Mercantile Bank Corporation

NASDAQ: MBWM · Financial Services · Banks - Regional

PublicHQ Grand Rapids, MI · KentCIK 0001042729Reports USD

#1 of 1,011 Financial Services companies by revenue

EA Score

——

FH 57DQ —GM —SS 77

v0.1 · 35/100 weight · pillars only

↑ filing timeliness, market scale · ↓ balance-sheet leverage, Piotroski F

Methodology →

Revenue TTM

$379.3M

Rev growth YoY (TTM)

+4.4%

Net income (FY)

$88.8M

Employees

662

Market cap

$998.6M

Financials — latest annual

SEC EDGAR · USD-normalized

ConceptUSDNativeFY

Net income$88.8M$88.8M2025

Total assets$6.8B$6.8B2025

Liabilities$6.1B$6.1B2025

Equity$724.9M$724.9M2025

Revenue by segment

Filed disclosures · FY2025

By product

Credit and Debit Card42%

Service Charges on Deposit and Sweep Accounts38%

Payroll Processing16%

Customer Service4%

By geography

Not disclosed.

The read

Mercantile Bank Corporation earned $88.8M in FY2025 net income.

Peers · Financial Services

CNB Financial Corporation——Central Pacific Financial Corp.66B W.T.B. Financial Corporation57C FS Credit Opportunities Corp.——

Neighbors

Kent →

UFP Industries, Inc.$6.3B78B+Wolverine World Wide, Inc.$1.9B64C Independent Bank Corporation$32.1M61C ChoiceOne Financial Services, Inc.$19.0M44D Northpointe Bancshares, Inc.——Grand River Commerce, Inc.——

Key facts

CEORaymond E. Reitsma

SectorFinancial Services

IndustryBanks - Regional

HeadquartersGrand Rapids, MI

ExchangeNASDAQ: MBWM

Employees662

IPO date1999-07-20

Latest filings

8-K2026-05-21 10-Q2026-05-01 8-K2026-04-21 DEF 14A2026-04-02 8-K2026-03-19 10-K2026-02-27 8-K2026-01-20 8-K2025-12-31

Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.