MBWM · XBRL financial data

Mercantile Bank financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (MBWM's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Interest expense	25*	29	—	—	—	—	—	—	—	—	—	—
Income tax expense (benefit)	5*	5	5	5	4*	5	3	4	3*	5	5	5
Net income (loss)	20*	22	19	20	20*	20	23	24	23*	23	26	24
Earnings per share, basic USD per share	1.25*	1.34	1.17	1.22	1.22*	1.21	1.39	1.46	1.40*	1.32	1.50	1.39
Earnings per share, diluted USD per share	1.25*	1.34	1.17	1.22	1.22*	1.21	1.39	1.46	—	1.32	1.50	1.39
Weighted average shares, basic millions of shares	16*	16	16	16	16*	16	16	16	16*	17	17	17
Weighted average shares, diluted millions of shares	16*	16	16	16	16*	16	16	16	—	17	17	17

Fiscal quarters (MBWM's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Property and equipment, net	51	51	50	54	53	54	55	56	62	62	61	61
Right-of-use asset	4	5	5	5	4	5	4	4	4	4	3	3
Goodwill	49	49	49	49	49	49	49	49	73	74	74	74
Total assets	5,353	5,466	5,602	5,917	6,052	6,141	6,181	6,308	6,835	6,945	6,819	7,163
Total deposits	3,901	4,008	4,147	4,456	4,698	4,682	4,710	4,812	5,284	5,420	5,296	5,612
Total liabilities	4,831	4,929	5,051	5,334	5,468	5,533	5,549	5,651	6,110	6,208	6,064	6,419
Retained earnings	278	294	307	321	335	348	365	383	399	415	435	452
Total stockholders' equity	522	537	551	583	585	608	632	658	725	737	755	744
Total liabilities and equity	5,353	5,466	5,602	5,917	6,052	6,141	6,181	6,308	6,835	6,945	6,819	7,163
Common shares outstanding (cover page) millions of shares	16	16	16	16	16	16	16	16	17	17	17	17

Fiscal quarters (MBWM's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	20*	22	19	20	20*	20	23	24	23*	23	26	24
Stock-based compensation	1*	1	1*	1*	1*	1	1*	1*	1*	1	1*	1*
Net cash from operating activities	(7)*	40	9*	(8)*	60*	(3)	(8)*	23*	6*	28	15*	47*
Net cash from investing activities	(199)*	(13)	(155)*	(154)*	(103)*	(82)	(95)*	64*	8*	(25)	(109)*	(46)*
Share repurchases	year only	—	—	—	—	—	—	—	—	—	—	—
Dividends paid	5*	6	6*	6*	6*	6	6*	6*	6*	7	7*	7*
Net cash from financing activities	71*	80	107*	293*	108*	77	14*	94*	(17)*	102	(144)*	287*
Net change in cash	(135)*	107	(40)*	131*	64*	(8)	(89)*	181*	(4)*	106	(238)*	288*

SIC 6022 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6022 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Mercantile Bank	56	not reported	47*	17.3M	—	Q3 FY26 10-QSep 30, 2026
Central Pacific Financial	117	12	30*	25.4M	—	Q3 FY26 10-QSep 30, 2026
Amerant Bancorp	62	not reported	57*	39.0M	—	Q3 FY26 10-QSep 30, 2026
Old Second Bancorp	143	not reported	29*	50.9M	—	Q2 FY26 10-QJun 30, 2026
Business First Bancshares	490	3.3	44*	32.2M	—	Q3 FY26 10-QSep 30, 2026
Metropolitan Bank Holding	239	not reported	(11)*	12.4M	22.2 quarters	Q2 FY26 10-QJun 30, 2026
Equity Bancshares	546	not reported	39*	20.6M	—	Q2 FY26 10-QJun 30, 2026
Burke & Herbert Financial Services	167	not reported	0.3*	20.2M	—	Q2 FY26 10-QJun 30, 2026
Esquire Financial Holdings	242	not reported	15*	12.1M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.