stock
Mercantile Bank Corporation
NASDAQ | MBWM
46.41
USD
0.00
(0.00%
)AT CLOSE (AS OF Aug 15, 2025)
$766M
MARKET CAP
9.37
P/E Ratio
5.03
EPS
$52
52 Week High
$37
52 Week Low
FINANCE
Sector
MBWM Chart
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1D
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MBWM Technicals
MBWM Earnings
Yearly Income Statement (As of Dec 31, 2024)
| Field | Value (USD) |
|---|---|
| Gross Profit | $224M |
| Total Revenue | $362M |
| Cost Of Revenue | $138M |
| Costof Goods And Services Sold | $138M |
| Operating Income | $98M |
| Selling General And Administrative | $80M |
| Research And Development | - |
| Operating Expenses | $126M |
| Investment Income Net | - |
| Net Interest Income | $191M |
| Interest Income | $322M |
| Interest Expense | $130M |
| Non Interest Income | - |
| Other Non Operating Income | - |
| Depreciation | - |
| Depreciation And Amortization | $11M |
| Income Before Tax | $98M |
| Income Tax Expense | $19M |
| Interest And Debt Expense | - |
| Net Income From Continuing Operations | $80M |
| Comprehensive Income Net Of Tax | - |
| Ebit | $98M |
| Ebitda | $109M |
| Net Income | $80M |
Revenue & Profitability
Earnings Performance
MBWM Financials
yearly Balance Sheet (As of Dec 31, 2024)
| Field | Value (USD) |
|---|---|
| Total Assets | $6.1B |
| Total Current Assets | $1.1B |
| Cash And Cash Equivalents At Carrying Value | $393M |
| Cash And Short Term Investments | $393M |
| Inventory | - |
| Current Net Receivables | - |
| Total Non Current Assets | $4.9B |
| Property Plant Equipment | - |
| Accumulated Depreciation Amortization Ppe | - |
| Intangible Assets | - |
| Intangible Assets Excluding Goodwill | - |
| Goodwill | $49M |
| Investments | - |
| Long Term Investments | $730M |
| Short Term Investments | $730M |
| Other Current Assets | - |
| Other Non Current Assets | - |
| Total Liabilities | $5.5B |
| Total Current Liabilities | $4.8B |
| Current Accounts Payable | - |
| Deferred Revenue | - |
| Current Debt | - |
| Short Term Debt | $122M |
| Total Non Current Liabilities | $648M |
| Capital Lease Obligations | - |
| Long Term Debt | $527M |
| Current Long Term Debt | - |
| Long Term Debt Noncurrent | - |
| Short Long Term Debt Total | $648M |
| Other Current Liabilities | $4.7B |
| Other Non Current Liabilities | - |
| Total Shareholder Equity | $585M |
| Treasury Stock | - |
| Retained Earnings | $335M |
| Common Stock | $300M |
| Common Stock Shares Outstanding | $16M |
yearly Cash Flow (As of Dec 31, 2024)
| Field | Value (USD) |
|---|---|
| Operating Cashflow | $101M |
| Payments For Operating Activities | - |
| Proceeds From Operating Activities | - |
| Change In Operating Liabilities | - |
| Change In Operating Assets | - |
| Depreciation Depletion And Amortization | $11M |
| Capital Expenditures | $8.5M |
| Change In Receivables | - |
| Change In Inventory | - |
| Profit Loss | - |
| Cashflow From Investment | -$425M |
| Cashflow From Financing | $587M |
| Proceeds From Repayments Of Short Term Debt | - |
| Payments For Repurchase Of Common Stock | - |
| Payments For Repurchase Of Equity | - |
| Payments For Repurchase Of Preferred Stock | - |
| Dividend Payout | $22M |
| Dividend Payout Common Stock | $22M |
| Dividend Payout Preferred Stock | - |
| Proceeds From Issuance Of Common Stock | - |
| Proceeds From Issuance Of Long Term Debt And Capital Securities Net | - |
| Proceeds From Issuance Of Preferred Stock | - |
| Proceeds From Repurchase Of Equity | - |
| Proceeds From Sale Of Treasury Stock | - |
| Change In Cash And Cash Equivalents | - |
| Change In Exchange Rate | - |
| Net Income | $80M |
yearly Income Statement (As of Dec 31, 2024)
| Field | Value (USD) |
|---|---|
| Gross Profit | $224M |
| Total Revenue | $362M |
| Cost Of Revenue | $138M |
| Costof Goods And Services Sold | $138M |
| Operating Income | $98M |
| Selling General And Administrative | $80M |
| Research And Development | - |
| Operating Expenses | $126M |
| Investment Income Net | - |
| Net Interest Income | $191M |
| Interest Income | $322M |
| Interest Expense | $130M |
| Non Interest Income | - |
| Other Non Operating Income | - |
| Depreciation | - |
| Depreciation And Amortization | $11M |
| Income Before Tax | $98M |
| Income Tax Expense | $19M |
| Interest And Debt Expense | - |
| Net Income From Continuing Operations | $80M |
| Comprehensive Income Net Of Tax | - |
| Ebit | $98M |
| Ebitda | $109M |
| Net Income | $80M |
Dividends
| Field | Value |
|---|---|
| Ex Dividend Date | 2025-06-06 |
| Declaration Date | 2025-04-17 |
| Record Date | 2025-06-06 |
| Payment Date | 2025-06-18 |
| Amount | 0.37 |
MBWM News
MBWM Profile
Mercantile Bank Corporation Profile
Sector: FINANCE
Industry: STATE COMMERCIAL BANKS
Mercantile Bank Corporation is the banking holding company for Mercantile Bank of Michigan providing commercial and retail banking services for small and medium-sized businesses and individuals in the United States. The company is headquartered in Grand Rapids, Michigan.
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