MERCANTILE BANK CORP
About MERCANTILE BANK CORP
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
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Financial summary
- Net income
- $88.8M
- Total assets
- $6.8B
- Market cap
- $911.1M
- Operating margin
- 31.3%
- Net margin
- 26.9%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $330.2M
- Operating expenses
- $226.7M
- Operating income
- $103.5M
- Income tax
- $14.7M
- Net income
- $88.8M
- EPS (basic)
- $5.47
- EPS (diluted)
- $5.47
Balance sheet
- Total assets
- $6.8B
- Current assets
- $6.8B
- Total liabilities
- $6.1B
- Current liabilities
- $6.1B
- Shareholders’ equity
- $724.9M
Cash flow
- Operating cash flow
- $18.0M
- Investing cash flow
- -$105.7M
- Financing cash flow
- $168.0M
- Net cash flow
- $80.3M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $911.1M
- P/E ratio
- 9.7
- EPS (diluted)
- $5.47
- Dividend yield
- 2.94%
- Shares outstanding
- 17.2M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Oct 24, 1997
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $88.8M.
- Revenue grew 123% from FY2020 to FY2025.
- Trading near its 52-week high.
- Pays a dividend yielding about 2.94% annually.
- Valued at a price-to-earnings (P/E) ratio of 9.7.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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