Stocktoria
MERCANTILE BANK CORP MBWM
MERCANTILE BANK CORP financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest expense | — | — | $77.8M | $23.6M | $19.4M | $26.1M | $33.8M | $21.9M | $15.8M | $12.6M |
| Income tax | $14.7M | $18.7M | $20.5M | $14.7M | $14.7M | $10.7M | $11.0M | $9.8M | $14.8M | $15.0M |
| Net income | $88.8M | $79.6M | $82.2M | $61.1M | $59.0M | $44.1M | $49.5M | $42.0M | $31.3M | $31.9M |
| EPS (diluted) | $5.47 | $4.93 | $5.13 | $3.85 | $3.69 | $2.71 | $3.01 | $2.53 | $1.90 | $1.96 |
| Operating cash flow | $18.0M | $101.1M | $66.6M | $119.9M | $64.6M | $37.9M | $44.8M | $61.7M | $38.7M | $34.6M |
| Total assets | $6.8B | $6.1B | $5.4B | $4.9B | $5.3B | $4.4B | $3.6B | $3.4B | $3.3B | $3.1B |
| Total liabilities | $6.1B | $5.5B | $4.8B | $4.4B | $4.8B | $4.0B | $3.2B | $3.0B | $2.9B | $2.7B |
| Shareholders' equity | $724.9M | $584.5M | $522.1M | $441.4M | $456.6M | $441.6M | $416.6M | $375.2M | $365.9M | $340.8M |
Growth · year-over-year
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income growth | +11.5% | -3.2% | +34.6% | +3.5% | +33.7% | -10.8% | +17.7% | +34.4% | -2.0% | +18.1% |
| EPS growth | +11.0% | -3.9% | +33.2% | +4.3% | +36.2% | -10.0% | +19.0% | +33.2% | -3.1% | +21.0% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.