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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
60.75
0.49
+0.81%
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| Older periods | Dec '25 | Mar '26 | Jun '26 | Sep '26 | |
|---|---|---|---|---|---|
Piotroski F-Score |
+8 more TTM periods Free account |
4 | 5 | 5 | 6 |
| 13.56% | 13.66% | 13.73% | 13.63% | ||
| 1.38% | 1.40% | 1.46% | 1.42% | ||
ROIC |
9.24% | 11.14% | 8.33% | 12.92% | |
Return on Tangible Assets |
(27.16%) | (27.94%) | (29.31%) | (26.24%) | |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | |
Free Cash Flow per Share |
0.69 | 2.50 | 3.95 | 5.39 | |
Free Cash Flow |
11.21 | 43.09 | 68.20 | 93.25 | |
Capital Expenditures |
(6.76) | (6.16) | (4.13) | (3.04) | |
| Other line items | |||||
Cash ROIC |
0.67% | 2.43% | 4.42% | 5.13% | |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | |
Accounts Payable Turnover |
0.03 | 0.03 | 0.02 | 0.02 | |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | |
Average Days of Payables |
14,934.77 | 15,589.90 | 15,609.81 | 17,131.78 | |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | |
Tax Rate |
(0.14) | (0.14) | (0.15) | (0.16) | |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | |
Selling, General and Administrative Expense of Revenue |
36.70% | 37.79% | 37.99% | 39.74% | |
Share Based Compensation of Revenue |
0.93% | 0.96% | 0.98% | 0.98% | |
Operating CF/Net income |
0.20 | 0.54 | 0.76 | 1.01 | |
Depreciation/Fixed assets |
0.09 | 0.09 | 0.09 | 0.09 | |
Capex/Depreciation |
(1.17) | (1.05) | (0.74) | (0.56) | |
Revenue per Share |
22.90 | 22.04 | 22.26 | 22.63 | |
Operating CF per Share |
1.11 | 2.86 | 4.19 | 5.57 | |
Capex per Share |
(0.42) | (0.36) | (0.24) | (0.18) | |
Capex to Sales |
0.02 | 0.02 | 0.01 | 0.01 |
Columns are period end dates · fundamentals updated 5 Nov 2026