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    MERCANTILE BANK (MBWM) financials

    View MBWM earnings calls

    Price

    Market Cap

    Sector

    Rank

    Performance+24.2% 1Y

    Income Statement

    Financial Trajectories

    11
    Quarterly
    MetricQ3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Trend
    EarningsRevenue
    Operating Profit
    Net Profit
    $19.62M
    $19.63M
    $19.54M
    $22.62M
    $23.76M
    +21.1%
    $22.84M
    +16.4%
    $22.68M
    +16.1%
    $25.93M
    +14.6%
    Strengthening
    EPS
    $1.22
    $1.21
    $1.39
    $1.46
    +19.7%
    $1.32
    +9.1%
    $1.50
    +7.9%
    Strengthening
    Other Income
    Interest
    Depreciation
    Profit before Tax
    $24.56M
    $23.23M
    $24.05M
    $25.96M
    $27.44M
    +11.7%
    $26.05M
    +12.1%
    $27.28M
    +13.5%
    $31.18M
    +20.1%
    Strengthening
    MarginsOPM
    Tax
    20.1%
    15.5%
    18.8%
    12.9%
    13.4%
    -33.3%
    12.3%
    -20.6%
    16.9%
    -10.1%
    16.9%
    +30.8%
    Stable
    ReturnsROIC
    2.5%
    2.5%
    2.5%
    2.9%
    3.0%
    +21.1%
    2.9%
    +16.4%
    2.9%
    +16.1%
    3.3%
    +14.6%
    Strengthening

    Balance Sheet

    Balance Sheet

    USD · Annual
    Line itemFY18FY19FY20FY21FY22FY23FY24FY25TTM
    AssetsCash & Equivalents
    Short-Term Investments
    Total Current Assets
    Net PP&E$48.32M$57.33M$58.96M$57.30M$51.48M$54.63M$57.83M$66.37M$64.13M
    Goodwill$49.47M$49.47M$49.47M$49.47M$49.47M$49.47M$49.47M$72.66M$73.69M
    Intangibles$5.56M$3.84M$2.44M$1.35M$583.0K$0$20.39M$17.31M
    Total Assets$3.36B$3.63B$4.44B$5.26B$4.87B$5.35B$6.05B$6.84B$6.82B
    LiabilitiesTotal Current Liabilities
    Short-Term Debt
    Long-Term Debt
    Long-Term Leases
    Total Liabilities$2.99B$3.22B$4.00B$4.80B$4.43B$4.83B$5.47B$6.11B$6.06B
    EquityCommon Stock & APIC$308.00M$305.04M$302.03M$285.75M$290.44M$295.11M$299.70M$349.43M$352.34M
    Retained Earnings$75.48M$107.83M$134.04M$174.54M$216.31M$277.53M$334.65M$399.45M$434.79M
    Total Equity$375.25M$416.56M$441.55M$456.56M$441.41M$522.14M$584.53M$724.88M$755.12M
    HighlightsNet Cash / (Debt)

    Cash Flow

    Cash Flow

    USD · Annual
    Line itemFY18FY19FY20FY21FY22FY23FY24FY25TTM
    ActivitiesCash from Operating$61.74M$44.77M$37.88M$64.57M$119.86M$66.61M$101.12M$17.97M$72.33M
    Cash from Investing-$210.48M-$92.84M-$398.81M-$495.51M-$555.00M-$395.93M-$425.44M-$105.70M-$62.63M
    Cash from Financing$24.00M$206.45M$753.20M$780.09M-$443.25M$363.08M$586.79M$168.04M$35.15M
    SummaryCapital Expenditure
    Free Cash Flow
    FCF Margin

    Ratios