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
Piotroski F-Score Full definition →	5	5	4	3	+8 more TTM periods Free account
ROE Full definition →	13.73%	13.66%	13.56%	13.79%
ROA Full definition →	1.46%	1.40%	1.38%	1.40%
ROIC Full definition →	8.33%	11.14%	9.24%	9.72%
Return on Tangible Assets Full definition →	(29.31%)	(27.94%)	(27.16%)	(148.55%)
Average Days of Receivables Full definition →	0.00	0.00	0.00	0.00
Free Cash Flow per Share Full definition →	3.95	2.50	0.69	4.00
Free Cash Flow Full definition →	68.20	43.09	11.21	65.06
Capital Expenditures Full definition →	(4.13)	(6.16)	(6.76)	(7.13)
Other line items
Cash ROIC Full definition →	4.42%	2.43%	0.67%	4.01%
Accounts Receivable Turnover Full definition →	0.00	0.00	0.00	0.00
Accounts Payable Turnover Full definition →	0.02	0.03	0.03	0.03
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	15,609.81	15,589.90	14,934.77	13,301.76
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00
Tax Rate Full definition →	(0.15)	(0.14)	(0.14)	(0.15)
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 →	37.99%	37.79%	36.70%	36.46%
Share Based Compensation of Revenue Full definition →	0.98%	0.96%	0.93%	0.93%
Operating CF/Net income Full definition →	0.76	0.54	0.20	0.84
Depreciation/Fixed assets Full definition →	0.09	0.09	0.09	0.12
Capex/Depreciation Full definition →	(0.74)	(1.05)	(1.17)	(1.05)
Revenue per Share Full definition →	22.26	22.04	22.90	22.84
Operating CF per Share Full definition →	4.19	2.86	1.11	4.44
Capex per Share Full definition →	(0.24)	(0.36)	(0.42)	(0.44)
Capex to Sales Full definition →	0.01	0.02	0.02	0.02

Show all line items

Columns are period end dates

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