liabilities | 6,064 | 6,208 | 6,110 | 5,651 | 5,549 | 5,533 | 5,468 | 5,334 | 5,051 | 4,929 | 4,831 | 4,768 | ||||||
Stockholders Equity | ||||||||||||||||||
| Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Common Stock Value | 352 | 351 | 349 | 303 | 302 | 301 | 300 | 299 | 298 | 296 | 295 | 294 | ||||||
| Retained Earnings Accumulated Deficit | 435 | 415 | 399 | 383 | 365 | 348 | 335 | 321 | 307 | 294 | 278 | 263 | ||||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -32 | -29 | -24 | -29 | -36 | -41 | -50 | -36 | -53 | -53 | -50 | -74 | ||||||
| Stockholders Equity | 755 | 737 | 725 | 658 | 632 | 608 | 585 | 583 | 551 | 537 | 522 | 483 | ||||||
| Liabilities And Stockholders Equity | 6,819 | 6,945 | 6,835 | 6,308 | 6,181 | 6,141 | 6,052 | 5,917 | 5,602 | 5,466 | 5,353 | 5,251 | ||||||
| Preferred Stock No Par Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Preferred Stock Shares Authorized | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||
| Preferred Stock Shares Outstanding | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Preferred Stock Shares Issued | 0 | 0 | - | - | - | - | - | - | - | - | - | - | ||||||
| Common Stock No Par Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Common Stock Shares Authorized | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | ||||||
| Common Stock Shares Issued | 17 | 17 | 17 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | ||||||
| Shares Outstanding | 17 | 17 | 17 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | ||||||
Select a line item above to chart it.
Recent filings
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
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Start 7-day free trialMERCANTILE BANK CORP (MBWM) — SEC Financial Statements & Analysis
MERCANTILE BANK CORP (MBWM) is a state commercial banks company, incorporated in MI. MERCANTILE BANK CORP trades on Nasdaq as: MBWM. MERCANTILE BANK CORP (MBWM)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-31. Based on that filing, MERCANTILE BANK CORP carries a market cap of $992.11M, a P/E ratio of 10.42x, a P/B ratio of 1.31x, a P/S ratio of 94.06x, an enterprise value of $1.01B, and an EV/EBITDA multiple of -10.15x. On profitability, it posts a gross margin of -1074.10%, an operating margin of 1061.32%, a net margin of 902.64%, a Return on Equity (ROE) of 13.73%, and a Return on Invested Capital (ROIC) of -12.68%. Per share, it reports EPS of $5.51, diluted EPS of $5.51, free cash flow per share of $4.19, and a dividend per share of $1.47. Over the trailing year, it posted revenue growth of 12.17% year-over-year, net income growth of 16.97% year-over-year, and EPS growth of 9.94% year-over-year. On the balance sheet, it maintains an interest coverage ratio of -0.48x, free cash flow of $72.33M (TTM), and net debt of $20.03M. Figures sourced from SEC EDGAR.
- Market Cap
- $992.11M
- P/E TTM
- 10.42x
- EPS TTM
- $5.51
- P/B TTM
- 1.31x
- ROE TTM
- 13.73%
- Free Cash Flow TTM
- $72.33M
- Net Revenue TTM Growth 1Y
- 12.17%
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is MERCANTILE BANK CORP in?
MERCANTILE BANK CORP (MBWM) operates in the State Commercial Banks industry.
What exchange does MBWM trade on?
MERCANTILE BANK CORP (MBWM) trades on the Nasdaq.
Where is MERCANTILE BANK CORP incorporated?
MERCANTILE BANK CORP is incorporated in MI.
When was MERCANTILE BANK CORP (MBWM)'s most recent SEC filing?
MERCANTILE BANK CORP (MBWM)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-31.
What is MBWM's market cap?
MERCANTILE BANK CORP (MBWM) has a market capitalization of $992.11M as of 2026-06-30.
What is MBWM's P/E ratio?
MERCANTILE BANK CORP (MBWM)'s trailing twelve month P/E ratio is 10.42x as of 2026-06-30.
What is MBWM's EPS (earnings per share)?
MERCANTILE BANK CORP (MBWM)'s trailing twelve month EPS is $5.51 as of 2026-06-30.
What is MBWM's ROE (return on equity)?
MERCANTILE BANK CORP (MBWM)'s trailing twelve month Return on Equity (ROE) is 13.73% as of 2026-06-30.
What is MBWM's ROIC (return on invested capital)?
MERCANTILE BANK CORP (MBWM)'s trailing twelve month Return on Invested Capital (ROIC) is -12.68% as of 2026-06-30.
What is MBWM's EV/EBITDA?
MERCANTILE BANK CORP (MBWM)'s trailing twelve month EV/EBITDA is -10.15x as of 2026-06-30.