MERCANTILE BANK CORP MBWM
Nasdaq · XNAS · stock · State Commercial Banks
Chart by TradingView
2/9
Piotroski F — financial health
—
Altman Z″ — distress risk
27.0%
Dividend payout · safe
Financials (annual, from 10-K)
| FY | Revenue | Net income | Gross profit | Free cash flow | Equity |
|---|---|---|---|---|---|
| 2025 | — | $88.8M | — | — | $724.9M |
| 2024 | — | $79.6M | — | — | $584.5M |
| 2023 | — | $82.2M | — | — | $522.1M |
| 2022 | — | $61.1M | — | — | $441.4M |
| 2021 | — | $59.0M | — | — | $456.6M |
| 2020 | — | $44.1M | — | — | $441.6M |
Recent insider activity (Form 4)
| Insider | Role | Date | Action | Shares | Price |
|---|---|---|---|---|---|
| Schweihofer Steven | director | 2026-05-22 | Grant | 715 | — |
| Davenport Michael S. | director | 2026-05-22 | Grant | 753 | — |
| Eldridge Michelle Larabee | director | 2026-05-22 | Grant | 830 | — |
| Schmidt Sara A | director | 2026-05-22 | Grant | 715 | — |
| PRICE MICHAEL H | director | 2026-05-22 | Grant | 1,096 | — |
| Jones Joseph D | director | 2026-05-22 | Grant | 715 | — |
| Sanchez Nelson F | director | 2026-05-22 | Grant | 715 | — |
| RAMAKER DAVID B | director | 2026-05-22 | Grant | 801 | — |
Why these scores methodology →
Piotroski F-score: 2/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: n/a
Not applicable (financials/insurer or missing inputs).
Source: SEC EDGAR filings · CIK 0001042729 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.