GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
M

Mercantile Bank MBWM · USD

Financials · US listing · 🇺🇸 United States

Compare

61.63

+1.75%

Close of 9 Nov 2026, in USD

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue, before interest expense

$371.8m

FY2016FY2025

Net income

$88.8m

FY2016FY2025

Total assets

$6.84bn

FY2016FY2025

Shareholders' equity

$724.9m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue, before interest expense$371.8m$361.9m$303.5m$213.9m$198.7m$193.5m$185.3m$161.0m$144.5m$139.5m
Operating income$102.1m$98.3m$102.7m$75.8m$73.7m$54.8m$60.5m$51.8m$46.1m$46.9m
Net income$88.8m$79.6m$82.2m$61.1m$59.0m$44.1m$49.5m$42.0m$31.3m$31.9m
Diluted earnings per share5.464.935.123.843.762.713.022.531.891.95

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$6.84bn$6.05bn$5.35bn$4.87bn$5.26bn$4.44bn$3.63bn$3.36bn$3.29bn$3.08bn
Cash and short-term investments$1.58bn$1.12bn$747.6m$699.7m$1.57bn$1.01bn$568.4m$412.7m$535.8m$511.7m
Total liabilities$6.11bn$5.47bn$4.83bn$4.43bn$4.80bn$4.00bn$3.22bn$2.99bn$2.92bn$2.74bn
Debt$403.0m$261.2m$368.3m$331.9m$319.4m$165.9m$149.6m$149.7m$164.3m$176.5m
Shareholders' equity$724.9m$584.5m$522.1m$441.4m$456.6m$441.6m$416.6m$375.2m$365.9m$340.8m
Shares outstanding16m16m16m16m16m16m16m17m17m16m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue8.4%7.7%7.5%
Operating income10.4%13.2%10.1%
Net income13.3%15.0%12.6%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin27.3%30.3%30.9%31.3%
Net margin22.9%24.9%25.2%24.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings8.89.07.98.79.310.012.111.218.719.3
Price to sales3.23.12.72.83.12.63.93.44.54.9

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return10%11%23%-3%28%-28%32%-24%-4%62%

Dividends and splits

Per share, in the currency the company pays

Paid for 14 years. Last went ex-dividend on 4 Dec 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.581.501.421.671.261.181.121.06
  • 21-for-20 split · 19 Apr 2007
  • 1.05-for-1 split · 20 Apr 2006
  • 21-for-20 split · 14 Jul 2005
  • 21-for-20 split · 14 Apr 2004
  • 1.05-for-1 split · 15 Jan 2003
  • 21-for-20 split · 16 Jan 2002

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.