MBWM

MERCANTILE BANK CORP

State Commercial Banks · SIC 6022CIK 1042729Held by 2 tracked managersEDGAR filings ↗10-K/10-Q ↗

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Revenue FY2025

—

Net Income FY2025

$89.0M

EPS (Basic, as reported)

$5.47

Net Margin FY2025

—

ROE FY2025

12.2%

Total Equity

$725.0M

Shares Out

17M

Business description

MERCANTILE BANK CORP — State Commercial Banks. Figures are as reported in each year's original 10-K via SEC EDGAR XBRL company facts (FY2009–FY2025; structured XBRL data begins around 2008). Market-price metrics are not part of EDGAR data.

Annual (fiscal years, as reported)USD millions

default rows · click any row to chart itNet income: 32 → 89 +12% CAGR

Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025

Interest expense(13)(16)(22)(34)(26)(19)(24)(78)(130)(129)

Pre-tax income4746526055747610398103

Income tax expense(15)(15)(10)(11)(11)(15)(15)(20)(19)(15)

Net income32314249445961828089

EPS — basic$1.96$1.90$2.53$3.01$2.71$3.69$3.85$5.13$4.93$5.47

EPS — diluted$1.96$1.90$2.53$3.01$2.71$3.69$3.85$5.13$4.93$5.47

Shares outstanding — basic (M)16161716161616161616

Shares outstanding — diluted (M)161617161616161616—

Showing the latest 10 of 17 fiscal years.

Source: SEC EDGAR XBRL company facts — figures as reported in each period's original filing (structured data begins ~2008). EPS and other per-share figures are as reported and are not adjusted for later stock splits; a ⚑ marks a period where the reported share count changed by a large factor. Dollar figures in millions unless per-share. Line items a company never reports are omitted. Where a filer switched XBRL concepts, the successor concept is used and definitions can differ slightly (e.g. cash may include restricted cash; banks' revenue is net of interest expense; cost of revenue may exclude D&A; net income may be the amount available to common stockholders; debt issued/repaid may be net of issuance costs or include finance-lease obligations — each only where the original concept stopped being reported). Click a period header to open that period's source filing on EDGAR.