Saturday 17 October 2026 Export MBWM’s income statement to Excel — free account

Mercantile Bank Corporation

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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Market cap: $1.0B
P/E: 10.3×
Fwd P/E: 9.6×
Dividend yield: 2.66%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

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

Fold the line items

Columns are period end dates

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