MERCANTILE BANK CORPORATION financials

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MBWM CIK 0001042729

Source: EDGAR filings · Built 2026-06-02T03:31:21Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Return on Equity (ROE) 12.24% 13.62% 15.75% 13.83% 12.93% 10.00%
Return on Assets (ROA) 1.30% 1.32% 1.54% 1.25% 1.12% 0.99%
Debt-to-Equity 0.01× 0.01× 0.01× — — —
Effective Tax Rate 14.24% 19.02% 19.94% 19.43% 19.93% 19.53%
Cash Conversion Ratio 0.20× 1.27× 0.81× 1.96× 1.09× 0.86×
Accruals Ratio 0.01× -0.00× 0.00× -0.01× -0.00× 0.00×

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 8.79× 9.02× 7.87× 8.70× 9.49× 10.03×
P/B 1.14× 1.23× 1.25× 1.21× 1.22× 1.00×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Income Tax Expense (Benefit) 14.74M 18.69M 20.48M 14.73M 14.70M 10.71M
Net Income (Loss) Attributable to Parent 88.75M 79.59M 82.22M 61.06M 59.02M 44.14M
Earnings Per Share, Basic $5.47 $4.93 $5.13 $3.85 $3.69 $2.71
Weighted Average Number of Shares Outstanding, Basic 16.24M 16.13M 16.02M 15.86M 15.99M 16.27M
Earnings Per Share, Diluted $5.47 $4.93 $5.13 $3.85 $3.69 $2.71
Weighted Average Number of Shares Outstanding, Diluted — 16.13M 16.02M 15.86M 15.99M 16.27M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Assets 6.84B 6.05B 5.35B 4.87B 5.26B 4.44B
Liabilities 6.11B 5.47B 4.83B 4.43B 4.80B 4.00B
Stockholders' Equity Attributable to Parent 724.88M 584.53M 522.14M 441.41M 456.56M 441.55M
Common Stock, Shares, Outstanding 17.18M 16.15M 16.13M 15.99M 15.84M 16.33M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 17.97M 101.12M 66.61M 119.86M 64.57M 37.88M
Net Cash Provided by (Used in) Investing Activities -105.70M -425.44M -395.93M -555.00M -495.51M -398.81M
Payments for Repurchase of Common Stock — — 0 0 21.38M 6.59M
Net Cash Provided by (Used in) Financing Activities 168.04M 586.79M 363.08M -443.25M 780.09M 753.20M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (MBWM CIK 0001042729), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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