MBWM · Mercantile Bank Corp
$58.49
+1.31 (+2.28%)
At close · Jul 24
Market Cap
$1.01B
Shares
17.27M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Net Income
$88.75M
+11.5%
FY2025
Diluted EPS
$5.47
+11%
FY2025
Operating Cash Flow
$17.97M
-82.2%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $335.28M | $330.19M | $321.5M | $271.36M | $181.84M | $143.49M | $148.31M | $158.34M | $141.98M | $125.54M | $118.46M | $112.33M | $89.12M | $58.24M | $59.92M | $71.07M | $88.14M | $104.91M | |
| $208.4M | $201.04M | $191.09M | $193.55M | $158.24M | $124.06M | $122.25M | $124.53M | $120.08M | $109.75M | $105.87M | $101.17M | $77.78M | $47.46M | $46.7M | $51.24M | $56.35M | $51.33M | |
| $44.59M | $41.61M | $40.39M | $32.14M | $32.08M | $56.22M | $45.17M | $26.96M | $19.01M | $19M | $21.04M | $16.04M | $10.03M | $6.87M | $7.99M | $7.28M | $9.24M | $7.56M | |
| — | $5.8M | $10.51M | $11.5M | $12.95M | $13.68M | $9.43M | $9.55M | $9.77M | $10.36M | $9.58M | $11.65M | $7.61M | $2.21M | $2.24M | $2.2M | $2.44M | $2.58M | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $0 | $0 | $1.31M | |
| $95.08M | — | — | $77.81M | $23.6M | $19.43M | $26.07M | $33.8M | $21.9M | $15.8M | $12.59M | $11.15M | $11.34M | $10.79M | $13.22M | $19.83M | $31.79M | $53.58M | |
| $106.73M | $103.49M | $98.29M | $102.7M | $75.79M | $73.72M | $54.85M | $60.46M | $51.82M | $46.08M | $46.89M | $38.83M | $25.2M | $25.13M | $18.17M | $10.12M | -$13.36M | -$46.6M | |
| $14.83M | $14.74M | $18.69M | $20.48M | $14.73M | $14.7M | $10.71M | $11M | $9.8M | $14.81M | $14.97M | $11.81M | $7.87M | $8.09M | $5.64M | -$27.36M | -$47K | — | |
| $91.9M | $88.75M | $79.59M | $82.22M | $61.06M | $59.02M | $44.14M | $49.46M | $42.02M | $31.27M | $31.91M | $27.02M | $17.33M | $17.03M | $12.54M | $37.49M | -$13.32M | -$52.09M | |
| — | — | — | — | — | — | — | — | — | — | $31.91M | $27.02M | $17.33M | $17.03M | $11.51M | $36.14M | -$14.61M | -$52.89M | |
| $103.37M | $114.58M | $80.26M | $97.07M | -$549K | $49.81M | $45.93M | $61.39M | $38.65M | $32.82M | $25.07M | $28.27M | $22.92M | $9.81M | $10.86M | $39.99M | -$13.35M | -$54.53M | |
| USD/shares | — | $5.47 | $4.93 | $5.13 | $3.85 | $3.69 | $2.71 | $3.01 | $2.53 | $1.90 | $1.96 | $1.63 | $1.28 | $1.96 | $1.33 | $4.20 | -$1.72 | -$6.23 |
| USD/shares | — | $5.47 | $4.93 | $5.13 | $3.85 | $3.69 | $2.71 | $3.01 | $2.53 | $1.90 | $1.96 | $1.62 | $1.28 | $1.95 | $1.30 | $4.07 | -$1.72 | -$6.23 |
| shares | — | 16.24M | 16.13M | 16.02M | 15.86M | 15.99M | 16.27M | 16.41M | 16.6M | 16.48M | 16.29M | 16.61M | 13.51M | 8.71M | 8.63M | 8.6M | 8.51M | — |
| shares | — | — | 16.13M | 16.02M | 15.86M | 15.99M | 16.27M | 16.41M | 16.61M | 16.49M | 16.31M | 16.64M | 13.54M | 8.72M | 8.85M | 8.88M | 8.51M | — |
Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $60.59M in buybacks, $238.19M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
EV/EBIT
—
P/E (TTM)
10.48×
Banks - Regional median 12.96×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Credit And Debit Card | $9,207,000 | $8,821,000 | $8,914,000 | $8,216,000 | $7,516,000 | $5,973,000 | $5,925,000 | $5,354,000 |
| Service Charges on Deposit and Sweep Accounts | $8,134,000 | $6,842,000 | $4,954,000 | $5,952,000 | $5,078,000 | $4,578,000 | $4,584,000 | — |
| Payroll Processing | $3,473,000 | $3,058,000 | $2,509,000 | $2,178,000 | $1,815,000 | $1,745,000 | $1,626,000 | — |
| Interest Rate Swap Fees | $1,957,000 | $3,210,000 | $3,946,000 | — | — | — | — | — |
| Customer Service | $876,000 | $797,000 | $801,000 | $852,000 | $857,000 | $757,000 | $759,000 | — |
| Deposit Account | — | — | — | — | — | $4,578,000 | $4,584,000 | $4,358,000 |
Key facts
CIK
1042729
CUSIP
587376104
13F (30d)
35 filings
35 filers
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