Company profile
Mercantile Bank Corporation
NASDAQ: MBWM · Financial Services · Banks - Regional
#1 of 1,012 Financial Services companies by revenue
EA Score
——FH 57DQ —GM —SS 78
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
765
as of 2026-08-10
Market cap
$1.0B
as of 2026-08-10
Financials — latest annual
SEC EDGAR · USD-normalizedConceptUSDNativeFY
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
What is Mercantile Bank Corporation’s financial profile?
Mercantile Bank Corporation earned $88.8M in FY2025 net income.
Peers · Financial Services
FirstSun Capital Bancorp——Goldman Sachs BDC, Inc.——ASA Gold and Precious Metals Limited——Horizon Bancorp, Inc.——Equity Bancshares, Inc.——CNB Financial Corporation——Neighbors
Kent →Key facts
CEORaymond E. Reitsma
SectorFinancial Services
IndustryBanks - Regional
HeadquartersGrand Rapids, MI
ExchangeNASDAQ: MBWM
Employees765
IPO date1999-07-20
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.