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Friday 6 November 2026
Export MBWM’s income statement to Excel — free account
Mercantile Bank Corporation
MBWM Financial Banks Regional
Mercantile Bank Corporation’s revenue for fiscal 2025 (year ended December 2025) was $371.8 million, up 2.74% from fiscal 2024.
- Revenue
- +6.81%
- EPS
- −4.79%
- Free cash flow
- +122.4%
- Total debt
- −8.19%
Quarter to September 2026, against a year earlier
61.06
0.80
+1.33%
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| Older periods | Dec '25 | Mar '26 | Jun '26 | Sep '26 | |
|---|---|---|---|---|---|
P/E ratio |
+8 more quarters Free account |
8.81 | 9.07 | 10.11 | 10.40 |
P/S ratio |
2.10 | 2.29 | 2.58 | 2.58 | |
P/FCF ratio |
69.68 | 20.20 | 14.55 | 10.81 | |
P/Operating CF |
138.26 | 30.75 | 64.98 | 21.42 | |
P/B ratio |
1.08 | 1.18 | 1.31 | 1.36 | |
Price to Tangible BV |
1.24 | 1.35 | 1.49 | 1.54 | |
EV/Sales |
2.08 | 1.97 | 2.85 | — | |
EV/EBITDA |
0.00 | 0.00 | 0.00 | — | |
EV/Operating CF |
43.10 | 15.17 | 15.18 | — | |
EV/FCF |
69.11 | 17.34 | 16.10 | — | |
Quick Ratio |
0.08 | 0.10 | 0.06 | 0.11 | |
Current Ratio |
0.93 | 0.93 | 0.93 | 0.93 | |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | |
Debt/Assets |
6.83% | 6.57% | 6.55% | 6.24% | |
Debt/Equity |
0.64 | 0.62 | 0.59 | 0.60 | |
Asset Turnover |
0.06 | 0.06 | 0.06 | 0.06 | |
Operating CF/Net income |
0.25 | 1.25 | 0.59 | 1.96 | |
Capex/Depreciation |
(0.16) | (0.55) | (0.28) | (1.30) | |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | |
Selling, General and Administrative Expense of Revenue |
35.70% | 41.50% | 38.27% | 43.14% | |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | |
Share Based Compensation of Revenue |
0.40% | 1.02% | 1.51% | 0.97% | |
Graham Net Nets |
(1.10) | (0.97) | (0.84) | (0.86) | |
Graham Number |
74.06 | 73.20 | 74.73 | 73.70 | |
Earnings Yield |
11.35% | 11.03% | 9.89% | 9.62% | |
Free Cash Flow Yield |
1.44% | 4.95% | 6.87% | 9.25% | |
Revenue per Share |
5.75 | 5.63 | 5.68 | 5.93 | |
Operating CF per Share |
0.35 | 1.64 | 0.88 | 2.72 | |
Capex per Share |
(0.01) | (0.05) | (0.02) | (0.09) | |
Free Cash Flow per Share |
0.33 | 1.59 | 0.86 | 2.63 | |
Cash per Share |
29.15 | 33.61 | 19.73 | 36.36 | |
Shareholders Equity per Share |
44.64 | 42.75 | 43.70 | 43.03 | |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | |
Book value per Share |
44.64 | 42.75 | 43.70 | 43.03 | |
Free Cash Flow |
5.42 | 27.37 | 14.94 | 45.52 | |
Working Capital |
(389.26) | (390.83) | (385.54) | (424.80) | |
Capital Expenditures |
(0.23) | (0.94) | (0.33) | (1.54) | |
Net Current Asset Value |
(856.15) | (847.08) | (832.05) | (871.57) | |
EV/EBIT |
0.00 | 0.00 | 0.00 | — | |
Capex to Sales |
0.00 | 0.01 | 0.00 | 0.02 | |
Price to Operating Income |
7.35 | 7.95 | 8.65 | 8.68 | |
| Other line items | |||||
Average Payables |
4,991.41 | 5,050.65 | 5,003.43 | 5,212.04 | |
Average Assets |
6,443.69 | 6,543.12 | 6,500.24 | 6,735.68 | |
Average Common Equity |
654.70 | 672.65 | 693.32 | 700.73 |
Columns are period end dates · fundamentals updated 5 Nov 2026