Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
50.76
-1.21 (-2.33%)
Apr 29, 2026, 2:26 PM EDT - Market open
Mercantile Bank Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Cash & Equivalents | 579.3 | 473.32 | 393.01 | 130.53 | 96.77 | 975.16 | Upgrade
|
| Investment Securities | 1,125 | 1,078 | 743.88 | 587.62 | 570.98 | 550.94 | Upgrade
|
| Trading Asset Securities | - | 23.21 | 26.79 | 27.51 | 26.17 | 4.61 | Upgrade
|
| Mortgage-Backed Securities | - | 75.76 | 25.37 | 29.47 | 31.95 | 41.8 | Upgrade
|
| Total Investments | 1,125 | 1,177 | 796.05 | 644.6 | 629.11 | 597.35 | Upgrade
|
| Gross Loans | 4,817 | 4,822 | 4,601 | 4,304 | 3,917 | 3,456 | Upgrade
|
| Allowance for Loan Losses | -56.74 | -58.19 | -54.45 | -49.91 | -42.25 | -35.36 | Upgrade
|
| Other Adjustments to Gross Loans | - | - | - | - | - | -2.5 | Upgrade
|
| Net Loans | 4,760 | 4,764 | 4,546 | 4,254 | 3,874 | 3,418 | Upgrade
|
| Property, Plant & Equipment | 61.86 | 62.47 | 53.43 | 50.93 | 51.48 | 57.3 | Upgrade
|
| Goodwill | 73.69 | 72.66 | 49.47 | 49.47 | 49.47 | 49.47 | Upgrade
|
| Other Intangible Assets | 18.17 | 20.39 | - | - | - | 1.35 | Upgrade
|
| Loans Held for Sale | 21.75 | 17.16 | 15.82 | 18.61 | 3.57 | 16.12 | Upgrade
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| Accrued Interest Receivable | - | 23.64 | 21.4 | 19.81 | 15.48 | 9.31 | Upgrade
|
| Other Real Estate Owned & Foreclosed | - | - | - | 0.2 | - | - | Upgrade
|
| Other Long-Term Assets | 304.87 | 224.95 | 176.65 | 163.72 | 134.65 | 115.59 | Upgrade
|
| Total Assets | 6,945 | 6,835 | 6,052 | 5,353 | 4,873 | 5,258 | Upgrade
|
| Interest Bearing Deposits | 4,088 | 3,814 | 3,284 | 2,032 | 1,846 | 2,106 | Upgrade
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| Institutional Deposits | - | 130.51 | 149.7 | 621.75 | 261.61 | 299.12 | Upgrade
|
| Non-Interest Bearing Deposits | 1,332 | 1,340 | 1,265 | 1,248 | 1,605 | 1,678 | Upgrade
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| Total Deposits | 5,420 | 5,284 | 4,698 | 3,901 | 3,713 | 4,083 | Upgrade
|
| Short-Term Borrowings | 219.51 | 232.29 | 121.52 | 229.73 | 194.34 | 197.46 | Upgrade
|
| Current Portion of Long-Term Debt | - | 104.43 | 27.05 | 27.96 | 26.38 | 4.86 | Upgrade
|
| Current Portion of Leases | - | 1.19 | - | - | - | - | Upgrade
|
| Accrued Interest Payable | 85.31 | 9.92 | 10.2 | 9.01 | 3.22 | 1.39 | Upgrade
|
| Other Current Liabilities | - | 0.18 | 0.18 | 0.1 | 0.11 | 0.21 | Upgrade
|
| Long-Term Debt | 117.24 | 119.66 | 89.31 | 88.97 | 88.63 | 73.65 | Upgrade
|
| Federal Home Loan Bank Debt, Long-Term | 315.32 | 245.32 | 387.08 | 467.91 | 308.26 | 374 | Upgrade
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| Long-Term Leases | - | 2.7 | 4.4 | 3.7 | 3.5 | 2.8 | Upgrade
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| Trust Preferred Securities | 51.19 | 51.02 | 50.33 | 49.64 | 48.96 | 48.24 | Upgrade
|
| Other Long-Term Liabilities | - | 59.17 | 79.2 | 53.13 | 45 | 15.38 | Upgrade
|
| Total Liabilities | 6,208 | 6,110 | 5,468 | 4,831 | 4,431 | 4,801 | Upgrade
|
| Common Stock | 350.65 | 349.43 | 299.71 | 295.11 | 290.44 | 285.75 | Upgrade
|
| Retained Earnings | 415.5 | 399.45 | 334.65 | 277.53 | 216.31 | 174.54 | Upgrade
|
| Comprehensive Income & Other | -29.2 | -24 | -49.83 | -50.49 | -65.34 | -3.73 | Upgrade
|
| Shareholders' Equity | 736.95 | 724.88 | 584.53 | 522.15 | 441.41 | 456.56 | Upgrade
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| Total Liabilities & Equity | 6,945 | 6,835 | 6,052 | 5,353 | 4,873 | 5,258 | Upgrade
|
| Total Debt | 703.26 | 756.61 | 679.7 | 867.92 | 670.07 | 701.01 | Upgrade
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| Net Cash (Debt) | -123.96 | -260.07 | -259.9 | -709.89 | -547.12 | 278.76 | Upgrade
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| Net Cash Growth | - | - | - | - | - | 322.02% | Upgrade
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| Net Cash Per Share | -7.51 | -16.02 | -16.11 | -44.32 | -34.50 | 17.44 | Upgrade
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| Filing Date Shares Outstanding | 17.27 | 17.27 | 16.23 | 16.12 | 16 | 15.84 | Upgrade
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| Total Common Shares Outstanding | 17.27 | 17.18 | 16.15 | 16.13 | 15.99 | 15.84 | Upgrade
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| Book Value Per Share | 42.66 | 42.19 | 36.20 | 32.38 | 27.60 | 28.82 | Upgrade
|
| Tangible Book Value | 645.09 | 631.84 | 535.05 | 472.67 | 391.94 | 405.74 | Upgrade
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| Tangible Book Value Per Share | 37.34 | 36.78 | 33.14 | 29.31 | 24.50 | 25.61 | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.