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Stocks · Financials · State Commercial Banks

MERCANTILE BANK CORP

MBWM Clue Score59
United States Fiscal year ends December CIK 0001042729
$58.29 +0.88% Close, 12 Oct 2026
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Price $58.29 +73.33% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2016Net income31.9EPS, diluted1.96Fiscal year 2017Net income31.3 −2.0%EPS, diluted1.90 −3.1%Fiscal year 2018Net income42.0 +34.4%EPS, diluted2.53 +33.2%Fiscal year 2019Net income49.5 +17.7%EPS, diluted3.01 +19.0%Fiscal year 2020Net income44.1 −10.8%EPS, diluted2.71 −10.0%Fiscal year 2021Net income59.0 +33.7%EPS, diluted3.69 +36.2%Fiscal year 2022Net income61.1 +3.5%EPS, diluted3.85 +4.3%Fiscal year 2023Net income82.2 +34.6%EPS, diluted5.13 +33.2%Fiscal year 2024Net income79.6 −3.2%EPS, diluted4.93 −3.9%Fiscal year 2025Net income88.8 +11.5%EPS, diluted5.47 +11.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income 31.9 31.3 42.0 49.5 44.1 59.0 61.1 82.2 79.6 88.8
Growth −2.0% +34.4% +17.7% −10.8% +33.7% +3.5% +34.6% −3.2% +11.5%
EPS, diluted 1.96 1.90 2.53 3.01 2.71 3.69 3.85 5.13 4.93 5.47
Growth −3.1% +33.2% +19.0% −10.0% +36.2% +4.3% +33.2% −3.9% +11.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow34.6Buybacks−3.7Dividends paid−18.7Fiscal year 2017Operating cash flow38.7Buybacks0.0Dividends paid−12.0Fiscal year 2018Operating cash flow61.7Buybacks−5.9Dividends paid−27.5Fiscal year 2019Operating cash flow44.8Buybacks−7.2Dividends paid−17.1Fiscal year 2020Operating cash flow37.9Buybacks−6.6Dividends paid−17.9Fiscal year 2021Operating cash flow64.6Buybacks−21.4Dividends paid−18.5Fiscal year 2022Operating cash flow119.9Buybacks0.0Dividends paid−19.6Fiscal year 2023Operating cash flow66.6Buybacks0.0Dividends paid−21.0Fiscal year 2024Operating cash flow101.1Dividends paid−22.5Fiscal year 2025Operating cash flow18.0Dividends paid−24.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 34.6 38.7 61.7 44.8 37.9 64.6 119.9 66.6 101.1 18.0
Buybacks −3.7 0.0 −5.9 −7.2 −6.6 −21.4 0.0 0.0 n/a n/a
Dividends paid −18.7 −12.0 −27.5 −17.1 −17.9 −18.5 −19.6 −21.0 −22.5 −24.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Shareholders’ equity 340.8 365.9 375.2 416.6 441.6 456.6 441.4 522.1 584.5 724.9

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Spending
31.9% 32.1% 18.9% 18.2% 19.5% 19.9% 19.4% 19.9% 19.0% 14.2%
Returns
9.4% 8.5% 11.2% 11.9% 10.0% 12.9% 13.8% 15.7% 13.6% 12.2%
1.0% 1.0% 1.2% 1.4% 1.0% 1.1% 1.3% 1.5% 1.3% 1.3%
Balance and payout
88.9% 88.9% 88.8% 88.5% 90.0% 91.3% 90.9% 90.2% 90.3% 89.4%
58.7% 38.5% 65.4% 34.6% 40.6% 31.4% 32.1% 25.5% 28.2% 27.0%