Mercantile Bank Corporation

NASDAQ:MBWM

44.38 (USD) • At close January 15, 2025
Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

2024 Q32024 Q22024 Q12023 Q42023 Q32023 Q22023 Q12022 Q42022 Q32022 Q22022 Q12021 Q42021 Q32021 Q22021 Q12020 Q42020 Q32020 Q22020 Q12019 Q42019 Q32019 Q22019 Q12018 Q42018 Q32018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q12014 Q42014 Q32014 Q22014 Q12013 Q42013 Q32013 Q22013 Q12012 Q42012 Q32012 Q22012 Q12011 Q42011 Q32011 Q22011 Q12010 Q42010 Q32010 Q22010 Q12009 Q42009 Q32009 Q22009 Q12008 Q42008 Q32008 Q22008 Q12007 Q42007 Q32007 Q22007 Q12006 Q42006 Q32006 Q22006 Q12005 Q42005 Q32005 Q22005 Q12004 Q42004 Q32004 Q22004 Q12003 Q42003 Q32003 Q22003 Q12002 Q42002 Q32002 Q22002 Q12001 Q42001 Q32001 Q22001 Q12000 Q42000 Q32000 Q22000 Q11999 Q41999 Q31999 Q21999 Q11998 Q41998 Q31998 Q21998 Q1
Assets:
Current Assets:
Cash & Cash Equivalents 328.546197.629237.231130.533265.987207.79657.93896.772284.014479.105770.204975.16825.361759.531652.344626.006554.591471.227236.719233.731228.538150.425214.89475.35480.017125.74211.157200.101177.051101.60952.976183.596141.73106.983101.18189.29293.695128.585138.425161.531122.15106.8832.11823.53839.63522.89725.18331.12425.98328.9923.98622.04328.5223.48911.2776.67415.85479.88312.60618.89614.44515.60117.15516.75425.69437.63231.90329.13829.29848.1952.09851.09839.147.14238.24736.20838.89435.46239.25520.66235.30435.00529.94816.30932.634.20228.09123.40429.42916.35715.30514.46718.20614.7212.7711.69316.9479.0218.60713.7107.37.20000
Short Term Investments 703.375647.907609.153617.092592.305608.972619.973602.936582.999603.638605.661592.743559.564506.125434.257387.347312.424307.661312.147334.655345.533347.924337.876337.366326.531331.142336.988335.744330.09322.258332.441328.06325.443323.452343.805346.992367.173373.446413.693432.912454.009475.275141.097131.178123.793130.134140.013138.314135,660127,591149,981172.992173,134199,7859.5439.69.4749.479.4751.4711.8042,56030,0320.392871375370.51534251268000000000000000000000000000000000000
Cash and Short Term Investments 791.141709.77237.231687,500656.856678,105667.124699.708867.0131,082.7431,375.8651,567.9031,384.9251,265.6561,086.6011,013.353867.015778.888548.866568.386574.071498.349552.77412.72406.548456.882548.145535.845507.141423.867385.417511.656467.173430.435444.986436.284460.868502.031552.118594.443576.159582.155173.215154.716163.428153.031165.196169.43825.98328.9923.98622.04328.5223.48920.8216.27425.32825.99122.08120.36716.24915.60117.15516.75425.69437.63231.90329.13829.29848.1952.09851.09839.147.14238.24736.20838.89435.46239.25520.66235.30435.00529.94816.30932.634.20228.09123.40429.42916.35715.30514.46718.20614.7212.7711.69316.9479.0218.60713.7107.37.20000
Net Receivables 000000000000000000000000000000000000000037.8767.7113,86103,7773,6603,8993,8743,9393,8954,42704,8875,0105,8855,9426,1436,2787,05708,0697,7338,59709,0448,3179,132011,1439,97110,997010.4389.0479.3748.2748.0396.556.8835.6445.6384.2574.8244.0984.1423.4613.863.3363.4442.9653.1712.8113.0662.7442.9292.7582.5392.1832.2351.81.61.41.30000
Inventory 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
Other Current Assets 00000000000000000000000000000000000000001,679.2021,697.0550000000000000000000000000000000000000000000000000000000000000214.2177138.191.7
Total Current Assets 791.141218.604259.112150.233656.856678,105667.124699.708867.013692.8051,375.8651,567.903643,3684,141.7394,169.1183,939.1293,995.5133,895.0183,233.1813,187.623,256.5523,122.2853,109.2122,923.1862,869.962,854.292,854.0952,847.8532,821.332,716.8942,581.8362,649.6252,633.2442,570.2252,474.8992,447.5982,403.8762,391.0622,350.8222,346.5582,293.2372,286.921170,78117.42160,777150,583158,294162,490154,910149,891168,05015.08196,911218,78326,70522,21631,47132,26929,13823.07124,31825,89455,78421.39634,82546,08641,57233.60940,44158,41263,36338.29849.53856.18947.62144.48246.93342.01246.13826.30640.94239.26234.77220.40736.74237.66331.95126.7432.87319.32218.47617.27821.27217.46315.69914.45119.48611.20410.84315.511.68.78.5214.2177138.191.7
Non-Current Assets:
Property, Plant & Equipment, Net 54.2350.15850.83550.92852.23152.29151.5151.47652.11751.40256.07857.29857.46558.2555.38858.95960.44659.15559.14357.32754.58551.82350.10948.32148.10447.10246.346.03445.60645.99945.84845.45645.21245.55845.96346.86247.50947.90248.36748.81248.5749.00324.86724.89825.15925.38225.66525.91926.126.16426.46726.80226.86527.14427.51827.87328.25128.63629.14129.68430.24730.85431.69732.33432.95833.55734.17834.35134.49234.79734.29433.53932.30930.82429.88530.20630.79129.11826.57624.57221.31918.46816.5815.30515.22914.17112.45912.17411.32810.9339.9679.5578.416.2484.7584.1194.0333.3893.433.53.53.22.21.91.41.41.3
Goodwill 49.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47349.47350.8750.8700000000000000000000000000000000000000000000000000000000000000000
Intangible Assets 00049,423.5270.2120.2910.4240.5830.7410.91.1121.3511.5891.8272.1182.4362.7543.0723.4433.844.2374.6345.0845.5616.0386.5147.0447.68.1568.7129.3219.95710.59211.22811.91612.63113.34614.06114.82915.62416.41817.21300000000000000000000000000000000000000000000000000000000000000.10.10.10.1
Goodwill and Intangible Assets 49.47349.47349.47349.47349.68549.76449.89750.05650.21450.37350.58550.82451.06251.351.59151.90952.22752.54552.91653.31353.7154.10754.55755.03455.51155.98756.51757.07357.62958.18558.79459.4360.06560.70161.38962.10462.81963.53464.30265.09767.28868.08300000000000000000000000000000000000000000000000000000000000000.10.10.10.1
Long Term Investments 703.375209.569250.192100.245592.305608.972619.973602.936582.999603.638605.661592.743559.564506.125434.257387.347312.424307.661312.147334.655345.533347.924337.876337.366326.531331.142336.988335.744330.09322.258332.441328.06325.443323.452343.805346.992367.173373.446413.693432.912454.009475.275141.097131.178123.793130.134140.013138.314135.66127.591149.981172.992173.134199.785216.864230.43223.817217.117222.424243.174224.611220.93226.935227.206208.108192.937199.833202.295200.106197.162197.986195.192188.019181.053180.671174.272170.629167.344160.698146.316138.62119.184112.222116.788104.253101.704100.63396.3287.25283.73776.29978.98970.66766.98261.80759.78152.61549.34446.64341.235.729.427.80000
Tax Assets 04,894.9784,694.89626.81900028.9310-127.573-119.55911.64-114.297-110.93-3,951.031-3,700.47-3,753.339-3,731.452-3,308.609-3,299.244-3,373.547-3,319.784-3,229.213-3,194.298-3,116.474-3,059.692-2,979.926-2,717.453-2,974.369-2,937.543-2,861.301-2,803.289-2,816.957-2,786.694-2,717.523-2,713.799-2,667.2-2,626.077-2,615.725-2,615.132-2,614.9949,23815,768019,77119,71120,48222,01522,80125,28525,10500000000000000000000000000000000000000000000000000000000
Other Non-Current Assets 0179.606161.4454,982.358-592.305101,343.973-619.973-28.931-685.33127.573119.559-11.64114.297110.933,951.0313,700.473,753.3393,731.4523,308.6093,299.2443,373.5473,319.7843,229.2133,194.2983,116.4743,059.6922,979.9262,717.4532,974.3692,937.5432,861.3012,803.2892,816.9572,786.6942,717.5232,713.7992,667.22,626.0772,615.7252,615.1322,614.994-9,23824,701.0361,112.22925,010.04825,226.48425,499.32225,754.76725,938.2426,010.24526,290.5521,228.61126,665.00126,917.07127,273.61827,614.69727,998.93228,390.24728,889.4351,707.0529,992.14230,602.21631,438.3681,778.0232,716.93433,330.50633,943.9891,709.3734,257.40234,565.04134,061.721,593.651-220.328-211.877-210.556-204.478-201.42-196.462-187.274-170.888-159.939-137.652-128.802-132.093-119.482-115.875-113.092-108.494-98.58-94.67-86.266-88.546-79.077-73.23-66.565-63.9-56.648-52.733-50.073-44.7-39.2-32.6-300000
Total Non-Current Assets 807.0785,383.7845,206.8415,209.823101.916102,055101.407704.468685.33705.413712.324700.865668.091615.675541.236498.215425.097419.361424.206445.295453.828453.854442.542440.721430.146434.231439.805438.851433.325426.442437.083432.946430.72429.711451.157455.958477.501484.882526.362546.821569.867592.36140,6351,268.30544,93045,09346,14747,93448,90151,44951,5721,428.40526,86527,14427,51827,87328,25128,63629,1411,979.90830,24730,85431,6972,037.5632,95833,55734,1781,946.01634,49234,79734,2941,822.382220.328211.877210.556204.478201.42196.462187.274170.888159.939137.652128.802132.093119.482115.875113.092108.49498.5894.6786.26688.54679.07773.2366.56563.956.64852.73350.07344.739.232.63021.51.51.4
Total Assets 5,917.1275,602.3885,465.9535,360.0565,251.0125,137.5874,895.8744,872.6195,016.9345,058.5555,175.8995,257.7494,964.4124,757.4144,710.3544,437.3444,420.614,314.3793,657.3873,632.9153,710.383,576.1393,551.7543,363.9073,300.1063,288.5213,293.93,286.7043,254.6553,143.3363,018.9193,082.5713,063.9642,999.9362,926.0562,903.5562,881.3772,875.9442,877.1842,893.3792,863.1042,879.2821,413.5151,426.9661,422.0031,343.751,385.3551,422.9261,388.3641,385.2451,401.5961,433.2291,477.9851,537.8741,576.9351,632.4211,813.3831,804.0621,902.9231,906.2082,017.352,071.3722,239.7642,208.012,207.3592,163.3542,115.9482,121.4032,106.4272,103.522,089.5772,067.2682,026.8341,969.4291,896.9741,838.211,796.771,709.1531,664.8761,536.1191,474.9491,378.6261,293.9311,202.8321,153.8831,034.774967.787921.855870.382781.977728.056698.682646.633617.888560.402512.746476.039440.317409.739368331291.9261.7216.2178.5139.693.1
Liabilities & Equity:
Current Liabilities:
Account Payables 0000106.71676.62870.0778.21180.39153.03539.824.64425.21922.61423.82624.30918.26718.12919.26122.41421.38916.60415.44725.23213.42413.3614.92514.20415.43914.0216.16815.2315.54816.45717.74516.44517.29613.2851412.26316.210.2526.427.4356.996.1796.1398.3770004.162000000000000020.40220.84323.799000000000000000000000000000000000000.50.50.30.3
Short Term Debt 000321.6880000000000000000000000000000000000000000000000080.137000000098.51300097.31300093.30700000130130130135135012001201009070450.839150.5161.3000000029.07827.1710017.917015.410.65.1
Tax Payables 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
Deferred Revenue 0000-148.546-234.259-266.32-197.573-199.567-245.257-248.824-266.819-234.631-207.123000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
Other Current Liabilities 000-321.68841.83157.631196.25119.362119.176192.222209.024242.175209.412184.509-23.826-24.309-18.267-18.129-19.261-22.414-21.389-16.604-15.447-25.232-13.424-13.36-14.925-14.204-15.439-14.02-16.168-15.23-15.548-16.457-17.745-16.445-17.296-13.285-14-12.263-16.2-10.252-6.42-7.435-6.99-6.179-6.139-8.377000-84.2990000000-98.513000-97.3130-20.402-20.843-117.10600000-130-130-130-135-1350-1200-120-100-90-70-45-0.839-15-0.516-1.30000000-29.078-27.17100-17.9-17189000
Total Current Liabilities 04,364.4814,191.7761,945.441106.71676.62870.0778.21180.39153.03539.824.64425.21922.61423.82624.30918.26718.12919.26122.41421.38916.60415.44725.23213.42413.3614.92514.204107.35514.0216.16815.2315.54816.45717.74516.44517.29613.2851412.26316.210.2526.4265.9396.996.1794.6146.93300080.137000000098.51300097.313020.40220.84393.30700075.8850130130130135135012001201004570450.83915776.3690.5638.9611563561.3504.5464.8429.8395.1365.4324.1287.4264.917189.515.910.95.4
Non-Current Liabilities:
Long Term Debt 560.833475.351505.093518.263596.268606.011515.754445.849475.592499.305519.106495.89442.074441.904441.733441.563441.392441.222441.051400.881410.71420.54430.369396.199286.029275.858265.688265.517265.347290.176250.006219.835222.665222.494142.324123.154122.983102.813102.653108.494111.334125.52377.9977.9977.9967.9969.51567.9969.42369.41379.40479.42479.70479.711109.723109.794204.821209.826239.819254.88274.857284.84309.815322.518337.38347.23537.076217.003171.829171.643126.47131.306151.13735.94735.781165.33735.20135.059159.90634.599138.00317.90917.85617.6091.0120.922310.576161637.2731616.20516.11216.09516.05716.0480.0340.0141616000000
Deferred Revenue Non-Current 0002,279.73000-7.031000-29.23100000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
Deferred Tax Liabilities Non-Current 0006.8320007.0310007.38700000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
Other Non-Current Liabilities 1,079.224,575.8864,424.216-518.2634,171.5334,052.8743,912.7483,985.3624,125.0814,130.2674,220.32204,070.063,863.6223,827.3783,554.2273,547.3183,447.9362,797.9472,815.4732,892.472,755.4822,737.6562,592.4592,634.6122,637.7442,659.8722,655.3172,626.7622,495.6612,420.8632,521.9252,491.828-222.494-142.324-123.154-122.983-102.813-102.653-108.494-111.334-125.523-77.99-77.99-77.99-67.99-69.515-67.99-69.423-69.413-79.404-79.424-79.704-79.711-109.723-109.794-204.821-209.826-239.819-254.88-274.857-284.84-309.815-322.518-337.383-47.235-37.076-217.003-171.829-171.643-126.47-131.306-151.137-35.947-35.781-165.337-35.201-35.059-159.906-34.599-138.003-17.909-17.856-17.609-1.012-0.922-31-0.576-16-16-37.273-16-0.005-0.012-16.095-16.057-16.048-0.034-0.014-16-16000000
Total Non-Current Liabilities 1,640.053686.756737.5332,892.47596.268606.01170.0778.21180.391499.305519.106495.89442.074441.904441.733441.563441.392441.222441.051400.881410.71420.54430.369396.199286.029275.858265.688265.517265.347290.176250.006219.835222.665222.494142.324123.154122.983102.813102.653108.494111.334125.52377.9977.9977.9967.9967.9969.43469.42369.41379.40479.42479.70479.711109.723109.794204.821209.826239.819254.88274.857284.84309.815322.518337.38347.23537.07637.003171.829171.643126.47131.306151.13735.94735.78135.33735.20135.059159.90634.599138.00317.90917.85662.1141.0120.922310.57616.516.516.416.216.216.116.116.11616161616000000
Total Liabilities 5,333.8165,051.2374,929.3094,837.9114,767.8014,658.8854,428.5024,431.2114,600.6734,629.5724,739.4284,801.194,512.1344,305.5264,269.1113,995.793,988.713,889.1583,238.9983,216.3543,303.183,176.0223,168.0252,988.6582,920.6412,913.6022,925.562,920.8342,892.1092,785.8372,670.8692,741.762,714.4932,655.3592,587.5032,569.7522,552.5572,546.9732,544.3962,565.2412,542.1112,563.1441,255.8261,273.6411,272.1691,192.8121,235.6631,276.3361,243.8061,235.5831,234.5121,268.231,341.2521,406.9571,450.1211,506.4851,678.6491,665.0191,764.7031,766.1041,840.0591,889.682,070.4192,033.6382,036.0111,995.6411,941.6531,943.2481,928.7031,928.9891,914.11,895.3531,859.2861,807.7691,738.0641,683.0851,644.451,559.9531,520.3751,394.5021,337.0141,244.3541,160.861,072.6311,031.726951.317886.257842.021792.802706.953655.285627.219579.224577.44520.572480.892445.772395.078365.353340303.5264.9234.7189.5151.9127.680.7
Equity:
Preferred Stock 0000000000000000000000000000000000000000000000000020.39620.33120.26620.20220.13820.07720.01619.95519.89619.83919.78219.725000000000000000000000000000000000000000.5000000
Common Stock 298.704297.591296.065295.106293.961292.906291.516290.436289.219288.199286.831285.752285.033293.232299.358302.029301.896300.897299.584305.035304.065306.669305.346308.005312.544311.72310.601309.772309.033308.343307.371305.488304.027303.336302.36304.819304.378310.136316.537317.904317.374318.452162.076162.999163.629164.548165.353166.074166.728172.888172.872172.841173,972172.801173,870173,815173,906173,769173,6310173,500173,415172,1940172,480172,640173,1340176,610176,461176,332000160.648148.533148.472148.373131.113131.01130.935130.902130.795118.56113.11875.59575.5675.5369.37569.37569.39769.40661.80736.68436.77529.93528.18228.18228.18228.228.20028.228.213.913.9
Retained Earnings 320.722306.804293.554277.526262.838247.313232.123216.313199.505188.452181.532174.536167.541157.15143.642134.039124.451118.239114.012107.83198.87690.61883.10775.48380.27574.08468.28360.13255.25850.01245.59640.90443.65538.55333.69727.72223.67318.76614.48710.2185.9480.673-0.521-4.101-9.264-12.718-16.734-21.134-24.183-26.799-30.087-32.639-62.63-65.312-67.693-68.781-63.5-57.818-57.134-54.17-17.764-12.158-5.77-1.281-1.593-2.672-0.064.9482.221.038011.7948.234.07084.2870.82114.11610.4756.6354.1661.66611.4218.9517.1575.053.257.1254.9693.2531.6494.6583.322.5441.6282.5031.7241.0880.6-0.1-0.7-1.2-1.5-1.7-1.8-1.5
Accumulated Other Comprehensive Income/Loss -36.115-53.244-52.975-50.487-73.588-61.517-56.267-65.341-72.463-47.668-31.892-3.729-0.2961.506-1.7575.4865.5536.0854.7933.6954.2592.83-4.724-8.239-13.354-10.885-10.544-4.034-1.745-0.856-4.917-5.5811.7892.6882.4961.2630.7690.0691.7640.016-2.329-2.987-3.866-5.573-4.531-0.8921.0731.652.0132.4352.7653.3285.1252.0880.4990.8254.3123.1371.8270.8591.7730.712.9213.30.461-2.2551.2210.269-1.106-2.968-0.855-1.102-1.727-3.282-1.738-1.408-0.4390.006-0.7280.1320.365-0.7960.610.220.0880.7050.921.0541.080.680.1210.4080.9440.4430.5110.29-0.418-0.667-0.884-0.8-0.50-0.1-0.20.1-0.10
Other Total Stockholders Equity 00000000000000000000000000000000000000000000-000001.1381.138173.979173.9721.138173.87173.815173.906173.769173.631173.576173.5173.415-172,021.806172.353-172,307.52-172,467.36-172,960.866172.938-176,433.39-176,284.539-176,155.668161.223161.045160.87200000000000000000000000000-0.627.828.30.200-0.1
Total Shareholders Equity 583.311551.151536.644522.145483.211478.702467.372441.408416.261428.983436.471456.559452.278451.888441.243441.554431.9425.221418.389416.561407.2400.117383.729375.249379.465374.919368.34365.87362.546357.499348.05340.811349.471344.577338.553333.804328.82328.971332.788328.138320.993316.138157.689153.325149.834150.938149.692146.59144.558149.662167.084164.999136.733130.917126.814125.936134.734139.043138.22140.104177.291181.692169.345174.372171.348167.713174.295178.155177.724174.531175.477171.915167.548161.66158.91155.125152.32149.2144.501141.617137.935134.272133.071130.201122.15783.45781.5379.83477.5875.02472.77171.46367.4140.44739.8331.85430.26729.23928.3862827.527.12726.726.61212.3
Total Equity 583.311551.151536.644522.145483.211478.702467.372441.408416.261428.983436.471456.559452.278451.888441.243441.554431.9425.221418.389416.561407.2400.117383.729375.249379.465374.919368.34365.87362.546357.499348.05340.811349.471344.577338.553333.804328.82328.971332.788328.138320.993316.138157.689153.325149.834150.938149.692146.59144.558149.662167.084164.999136.733130.917126.814125.936134.734139.043138.22140.104177.291181.692169.345174.372171.348167.713174.295178.155177.724174.531175.477171.915167.548161.66158.91155.125152.32149.2144.501141.617137.935134.272133.071130.201122.15783.45781.5379.83477.5875.02472.77171.46367.4140.44739.8331.85430.26745.23944.3862827.527.12726.726.61212.3
Total Liabilities & Shareholders Equity 5,917.1275,602.3885,465.9535,360.0565,251.0125,137.5874,895.8744,872.6195,016.9345,058.5555,175.8995,257.7494,964.4124,757.4144,710.3544,437.3444,420.614,314.3793,657.3873,632.9153,710.383,576.1393,551.7543,363.9073,300.1063,288.5213,293.93,286.7043,254.6553,143.3363,018.9193,082.5713,063.9642,999.9362,926.0562,903.5562,881.3772,875.9442,877.1842,893.3792,863.1042,879.2821,413.5151,426.9661,422.0031,343.751,385.3551,422.9261,388.3641,385.2451,401.5961,433.2291,477.9851,537.8741,576.9351,632.4211,813.3831,804.0621,902.9231,906.2082,017.352,071.3722,239.7642,208.012,207.3592,163.3542,115.9482,121.4032,106.4272,103.522,089.5772,067.2682,026.8341,969.4291,896.9741,838.211,796.771,709.1531,664.8761,536.1191,474.9491,378.6261,293.9311,202.8321,153.8831,034.774967.787921.855870.382781.977728.056698.682646.633617.888560.402512.746476.039440.317409.739368331291.9261.7216.2178.5139.693.1