stockportfolio.pro
Mercantile Bank Corporation (MBWM)
Financial Services · Banks - Regional · NasdaqGS
Mercantile Bank Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $190.32M | $225.69M | $231.47M | $242.65M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $31.91M | $31.27M | $42.02M | $49.46M | $44.14M | $59.02M | $61.06M | $82.22M | $79.59M | $88.75M |
| Net margin | — | — | — | — | — | — | 32.1% | 36.4% | 34.4% | 36.6% |
Source: Mercantile Bank Corporation SEC filings (10-K). 17 years of history available in the interactive view.
What growth is priced into MBWM stock?
At today's market cap of $935.93M, Mercantile Bank Corporation is priced for free-cash-flow growth of about 27.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $11.21M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Mercantile Bank Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track MBWM in your portfolio →
Mercantile Bank Corporation financial history by metric
About Mercantile Bank Corporation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Mercantile Bank Corporation — frequently asked questions
What is Mercantile Bank Corporation's revenue?
Mercantile Bank Corporation (MBWM) reported revenue of $242.65M for fiscal year 2025, up 4.8% from the prior year, according to its SEC filings.
Is Mercantile Bank Corporation profitable?
Yes. MBWM earned net income of $88.75M in fiscal 2025, a net margin of 36.6%.
What is MBWM's P/E ratio?
Mercantile Bank Corporation trades at a price-to-earnings ratio of about 9.7 based on the latest data in our nightly-refreshed cache.
How much debt does Mercantile Bank Corporation have?
As of fiscal year 2025, MBWM carried roughly $496.89M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Mercantile Bank Corporation's market cap?
Mercantile Bank Corporation (MBWM) has a market capitalization of about $935.93M, based on the latest data in our nightly-refreshed cache.
When does Mercantile Bank Corporation's fiscal year end?
MBWM's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into MBWM stock?
At today's market cap of $935.93M, Mercantile Bank Corporation is priced for free-cash-flow growth of about 27.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $11.21M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Mercantile Bank Corporation's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.