Mercantile Financial Statements From 2010 to 2025

MBWM Stock  USD 48.63  0.66  1.34%   
Mercantile Bank financial statements provide useful quarterly and yearly information to potential Mercantile Bank investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Mercantile Bank financial statements helps investors assess Mercantile Bank's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Mercantile Bank's valuation are summarized below:
Gross Profit
224.1 M
Profit Margin
0.3552
Market Capitalization
785.2 M
Enterprise Value Revenue
5.6677
Revenue
224.1 M
There are over one hundred nineteen available fundamental ratios for Mercantile Bank, which can be analyzed over time and compared to other ratios. Self-guided Investors are advised to check Mercantile Bank's last-minute fundamentals against the trend between 2010 and 2025 to make sure the company can sustain itself down the road. As of the 18th of February 2025, Market Cap is likely to grow to about 611.1 M. Also, Enterprise Value is likely to grow to about 1.1 B

Mercantile Bank Total Revenue

263.22 Million

Check Mercantile Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mercantile Bank's main balance sheet or income statement drivers, such as Depreciation And Amortization of 13.9 M, Interest Expense of 73.5 M or Total Revenue of 263.2 M, as well as many indicators such as Price To Sales Ratio of 4.06, Dividend Yield of 0.0232 or PTB Ratio of 1.32. Mercantile financial statements analysis is a perfect complement when working with Mercantile Bank Valuation or Volatility modules.
  
Check out the analysis of Mercantile Bank Correlation against competitors.
To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.

Mercantile Bank Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets6.5 B6.2 B3.5 B
Slightly volatile
Short and Long Term Debt Total732.4 M697.5 M327.2 M
Slightly volatile
Total Current Liabilities2.3 B2.2 B444.2 M
Slightly volatile
Total Stockholder Equity630.5 M600.5 M359 M
Slightly volatile
Cash131.8 M150.1 M196.1 M
Slightly volatile
Cash And Short Term Investments300.1 M150.1 M454.6 M
Slightly volatile
Common Stock Shares Outstanding11.8 M18.4 M13.7 M
Slightly volatile
Liabilities And Stockholders Equity6.5 B6.2 B3.5 B
Slightly volatile
Total Liabilities5.8 B5.6 B3.2 B
Slightly volatile
Total Current Assets142.6 M150.1 M11.3 B
Slightly volatile
Property Plant And Equipment Net37.2 M58.6 M43 M
Slightly volatile
Non Current Assets Total3.9 BB4.3 B
Pretty Stable
Net Receivables4.7 B4.5 BB
Slightly volatile
Common Stock Total Equity221.9 M334 M256.6 M
Slightly volatile
Non Current Liabilities Total3.5 B3.3 B780.3 M
Slightly volatile
Property Plant And Equipment Gross114.4 M108.9 M58.5 M
Slightly volatile
Common Stock252.3 M265.6 M254.5 M
Slightly volatile
Other Liabilities54.9 M52.3 M21.7 M
Slightly volatile
Accounts Payable66.9 M70.4 M55.8 M
Pretty Stable
Long Term Debt732.4 M697.5 M214.8 M
Slightly volatile
Short Term Investments745.1 M709.7 M388.7 M
Slightly volatile
Property Plant Equipment37.9 M59.2 M43.2 M
Slightly volatile
Short Term Debt388.4 M369.9 M169.1 M
Slightly volatile
Net Tangible Assets315.3 M450.1 M296.3 M
Slightly volatile
Warrants910.4 KM1.1 M
Slightly volatile
Long Term Debt Total166.1 M158.2 M74.9 M
Slightly volatile
Long Term Investments674.2 M709.7 M1.6 B
Pretty Stable
Non Current Liabilities Other137.1 M223.5 M132.7 M
Slightly volatile
Other Current Assets128.4 M135.2 M1.3 B
Slightly volatile
Short and Long Term Debt34.2 M36 M146.2 M
Slightly volatile
Earning Assets497.2 M613.1 M469.4 M
Slightly volatile
Net Invested Capital954.1 M1.3 B796.5 M
Slightly volatile
Capital Stock238.2 M265.6 M297.1 M
Slightly volatile

Mercantile Bank Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization13.9 M13.2 M6.3 M
Slightly volatile
Interest Expense73.5 M70 M27.9 M
Slightly volatile
Total Revenue263.2 M250.7 M136.9 M
Slightly volatile
Gross Profit263.2 M250.7 M136.9 M
Slightly volatile
Operating Income124 M118.1 M63.5 M
Slightly volatile
EBIT124 M118.1 M64.5 M
Slightly volatile
EBITDA137.9 M131.3 M70.8 M
Slightly volatile
Selling General Administrative85.8 M81.7 M53.4 M
Slightly volatile
Selling And Marketing ExpensesM1.8 M1.3 M
Slightly volatile
Cost Of Revenue32.1 M20.7 M19.4 M
Slightly volatile
Net Income Applicable To Common Shares73.7 M70.2 M39.7 M
Slightly volatile
Preferred Stock And Other Adjustments949.2 K927 K1.1 M
Slightly volatile
Net Income From Continuing Ops101.4 M96.6 M45.5 M
Slightly volatile
Non Recurring4.4 M4.9 M5.3 M
Slightly volatile
Tax Provision15 M23.4 M13.8 M
Slightly volatile
Net Interest Income142 M224.9 M127.1 M
Slightly volatile
Interest Income169.4 M294.2 M150.7 M
Slightly volatile
Reconciled Depreciation12.2 M13.7 M11 M
Slightly volatile

Mercantile Bank Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation13.9 M13.2 M8.8 M
Slightly volatile
Capital Expenditures4.3 M7.7 M4.3 M
Slightly volatile
Total Cash From Operating Activities80.4 M76.6 M46.5 M
Slightly volatile
Begin Period Cash Flow148.1 M111.3 M208.9 M
Slightly volatile
Stock Based Compensation4.1 M3.9 MM
Slightly volatile
Issuance Of Capital Stock712.4 K801.9 KM
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio4.063.413.888
Slightly volatile
Dividend Yield0.02320.02920.0308
Pretty Stable
PTB Ratio1.321.421.2309
Slightly volatile
Days Sales Outstanding24.4 K23.3 K24 K
Slightly volatile
Book Value Per Share15.3229.3422.4142
Slightly volatile
Operating Cash Flow Per Share1.893.742.8665
Slightly volatile
Stock Based Compensation To Revenue0.00910.0140.0119
Slightly volatile
Capex To Depreciation0.640.670.6945
Pretty Stable
PB Ratio1.321.421.2309
Slightly volatile
EV To Sales5.375.924.768
Pretty Stable
Sales General And Administrative To Revenue0.30.290.3934
Slightly volatile
Capex To Revenue0.03350.03530.0503
Slightly volatile
Cash Per Share44.1142.0135.8134
Slightly volatile
POCF Ratio19.5611.1616.1538
Slightly volatile
Interest Coverage1.691.192.7392
Very volatile
Payout Ratio0.220.230.366
Very volatile
Capex To Operating Cash Flow0.110.120.2564
Slightly volatile
EV To Operating Cash Flow22.2319.3819.2414
Slightly volatile
Intangibles To Total Assets0.01670.01060.0169
Slightly volatile
Current Ratio0.05740.06041.5 K
Slightly volatile
Tangible Book Value Per Share14.2526.5619.9956
Slightly volatile
Receivables Turnover0.01540.01620.3676
Slightly volatile
Graham Number57.9955.2338.0168
Slightly volatile
Shareholders Equity Per Share15.3229.3422.4142
Slightly volatile
Debt To Equity0.631.050.7579
Slightly volatile
Capex Per Share0.430.480.3009
Slightly volatile
Revenue Per Share12.8612.258.7097
Slightly volatile
Interest Debt Per Share40.3838.4621.9178
Slightly volatile
Debt To Assets0.0590.10.0785
Slightly volatile
Enterprise Value Over EBITDA10.4711.319.6178
Pretty Stable
Short Term Coverage Ratios0.320.220.232
Slightly volatile
Operating Cycle24.4 K23.3 K24 K
Slightly volatile
Price Book Value Ratio1.321.421.2309
Slightly volatile
Dividend Payout Ratio0.220.230.366
Very volatile
Price To Operating Cash Flows Ratio19.5611.1616.1538
Slightly volatile
Operating Profit Margin0.960.540.5736
Pretty Stable
Company Equity Multiplier11.7411.799.7134
Slightly volatile
Long Term Debt To Capitalization0.310.450.4036
Slightly volatile
Total Debt To Capitalization0.330.480.4111
Slightly volatile
Return On Capital Employed0.03290.03470.0307
Slightly volatile
Debt Equity Ratio0.631.050.7579
Slightly volatile
Ebit Per Revenue0.960.540.5736
Pretty Stable
Quick Ratio0.05740.06041.5 K
Slightly volatile
Dividend Paid And Capex Coverage Ratio3.392.173.4498
Slightly volatile
Net Income Per E B T0.70.720.9343
Slightly volatile
Cash Ratio0.05740.06048.1286
Pretty Stable
Cash Conversion Cycle24.4 K23.3 K24 K
Slightly volatile
Operating Cash Flow Sales Ratio0.260.280.3252
Pretty Stable
Days Of Sales Outstanding24.4 K23.3 K24 K
Slightly volatile
Cash Flow Coverage Ratios0.230.130.1793
Pretty Stable
Price To Book Ratio1.321.421.2309
Slightly volatile
Fixed Asset Turnover1.993.852.7865
Slightly volatile
Capital Expenditure Coverage Ratio12.428.9720.1413
Slightly volatile
Price Cash Flow Ratio19.5611.1616.1538
Slightly volatile
Enterprise Value Multiple10.4711.319.6178
Pretty Stable
Debt Ratio0.0590.10.0785
Slightly volatile
Cash Flow To Debt Ratio0.230.130.1793
Pretty Stable
Price Sales Ratio4.063.413.888
Slightly volatile
Asset Turnover0.0270.03660.0363
Pretty Stable
Price Fair Value1.321.421.2309
Slightly volatile

Mercantile Bank Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap611.1 M582 M426.7 M
Slightly volatile
Enterprise Value1.1 BB538.3 M
Slightly volatile

Mercantile Fundamental Market Drivers

Forward Price Earnings11.2613
Cash And Short Term Investments130.5 M

Mercantile Upcoming Events

16th of April 2024
Upcoming Quarterly Report
View
16th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
21st of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Mercantile Bank Financial Statements

Mercantile Bank investors utilize fundamental indicators, such as revenue or net income, to predict how Mercantile Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue-177.8 M-186.7 M
Total Revenue250.7 M263.2 M
Cost Of Revenue20.7 M32.1 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.29  0.30 
Capex To Revenue 0.04  0.03 
Revenue Per Share 12.25  12.86 
Ebit Per Revenue 0.54  0.96 

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When determining whether Mercantile Bank is a strong investment it is important to analyze Mercantile Bank's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mercantile Bank's future performance. For an informed investment choice regarding Mercantile Stock, refer to the following important reports:
Check out the analysis of Mercantile Bank Correlation against competitors.
To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.02)
Dividend Share
1.42
Earnings Share
4.93
Revenue Per Share
13.891
Quarterly Revenue Growth
0.034
The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.