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