State Ledger
Company profile

MERCANTILE BANK CORP CIK 1042729

Ticker
MBWM (Nasdaq)
Industry
State Commercial Banks
Headquarters
Grand Rapids, MI 49504
Fiscal year end
2025 (FY)
Market Data
Close
$57.80
Change
-$0.43
Change %
-0.74%
Volume
4,226

MBWM · trading date Oct 9, 2026 · previous close $58.23 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
—
Net income
$88.75M
Total assets
$6.84B
Total liabilities
$6.11B
Stockholders' equity
$724.88M
Cash & equivalents
$54.76M
Operating income
—
Operating cash flow
$17.97M
Capital expenditures
—

Fiscal year 2025, via 10-K filed 2026-02-27. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
—
Free cash flow
—
Free cash flow margin
—
Liabilities / assets
89.4%
Equity / assets
10.6%
CapEx / revenue
—
Operating cash flow / net income
0.20×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 — $88.75M $6.84B $6.11B $724.88M
2024 — $79.59M $6.05B $5.47B $584.53M
2023 — $82.22M $5.35B $4.83B $522.15M
2022 — $61.06M $4.87B $4.43B $441.41M
2021 — $59.02M $5.26B $4.80B $456.56M
Company Details
SIC code
6022
State of incorporation
MI
Active filer
Yes
Most recent SEC filing
Form 10-Q
2026-07-31
Financials filed via
Form 10-K
filed 2026-02-27

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Grand Rapids, MI 49504
310 LEONARD STREET NW
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:35 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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