Mercantile Bank Corporation (MBWM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash & Short Term Investments | 48.43M | 1.58B | 1.07B | 867.19M | 918.94M | 1.12B | 1.03B | 845.54M | 846.38M | 747.63M | 858.29M | 816.77M | 677.91M | 699.71M | 867.01M | 1.08B | 1.38B | 1.57B | 1.38B | 1.27B |
| Cash & Due from Banks | 48.43M | 473.32M | 477.02M | 296.07M | 385.46M | 393.01M | 328.55M | 197.63M | 237.23M | 130.53M | 265.99M | 207.8M | 57.94M | 96.77M | 284.01M | 479.11M | 770.2M | 975.16M | 825.36M | 759.53M |
| Short Term Investments | 0 | 1.1B | 591.64M | 571.12M | 533.48M | 730.35M | 703.38M | 647.91M | 609.15M | 617.09M | 592.3M | 608.97M | 619.97M | 602.94M | 583M | 603.64M | 605.66M | 592.74M | 559.56M | 506.13M |
| Total Investments | 6.44B | 5.87B | 5.17B | 5.24B | 5.13B | 5.29B | 5.23B | 5.05B | 4.89B | 4.89B | 4.66B | 4.63B | 4.55B | 4.48B | 4.44B | 4.3B | 4.14B | 4.03B | 3.88B | 3.75B |
| Investments Growth % | 25.53% | 10.83% | -1.22% | 3.67% | 4.79% | 8.24% | 12.24% | 9.18% | 7.64% | 9.12% | 4.95% | 7.52% | 9.79% | 11.27% | 14.32% | 14.88% | 8.59% | 12.93% | 7.05% | 3.83% |
| Long-Term Investments | 6.44B | 4.76B | 4.57B | 4.67B | 4.6B | 4.56B | 4.53B | 4.4B | 4.28B | 4.27B | 4.07B | 4.02B | 3.93B | 3.88B | 3.86B | 3.7B | 3.54B | 3.43B | 3.32B | 3.24B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 91.86M | 93.04M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.69M | 49.76M | 49.9M | 50.06M | 50.21M | 50.37M | 50.59M | 50.82M | 51.06M | 51.3M |
| Goodwill | 73.69M | 72.66M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M |
| Intangible Assets | 18.17M | 20.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 212K | 291K | 424K | 583K | 741K | 900K | 1.11M | 1.35M | 1.59M | 1.83M |
| PP&E (Net) | 61.86M | 62.47M | 56.16M | 54.79M | 53.69M | 53.43M | 54.23M | 50.16M | 50.84M | 50.93M | 52.23M | 52.29M | 51.51M | 51.48M | 52.12M | 51.4M | 56.08M | 57.3M | 57.47M | 58.25M |
| Other Assets | 304.87M | 340.46M | 560.74M | 542.32M | 524.02M | 263.75M | 255.81M | 252.26M | 234.5M | 232.75M | 224.26M | 199.7M | 190.08M | 193.44M | 191.34M | 173.25M | 157.99M | 147.51M | 147.43M | 141.56M |
| Total Current Assets | 48.43M | 1.58B | 1.07B | 867.19M | 918.94M | 1.12B | 1.03B | 845.54M | 846.38M | 747.63M | 858.29M | 816.77M | 677.91M | 699.71M | 867.01M | 1.08B | 1.38B | 1.57B | 1.38B | 1.27B |
| Total Non-Current Assets | 6.9B | 5.26B | 5.24B | 5.31B | 5.22B | 4.93B | 4.89B | 4.76B | 4.62B | 4.61B | 4.39B | 4.32B | 4.22B | 4.17B | 4.15B | 3.98B | 3.8B | 3.69B | 3.58B | 3.49B |
| Total Assets | 6.95B | 6.84B | 6.31B | 6.18B | 6.14B | 6.05B | 5.92B | 5.6B | 5.47B | 5.36B | 5.25B | 5.14B | 4.9B | 4.87B | 5.02B | 5.06B | 5.18B | 5.26B | 4.96B | 4.76B |
| Asset Growth % | 13.09% | 12.94% | 6.61% | 10.33% | 12.35% | 12.91% | 12.69% | 9.05% | 11.64% | 10% | 4.67% | 1.56% | -5.41% | -7.32% | 1.06% | 6.33% | 9.88% | 18.49% | 12.3% | 10.27% |
| Return on Assets (ROA) | 0.33% | 0.35% | 0.38% | 0.37% | 0.32% | 0.33% | 0.34% | 0.34% | 0.4% | 0.38% | 0.4% | 0.41% | 0.43% | 0.44% | 0.32% | 0.23% | 0.22% | 0.23% | 0.31% | 0.38% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 106.72M | 76.63M | 70.07M | 78.21M | 80.39M | 53.03M | 39.8M | 24.64M | 25.22M | 22.61M |
| Total Debt | 703.26M | 825.88M | 738.13M | 739.16M | 748.22M | 648.25M | 777.4M | 788.11M | 814.57M | 839.95M | 760.35M | 825.47M | 760.41M | 640.19M | 674.2M | 702.64M | 723.38M | 693.35M | 617.92M | 611.64M |
| Net Debt | 654.83M | 352.56M | 261.12M | 443.09M | 362.76M | 255.24M | 448.86M | 590.48M | 577.34M | 709.42M | 494.36M | 617.67M | 702.48M | 543.42M | 390.18M | 223.54M | -46.83M | -281.81M | -207.44M | -147.89M |
| Long-Term Debt | 483.75M | 593.59M | 405.74M | 405.48M | 446.12M | 526.73M | 556.47M | 566.21M | 585.96M | 606.52M | 596.27M | 606.01M | 515.75M | 445.85M | 475.59M | 499.31M | 519.11M | 495.89M | 442.07M | 441.9M |
| Short-Term Debt | 219.51M | 232.29M | 332.4M | 333.68M | 302.1M | 121.52M | 220.94M | 221.9M | 228.62M | 229.73M | 164.08M | 219.46M | 244.66M | 194.34M | 198.6M | 203.34M | 204.27M | 197.46M | 175.85M | 169.74M |
| Other Liabilities | 5.5B | 0 | 100.91M | 99.83M | 102.84M | 121.02M | 100.51M | 116.55M | 106.93M | 93.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 219.51M | 5.52B | 5.14B | 5.04B | 4.98B | 4.82B | 4.68B | 4.37B | 4.24B | 4.13B | 4.17B | 4.05B | 3.91B | 3.99B | 4.13B | 4.13B | 4.22B | 4.31B | 4.07B | 3.86B |
| Total Non-Current Liabilities | 5.99B | 593.59M | 506.65M | 505.31M | 548.97M | 647.75M | 656.98M | 682.76M | 692.88M | 700.43M | 596.27M | 606.01M | 515.75M | 445.85M | 475.59M | 499.31M | 519.11M | 495.89M | 442.07M | 441.9M |
| Total Liabilities | 6.21B | 6.11B | 5.65B | 5.55B | 5.53B | 5.47B | 5.33B | 5.05B | 4.93B | 4.84B | 4.77B | 4.66B | 4.43B | 4.43B | 4.6B | 4.63B | 4.74B | 4.8B | 4.51B | 4.31B |
| Total Equity | 736.95M | 724.88M | 657.63M | 631.52M | 608.35M | 584.53M | 583.31M | 551.15M | 536.64M | 522.14M | 483.21M | 478.7M | 467.37M | 441.41M | 416.26M | 428.98M | 436.47M | 456.56M | 452.28M | 451.89M |
| Equity Growth % | 21.14% | 24.01% | 12.74% | 14.58% | 13.36% | 11.95% | 20.72% | 15.13% | 14.82% | 18.29% | 16.08% | 11.59% | 7.08% | -3.32% | -7.96% | -5.07% | -1.08% | 3.4% | 4.72% | 6.27% |
| Equity / Assets (Capital Ratio) | 10.61% | 10.61% | 10.42% | 10.22% | 9.91% | 9.66% | 9.86% | 9.84% | 9.82% | 9.74% | 9.2% | 9.32% | 9.55% | 9.06% | 8.3% | 8.48% | 8.43% | 8.68% | 9.11% | 9.5% |
| Return on Equity (ROE) | 3.1% | 3.3% | 3.69% | 3.65% | 3.28% | 3.36% | 3.46% | 3.45% | 4.07% | 3.98% | 4.34% | 4.3% | 4.62% | 5.08% | 3.79% | 2.71% | 2.57% | 2.56% | 3.33% | 4.05% |
| Book Value per Share | 42.75 | 44.57 | 40.52 | 38.94 | 37.56 | 36.21 | 36.15 | 34.18 | 33.29 | 32.54 | 30.17 | 29.91 | 29.22 | 27.78 | 26.24 | 27.07 | 27.55 | 29.09 | 28.52 | 28.04 |
| Tangible BV per Share | 37.42 | 38.85 | 37.47 | 35.89 | 34.50 | 33.14 | 33.08 | 31.12 | 30.22 | 29.46 | 27.06 | 26.80 | 26.10 | 24.63 | 23.08 | 23.89 | 24.36 | 25.85 | 25.30 | 24.85 |
| Common Stock | 350.64M | 349.43M | 303.46M | 302.29M | 300.73M | 299.7M | 298.7M | 297.59M | 296.06M | 295.11M | 293.96M | 292.91M | 291.52M | 290.44M | 289.22M | 288.2M | 286.83M | 285.75M | 285.03M | 293.23M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 415.5M | 399.45M | 382.68M | 364.99M | 348.28M | 334.65M | 320.72M | 306.8M | 293.55M | 277.53M | 262.84M | 247.31M | 232.12M | 216.31M | 199.5M | 188.45M | 181.53M | 174.54M | 167.54M | 157.15M |
| Accumulated OCI | -29.2M | -24M | -28.51M | -35.77M | -40.67M | -49.83M | -36.12M | -53.24M | -52.98M | -50.49M | -73.59M | -61.52M | -56.27M | -65.34M | -72.46M | -47.67M | -31.89M | -3.73M | -296K | 1.51M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |