MBWMNasdaqState Commercial BanksFiscal year ends December 31

MERCANTILE BANK CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026

$58.42−0.19 (-0.32%)

Close on Oct 19, 2026

Market cap: $1.01B
P/E (TTM): 10.3
Dividend yield: 2.57%

MERCANTILE BANK CORP income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	243	231	226	190	180	167	151	139	129	127	117	88	54	55	59	66	59
Advertising Expenses	1.66	1.60	1.57	1.45	1.18	1.29	1.45	1.65	1.61	1.59	1.36	1.32	1.11	1.17	0.75	0.91	0.65
Interest Expense	–	–	78	24	19	26	34	22	16	13	11	11	11	13	20	32	54
Merger & Restructuring Charges	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	1.31
Asset Impairment Charges	–	–	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	-0.02	-0.01	-0.47	0.04	-0.25	-1.51	-0.29	-0.13	-0.07	-0.17	-0.06	-0.03	0	0	0	0.00	-0.23
Pretax Income	103	98	103	76	74	55	60	52	46	47	39	25	25	18	10	-13	-47
Income Tax Expense	15	19	20	15	15	11	11	9.80	15	15	12	7.87	8.09	5.64	-27	-0.05	–
Net Income	89	80	82	61	59	44	49	42	31	32	27	17	17	13	37	-13	-52
Net Income to Common	–	–	–	–	–	–	–	–	–	32	27	17	17	12	36	-15	-53
EPS (Basic)(per share)	5.47	4.93	5.13	3.85	3.69	2.71	3.01	2.53	1.90	1.96	1.63	1.28	1.96	1.33	4.20	-1.72	-6.23
EPS (Diluted)(per share)	5.47	4.93	5.13	3.85	3.69	2.71	3.01	2.53	1.90	1.96	1.62	1.28	1.95	1.30	4.07	-1.72	-6.23
Shares Outstanding (Basic, Weighted)(shares)	16	16	16	16	16	16	16	17	16	16	17	14	8.71	8.63	8.60	8.51	–
Shares Outstanding (Diluted, Weighted)(shares)	16	16	16	16	16	16	16	17	16	16	17	14	8.72	8.85	8.88	8.51	–
Dividend per Share(per share)	1.50	1.40	1.34	1.26	1.18	1.12	1.06	–	–	–	–	–	0.45	0.09	–	0.01	0.07
Total Interest Income	330	322	271	182	143	148	158	142	126	118	112	89	58	60	71	88	105
Net Interest Income	201	191	194	158	124	122	125	120	110	106	101	78	47	47	51	56	51
Non-Interest Income	42	40	32	32	56	45	27	19	19	21	16	10	6.87	7.99	7.28	9.24	7.56
Provision for Credit Losses	3.20	7.40	7.70	6.55	-4.30	14	1.75	1.10	2.95	2.90	-1.00	-3.00	-7.20	-3.10	6.90	32	59
Non-Interest Expense	136	126	115	108	111	99	89	86	80	77	79	66	36	40	41	47	46

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: –
Net margin: 36.5%
Return on equity, FY2025: 13.6%

Financial strength

Current ratio: –
Debt to equity: –
Debt to assets: –
Cash to current liabilities: –

Valuation

P/E ratio: 10.3
Price to sales: 3.87
Price to book: 1.34
Dividend yield: 2.57%