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Mercantile Bank Corporation MBWM Mercantile Bank — Total Assets

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Other financials

Income statement

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Revenue$68.8M+12.8%
Net income$25.9M+14.6%
EPS (diluted)$1.50+7.9%

Cash flow

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Operating cash flow$28.3M+1,051%
CapEx$938.0K-39.0%
Free cash flow$27.4M+706%

Valuation

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Market cap$1.05B+44.9%
P/E11×+2.1×
P/S+0.9×

Profitability

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Net margin36.5%+1.8pp
FCF margin17%

Returns & leverage

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Return on equity8.6%
Debt / equity

Where this comes from

Reported directly by Mercantile Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:Assets.

The source filing: Mercantile Bank Corporation’s 10-Q, filed May 1, 2026.

Filed
Apr 30, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014320
(Dollars in thousands)Mercantile BankEastern Michigan BankAll OtherIntercompany EliminationsConsolidated Total
Noninterest income11,07354819,567(19,500)11,688
Noninterest expense36,0184,0482,041-42,107
Income before federal income tax expense28,7732,47315,566(19,530)27,282
Federal income tax expense4,949499(851)-4,597
Net income$23,824$1,974$16,417$(19,530)$22,685
Goodwill$32,171$24,217$17,301-$73,689
Core deposit intangible, net-18,173--18,173
Total assets6,356,397567,8421,026,376(1,005,580)6,945,035

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FAQ

What is Mercantile Bank Corporation's mercantile bank — total assets?
Mercantile Bank Corporation (MBWM) reported mercantile bank — total assets of $6.36B in Q1 2026.
What does mercantile bank — total assets mean?
This represents the total economic resources controlled by the Mercantile Bank segment, including cash, investment securities, and the loan portfolio. It serves as the primary indicator of the segment's scale, lending capacity, and overall footprint within the bank holding company's structure. Analyzing the composition and growth of these assets is critical for evaluating the segment's market share and its ability to generate interest-based income.

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