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

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

Fold the line items

Columns are period end dates

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