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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
60.65
0.39
+0.65%
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| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Older periods | |
|---|---|---|---|---|---|
Piotroski F-Score |
6 | 5 | 5 | 4 |
+8 more TTM periods Free account |
| 13.63% | 13.73% | 13.66% | 13.56% | ||
| 1.42% | 1.46% | 1.40% | 1.38% | ||
ROIC |
12.92% | 8.33% | 11.14% | 9.24% | |
Return on Tangible Assets |
(26.24%) | (29.31%) | (27.94%) | (27.16%) | |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | |
Free Cash Flow per Share |
5.39 | 3.95 | 2.50 | 0.69 | |
Free Cash Flow |
93.25 | 68.20 | 43.09 | 11.21 | |
Capital Expenditures |
(3.04) | (4.13) | (6.16) | (6.76) | |
| Other line items | |||||
Cash ROIC |
5.13% | 4.42% | 2.43% | 0.67% | |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | |
Accounts Payable Turnover |
0.02 | 0.02 | 0.03 | 0.03 | |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | |
Average Days of Payables |
17,131.78 | 15,609.81 | 15,589.90 | 14,934.77 | |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | |
Tax Rate |
(0.16) | (0.15) | (0.14) | (0.14) | |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | |
Selling, General and Administrative Expense of Revenue |
39.74% | 37.99% | 37.79% | 36.70% | |
Share Based Compensation of Revenue |
0.98% | 0.98% | 0.96% | 0.93% | |
Operating CF/Net income |
1.01 | 0.76 | 0.54 | 0.20 | |
Depreciation/Fixed assets |
0.09 | 0.09 | 0.09 | 0.09 | |
Capex/Depreciation |
(0.56) | (0.74) | (1.05) | (1.17) | |
Revenue per Share |
22.63 | 22.26 | 22.04 | 22.90 | |
Operating CF per Share |
5.57 | 4.19 | 2.86 | 1.11 | |
Capex per Share |
(0.18) | (0.24) | (0.36) | (0.42) | |
Capex to Sales |
0.01 | 0.01 | 0.02 | 0.02 |
Columns are period end dates · fundamentals updated 5 Nov 2026