Mercantile Bank Corp financial data

Symbol
MBWM on Nasdaq
Industry
State Commercial Banks
Location
310 Leonard Street Nw, Grand Rapids, MI
State of incorporation
MI
Fiscal year end
December 31
Latest financial report
10-K - Q4 2024 - Mar 3, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 921 % -3.78%
Return On Equity 14.1 % -16.3%
Return On Assets 1.38 % -13.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 16.2M shares +0.68%
Common Stock, Shares, Outstanding 16.1M shares +0.13%
Entity Public Float 634M USD +48.1%
Common Stock, Value, Issued 300M USD +1.56%
Weighted Average Number of Shares Outstanding, Basic 16.1M shares +0.72%
Weighted Average Number of Shares Outstanding, Diluted 16.1M shares +0.72%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 98.3M USD -4.3%
Income Tax Expense (Benefit) 18.7M USD -8.73%
Net Income (Loss) Attributable to Parent 79.6M USD -3.19%
Earnings Per Share, Basic 4.93 USD/shares -3.9%
Earnings Per Share, Diluted 4.93 USD/shares -3.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Property, Plant and Equipment, Net 53.4M USD +4.91%
Operating Lease, Right-of-Use Asset 4.4M USD +18.9%
Goodwill 49.5M USD 0%
Assets 6.05B USD +13.1%
Liabilities 5.47B USD +13.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -49.8M USD +1.31%
Retained Earnings (Accumulated Deficit) 335M USD +20.6%
Stockholders' Equity Attributable to Parent 585M USD +11.9%
Liabilities and Equity 6.05B USD +13.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 40.2M USD +123%
Net Cash Provided by (Used in) Financing Activities 79.6M USD +33499%
Net Cash Provided by (Used in) Investing Activities -13.2M USD +77%
Common Stock, Shares Authorized 40M shares 0%
Common Stock, Shares, Issued 16.1M shares +0.13%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 107M USD
Interest Paid, Excluding Capitalized Interest, Operating Activities 28.3M USD +139%
Deferred Tax Assets, Valuation Allowance 0 USD
Deferred Tax Assets, Gross 27.6M USD +3.09%
Operating Lease, Liability 4.42M USD +19.4%
Depreciation 6M USD 0%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 80.3M USD -17.3%
Lessee, Operating Lease, Liability, to be Paid 6.07M USD +27.5%
Property, Plant and Equipment, Gross 103M USD +8.79%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.16M USD +61.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.05M USD -6.57%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +16.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.66M USD +54.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.09M USD +68%
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 966K USD +69.5%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense 95.1M USD +210%