Saturday 17 October 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. In the quarter to June 2026, revenue grew 5.11%, EPS grew 7.91%, free cash flow grew 247.0% and total debt fell 10.0%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for ten.
58.71
0.39
+0.67%
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| Older periods | Sep '25 | Dec '25 | Mar '26 | Jun '26 | |
|---|---|---|---|---|---|
P/E ratio |
+8 more quarters Free account |
8.52 | 8.81 | 9.07 | 10.11 |
P/S ratio |
1.97 | 2.10 | 2.29 | 2.58 | |
P/FCF ratio |
11.24 | 69.68 | 20.20 | 14.55 | |
P/Operating CF |
31.65 | 138.26 | 30.75 | 64.98 | |
P/B ratio |
1.11 | 1.08 | 1.18 | 1.31 | |
Price to Tangible BV |
1.20 | 1.24 | 1.35 | 1.49 | |
EV/Sales |
2.00 | 2.08 | 1.97 | 2.85 | |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | |
EV/Operating CF |
10.26 | 43.10 | 15.17 | 15.18 | |
EV/FCF |
11.39 | 69.11 | 17.34 | 16.10 | |
Quick Ratio |
0.09 | 0.08 | 0.10 | 0.06 | |
Current Ratio |
0.98 | 0.93 | 0.93 | 0.93 | |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | |
Debt/Assets |
7.71% | 6.83% | 6.57% | 6.55% | |
Debt/Equity |
0.74 | 0.64 | 0.62 | 0.59 | |
Asset Turnover |
0.06 | 0.06 | 0.06 | 0.06 | |
Operating CF/Net income |
0.97 | 0.25 | 1.25 | 0.59 | |
Capex/Depreciation |
(1.96) | (0.16) | (0.55) | (0.28) | |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | |
Selling, General and Administrative Expense of Revenue |
35.76% | 36.35% | 41.50% | 38.27% | |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | |
Share Based Compensation of Revenue |
0.52% | 0.88% | 1.02% | 1.51% | |
Graham Net Nets |
(0.82) | (1.10) | (0.97) | (0.84) | |
Graham Number |
69.34 | 74.06 | 73.20 | 74.73 | |
Earnings Yield |
11.73% | 11.35% | 11.03% | 9.89% | |
Free Cash Flow Yield |
8.90% | 1.44% | 4.95% | 6.87% | |
Revenue per Share |
5.91 | 5.75 | 5.63 | 5.68 | |
Operating CF per Share |
1.42 | 0.35 | 1.64 | 0.88 | |
Capex per Share |
(0.16) | (0.01) | (0.05) | (0.02) | |
Free Cash Flow per Share |
1.26 | 0.33 | 1.59 | 0.86 | |
Cash per Share |
29.36 | 29.15 | 33.61 | 19.73 | |
Shareholders Equity per Share |
40.47 | 44.64 | 42.75 | 43.70 | |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | |
Book value per Share |
40.47 | 44.64 | 42.75 | 43.70 | |
Free Cash Flow |
20.47 | 5.42 | 27.37 | 14.94 | |
Working Capital |
(113.74) | (389.26) | (390.83) | (385.54) | |
Capital Expenditures |
(2.64) | (0.23) | (0.94) | (0.33) | |
Net Current Asset Value |
(600.37) | (856.15) | (847.08) | (832.05) | |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | |
Capex to Sales |
0.03 | 0.00 | 0.01 | 0.00 | |
Price to Operating Income |
7.05 | 7.35 | 7.95 | 8.65 | |
| Other line items | |||||
Average Payables |
4,633.86 | 4,991.41 | 5,050.65 | 5,003.43 | |
Average Assets |
6,112.81 | 6,443.69 | 6,543.12 | 6,500.24 | |
Average Common Equity |
620.47 | 654.70 | 672.65 | 693.32 |
Columns are period end dates