Mercantile Bank financials
$58.89−0.83%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $98.2M | $97.1M | $93.3M | $96.0M | $93.4M | $89.0M | $92.7M | $93.1M | $88.6M | $87.6M | $82.1M | $80.4M |
| Gross profit | $68.8M | $67.6M | $62.1M | $62.4M | $60.9M | $57.3M | $58.5M | $58.0M | $56.8M | $58.2M | $56.9M | $58.2M |
| Gross margin | 70.0% | 69.6% | 66.5% | 65.0% | 65.2% | 64.3% | 63.2% | 62.3% | 64.1% | 66.5% | 69.4% | 72.4% |
| Operating income | $31.2M | $27.3M | $26.0M | $27.4M | $26.0M | $24.0M | $23.2M | $24.6M | $23.5M | $27.0M | $25.2M | $26.0M |
| Net income | $25.9M | $22.7M | $22.8M | $23.8M | $22.6M | $19.5M | $19.6M | $19.6M | $18.8M | $21.6M | $20.0M | $20.9M |
| Net margin | 26.4% | 23.4% | 24.5% | 24.7% | 24.2% | 21.9% | 21.2% | 21.1% | 21.2% | 24.6% | 24.4% | 25.9% |
| Diluted EPS | $1.50 | $1.32 | $1.40 | $1.46 | $1.39 | $1.21 | $1.22 | $1.22 | $1.17 | $1.34 | $1.25 | $1.30 |
| EBITDA | $31.3M | $27.6M | $27.2M | $28.0M | $26.0M | $24.0M | $23.2M | $24.6M | $23.5M | $27.0M | $25.2M | $26.0M |
| Operating cash flow | $15.3M | $28.3M | $5.6M | $23.1M | -$7.8M | -$3.0M | $59.9M | -$8.1M | $9.1M | $40.2M | -$7.3M | $36.4M |
| Free cash flow | $14.9M | $27.4M | $5.4M | $20.5M | -$10.2M | -$4.5M | $59.3M | -$13.4M | $8.2M | $38.8M | -$7.8M | $35.6M |
| Diluted shares | 17.3M | 17.2M | 16.3M | 16.2M | 16.2M | 16.2M | 16.1M | 16.1M | 16.1M | 16.1M | 16.0M | 16.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $69.8M | $48.4M | $54.8M | $58.6M | $98.9M | $70.3M |
| Short-term investments | $1.40B | $1.66B | $1.52B | $1.30B | $1.05B | $1.12B |
| Total debt | $471.5M | $483.8M | $496.9M | $486.6M | $496.4M | $506.1M |
| Total assets | $6.82B | $6.95B | $6.84B | $6.31B | $6.18B | $6.14B |
| Total liabilities | $6.06B | $6.21B | $6.11B | $5.65B | $5.55B | $5.53B |
| Shareholders' equity | $755.1M | $736.9M | $724.9M | $657.6M | $631.5M | $608.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology